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$320,000

For Sale - Active
433 Monroe St, Gretna, LA 70053
4 Beds
2 Baths
1,714 Square Feet
0.00 Acres Lot
Built in 1921
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 22, 2025 at 03:04AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$256
Cap Rate
7.2%
Cash-on-Cash Return
4.2%
Debt Coverage Ratio
1.15
Internal Rate of Return (5 years)
8.1%

Property Description


0.00 Acres Lot
Built in 1921
For Sale - Active
Units n/a

OPEN HOUSE! SATURDAY 6/21 FROM 2PM-4PM! Welcome to 433 Monroe St! This corner lot cottage was renovated in 2021 and has 4 bedrooms and 2 full bathrooms. The Kitchen has quartz countertops with stainless steel appliances and plenty of cabinet space. The Living room and Den connect for endless entertaining possibilities. The Primary Bedroom has an en suite complete with double vanities and a gorgeous walk in shower. Please schedule your showing today! Flood Zone X500. Armadillo Home Warranty included! Property is also zoned C-1 commercial. Listed commercially MLS#2496529

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Location


Property Details


Parking

  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Foundation: Raised
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0100002855
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cottage
  • Year Built: 1921

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Jefferson Parish

Listing Details


Listed by:
Jay Gallo
Mirambell Realty
(504) 889-9850

Source:
Gulf South Real Estate Information Network
MLS#: 2493141
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$256
Cap Rate
7.2%
Cash-on-Cash Return
4.2%
Debt Coverage Ratio
1.15
Internal Rate of Return (5 years)
8.1%

Purchase Details

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Purchase price:
$320,000
Amount financed:
-$256,000
Down payment:
$64,000
Closing costs:
$9,600
Rehab costs:
$0
Initial cash invested:
$73,600
Square feet:
1,714
Cost per square foot:
$187
Monthly rent per square foot:
$1.63

Financing Details

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Loan amount:
$256,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,676
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,872

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$700-$8,400

Cash Flow


Monthly Yearly
Net operating income:
$1,932 $23,184
Mortgage payments:
-$1,676 -$20,112
Cash flow:
$256 $3,072