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$575,000

For Sale - Active
4516 Beau Lac Ln, Metairie, LA 70002
4 Beds
3 Baths
2,784 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 21, 2025 at 03:33AM

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
-$996
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

This exquisite home offers high-end features in one of the area's best neighborhoods, just a short stroll to the Lake. Updates like a new, Fortified roof and gutters (2024) and downstairs air handler (2025) accompany luxuries like an oversized whirlpool tub, a custom-designed shower, and a built-in SubZero refrigerator/freezer. Nine-foot ceilings and hardwood floors grace the first floor, which includes a wet bar, fireplace, and solid, six-panel doors. The gourmet kitchen has granite countertops, hardwood cabinets, pantry and butler's pantry, a double oven, and a gas cooktop. French doors and generous windows pour natural light into the living, dining, and breakfast rooms. Gas lanterns illuminate a brick walk that leads visitors to marble flooring and elegant, artist-painted walls in the entryway. The four bedrooms are spacious, especially the primary bedroom with its two closets. The attached, extra-large garage features an AC unit, second attic, exterior shed, and an app-connected door opener. The front balcony sits amid a canopy of crepe myrtles while a backyard porch overlooks oak, magnolia, and satsuma trees to round out this enviable address. This home must be seen to be fully appreciated!

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Location


Property Details


Parking

  • Details: Attached, Off Street, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 0820034205
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1973

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Jefferson Parish

Listing Details


Listed by:
Allen Leone
LEONE GNO REALTY LLC
(504) 908-1288

Source:
Gulf South Real Estate Information Network
MLS#: 2495630
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
-$996
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Purchase Details

Find an Agent

Purchase price:
$575,000
Amount financed:
-$460,000
Down payment:
$115,000
Closing costs:
$17,250
Rehab costs:
$0
Initial cash invested:
$132,250
Square feet:
2,784
Cost per square foot:
$207
Monthly rent per square foot:
$0.90

Financing Details

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Loan amount:
$460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,721
Property tax:
$0
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,896

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$625-$7,500

Cash Flow


Monthly Yearly
Net operating income:
$1,725 $20,700
Mortgage payments:
-$2,721 -$32,652
Cash flow:
$996 $11,952