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$399,000

For Sale - Active
6109 Marcie St, Metairie, LA 70003
6 Beds
3 Baths
2,979 Square Feet
0.00 Acres Lot
Built in 1967
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jul 24, 2025 at 02:01AM

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
$251
Cap Rate
6.4%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.13
Internal Rate of Return (5 years)
7.2%

Property Description


0.00 Acres Lot
Built in 1967
For Sale - Active
Units n/a

MOTIVATED SELLER! Beautiful & unique property with tons to offer awaits new owner! Recently renovated home features a spacious floorplan with large rooms, new fixtures, fresh paint, & updated laminate wood flooring throughout, plenty of storage space, new windows, updated kitchen with extra cabinet space, marble counter, & stainless-steel appliances, updated bathrooms, tons of natural light, 2yr old roof, & much more! Gorgeous lot with ample curb appeal potential, plenty of shade, & a large back yard with bonus storage shed and cozy covered patio in a fantastic neighborhood with quick access to countless surrounding amenities such as schools, shopping, restaurants, I-10, and Lafreniere Park.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # 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: 0820004534
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1967

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Jefferson Parish

Listing Details


Listed by:
Judy Walker
KELLER WILLIAMS REALTY 455-0100
(504) 251-4142

Source:
Gulf South Real Estate Information Network
MLS#: 2513251
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
$251
Cap Rate
6.4%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.13
Internal Rate of Return (5 years)
7.2%

Purchase Details

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Purchase price:
$399,000
Amount financed:
-$319,200
Down payment:
$79,800
Closing costs:
$11,970
Rehab costs:
$0
Initial cash invested:
$91,770
Square feet:
2,979
Cost per square foot:
$134
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$319,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,888
Property tax:
$0
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,105

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$775-$9,300

Cash Flow


Monthly Yearly
Net operating income:
$2,139 $25,668
Mortgage payments:
-$1,888 -$22,656
Cash flow:
$251 $3,012