120 Firethorn Dr, Gretna, LA, USA
Fair
62/100This deal is workable — priced below the local market with healthy equity after repairs. Watch that monthly cash flow is negative the rental yield is thin.
- 14% below area price per sqft
- $96k potential equity (20%)
- Strong neighborhood (72/100)
- $394/mo negative cash flow
- Cap rate only 3.59%
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $318k and $408k. The subject's 1,567 sqft and 3bd/2ba layout supports a midpoint estimate of $361k.
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Property presents in turnkey condition. Estimated rehab of $5k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Gretna rental market shows soft demand. Median area rent is $1,163/mo with a 6% vacancy rate.
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Comparable 3bd units nearby rent for $1,320–$1,580. At $1,440/mo the gross yield is 6.52% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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