10420 Ware StRiver RidgeLA70123
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in River Ridge at 10420 Ware St, River Ridge, LA, 70123 earns $238/mo cash flow from $1,905/mo rent with a $1,317/mo payment. Total monthly income totals $1,905/mo, and annual cash flow totals $2,860/yr on $89,174 capital. ROI tracks 23.12% on current figures, and rental yield reads 8.5% at a $269,000 purchase. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 over five years. Five-year ROI reaches 120.09% and total cumulative return in cash sums $107,087. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,905/mo property income instead of your personal income.
Single Family
Built in 1960
7,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: Misty Judice • NOLA Living Realty
Mls Name: GSREIN
Mls ID: #2539790