118 Jefferson Heights AveNew OrleansLA70121
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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
Rental property for sale in New Orleans at 118 Jefferson Heights Ave, New Orleans, LA, 70121 generates $1,568/mo in rent and, after a $979/mo payment, leaves $329/mo in cash flow. Total monthly income is $1,568/mo, and annual cash flow is $3,948/yr on $66,300 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 9.41% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.76% and total cumulative return in cash sums $89,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,568/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
2,674 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
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Listed by: Jacquelyn Zuppardo • NOLA Living Realty
Mls Name: GSREIN
Mls ID: #2527047