119 Donelon DrHarahanLA70123
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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 Harahan at 119 Donelon Dr, Harahan, LA, 70123 priced at $349,900 converts $2,983/mo rent into $815/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,983/mo, and annual cash flow totals $9,782/yr on $115,992 invested. Return on cash invested prints 28.34% in year one, and rental yield reads 10.23% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 148.09% and total cumulative return in cash sums $171,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,983/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1968
6,098 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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