1223 Riviera AveNew OrleansLA70122
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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 New Orleans at 1223 Riviera Ave, New Orleans, LA, 70122 earns $381/mo cash flow from $3,073/mo rent with a $2,127/mo payment. Total monthly income totals $3,073/mo, and annual cash flow totals $4,574/yr on $144,037 capital. ROI tracks 23.08% on current figures, and rental yield reads 8.49% at a $434,500 purchase. Equity gained on principal adds $2,804/yr, and 5% annual appreciation supports $120,044 over five years. Five-year ROI reaches 119.9% and total cumulative return in cash sums $172,703. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,073/mo property income instead of your personal income.
Single Family
Built in 2015
6,351 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Jared English • Congress Realty, Inc.
Mls Name: GSREIN
Mls ID: #2533255