128 Phyllis CtRiver RidgeLA70123
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 128 Phyllis Ct, River Ridge, LA, 70123 in River Ridge worth modelling. At $220,000 with a 8.36% gross yield, the $1,533/mo rent leaves $170/mo after the $989/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.55 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $60,782 by year five; $2,026/yr in principal reduction adds further equity. Total projected return: $94,394.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $170 | $850 |
City averages based on River Ridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,533 |
| Total Monthly Debt Service | $1,275 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
7,431 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
7,431 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April Brown • Hospitality Realty
Mls Name: GSREIN
Mls ID: #2534198