14031 Explorers AveNew OrleansLA70129
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
Investment Highlights
Investment property for sale in New Orleans at 14031 Explorers Ave, New Orleans, LA, 70129 offers a 8.21% rental yield on a $275,000 purchase with $1,881/mo rent. Total monthly income registers $1,881/mo, and a $1,346/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,130/yr on $91,163 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 115.39% and total cumulative return in cash at $105,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,881/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
6,311 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vickie Mumphrey • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls ID: #2530103