146 Elodie AveHarahanLA70123
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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 146 Elodie Ave, Harahan, LA, 70123 priced at $187,900 pairs $1,452/mo rent with $256/mo cash flow after a $920/mo payment. Total monthly income equals $1,452/mo, and annual cash flow comes to $3,075/yr on $62,289 invested. Return on cash invested is 24.85% in year one, and rental yield stands at 9.27% on a $187,900 basis. Equity gained on principal adds $1,212/yr, and 5% annual appreciation accumulates to $51,913 by year five. Five-year ROI measures 129.6% and total cumulative return in cash reaches $80,725. For financing, Ziffy Mortgage’s DSCR program evaluates $1,452/mo property income against a $920/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
N/A 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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Listed by: Kellee Butler • Century 21 Action Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2505253
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.