1508 Robert C Blakes Sr DrNew OrleansLA70130
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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 1508 Robert C Blakes Sr Dr, New Orleans, LA, 70130 with 5% annual appreciation on a $378,900 basis while $6,487/mo rent supports operations. Total monthly income totals $6,487/mo and a $1,855/mo payment preserves $3,899/mo for cash returns. Annual cash flow comes to $46,794/yr on $125,605 deployed, and return on cash invested reaches 57.16% in year one. Equity gained on principal adds $2,445/yr, and five-year appreciation sums $104,683 alongside rental yield of 20.54%. Five-year ROI measures 303.47% and total cumulative return in cash totals $381,171.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,487/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: N/A • N/A
Mls Name: GSREIN
Mls ID: #2457612