1600 Tropic DrNew OrleansLA70131
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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 1600 Tropic Dr, New Orleans, LA, 70131 listed at $172,500 pairs $1,333/mo rent with a $844/mo payment to leave $265/mo cash flow. Total monthly income runs $1,333/mo, and annual cash flow reaches $3,177/yr on $57,184 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.27% at a $172,500 basis. Equity gained on principal adds $1,113/yr, and annual property appreciation at 5% supports $47,659 by year five. Five-year ROI tracks 132.67% and total cumulative return in cash totals $75,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,333/mo property income relative to a $844/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
5,702 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Samantha ONeil • Compass Westbank (LATT10)
Mls Name: GSREIN
Mls ID: #2539408