1616 Newport PlKennerLA70065
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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 Kenner at 1616 Newport Pl, Kenner, LA, 70065 generates $1,723/mo in rent, after a $2,932/mo payment. Total monthly income is $1,723/mo. Return on cash invested sits at 7.96% in year one, and rental yield is 3.45% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 38.73% and total cumulative return in cash sums $76,330. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,723/mo property income rather than buyer’s personal income.
Townhouse
Built in 1977
7,353 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70065, Kenner, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,493 (100%) |
| Owner Occupied HU | 12,340 (57.4%) |
| Renter Occupied HU | 6,983 (32.5%) |
| Vacant Housing Units | 2,170 (10.1%) |
| Median Home Value | $283,071 |
| Average Home Value | $336,608 |
Housing Distribution
Address Breakdown
Residential
20,987
Single Family
16,500
Multi-Family
4,487
Businesses
940
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