1620 Rev John Raphael Jr WayNew OrleansLA70113
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 1620 Rev John Raphael Jr Way, New Orleans, LA, 70113 earns $487/mo cash flow from $1,230/mo rent with a $587/mo payment. Total monthly income totals $1,230/mo, and annual cash flow totals $5,844/yr on $39,780 capital. ROI tracks 34.6% on current figures, and rental yield reads 12.3% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 181.62% and total cumulative return in cash sums $72,247. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,230/mo property income instead of your personal income.
Multi Family
Built in 1973
2,421 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Myrna Keys • RE/MAX Affiliates
Mls Name: GSREIN
Mls Provider:
Mls ID: #2421672
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. [Click here for more information](/info/mls-disclaimers/#mls_250)