1635 Newport Pl APT 1KennerLA70065
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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 1635 Newport Pl APT 1, Kenner, LA, 70065 generates $990/mo in rent and, after a $636/mo payment, leaves $185/mo in cash flow. Total monthly income is $990/mo, and annual cash flow is $2,220/yr on $43,095 invested. Return on cash invested sits at 25.06% in year one, and rental yield is 9.14% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 130.49% and total cumulative return in cash sums $56,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $990/mo property income rather than buyer’s personal income.
Condo
Built in 1978
1,385 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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