17 Spinnaker LnNew OrleansLA70124
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 17 Spinnaker Ln, New Orleans, LA, 70124 at $329,000 posts ROI 27.79% with $716/mo cash flow from $2,754/mo rent. Total monthly income equals $2,754/mo, and annual cash flow records $8,596/yr on $109,064 to close. Return on cash invested measures 27.79% and rental yield reads 10.04% at the current $329,000. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 by year five. Five-year ROI prints 145.12% and total cumulative return in cash totals $158,277.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,754/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1978
2,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Nearby investment properties with comparable prices
Listed by: Linda O'Neil • Compass Kenner (LATT30)
Mls Name: GSREIN
Mls ID: #2530699