20637 Old Spanish TrlNew OrleansLA70129
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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 20637 Old Spanish Trl, New Orleans, LA, 70129 uses $52,278 cash to close to unlock $3,226/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,250/mo, and a $772/mo payment keeps the spread at $269/mo. Purchase price stands at $157,700, and rental yield measures 9.51% with $1,250/mo rent. Return on cash invested shows 26.08% in year one, and 5% annual appreciation builds toward $43,570 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash records $71,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,250/mo property income covering a $772/mo payment rather than investor’s personal income.
Single Family
Built in 1983
10,140 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
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Listed by: Chip Julien • Donald Julien & Associates, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2419953
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