24 Lake Breeze Dr #24New 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 24 Lake Breeze Dr #24, New Orleans, LA, 70129 offers a 11.86% rental yield on a $170,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $832/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,524/yr on $56,355 to close, and return on cash invested stands at 33.26% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 174.45% and total cumulative return in cash at $98,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No 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: Chris Smith • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2519222