2644 Ramsey DrNew OrleansLA70131
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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 New Orleans at 2644 Ramsey Dr, New Orleans, LA, 70131 priced at $289,800 pairs $2,070/mo rent with $170/mo cash flow after a $1,418/mo payment. Total monthly income equals $2,070/mo, and annual cash flow comes to $2,040/yr on $96,069 invested. Return on cash invested is 22.03% in year one, and rental yield stands at 8.57% on a $289,800 basis. Equity gained on principal adds $1,870/yr, and 5% annual appreciation accumulates to $80,066 by year five. Five-year ROI measures 114.68% and total cumulative return in cash reaches $110,173. For financing, Ziffy Mortgage’s DSCR program evaluates $2,070/mo property income against a $1,418/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
7,665 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Joyce Guidroz • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2519774
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.