2866 Steamship Cir APT 3ARiver RidgeLA70123
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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 River Ridge at 2866 Steamship Cir APT 3A, River Ridge, LA, 70123 offers a 9.14% rental yield on a $135,000 purchase with $1,028/mo rent. Total monthly income registers $1,028/mo, and a $661/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,298/yr on $44,753 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 130.45% and total cumulative return in cash at $58,381. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,028/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: Walthin Cardwell • Matchbox Real Estate
Mls Name: ROAM MLS
Mls ID: #2025017971