3 Mary Ridge CtRiver 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 3 Mary Ridge Ct, River Ridge, LA, 70123 at $414,000 posts ROI 24.77% with $556/mo cash flow from $3,120/mo rent. Total monthly income equals $3,120/mo, and annual cash flow records $6,670/yr on $137,241 to close. Return on cash invested measures 24.77% and rental yield reads 9.04% at the current $414,000. Equity gained on principal adds $2,671/yr, and 5% annual appreciation supports $114,381 by year five. Five-year ROI prints 128.9% and total cumulative return in cash totals $176,899.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,120/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
7,627 sqft 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: April Brown • Hospitality Realty
Mls Name: GSREIN
Mls ID: #2521439