309 Sophia StRiver 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
Rental property for sale in River Ridge at 309 Sophia St, River Ridge, LA, 70123 offers $1,653/mo rent that, after a $1,174/mo payment, leaves $167/mo cash flow. Total monthly income is $1,653/mo, and annual cash flow is $2,006/yr on $79,527 cash. Return on cash invested measures 22.43% in year one, and rental yield stands at 8.27% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 116.44% and total cumulative return in cash reaches $92,599. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,653/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,324 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: Trey Miley • 1 Percent Lists Legacy
Mls Name: GSREIN
Mls ID: #2532031