312 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 312 Sophia St, River Ridge, LA, 70123 offers $2,580/mo rent that, after a $1,552/mo payment, leaves $616/mo cash flow. Total monthly income is $2,580/mo, and annual cash flow is $7,391/yr on $105,086 cash. Return on cash invested measures 26.94% in year one, and rental yield stands at 9.77% at a $317,000 entry. Equity gained on principal adds $2,046/yr while 5% annual appreciation compounds into $87,581 by year five. Five-year ROI records 140.56% and total cumulative return in cash reaches $147,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,580/mo property income versus a $1,552/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
5,562 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: Robin Lamarque • Lamarque Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490964
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.