313 Diane AveRiver 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 313 Diane Ave, River Ridge, LA, 70123 priced at $207,000 pairs $1,433/mo rent with $151/mo cash flow after a $1,013/mo payment. Total monthly income equals $1,433/mo, and annual cash flow comes to $1,811/yr on $68,621 invested. Return on cash invested is 22.55% in year one, and rental yield stands at 8.31% on a $207,000 basis. Equity gained on principal adds $1,336/yr, and 5% annual appreciation accumulates to $57,190 by year five. Five-year ROI measures 116.99% and total cumulative return in cash reaches $80,278. For financing, Ziffy Mortgage’s DSCR program evaluates $1,433/mo property income against a $1,013/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,820 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: Michael Bono • Bono Realty, Inc.
Mls Name: GSREIN
Mls ID: #2517193