3620 Rue ReneeNew OrleansLA70131
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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 New Orleans at 3620 Rue Renee, New Orleans, LA, 70131 with 5% annual appreciation on a $259,900 basis while $1,765/mo rent supports operations. Total monthly income totals $1,765/mo and a $1,272/mo payment preserves $155/mo for cash returns. Annual cash flow comes to $1,862/yr on $86,157 deployed, and return on cash invested reaches 22.07% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 8.15%. Five-year ROI measures 114.49% and total cumulative return in cash totals $98,638.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,765/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Linh Phuong • People's Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2444811
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