363 Walter RdRiver RidgeLA70123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 363 Walter Rd, River Ridge, LA, 70123 earns from $5,443/mo rent with a $7,831/mo payment. Total monthly income totals $5,443/mo. ROI tracks 10.03% on current figures, and rental yield reads 4.08% at a $1,600,000 purchase. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 over five years. Five-year ROI reaches 49.76% and total cumulative return in cash sums $257,943. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,443/mo property income instead of your personal income.
Single Family
Built in 2007
0.43 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Helwig • RE/MAX Living
Mls Name: GSREIN
Mls ID: #2537743