3915 Mimosa DrNew 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 3915 Mimosa Dr, New Orleans, LA, 70131 offers a 8.29% rental yield on a $252,000 purchase with $1,741/mo rent. Total monthly income registers $1,741/mo, and a $1,233/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,985/yr on $83,538 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $1,626/yr while 5% annual appreciation supports $69,623 over five years. Portfolio math shows five-year ROI at 115.7% and total cumulative return in cash at $96,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,741/mo property income against a $1,233/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,040 sqft lot
$N/A/sqft
$180 annually 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: Ericka Turner • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473468
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