400 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
Investment property for sale in River Ridge at 400 Sophia St, River Ridge, LA, 70123 earns $544/mo cash flow from $2,680/mo rent with a $1,688/mo payment. Total monthly income totals $2,680/mo, and annual cash flow totals $6,524/yr on $114,334 capital. ROI tracks 25.61% on current figures, and rental yield reads 9.32% at a $344,900 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,290 over five years. Five-year ROI reaches 133.45% and total cumulative return in cash sums $152,577. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,680/mo property income instead of your personal income.
Single Family
Built in 1961
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: Mary Dominach • Mirambell Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2500648
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.