407 Dodge AveJeffersonLA70121
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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 Jefferson at 407 Dodge Ave, Jefferson, LA, 70121 priced at $185,000 converts $1,420/mo rent into $275/mo cash flow after a $905/mo obligation. Total monthly income equals $1,420/mo, and annual cash flow totals $3,294/yr on $61,328 invested. Return on cash invested prints 25.28% in year one, and rental yield reads 9.21% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 131.67% and total cumulative return in cash sums $80,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,420/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
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