4115 Clermont DrNew OrleansLA70122
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 New Orleans at 4115 Clermont Dr, New Orleans, LA, 70122 at $265,000 posts ROI 22.4% with $183/mo cash flow from $1,824/mo rent. Total monthly income equals $1,824/mo, and annual cash flow records $2,190/yr on $87,848 to close. Return on cash invested measures 22.4% and rental yield reads 8.26% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 116.24% and total cumulative return in cash totals $102,111.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,824/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Tangie Stephens • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls ID: #2515141