4624 Wright RdNew OrleansLA70128
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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 4624 Wright Rd, New Orleans, LA, 70128 uses $54,698 cash to close to unlock $2,814/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,257/mo, and a $808/mo payment keeps the spread at $235/mo. Purchase price stands at $165,000, and rental yield measures 9.14% with $1,257/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 130.49% and total cumulative return in cash records $71,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,257/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1970
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70128, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,460 (59.6%) |
| Renter Occupied HU | 2,241 (30.0%) |
| Vacant Housing Units | 779 (10.4%) |
| Median Home Value | $242,435 |
| Average Home Value | $291,626 |
Housing Distribution
Address Breakdown
Residential
7,332
Single Family
6,256
Multi-Family
1,076
Businesses
144
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Listed by: Rickey Bolton Jr. • Service 1st Real Estate
Mls Name: GSREIN
Mls ID: #2500615