4897 Cerise AveNew OrleansLA70127
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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 4897 Cerise Ave, New Orleans, LA, 70127 uses $56,024 cash to close to unlock $3,712/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $827/mo payment keeps the spread at $309/mo. Purchase price stands at $169,000, and rental yield measures 9.63% with $1,356/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 138.43% and total cumulative return in cash records $77,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1972
5,453 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70127, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 4,382 (42.1%) |
| Renter Occupied HU | 5,014 (48.2%) |
| Vacant Housing Units | 1,015 ( 9.7%) |
| Median Home Value | $218,265 |
| Average Home Value | $295,266 |
Housing Distribution
Address Breakdown
Residential
10,378
Single Family
7,539
Multi-Family
2,839
Businesses
643
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Listed by: Nichell Thompson • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2516810