5134 Gallier DrNew OrleansLA70126
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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 New Orleans at 5134 Gallier Dr, New Orleans, LA, 70126 priced at $345,500 pairs $2,400/mo rent with $260/mo cash flow after a $1,691/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $3,118/yr on $114,533 invested. Return on cash invested is 22.63% in year one, and rental yield stands at 8.34% on a $345,500 basis. Equity gained on principal adds $2,229/yr, and 5% annual appreciation accumulates to $95,455 by year five. Five-year ROI measures 117.44% and total cumulative return in cash reaches $134,513. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,691/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
6,305 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
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Listed by: Shontel Gremillion • Southern Real Estate Professionals, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2474441
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