5222 Lakeview CtNew OrleansLA70126
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
Rental property for sale in New Orleans at 5222 Lakeview Ct, New Orleans, LA, 70126 offers $1,094/mo rent that, after a $710/mo payment, leaves $196/mo cash flow. Total monthly income is $1,094/mo, and annual cash flow is $2,346/yr on $48,068 cash. Return on cash invested measures 24.79% in year one, and rental yield stands at 9.05% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 129.06% and total cumulative return in cash reaches $62,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,094/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
2,029 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: Amanda Broussard • Broussard Realty Pros
Mls Name: GSREIN
Mls ID: #2500510