537 Huntlee DrNew OrleansLA70131
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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 537 Huntlee Dr, New Orleans, LA, 70131 offers $1,730/mo rent that, after a $1,221/mo payment, leaves $185/mo cash flow. Total monthly income is $1,730/mo, and annual cash flow is $2,216/yr on $82,709 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 8.32% at a $249,500 entry. Equity gained on principal adds $1,610/yr while 5% annual appreciation compounds into $68,932 by year five. Five-year ROI records 117.23% and total cumulative return in cash reaches $96,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,730/mo property income versus a $1,221/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
5,995 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Nearby investment properties with comparable prices
Listed by: Terrence Davis • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2530436