5400 Wimbledon CtNew OrleansLA70131
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 5400 Wimbledon Ct, New Orleans, LA, 70131 priced at $189,000 converts $1,422/mo rent into $251/mo cash flow after a $925/mo obligation. Total monthly income equals $1,422/mo, and annual cash flow totals $3,016/yr on $62,654 invested. Return on cash invested prints 24.72% in year one, and rental yield reads 9.03% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 128.72% and total cumulative return in cash sums $80,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,422/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1967
10,633 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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Listed by: Gary Ogle • Sound Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473334
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