5530 Holley LnNew 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
Investment property for sale in New Orleans at 5530 Holley Ln, New Orleans, LA, 70126 uses $74,588 cash to close to unlock $2,382/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,592/mo, and a $1,101/mo payment keeps the spread at $199/mo. Purchase price stands at $225,000, and rental yield measures 8.49% with $1,592/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 120% and total cumulative return in cash records $89,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,592/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1980
5,720 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa McClendon • Nola Home Realty Group
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484583
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. [Click here for more information](/info/mls-disclaimers/#mls_250)