5531 New England DrNew OrleansLA70129
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 5531 New England Dr, New Orleans, LA, 70129 uses $46,410 cash to close to unlock $1,844/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,061/mo, and a $685/mo payment keeps the spread at $154/mo. Purchase price stands at $140,000, and rental yield measures 9.09% with $1,061/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 124.57% and total cumulative return in cash records $57,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,061/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1987
5,610 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deonnice Murphy • Key Turner Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2509539
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.