5646 Hawthorne PlNew OrleansLA70124
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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 5646 Hawthorne Pl, New Orleans, LA, 70124 offers $2,340/mo rent that, after a $2,261/mo payment. Total monthly income is $2,340/mo. Return on cash invested measures 15.82% in year one, and rental yield stands at 6.08% at a $462,000 entry. Equity gained on principal adds $2,981/yr while 5% annual appreciation compounds into $127,642 by year five. Five-year ROI records 80.94% and total cumulative return in cash reaches $123,965. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $2,261/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
3,223 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Gary Lazarus • RE/MAX N.O. Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2475227
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