5909 General Meyer AveNew OrleansLA70131
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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
Investment property for sale in New Orleans at 5909 General Meyer Ave, New Orleans, LA, 70131 uses $124,313 cash to close to unlock $6/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,835/mo payment keeps the spread at $1/mo. Purchase price stands at $375,000, and rental yield measures 7.43% with $2,323/mo rent. Return on cash invested shows 19.91% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 102.88% and total cumulative return in cash records $127,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.90 Acres 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: Leslie Heindel • Crescent City Living, LLC
Mls Name: GSREIN
Mls ID: #2525378