5944 General Haig StNew 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 5944 General Haig St, New Orleans, LA, 70124 priced at $1,249,000 converts $3,840/mo rent into after a $6,113/mo obligation. Total monthly income equals $3,840/mo. Return on cash invested prints 8.81% in year one, and rental yield reads 3.69% against a $1,249,000 entry. Equity gained on principal adds $8,060/yr, while 5% annual appreciation compiles into $345,076 by year five. Five-year ROI reaches 43.26% and total cumulative return in cash sums $175,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $6,113/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,250 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: David Claus • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls Provider:
Mls ID: #2494288
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.