6020 Orleans AveNew 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
Investment property for sale in New Orleans at 6020 Orleans Ave, New Orleans, LA, 70124 listed at $312,100 pairs $3,086/mo rent with a $1,528/mo payment to leave $975/mo cash flow. Total monthly income runs $3,086/mo, and annual cash flow reaches $11,702/yr on $103,461 cash to close. Return on cash invested measures 31.22% in year one, and rental yield registers 11.87% at a $312,100 basis. Equity gained on principal adds $2,014/yr, and annual property appreciation at 5% supports $86,227 by year five. Five-year ROI tracks 164.29% and total cumulative return in cash totals $169,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,086/mo property income relative to a $1,528/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSREIN
Mls ID: #2520238