6032 Wingate Dr, New Orleans, LA, 70122 | 7.08% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,160/mo, and a $1,791/mo payment. Purchase price stands at $366,000, and rental yield measures 7.08% with $2,160/mo rent. Return on cash invested shows 18.85% in year one, and 5% annual appreciation builds toward $101,119 over five years. Five-year ROI reaches 97.22% and total cumulative return in cash records $117,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,791/mo payment rather than investor’s personal income.

Single Family

Built in 2025

4,600 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,874 (100%)
Owner Occupied HU	9,079 (53.8%)
Renter Occupied HU	6,021 (35.7%)
Vacant Housing Units	1,774 (10.5%)
Median Home Value	$292,225
Average Home Value	$345,976