605 Wilker Neal AveNew OrleansLA70123
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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 605 Wilker Neal Ave, New Orleans, LA, 70123 offers $1,916/mo rent that, after a $905/mo payment, leaves $771/mo cash flow. Total monthly income is $1,916/mo, and annual cash flow is $9,246/yr on $61,328 cash. Return on cash invested measures 34.99% in year one, and rental yield stands at 12.43% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 183.72% and total cumulative return in cash reaches $112,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,916/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: Mathew Laborde SIOR CCIM • Elifin Realty
Mls Name: ROAM MLS
Mls ID: #2024003732