620 River Oaks DrNew 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
Rental property for sale in New Orleans at 620 River Oaks Dr, New Orleans, LA, 70131 offers $2,323/mo rent that, after a $1,282/mo payment, leaves $681/mo cash flow. Total monthly income is $2,323/mo, and annual cash flow is $8,174/yr on $86,853 cash. Return on cash invested measures 29.32% in year one, and rental yield stands at 10.64% at a $262,000 entry. Equity gained on principal adds $1,691/yr while 5% annual appreciation compounds into $72,386 by year five. Five-year ROI records 153.46% and total cumulative return in cash reaches $133,281. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,323/mo property income versus a $1,282/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
5,501 sqft 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: Brittany Auzenne • LATTER & BLUM (LATT07)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2517308
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.