635 Bengal RdRiver RidgeLA70123
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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 River Ridge at 635 Bengal Rd, River Ridge, LA, 70123 uses $77,903 cash to close to unlock $1,386/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $1,150/mo payment keeps the spread at $116/mo. Purchase price stands at $235,000, and rental yield measures 8.02% with $1,571/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 112.42% and total cumulative return in cash records $87,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1956
4,600 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: Judy Walker • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls ID: #2517378