6562 Bellaire DrNew OrleansLA70124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6562 Bellaire Dr, New Orleans, LA, 70124 at $592,400 posts ROI 31.25% with $1,817/mo cash flow from $5,663/mo rent. Total monthly income equals $5,663/mo, and annual cash flow records $21,800/yr on $194,900 to close. Return on cash invested measures 31.25% and rental yield reads 11.47% at the current $592,400. Equity gained on principal adds $3,823/yr, and 5% annual appreciation supports $163,669 by year five. Five-year ROI prints 164% and total cumulative return in cash totals $319,634.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,663/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
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: #2469138