668 Oak AveHarahanLA70123
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
Rental property for sale in Harahan at 668 Oak Ave, Harahan, LA, 70123 offers $2,580/mo rent that, after a $2,114/mo payment. Total monthly income is $2,580/mo. Return on cash invested measures 19.11% in year one, and rental yield stands at 7.17% at a $432,000 entry. Equity gained on principal adds $2,788/yr while 5% annual appreciation compounds into $119,354 by year five. Five-year ROI records 98.56% and total cumulative return in cash reaches $141,151. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,580/mo property income versus a $2,114/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
0.41 Acres 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: Sidonia Dufrene • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2441746
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