6748 Pontchartrain BlvdNew 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 6748 Pontchartrain Blvd, New Orleans, LA, 70124 at $390,000 posts ROI 24.45% with $489/mo cash flow from $2,905/mo rent. Total monthly income equals $2,905/mo, and annual cash flow records $5,868/yr on $129,285 to close. Return on cash invested measures 24.45% and rental yield reads 8.94% at the current $390,000. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 by year five. Five-year ROI prints 127.19% and total cumulative return in cash totals $164,432.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,905/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
5,998 sqft 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: GiGi Burk • Burk Brokerage, LLC
Mls Name: Greater Southern MLS
Mls ID: #NAB24007298