6931 Morrison RdNew OrleansLA70126
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 6931 Morrison Rd, New Orleans, LA, 70126 at $232,000 posts ROI 21.62% with $109/mo cash flow from $1,547/mo rent. Total monthly income equals $1,547/mo, and annual cash flow records $1,313/yr on $76,908 to close. Return on cash invested measures 21.62% and rental yield reads 8% at the current $232,000. Equity gained on principal adds $1,497/yr, and 5% annual appreciation supports $64,097 by year five. Five-year ROI prints 112.03% and total cumulative return in cash totals $86,159.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,547/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
6,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Wells-Guidry • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2450656
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