71 Neron PlNew OrleansLA70118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 71 Neron Pl, New Orleans, LA, 70118 in New Orleans deserves attention. This $860,000 property earns $8,160/mo in rent, a 11.39% gross yield, and nets $2,833/mo after the $3,867/mo payment. DSCR 2.11 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $237,602 compounds alongside $7,921/yr in yearly equity build, for a total cumulative return of $508,398.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 5.2% |
| Monthly Cash Flow | $2,833 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,160 |
| Total Monthly Debt Service | $4,985 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
5,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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
Single Family
Built in 1915
5,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Winters • Compass Metro (LATT01)
Mls Name: GSREIN
Mls ID: #2520674