717 Park Ridge DrRiver RidgeLA70123
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 River Ridge at 717 Park Ridge Dr, River Ridge, LA, 70123 at $339,900 posts ROI 25.66% with $540/mo cash flow from $2,646/mo rent. Total monthly income equals $2,646/mo, and annual cash flow records $6,482/yr on $112,677 to close. Return on cash invested measures 25.66% and rental yield reads 9.34% at the current $339,900. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 by year five. Five-year ROI prints 133.73% and total cumulative return in cash totals $150,683.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,646/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
5,500 sqft 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: Gerri Delatte • Crescent Sotheby's International Realty
Mls Name: GSREIN
Mls ID: #2533715