7200 Claridge CtNew OrleansLA70127
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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 New Orleans at 7200 Claridge Ct, New Orleans, LA, 70127 offers $1,329/mo rent that, after a $857/mo payment, leaves $245/mo cash flow. Total monthly income is $1,329/mo, and annual cash flow is $2,934/yr on $58,013 cash. Return on cash invested measures 24.97% in year one, and rental yield stands at 9.11% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 130.02% and total cumulative return in cash reaches $75,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,329/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70127, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 4,382 (42.1%) |
| Renter Occupied HU | 5,014 (48.2%) |
| Vacant Housing Units | 1,015 ( 9.7%) |
| Median Home Value | $218,265 |
| Average Home Value | $295,266 |
Housing Distribution
Address Breakdown
Residential
10,378
Single Family
7,539
Multi-Family
2,839
Businesses
643
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Listed by: Christian Perez • Star Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481985
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