7231 Mayo RdNew OrleansLA70126
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $220,000, 7231 Mayo Rd, New Orleans, LA, 70126 in New Orleans generates $1,513/mo in rent (8.3% yield) but nets only $6/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.53) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $60,782. Total projected return: $91,598.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.2% |
| Monthly Cash Flow | $6 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,513 |
| Total Monthly Debt Service | $1,300 |
| DSCR Ratio | 1.16x |
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 1978
7,200 sqft lot
$N/A/sqft
$300 annually 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
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 1978
7,200 sqft lot
$N/A/sqft
$300 annually 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: Tony Bertucci • NOLA Living Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2495421
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.