7520 Horizon DrNew OrleansLA70129
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
Rental property for sale in New Orleans at 7520 Horizon Dr, New Orleans, LA, 70129 priced at $155,000 converts $1,200/mo rent into $240/mo cash flow after a $759/mo obligation. Total monthly income equals $1,200/mo, and annual cash flow totals $2,874/yr on $51,383 invested. Return on cash invested prints 25.5% in year one, and rental yield reads 9.29% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 132.87% and total cumulative return in cash sums $68,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1990
5,954 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arrianne Duhon • Duhon Realty LLC
Mls Name: GSREIN
Mls ID: #2536853