7630 Burke AveNew OrleansLA70127
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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 New Orleans at 7630 Burke Ave, New Orleans, LA, 70127 offers a 9.59% rental yield on a $189,000 purchase with $1,510/mo rent. Total monthly income registers $1,510/mo, and a $925/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,072/yr on $62,654 to close, and return on cash invested stands at 26.41% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 137.76% and total cumulative return in cash at $86,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,510/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
7,550 sqft 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: Jimmie McFarland • Powerhouse Realty Group
Mls Name: GSREIN
Mls ID: #2505641