7700 Symmes AveNew 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 7700 Symmes Ave, New Orleans, LA, 70127 priced at $180,000 converts $1,367/mo rent into $252/mo cash flow after a $881/mo obligation. Total monthly income equals $1,367/mo, and annual cash flow totals $3,024/yr on $59,670 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.11% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 130.02% and total cumulative return in cash sums $77,585. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,367/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1978
6,000 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: Rene' Barney • R & B Nola Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470843
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