7710 Wave DrNew OrleansLA70128
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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 7710 Wave Dr, New Orleans, LA, 70128 offers a 9.24% rental yield on a $139,900 purchase with $1,077/mo rent. Total monthly income registers $1,077/mo, and a $685/mo payment leaves $210/mo available for distribution. Annual cash flow reaches $2,522/yr on $46,377 to close, and return on cash invested stands at 25.35% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 132.12% and total cumulative return in cash at $61,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,077/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70128, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,460 (59.6%) |
| Renter Occupied HU | 2,241 (30.0%) |
| Vacant Housing Units | 779 (10.4%) |
| Median Home Value | $242,435 |
| Average Home Value | $291,626 |
Housing Distribution
Address Breakdown
Residential
7,332
Single Family
6,256
Multi-Family
1,076
Businesses
144
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Listed by: B. J. Murphey • LATTER & BLUM (LATT14)
Mls Name: GSREIN
Mls ID: #2517900