7830 Wave DrNew OrleansLA70128
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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
Investment property for sale in New Orleans at 7830 Wave Dr, New Orleans, LA, 70128 listed at $165,000 pairs $1,323/mo rent with a $808/mo payment to leave $301/mo cash flow. Total monthly income runs $1,323/mo, and annual cash flow reaches $3,606/yr on $54,698 cash to close. Return on cash invested measures 26.5% in year one, and rental yield registers 9.62% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 138.24% and total cumulative return in cash totals $75,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,323/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
5,766 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: Jermaine Clark • Homesmart Realty South
Mls Name: GSREIN
Mls ID: #2523569