7918 Sheephead StNew OrleansLA70126
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 7918 Sheephead St, New Orleans, LA, 70126 in New Orleans is narrow, $196/mo net on $1,528/mo rent after the $1,019/mo debt service, but the property operates at break-even-plus, not a loss. At $215,000 with a 8.53% yield, the long-run equity case via 5% appreciation ($59,401 over five years) and $1,802/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.50 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $90,139.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.2% |
| Monthly Cash Flow | $196 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,528 |
| Total Monthly Debt Service | $1,299 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
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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
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Listed by: N/A • N/A
Mls Name: GSREIN
Mls Provider:
Mls ID: #2575829
