8007 Drum StNew OrleansLA70126
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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 8007 Drum St, New Orleans, LA, 70126 generates $1,010/mo in rent and, after a $636/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,010/mo, and annual cash flow is $2,012/yr on $43,062 invested. Return on cash invested sits at 24.58% in year one, and rental yield is 9.33% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 128.32% and total cumulative return in cash sums $55,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
6,000 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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Listed by: Rhonda Maestri • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507568
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.