832 S Clearview Pkwy APT 512River RidgeLA70123
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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 River Ridge at 832 S Clearview Pkwy APT 512, River Ridge, LA, 70123 uses $56,322 cash to close to unlock $4,166/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $832/mo payment keeps the spread at $347/mo. Purchase price stands at $169,900, and rental yield measures 11.98% with $1,696/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 144.86% and total cumulative return in cash records $81,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: Rebecca Weber • RE/MAX Living
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490788
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.