9037 Inez DrRiver 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 9037 Inez Dr, River Ridge, LA, 70123 uses $107,738 cash to close to unlock $8,598/yr annual cash flow and $717/mo monthly cash flow. Total monthly income runs $2,730/mo, and a $1,591/mo payment keeps the spread at $717/mo. Purchase price stands at $325,000, and rental yield measures 10.08% with $2,730/mo rent. Return on cash invested shows 27.89% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 145.67% and total cumulative return in cash records $156,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,730/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1960
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: Stacey Thibodeaux • Realty One Group Immobilia
Mls Name: GSREIN
Mls ID: #2537332