1001 Julia St APT 9GNew OrleansLA70113
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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 1001 Julia St APT 9G, New Orleans, LA, 70113 listed at $500,000 pairs $3,295/mo rent with a $2,447/mo payment to leave $198/mo cash flow. Total monthly income runs $3,295/mo, and annual cash flow reaches $2,376/yr on $165,750 cash to close. Return on cash invested measures 21.34% in year one, and rental yield registers 7.91% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 110.52% and total cumulative return in cash totals $183,188. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,295/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2018
239.58 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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Listed by: John Sibley • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls ID: #2501918