1005 Race StNew OrleansLA70130
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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 1005 Race St, New Orleans, LA, 70130 offers $2,171/mo rent that, after a $3,401/mo payment. Total monthly income is $2,171/mo. Return on cash invested measures 8.86% in year one, and rental yield stands at 3.75% at a $694,800 entry. Equity gained on principal adds $4,483/yr while 5% annual appreciation compounds into $191,960 by year five. Five-year ROI records 43.57% and total cumulative return in cash reaches $99,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,171/mo property income versus a $3,401/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1871
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: N/A • N/A
Mls Name: Latter and Blum
Mls ID: #2496308