1013 Race St, New Orleans, LA, 70130 | 3.96% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $6,600/mo, and a $9,779/mo payment. Purchase price stands at $1,998,000, and rental yield measures 3.96% with $6,600/mo rent. Return on cash invested shows 9.66% in year one, and 5% annual appreciation builds toward $552,011 over five years. Five-year ROI reaches 47.8% and total cumulative return in cash records $309,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $9,779/mo payment rather than investor’s personal income.

Single Family

Built in 1860

5,985 sqft 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