1015 Governor Nicholls St APT 2New OrleansLA70116
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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 1015 Governor Nicholls St APT 2, New Orleans, LA, 70116 listed at $362,000 pairs $2,191/mo rent with a $1,772/mo payment. Total monthly income runs $2,191/mo. Return on cash invested measures 14.39% in year one, and rental yield registers 7.26% at a $362,000 basis. Equity gained on principal adds $2,336/yr, and annual property appreciation at 5% supports $100,014 by year five. Five-year ROI tracks 75.1% and total cumulative return in cash totals $90,121. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,191/mo property income relative to a $1,772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1884
984.46 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Misty Woods • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492903
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