1020 Terpsichore St APT ENew 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
Investment property for sale in New Orleans at 1020 Terpsichore St APT E, New Orleans, LA, 70130 at $199,900 posts ROI 17.6% with from $1,509/mo rent. Total monthly income equals $1,509/mo. Return on cash invested measures 17.6% and rental yield reads 9.06% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 93.12% and total cumulative return in cash totals $61,705. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,509/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1954
1,637 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 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: Sarah Aucoin • CBTEC MAGAZINE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2520066
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.