1022 Toulouse St #PC-3New OrleansLA70112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1022 Toulouse St #PC-3, New Orleans, LA, 70112 earns from $1,883/mo rent with a $1,649/mo payment. Total monthly income totals $1,883/mo. ROI tracks 11.88% on current figures, and rental yield reads 6.71% at a $337,000 purchase. Equity gained on principal adds $2,175/yr, and 5% annual appreciation supports $93,107 over five years. Five-year ROI reaches 61.93% and total cumulative return in cash sums $69,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,883/mo property income instead of your personal income.
Condo
Built in 1980
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70112, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,224 (100%) |
| Owner Occupied HU | 298 ( 7.1%) |
| Renter Occupied HU | 2,643 (62.6%) |
| Vacant Housing Units | 1,283 (30.4%) |
| Median Home Value | $461,184 |
| Average Home Value | $568,541 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
1,551
Multi-Family
3,093
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kurt Brodtmann • Berkshire Hathaway HomeServices Preferred, REALTOR
Mls Name: GSREIN
Mls Provider:
Mls ID: #2533220
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.