1022 Toulouse St UNIT PC 3 PC 3New OrleansLA70112
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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 UNIT PC 3 PC 3, New Orleans, LA, 70112 offers a 6.8% rental yield on a $337,000 purchase with $1,909/mo rent. Equity gained on principal adds $2,175/yr while 5% annual appreciation supports $93,107 over five years. Portfolio math shows five-year ROI at 92.59% and total cumulative return in cash at $103,440. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,909/mo property income against a $1,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A 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
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Listed by: Kurt Brodtmann • Preferred, REALTORSA
Mls Name: BHHS broker feed
Mls ID: #2533220