1111 S Peters St APT 210, New Orleans, LA, 70130 | $607/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1111 S Peters St APT 210, New Orleans, LA, 70130 | $607/mo Cash Flow | Ziffy

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

Investment property for sale in New Orleans at 1111 S Peters St APT 210, New Orleans, LA, 70130 uses $64,643 cash to close to unlock $7,278/yr annual cash flow and $607/mo monthly cash flow. Total monthly income runs $1,814/mo, and a $954/mo payment keeps the spread at $607/mo. Purchase price stands at $195,000, and rental yield measures 11.16% with $1,814/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 163.25% and total cumulative return in cash records $105,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,814/mo property income covering a $954/mo payment rather than investor’s personal income.

Condo

Built in 1921

696.96 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this light-filled 1-bedroom, 1-bath condo located in the historic The Bakery building in New Orleans vibrant Warehouse District. Built in 1920 and converted into condominiums, the building offers a blend of historic New Orleans character and easy access to all the delciious food and fun we are known for! Step inside to discover a quiet, cozy unit featuring a full galley kitchen with stainless appliances and granite countertops, in-unit washer/dryer, and gorgeous original windows that pour in natural light and frame views of the bustling CBD. Located on the second floor (with an elevator) for ease of access, this home is ideally situated for New Orleans Living. You'll be minutes from the French Quarter, Superdome, award-winning museums, fine dining, arts & entertainment venues, and public transit options. Full amenities include a BRAND NEW swimming pool (under construction) that you'll find on the rooftop deck, a fitness center and OFF-STREET GATED PARKING! Dont miss your chance to own a slice of New Orleans history that's updated, move-in ready, and convienient to whatever adventure awaits you in the Big Easy!

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