1115 Prytania St #101New 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 1115 Prytania St #101, New Orleans, LA, 70130 offers a 13.71% rental yield on a $274,000 purchase with $3,130/mo rent. Total monthly income registers $3,130/mo, and a $1,341/mo payment leaves $1,433/mo available for distribution. Annual cash flow reaches $17,194/yr on $90,831 to close, and return on cash invested stands at 38.84% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 204.36% and total cumulative return in cash at $185,625. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,130/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1842
N/A 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: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #2466503