1128-30 N Roman StNew OrleansLA70116
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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 1128-30 N Roman St, New Orleans, LA, 70116 listed at $250,000 pairs $1,844/mo rent with a $1,224/mo payment to leave $295/mo cash flow. Total monthly income runs $1,844/mo, and annual cash flow reaches $3,540/yr on $82,875 cash to close. Return on cash invested measures 24.18% in year one, and rental yield registers 8.85% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 125.74% and total cumulative return in cash totals $104,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,844/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1906
1,809 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Ryan Achee • Mirambell Realty
Mls Name: GSREIN
Mls ID: #2535188