1201 Canal St APT 424New OrleansLA70112
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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 1201 Canal St APT 424, New Orleans, LA, 70112 uses $62,654 cash to close to unlock $8,224/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $925/mo payment keeps the spread at $685/mo. Purchase price stands at $189,000, and rental yield measures 11.78% with $1,856/mo rent. Return on cash invested shows 33.03% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 173.29% and total cumulative return in cash records $108,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1903
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: Michael Wilkinson • FQR Realtors
Mls Name: GSREIN
Mls ID: #2525294