1201 Canal St APT 474New 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 474, New Orleans, LA, 70112 earns from $1,512/mo rent with a $1,052/mo payment. Total monthly income totals $1,512/mo. ROI tracks 12.04% on current figures, and rental yield reads 8.44% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 64.62% and total cumulative return in cash sums $46,057. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,512/mo property income instead of your personal income.
Condo
Built in 1944
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: Philip Ewbank • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2483085
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