1201 Canal St APT 653New 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
Total monthly income runs $2,527/mo, and a $5,869/mo payment. Purchase price stands at $1,199,000, and rental yield measures 2.53% with $2,527/mo rent. Return on cash invested shows -2.79% in year one, and 5% annual appreciation builds toward $331,262 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,527/mo property income covering a $5,869/mo payment rather than investor’s personal income.
Condo
Built in 1912
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: Brittany Picolo • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2479772
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