1216-18 Gordon StNew OrleansLA70117
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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 1216-18 Gordon St, New Orleans, LA, 70117 offers a 10.14% rental yield on a $385,900 purchase with $3,261/mo rent. Total monthly income registers $3,261/mo, and a $1,889/mo payment leaves $870/mo available for distribution. Annual cash flow reaches $10,444/yr on $127,926 to close, and return on cash invested stands at 28.07% in year one. Equity gained on principal adds $2,490/yr while 5% annual appreciation supports $106,617 over five years. Portfolio math shows five-year ROI at 146.65% and total cumulative return in cash at $187,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,261/mo property income against a $1,889/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2021
3,188 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: Ronald Ward • Ronald Ward Real Estate
Mls Name: GSREIN
Mls Provider:
Mls ID: #2513385
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.