122 Bragg StNew OrleansLA70124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in New Orleans at 122 Bragg St, New Orleans, LA, 70124 priced at $355,000 converts $2,750/mo rent into $551/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,750/mo, and annual cash flow totals $6,606/yr on $117,683 invested. Return on cash invested prints 25.52% in year one, and rental yield reads 9.3% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 132.97% and total cumulative return in cash sums $156,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,750/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Multi Family
Built in 1970
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Hebert • Engel & Vlkers New Orleans
Mls Name: GSREIN
Mls ID: #2533638