1231 Gallier StNew OrleansLA70117
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
Investment property for sale in New Orleans at 1231 Gallier St, New Orleans, LA, 70117 uses $72,599 cash to close to unlock $4,048/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $1,072/mo payment keeps the spread at $337/mo. Purchase price stands at $219,000, and rental yield measures 9.28% with $1,694/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 132.79% and total cumulative return in cash records $96,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1945
3,314 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Pennebaker • FMP & Associates
Mls Name: GSREIN
Mls ID: #2533654