1264 Foy StNew OrleansLA70122
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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 1264 Foy St, New Orleans, LA, 70122 offers a 10.18% rental yield on a $213,900 purchase with $1,814/mo rent. Total monthly income registers $1,814/mo, and a $1,047/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,867/yr on $70,908 to close, and return on cash invested stands at 28.18% in year one. Equity gained on principal adds $1,380/yr while 5% annual appreciation supports $59,097 over five years. Portfolio math shows five-year ROI at 147.21% and total cumulative return in cash at $104,380. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,814/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Ruth Maxwell • Realty Executives SELA
Mls Name: GSREIN
Mls ID: #2530897