129 Stewart AveNew OrleansLA70123
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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
Rental property for sale in New Orleans at 129 Stewart Ave, New Orleans, LA, 70123 generates $2,580/mo in rent and, after a $1,449/mo payment, leaves $746/mo in cash flow. Total monthly income is $2,580/mo, and annual cash flow is $8,954/yr on $98,124 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 10.46% on a $296,000 entry. Equity gained on principal adds $1,910/yr, while 5% annual appreciation builds toward $81,779 over five years. Five-year ROI reaches 151.82% and total cumulative return in cash sums $148,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,580/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: Lynne Mire • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490663
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.