1301 Mandolin 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 1301 Mandolin St, New Orleans, LA, 70122 with 5% annual appreciation on a $199,500 basis while $1,564/mo rent supports operations. Total monthly income totals $1,564/mo and a $976/mo payment preserves $329/mo for cash returns. Annual cash flow comes to $3,944/yr on $66,134 deployed, and return on cash invested reaches 25.87% in year one. Equity gained on principal adds $1,287/yr, and five-year appreciation sums $55,118 alongside rental yield of 9.41%. Five-year ROI measures 134.85% and total cumulative return in cash totals $89,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,564/mo property income versus a $976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
5,401 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: Reginald Winfield • Windfeel Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2024013790
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