1309 Independence StNew OrleansLA70117
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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 1309 Independence St, New Orleans, LA, 70117 earns $1,605/mo cash flow from $2,413/mo rent with a $579/mo payment. Total monthly income totals $2,413/mo, and annual cash flow totals $19,263/yr on $39,216 capital. ROI tracks 69.03% on current figures, and rental yield reads 24.48% at a $118,300 purchase. Equity gained on principal adds $763/yr, and 5% annual appreciation supports $32,684 over five years. Five-year ROI reaches 367.17% and total cumulative return in cash sums $143,989. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,413/mo property income instead of your personal income.
Single Family
Built in 1955
2,470 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
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Listed by: N/A • N/A
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