13118 Lemans StNew OrleansLA70129
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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 13118 Lemans St, New Orleans, LA, 70129 earns $264/mo cash flow from $1,255/mo rent with a $783/mo payment. Total monthly income totals $1,255/mo, and annual cash flow totals $3,168/yr on $53,040 capital. ROI tracks 25.88% on current figures, and rental yield reads 9.41% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash sums $71,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,255/mo property income instead of your personal income.
Single Family
Built in 1975
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
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Listed by: CELESTE JEANMARIE • Real Broker, LLC
Mls Name: GSREIN
Mls ID: #2534068