1315 S Salcedo StNew OrleansLA70125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1315 S Salcedo St, New Orleans, LA, 70125 at $130,000 posts ROI 25.7% with $208/mo cash flow from $1,013/mo rent. Total monthly income equals $1,013/mo, and annual cash flow records $2,496/yr on $43,095 to close. Return on cash invested measures 25.7% and rental yield reads 9.35% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 133.86% and total cumulative return in cash totals $57,687.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,013/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
1,838 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70125, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,910 (100%) |
| Owner Occupied HU | 2,874 (36.3%) |
| Renter Occupied HU | 3,917 (49.5%) |
| Vacant Housing Units | 1,119 (14.1%) |
| Median Home Value | $453,545 |
| Average Home Value | $501,014 |
Housing Distribution
Address Breakdown
Residential
7,993
Single Family
7,494
Multi-Family
499
Businesses
596
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Listed by: Kyra Morris • KDM Real Estate Services, LLC
Mls Name: GSREIN
Mls ID: #2528152