1320-22 Feliciana 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 1320-22 Feliciana St, New Orleans, LA, 70117 uses $149,175 cash to close to unlock $8,844/yr annual cash flow and $737/mo monthly cash flow. Total monthly income runs $3,525/mo, and a $2,203/mo payment keeps the spread at $737/mo. Purchase price stands at $450,000, and rental yield measures 9.4% with $3,525/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 134.62% and total cumulative return in cash records $200,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,525/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
3,563 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: Katrice Tribble • Redfin Corporation
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492371
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.