1321 Chartres St #4New OrleansLA70116
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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 1321 Chartres St #4, New Orleans, LA, 70116 earns from $2,191/mo rent with a $4,106/mo payment. Total monthly income totals $2,191/mo. ROI tracks 1.99% on current figures, and rental yield reads 3.13% at a $839,000 purchase. Equity gained on principal adds $5,414/yr, and 5% annual appreciation supports $231,800 over five years. Five-year ROI reaches 8.56% and total cumulative return in cash sums $23,640. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,191/mo property income instead of your personal income.
Condo
Built in 1834
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Lauren Sutton • The W Group Real Estate LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2510234
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.