1329 Music 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 1329 Music St, New Orleans, LA, 70117 uses $33,150 cash to close to unlock $1,788/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $768/mo, and a $489/mo payment keeps the spread at $149/mo. Purchase price stands at $100,000, and rental yield measures 9.22% with $768/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash records $43,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $768/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1941
2,761 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: Brittany Picolo • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2479777
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