1416 Bourbon St APT 5New 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
Rental property for sale in New Orleans at 1416 Bourbon St APT 5, New Orleans, LA, 70116 generates $2,896/mo in rent and, after a $1,865/mo payment, leaves $223/mo in cash flow. Total monthly income is $2,896/mo, and annual cash flow is $2,681/yr on $126,335 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 9.12% on a $381,100 entry. Equity gained on principal adds $2,459/yr, while 5% annual appreciation builds toward $105,291 over five years. Five-year ROI reaches 115.31% and total cumulative return in cash sums $145,678. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Condo
Built in N/A
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: N/A • N/A
Mls Name: GSREIN
Mls ID: #2454243