1418 Chartres St #ENew OrleansLA70116
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 1418 Chartres St #E, New Orleans, LA, 70116 in New Orleans is straightforward: $152,500 in, $1,320/mo in rent, $341/mo out after debt service. The 10.39% gross yield and 1.92 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $42,133 by year five. With $1,405/yr in principal equity, the total cumulative return is projected at $74,065.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 5.2% |
| Monthly Cash Flow | $341 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $1,016 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1923
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
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
Condo
Built in 1923
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Trentacosta • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481612
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