1418 Chartres St #ENew 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 1418 Chartres St #E, New Orleans, LA, 70116 priced at $152,500 pairs $1,320/mo rent with $244/mo cash flow after a $746/mo payment. Total monthly income equals $1,320/mo, and annual cash flow comes to $2,925/yr on $50,554 invested. Return on cash invested is 25.69% in year one, and rental yield stands at 10.39% on a $152,500 basis. Equity gained on principal adds $984/yr, and 5% annual appreciation accumulates to $42,133 by year five. Five-year ROI measures 135.04% and total cumulative return in cash reaches $68,267. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $746/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: Daniel Trentacosta • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481612
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