1440 Magazine St APT ANew OrleansLA70130
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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 1440 Magazine St APT A, New Orleans, LA, 70130 listed at $415,000 pairs $3,506/mo rent with a $2,031/mo payment to leave $936/mo cash flow. Total monthly income runs $3,506/mo, and annual cash flow reaches $11,226/yr on $137,573 cash to close. Return on cash invested measures 28.07% in year one, and rental yield registers 10.14% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 146.62% and total cumulative return in cash totals $201,705. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,506/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1933
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: Blaine Tatje • Forte Realty, LLC
Mls Name: GSREIN
Mls ID: #2529562