1509 Polymnia StNew 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
Rental property for sale in New Orleans at 1509 Polymnia St, New Orleans, LA, 70130 priced at $680,000 pairs $6,600/mo rent with $2,388/mo cash flow after a $3,328/mo payment. Total monthly income equals $6,600/mo, and annual cash flow comes to $28,656/yr on $223,720 invested. Return on cash invested is 32.87% in year one, and rental yield stands at 11.65% on a $680,000 basis. Equity gained on principal adds $4,388/yr, and 5% annual appreciation accumulates to $187,871 by year five. Five-year ROI measures 172.31% and total cumulative return in cash reaches $385,488. For financing, Ziffy Mortgage’s DSCR program evaluates $6,600/mo property income against a $3,328/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
2,805 sqft 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: Lisa Fury • REVE, REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482776
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