1527 Independence StNew OrleansLA70117
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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 1527 Independence St, New Orleans, LA, 70117 priced at $140,000 pairs $1,058/mo rent with $191/mo cash flow after a $685/mo payment. Total monthly income equals $1,058/mo, and annual cash flow comes to $2,292/yr on $46,410 invested. Return on cash invested is 24.85% in year one, and rental yield stands at 9.07% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 129.3% and total cumulative return in cash reaches $60,010. For financing, Ziffy Mortgage’s DSCR program evaluates $1,058/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
6,838 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: Cephas Shepard • Affordable Realty Cephas Shepard & Associates, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #NO2025001139
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