1529 Saint Philip StNew 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 1529 Saint Philip St, New Orleans, LA, 70116 priced at $529,000 converts $4,769/mo rent into $1,492/mo cash flow after a $2,589/mo obligation. Total monthly income equals $4,769/mo, and annual cash flow totals $17,908/yr on $174,041 invested. Return on cash invested prints 30.35% in year one, and rental yield reads 10.82% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 158.82% and total cumulative return in cash sums $276,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,769/mo property income covering a $2,589/mo payment, not borrower’s personal income.
Single Family
Built in 1875
2,944 sqft 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: Benjamin Harwood • NOLA HOMES CO., LLC
Mls Name: GSREIN
Mls ID: #2539201