1550 N Derbigny 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 1550 N Derbigny St, New Orleans, LA, 70116 offers $2,451/mo rent that, after a $1,909/mo payment, leaves $35/mo cash flow. Total monthly income is $2,451/mo, and annual cash flow is $420/yr on $129,285 cash. Return on cash invested measures 20.23% in year one, and rental yield stands at 7.54% at a $390,000 entry. Equity gained on principal adds $2,517/yr while 5% annual appreciation compounds into $107,750 by year five. Five-year ROI records 104.58% and total cumulative return in cash reaches $135,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,451/mo property income versus a $1,909/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
3,101 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: Tyrell Morris • eXp Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492307
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.