156 Millaudon StNew OrleansLA70118
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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 156 Millaudon St, New Orleans, LA, 70118 priced at $439,000 converts $2,652/mo rent into after a $2,149/mo obligation. Total monthly income equals $2,652/mo. Return on cash invested prints 19.35% in year one, and rental yield reads 7.25% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 99.87% and total cumulative return in cash sums $145,340. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,652/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Single Family
Built in 1921
2,406 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Susan Sawyer • Revolution Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2442373
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