16 Mariners Cv NNew OrleansLA70124
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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
Investment property for sale in New Orleans at 16 Mariners Cv N, New Orleans, LA, 70124 uses $130,943 cash to close to unlock $2,478/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $2,653/mo, and a $1,933/mo payment keeps the spread at $207/mo. Purchase price stands at $395,000, and rental yield measures 8.06% with $2,653/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 113% and total cumulative return in cash records $147,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,653/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Jennifer Saltaformaggio • Compass Historic (LATT09)
Mls Name: GSREIN
Mls ID: #2539598