1629 N Roman StNew OrleansLA70116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1629 N Roman St, New Orleans, LA, 70116 at $349,000 posts ROI 20.77% with $83/mo cash flow from $2,245/mo rent. Total monthly income equals $2,245/mo, and annual cash flow records $1,000/yr on $115,694 to close. Return on cash invested measures 20.77% and rental yield reads 7.72% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 107.51% and total cumulative return in cash totals $124,380.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,245/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2011
3,131 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: Caroline Mang • Compass Garden District (LATT18)
Mls Name: GSREIN
Mls ID: #2534586