1640 Poland AveNew OrleansLA70117
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
Rental property for sale in New Orleans at 1640 Poland Ave, New Orleans, LA, 70117 priced at $172,000 pairs $1,348/mo rent with $282/mo cash flow after a $842/mo payment. Total monthly income equals $1,348/mo, and annual cash flow comes to $3,389/yr on $57,018 invested. Return on cash invested is 25.85% in year one, and rental yield stands at 9.4% on a $172,000 basis. Equity gained on principal adds $1,110/yr, and 5% annual appreciation accumulates to $47,520 by year five. Five-year ROI measures 134.78% and total cumulative return in cash reaches $76,849. For financing, Ziffy Mortgage’s DSCR program evaluates $1,348/mo property income against a $842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
3,349 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Herbert Kaufman • Galiano Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2508762
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.