1715-17 N Broad StNew OrleansLA70119
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 1715-17 N Broad St, New Orleans, LA, 70119 uses $59,339 cash to close to unlock $9,148/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $1,871/mo, and a $876/mo payment keeps the spread at $762/mo. Purchase price stands at $179,000, and rental yield measures 12.54% with $1,871/mo rent. Return on cash invested shows 35.32% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 185.55% and total cumulative return in cash records $110,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,871/mo property income covering a $876/mo payment rather than investor’s personal income.
Multi Family
Built in 1919
3,885 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arlenne Retana • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499875
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.