1803 Audubon Trce #1803New OrleansLA70121
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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 1803 Audubon Trce #1803, New Orleans, LA, 70121 listed at $249,000 pairs $2,123/mo rent with a $1,219/mo payment to leave $580/mo cash flow. Total monthly income runs $2,123/mo, and annual cash flow reaches $6,964/yr on $82,544 cash to close. Return on cash invested measures 28.35% in year one, and rental yield registers 10.23% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 148.12% and total cumulative return in cash totals $122,264. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,123/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
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Listed by: Kelly Waltemath Wall • Keller Williams Realty Services
Mls Name: GSREIN
Mls ID: #2527465