1812-1814 N Tonti 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 1812-1814 N Tonti St, New Orleans, LA, 70119 uses $119,009 cash to close to unlock $4,492/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $2,598/mo, and a $1,757/mo payment keeps the spread at $374/mo. Purchase price stands at $359,000, and rental yield measures 8.68% with $2,598/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash records $146,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,598/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Multi Family
Built in 1922
3,000 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: Wayne Songy • Wayne Songy & Associates
Mls Name: GSREIN
Mls ID: #2539189