1824 Oretha Castle Haley Blvd APT 104New OrleansLA70113
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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 1824 Oretha Castle Haley Blvd APT 104, New Orleans, LA, 70113 earns $238/mo cash flow from $1,161/mo rent with a $729/mo payment. Total monthly income totals $1,161/mo, and annual cash flow totals $2,860/yr on $49,394 capital. ROI tracks 25.7% on current figures, and rental yield reads 9.35% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 133.97% and total cumulative return in cash sums $66,172. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,161/mo property income instead of your personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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Listed by: Axel Oestreicher • Crescent Sotheby's International
Mls Name: GSREIN
Mls ID: #2539140