1827 Baronne StNew 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 1827 Baronne St, New Orleans, LA, 70113 offers a 9.34% rental yield on a $449,000 purchase with $3,495/mo rent. Total monthly income registers $3,495/mo, and a $2,198/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,560/yr on $148,844 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 133.71% and total cumulative return in cash at $199,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,495/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,600 sqft 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: Lesley Poche • McEnery Residential, LLC
Mls Name: GSREIN
Mls ID: #2541125