185 Walnut St APT 2New OrleansLA70118
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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
Rental property for sale in New Orleans at 185 Walnut St APT 2, New Orleans, LA, 70118 priced at $175,500 pairs $1,254/mo rent with after a $859/mo payment. Total monthly income equals $1,254/mo. Return on cash invested is 18.5% in year one, and rental yield stands at 8.57% on a $175,500 basis. Equity gained on principal adds $1,132/yr, and 5% annual appreciation accumulates to $48,487 by year five. Five-year ROI measures 97.06% and total cumulative return in cash reaches $56,468. For financing, Ziffy Mortgage’s DSCR program evaluates $1,254/mo property income against a $859/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Dawn Larsen • LATTER & BLUM (LATT28)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2496929
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.