1983 Law 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 1983 Law St, New Orleans, LA, 70119 earns $235/mo cash flow from $1,778/mo rent with a $1,219/mo payment. Total monthly income totals $1,778/mo, and annual cash flow totals $2,824/yr on $82,544 capital. ROI tracks 23.33% on current figures, and rental yield reads 8.57% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 121.23% and total cumulative return in cash sums $100,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,778/mo property income instead of your personal income.
Single Family
Built in 1995
2,688 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: Nicole Flot • Universal Care Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492983
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.