2 Canal St #2505, New Orleans, LA, 70130 | Equity Gain $41,621/yr

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1916 sft

3405 Connecticut Ave, Kenner, LA, 70065

3 Bed
3 Bath
1769 sft

3271 Elmwood Park Dr, New Orleans, LA, 70114

7 Bed
4 Bath
2275 sft

4210 Alfred St, New Orleans, LA, 70122

3 Bed
3 Bath
2476 sft

4976 Saint Roch Ave, New Orleans, LA, 70122

Nearby investment properties with comparable prices

6 Bed
8 Bath
6653 sft

1433 Philip St, New Orleans, LA, 70130

36 Bed
28 Bath
27000 sft

5402 Saint Charles Ave, New Orleans, LA, 70115

3 Bed
6 Bath
4950 sft

600 Port Of New Orleans Pl APT 15F, New Orleans, LA, 70130

49 Bed
49 Bath
31560 sft

4520 N Rampart St, New Orleans, LA, 70117

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Orleans at 2 Canal St #2505, New Orleans, LA, 70130 projects strong ROI of -0.61%. Rental yield 0.64%. With 5% annual appreciation, the property builds $1,782,016 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,642 (100%)
Owner Occupied HU	2,914 (25.0%)
Renter Occupied HU	5,842 (50.2%)
Vacant Housing Units	2,886 (24.8%)
Median Home Value	$581,655
Average Home Value	$726,576