2 Harbour Town CtNew OrleansLA70131
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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
Rental property for sale in New Orleans at 2 Harbour Town Ct, New Orleans, LA, 70131 offers $3,940/mo rent that, after a $2,692/mo payment, leaves $533/mo cash flow. Total monthly income is $3,940/mo, and annual cash flow is $6,396/yr on $180,950 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 8.6% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 122.57% and total cumulative return in cash reaches $221,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,940/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Nearby investment properties with comparable prices
Listed by: Nichell Thompson • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2534148