2001 Congress StNew OrleansLA70117
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 2001 Congress St, New Orleans, LA, 70117 at $180,000 posts ROI 24.88% with $247/mo cash flow from $1,362/mo rent. Total monthly income equals $1,362/mo, and annual cash flow records $2,964/yr on $59,670 to close. Return on cash invested measures 24.88% and rental yield reads 9.08% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 129.48% and total cumulative return in cash totals $77,261.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,362/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: Lisa Smith • Goodwood Realty
Mls Name: ROAM MLS
Mls ID: #2026000907