2024 Saint Anthony St #26New OrleansLA70116
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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 2024 Saint Anthony St #26, New Orleans, LA, 70116 generates $3,004/mo in rent and, after a $1,713/mo payment, leaves $836/mo in cash flow. Total monthly income is $3,004/mo, and annual cash flow is $10,032/yr on $116,025 invested. Return on cash invested sits at 28.56% in year one, and rental yield is 10.3% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 149.2% and total cumulative return in cash sums $173,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,004/mo property income rather than buyer’s personal income.
Multi Family
Built in 2021
4,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Aaron Dare • Crane Realtors
Mls Name: GSREIN
Mls ID: #2525960