20801 Old Spanish TrlNew OrleansLA70129
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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
Investment property for sale in New Orleans at 20801 Old Spanish Trl, New Orleans, LA, 70129 uses $80,389 cash to close to unlock $2,145/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,681/mo, and a $1,187/mo payment keeps the spread at $179/mo. Purchase price stands at $242,500, and rental yield measures 8.32% with $1,681/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 117.17% and total cumulative return in cash records $94,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,681/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70129, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,214 (100%) |
| Owner Occupied HU | 2,137 (50.7%) |
| Renter Occupied HU | 1,648 (39.1%) |
| Vacant Housing Units | 429 (10.2%) |
| Median Home Value | $196,177 |
| Average Home Value | $244,719 |
Housing Distribution
Address Breakdown
Residential
4,090
Single Family
3,843
Multi-Family
247
Businesses
293
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Listed by: Marchal Rodriguez • Community RealEstate LLC
Mls Name: GSREIN
Mls ID: #2539290