209-11 N Johnson StNew OrleansLA70112
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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 209-11 N Johnson St, New Orleans, LA, 70112 generates $1,716/mo in rent and, after a $1,052/mo payment, leaves $385/mo in cash flow. Total monthly income is $1,716/mo, and annual cash flow is $4,614/yr on $71,273 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.58% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 137.59% and total cumulative return in cash sums $98,065. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,716/mo property income rather than buyer’s personal income.
Multi Family
Built in 1919
1,428 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70112, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,224 (100%) |
| Owner Occupied HU | 298 ( 7.1%) |
| Renter Occupied HU | 2,643 (62.6%) |
| Vacant Housing Units | 1,283 (30.4%) |
| Median Home Value | $461,184 |
| Average Home Value | $568,541 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
1,551
Multi-Family
3,093
Businesses
904
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Listed by: Sandy Duplessis • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491094
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.