22 Christopher CtNew OrleansLA70128
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 22 Christopher Ct, New Orleans, LA, 70128 uses $41,438 cash to close to unlock $2,274/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $964/mo, and a $612/mo payment keeps the spread at $190/mo. Purchase price stands at $125,000, and rental yield measures 9.25% with $964/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 132.36% and total cumulative return in cash records $54,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $964/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1976
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70128, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,460 (59.6%) |
| Renter Occupied HU | 2,241 (30.0%) |
| Vacant Housing Units | 779 (10.4%) |
| Median Home Value | $242,435 |
| Average Home Value | $291,626 |
Housing Distribution
Address Breakdown
Residential
7,332
Single Family
6,256
Multi-Family
1,076
Businesses
144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edmond Davis • Real Property Realtors
Mls Name: GSREIN
Mls Provider:
Mls ID: #2497487
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.