220 20th StNew OrleansLA70124
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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 220 20th St, New Orleans, LA, 70124 offers a 6.73% rental yield on a $637,000 purchase with $3,570/mo rent. 91% in year one. Equity gained on principal adds $4,110/yr while 5% annual appreciation supports $175,991 over five years. Portfolio math shows five-year ROI at 92.07% and total cumulative return in cash at $192,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,570/mo property income against a $3,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Shaimiene Gauthreaux • CBTEC METAIRIE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468911
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