220 Decatur St UNIT 306New OrleansLA70130
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 220 Decatur St UNIT 306, New Orleans, LA, 70130 offers a 5.72% rental yield on a $527,000 purchase with $2,510/mo rent. 84% in year one. Equity gained on principal adds $3,401/yr while 5% annual appreciation supports $145,600 over five years. Portfolio math shows five-year ROI at 75.63% and total cumulative return in cash at $131,137. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,510/mo property income against a $2,579/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1870
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Goutierrez • Engel & Volkers Slidell - Mandeville
Mls Name: GSREIN
Mls ID: #2532505