2205 Audubon Trce UNIT 2205New OrleansLA70121
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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 2205 Audubon Trce UNIT 2205, New Orleans, LA, 70121 generates $1,998/mo in rent and, after a $1,028/mo payment, leaves $150/mo in cash flow. Total monthly income is $1,998/mo, and annual cash flow is $1,800/yr on $69,613 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 11.42% on a $209,995 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,018 over five years. Five-year ROI reaches 120.12% and total cumulative return in cash sums $83,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,998/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
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Listed by: Lynda Depanicis • Shelnutt Real Estate Enterprises
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499118
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.