221 Millaudon StNew OrleansLA70118
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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
Rental property for sale in New Orleans at 221 Millaudon St, New Orleans, LA, 70118 priced at $239,000 pairs $1,560/mo rent with $79/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,560/mo, and annual cash flow comes to $952/yr on $79,229 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 7.83% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 109.34% and total cumulative return in cash reaches $86,628. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
256 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Kristen Koppel • Valmont Realtors
Mls Name: GSREIN
Mls ID: #2520351