2229 Saint Andrew StNew OrleansLA70113
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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 2229 Saint Andrew St, New Orleans, LA, 70113 uses $120,998 cash to close to unlock $15,990/yr annual cash flow and $1,333/mo monthly cash flow. Total monthly income runs $3,593/mo, and a $1,786/mo payment keeps the spread at $1,333/mo. Purchase price stands at $365,000, and rental yield measures 11.81% with $3,593/mo rent. Return on cash invested shows 33.12% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 173.73% and total cumulative return in cash records $210,211. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,593/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Multi Family
Built in 1918
3,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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