2232 Abundance StNew OrleansLA70122
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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 2232 Abundance St, New Orleans, LA, 70122 priced at $698,000 converts $2,880/mo rent into after a $3,416/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 12.52% in year one, and rental yield reads 4.95% against a $698,000 entry. Equity gained on principal adds $4,504/yr, while 5% annual appreciation compiles into $192,845 by year five. Five-year ROI reaches 63.18% and total cumulative return in cash sums $145,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $3,416/mo payment, not borrower’s personal income.
Multi Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Ulysses Barnes • Melrose Group Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2435255
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