2238 Clouet StNew OrleansLA70117
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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 2238 Clouet St, New Orleans, LA, 70117 priced at $125,000 converts $980/mo rent into $206/mo cash flow after a $612/mo obligation. Total monthly income equals $980/mo, and annual cash flow totals $2,466/yr on $41,438 invested. Return on cash invested prints 25.86% in year one, and rental yield reads 9.41% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 134.85% and total cumulative return in cash sums $55,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $980/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1943
5,305 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: Detreick Saulsbury • Ponds Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2454770
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