2240 Dante StNew OrleansLA70118
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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
Total monthly income runs $3,417/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 6.56% with $3,417/mo rent. Return on cash invested shows 17.41% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 89.41% and total cumulative return in cash records $183,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,417/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1935
8,999 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: Michelle LaBanca • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls ID: #2512946