228 Jules AveNew OrleansLA70121
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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 228 Jules Ave, New Orleans, LA, 70121 priced at $284,900 pairs $2,213/mo rent with $449/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,213/mo, and annual cash flow comes to $5,384/yr on $94,444 invested. Return on cash invested is 25.61% in year one, and rental yield stands at 9.32% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 133.42% and total cumulative return in cash reaches $126,011. For financing, Ziffy Mortgage’s DSCR program evaluates $2,213/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
5,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
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Listed by: Cathy Nunez • 1 Percent Lists Legacy
Mls Name: GSREIN
Mls ID: #2529514