229 Audubon BlvdNew OrleansLA70118
Nearby investment properties with comparable rents
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
Investment property for sale in New Orleans at 229 Audubon Blvd, New Orleans, LA, 70118 at $569,000 posts ROI 16.17% with from $3,324/mo rent. Total monthly income equals $3,324/mo. Return on cash invested measures 16.17% and rental yield reads 7.01% at the current $569,000. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 by year five. Five-year ROI prints 83.72% and total cumulative return in cash totals $156,731. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,324/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffery Melancon • RE/MAX Synergy
Mls Name: GSREIN
Mls Provider:
Mls ID: #2511256
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.