232 Lake Marina Ave APT 10DNew OrleansLA70124
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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
Investment property for sale in New Orleans at 232 Lake Marina Ave APT 10D, New Orleans, LA, 70124 earns from $4,741/mo rent with a $9,006/mo payment. Total monthly income totals $4,741/mo. ROI tracks 6.97% on current figures, and rental yield reads 3.09% at a $1,840,000 purchase. Equity gained on principal adds $11,873/yr, and 5% annual appreciation supports $508,358 over five years. Five-year ROI reaches 33.36% and total cumulative return in cash sums $198,882. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,741/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Christopher Aguglia • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2529506