2326 Chartres 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
Investment property for sale in New Orleans at 2326 Chartres St, New Orleans, LA, 70117 with 5% annual appreciation on a $1,089,000 basis while $5,940/mo rent supports operations. 63% in year one. Equity gained on principal adds $7,027/yr, and five-year appreciation sums $300,871 alongside rental yield of 6.55%. Five-year ROI measures 90.53% and total cumulative return in cash totals $319,438. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,940/mo property income versus a $5,330/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
4,096 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: Karon Reese • Reese & Company Real Estate, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2472159
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