2340 Broadway StNew OrleansLA70125
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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 2340 Broadway St, New Orleans, LA, 70125 uses $213,521 cash to close to unlock $1,960/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $4,184/mo, and a $3,177/mo payment keeps the spread at $163/mo. Purchase price stands at $649,000, and rental yield measures 7.74% with $4,184/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 108.56% and total cumulative return in cash records $231,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,184/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1936
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70125, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,910 (100%) |
| Owner Occupied HU | 2,874 (36.3%) |
| Renter Occupied HU | 3,917 (49.5%) |
| Vacant Housing Units | 1,119 (14.1%) |
| Median Home Value | $453,545 |
| Average Home Value | $501,014 |
Housing Distribution
Address Breakdown
Residential
7,993
Single Family
7,494
Multi-Family
499
Businesses
596
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Listed by: Yosef Greenwald • Jon Huffman Real Estate
Mls Name: GSREIN
Mls ID: #2536787