2343 Jay StNew OrleansLA70122
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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 2343 Jay St, New Orleans, LA, 70122 listed at $470,700 pairs $3,469/mo rent with a $2,304/mo payment to leave $501/mo cash flow. Total monthly income runs $3,469/mo, and annual cash flow reaches $6,011/yr on $156,037 cash to close. Return on cash invested measures 23.76% in year one, and rental yield registers 8.84% at a $470,700 basis. Equity gained on principal adds $3,037/yr, and annual property appreciation at 5% supports $130,046 by year five. Five-year ROI tracks 123.64% and total cumulative return in cash totals $192,925. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,469/mo property income relative to a $2,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Latter and Blum
Mls ID: #2511689