2361 New York 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 2361 New York St, New Orleans, LA, 70122 offers a 9.61% rental yield on a $149,000 purchase with $1,193/mo rent. Total monthly income registers $1,193/mo, and a $729/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $573/yr on $49,394 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 111.06% and total cumulative return in cash at $54,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,193/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,998 sqft 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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Listed by: Adrian Pappalardo • Pappalardo Consultants, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507586
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.