2414 Ursulines AveNew OrleansLA70119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 2414 Ursulines Ave, New Orleans, LA, 70119 in New Orleans: $1,952/mo in rent, $342/mo in net income, 9.01% gross yield, 1.67 DSCR, all at $260,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $71,833 in appreciation and $2,395/yr in principal paydown projects total cumulative return of $120,561.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.2% |
| Monthly Cash Flow | $342 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,952 |
| Total Monthly Debt Service | $1,507 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
4,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1915
4,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSREIN
Mls ID: #2554571