2504 Martin Luther King Jr BlvdNew OrleansLA70113
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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 2504 Martin Luther King Jr Blvd, New Orleans, LA, 70113 with 5% annual appreciation on a $249,000 basis while $2,413/mo rent supports operations. Total monthly income totals $2,413/mo and a $1,219/mo payment preserves $870/mo for cash returns. Annual cash flow comes to $10,444/yr on $82,544 deployed, and return on cash invested reaches 32.56% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 11.63%. Five-year ROI measures 170.73% and total cumulative return in cash totals $140,924.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,413/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,007 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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Listed by: Michael Baker • Realty Resources, Inc.
Mls Name: GSREIN
Mls ID: #2536575