2515 Broadway StNew OrleansLA70125
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
Investment Highlights
Rental property for sale in New Orleans at 2515 Broadway St, New Orleans, LA, 70125 offers $2,251/mo rent that, after a $2,185/mo payment. Total monthly income is $2,251/mo. Return on cash invested measures 14.32% in year one, and rental yield stands at 6.05% at a $446,500 entry. Equity gained on principal adds $2,881/yr while 5% annual appreciation compounds into $123,360 by year five. Five-year ROI records 73.44% and total cumulative return in cash reaches $108,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,251/mo property income versus a $2,185/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
4,440 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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