2615 S Dorgenois StNew OrleansLA70125
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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 2615 S Dorgenois St, New Orleans, LA, 70125 uses $111,053 cash to close to unlock $7,194/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $2,675/mo, and a $1,640/mo payment keeps the spread at $600/mo. Purchase price stands at $335,000, and rental yield measures 9.58% with $2,675/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 137.62% and total cumulative return in cash records $152,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,675/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Multi Family
Built in 2017
3,728 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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Listed by: Michele Hensley • NOLA Living Realty
Mls Name: GSREIN
Mls ID: #2539926