2708 Comet StNew OrleansLA70131
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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
Rental property for sale in New Orleans at 2708 Comet St, New Orleans, LA, 70131 generates $2,729/mo in rent and, after a $1,370/mo payment, leaves $995/mo in cash flow. Total monthly income is $2,729/mo, and annual cash flow is $11,940/yr on $92,820 invested. Return on cash invested sits at 32.77% in year one, and rental yield is 11.7% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 171.83% and total cumulative return in cash sums $159,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,729/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Neyda Chacon • Innovation Realty
Mls Name: GSREIN
Mls ID: #2530425