2717A Cherry StNew OrleansLA70118
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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 2717A Cherry St, New Orleans, LA, 70118 uses $58,013 cash to close to unlock $8,418/yr annual cash flow and $702/mo monthly cash flow. Total monthly income runs $1,786/mo, and a $857/mo payment keeps the spread at $702/mo. Purchase price stands at $175,000, and rental yield measures 12.25% with $1,786/mo rent. Return on cash invested shows 34.42% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 180.7% and total cumulative return in cash records $104,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,786/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in 1977
4,839 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Melissa McClendon • Compass Uptown (LATT07)
Mls Name: GSREIN
Mls ID: #2518790