2740 Saint Nick DrNew 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
Investment property for sale in New Orleans at 2740 Saint Nick Dr, New Orleans, LA, 70131 uses $80,124 cash to close to unlock $29,649/yr annual cash flow and $2,471/mo monthly cash flow. Total monthly income runs $4,121/mo, and a $1,183/mo payment keeps the spread at $2,471/mo. Purchase price stands at $241,700, and rental yield measures 20.46% with $4,121/mo rent. Return on cash invested shows 56.91% in year one, and 5% annual appreciation builds toward $66,777 over five years. Five-year ROI reaches 302.12% and total cumulative return in cash records $242,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,121/mo property income covering a $1,183/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,000 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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