2801 Palmer AveNew 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 2801 Palmer Ave, New Orleans, LA, 70118 with 5% annual appreciation on a $599,000 basis while $4,677/mo rent supports operations. Total monthly income totals $4,677/mo and a $2,932/mo payment preserves $966/mo for cash returns. Annual cash flow comes to $11,596/yr on $197,071 deployed, and return on cash invested reaches 25.94% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 9.37%. Five-year ROI measures 135.19% and total cumulative return in cash totals $266,422.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,677/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1920
N/A 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: Cameron Tveit • Ben & Burka
Mls Name: GSREIN
Mls Provider:
Mls ID: #2467984
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