2802 Audubon Trce UNIT 2802New OrleansLA70121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2802 Audubon Trce UNIT 2802, New Orleans, LA, 70121 earns $9/mo cash flow from $1,800/mo rent with a $1,415/mo payment. Total monthly income totals $1,800/mo, and annual cash flow totals $112/yr on $95,804 capital. ROI tracks 20.03% on current figures, and rental yield reads 7.47% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 103.51% and total cumulative return in cash sums $99,170. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Condo
Built in 1985
3,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70121, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,242 (100%) |
| Owner Occupied HU | 3,086 (49.4%) |
| Renter Occupied HU | 2,522 (40.4%) |
| Vacant Housing Units | 634 (10.2%) |
| Median Home Value | $284,768 |
| Average Home Value | $318,145 |
Housing Distribution
Address Breakdown
Residential
6,071
Single Family
5,168
Multi-Family
903
Businesses
614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Comarda • McEnery Residential, LLC
Mls Name: GSREIN
Mls ID: #2534948