2821-23 Banks StNew OrleansLA70119
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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 2821-23 Banks St, New Orleans, LA, 70119 listed at $475,500 pairs $2,520/mo rent with a $2,327/mo payment. Total monthly income runs $2,520/mo. Return on cash invested measures 16.67% in year one, and rental yield registers 6.36% at a $475,500 basis. Equity gained on principal adds $3,068/yr, and annual property appreciation at 5% supports $131,372 by year five. Five-year ROI tracks 85.48% and total cumulative return in cash totals $134,744. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $2,327/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
3,416 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Rachel Van Voorhees • Property New Orleans, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2451124
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