2856 Steamship Cir APT DNew OrleansLA70123
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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 2856 Steamship Cir APT D, New Orleans, LA, 70123 with 5% annual appreciation on a $299,300 basis while $2,332/mo rent supports operations. Total monthly income totals $2,332/mo and a $1,465/mo payment preserves $478/mo for cash returns. Annual cash flow comes to $5,735/yr on $99,218 deployed, and return on cash invested reaches 25.69% in year one. Equity gained on principal adds $1,931/yr, and five-year appreciation sums $82,691 alongside rental yield of 9.35%. Five-year ROI measures 133.85% and total cumulative return in cash totals $132,800.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,332/mo property income versus a $1,465/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70123, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,843 (100%) |
| Owner Occupied HU | 7,431 (53.7%) |
| Renter Occupied HU | 5,379 (38.9%) |
| Vacant Housing Units | 1,033 ( 7.5%) |
| Median Home Value | $370,090 |
| Average Home Value | $428,842 |
Housing Distribution
Address Breakdown
Residential
13,610
Single Family
9,133
Multi-Family
4,477
Businesses
1,631
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A