2918 College CtNew OrleansLA70125
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 2918 College Ct, New Orleans, LA, 70125 at $296,000 posts ROI 31.75% with $968/mo cash flow from $2,802/mo rent. Total monthly income equals $2,802/mo, and annual cash flow records $11,618/yr on $98,124 to close. Return on cash invested measures 31.75% and rental yield reads 11.36% at the current $296,000. Equity gained on principal adds $1,910/yr, and 5% annual appreciation supports $81,779 by year five. Five-year ROI prints 166.39% and total cumulative return in cash totals $163,264.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,802/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
2,413 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70125, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,910 (100%) |
| Owner Occupied HU | 2,874 (36.3%) |
| Renter Occupied HU | 3,917 (49.5%) |
| Vacant Housing Units | 1,119 (14.1%) |
| Median Home Value | $453,545 |
| Average Home Value | $501,014 |
Housing Distribution
Address Breakdown
Residential
7,993
Single Family
7,494
Multi-Family
499
Businesses
596
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Listed by: Amanda Miller • Amanda Miller Realty, LLC
Mls Name: GSREIN
Mls ID: #2531355