2929 Leonidas StNew 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 2929 Leonidas St, New Orleans, LA, 70118 earns $1,245/mo cash flow from $3,036/mo rent with a $1,415/mo payment. Total monthly income totals $3,036/mo, and annual cash flow totals $14,944/yr on $95,804 capital. ROI tracks 35.51% on current figures, and rental yield reads 12.61% 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 186.52% and total cumulative return in cash sums $178,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,036/mo property income instead of your personal income.
Multi Family
Built in 1960
5,000 sqft 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: Jared Zeller • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2538600