3018 N Rocheblave StNew OrleansLA70117
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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 3018 N Rocheblave St, New Orleans, LA, 70117 offers a 13.05% rental yield on a $225,000 purchase with $2,447/mo rent. Total monthly income registers $2,447/mo, and a $1,101/mo payment leaves $1,054/mo available for distribution. Annual cash flow reaches $12,642/yr on $74,588 to close, and return on cash invested stands at 36.86% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 193.77% and total cumulative return in cash at $144,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,447/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1893
5,632 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: David Ernst • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls ID: #2534959