3019 Burdette StNew 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 3019 Burdette St, New Orleans, LA, 70125 offers a 10.76% rental yield on a $285,000 purchase with $2,555/mo rent. Total monthly income registers $2,555/mo, and a $1,395/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,474/yr on $94,478 to close, and return on cash invested stands at 29.94% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 156.64% and total cumulative return in cash at $147,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,555/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
2,280 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Martin • Prieur Properties, LLC
Mls Name: GSREIN
Mls ID: #2536020