3024 Gravier StNew OrleansLA70119
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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 3024 Gravier St, New Orleans, LA, 70119 at $110,000 posts ROI 26.06% with $187/mo cash flow from $868/mo rent. Total monthly income equals $868/mo, and annual cash flow records $2,244/yr on $36,465 to close. Return on cash invested measures 26.06% and rental yield reads 9.47% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 135.81% and total cumulative return in cash totals $49,524.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $868/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1923
3,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Elizabeth Jones • Fiorella Avenue Realty
Mls Name: GSREIN
Mls ID: #2476554