304 Henry Clay AveNew OrleansLA70118
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 304 Henry Clay Ave, New Orleans, LA, 70118 listed at $690,000 pairs $4,606/mo rent with a $3,377/mo payment to leave $14/mo cash flow. Total monthly income runs $4,606/mo, and annual cash flow reaches $168/yr on $227,010 cash to close. Return on cash invested measures 20.13% in year one, and rental yield registers 8.01% at a $690,000 basis. Equity gained on principal adds $4,452/yr, and annual property appreciation at 5% supports $190,634 by year five. Five-year ROI tracks 104.65% and total cumulative return in cash totals $237,560. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,606/mo property income relative to a $3,377/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1922
3,520 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracey Moore • REVE, REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501937
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.