3111 Louisiana Avenue PkwyNew OrleansLA70125
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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
Rental property for sale in New Orleans at 3111 Louisiana Avenue Pkwy, New Orleans, LA, 70125 generates $2,390/mo in rent and, after a $1,591/mo payment, leaves $377/mo in cash flow. Total monthly income is $2,390/mo, and annual cash flow is $4,518/yr on $107,738 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 8.82% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 125.36% and total cumulative return in cash sums $135,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,390/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
6,795 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
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Listed by: Tracey Moore • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2538157