3117-3119 Broadway StNew 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
Investment property for sale in New Orleans at 3117-3119 Broadway St, New Orleans, LA, 70125 earns $2,685/mo cash flow from $4,200/mo rent with a $1,197/mo payment. Total monthly income totals $4,200/mo, and annual cash flow totals $32,220/yr on $81,085 capital. ROI tracks 59.65% on current figures, and rental yield reads 20.61% at a $244,600 purchase. Equity gained on principal adds $1,578/yr, and 5% annual appreciation supports $67,578 over five years. Five-year ROI reaches 316% and total cumulative return in cash sums $256,231. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,200/mo property income instead of your personal income.
Multi Family
Built in 2008
N/A 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: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #2463378