3205 Octavia 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
Rental property for sale in New Orleans at 3205 Octavia St, New Orleans, LA, 70125 priced at $995,000 converts $6,258/mo rent into $95/mo cash flow after a $4,870/mo obligation. Total monthly income equals $6,258/mo, and annual cash flow totals $1,134/yr on $327,355 invested. Return on cash invested prints 20.41% in year one, and rental yield reads 7.55% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 105.48% and total cumulative return in cash sums $345,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,258/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 1940
8,398 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: GiGi Burk • Burk Brokerage, LLC
Mls Name: Greater Southern MLS
Mls ID: #NAB25001341
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.