3210 Lancaster StNew OrleansLA70131
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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 3210 Lancaster St, New Orleans, LA, 70131 earns $225/mo cash flow from $987/mo rent with a $602/mo payment. Total monthly income totals $987/mo, and annual cash flow totals $2,701/yr on $40,775 capital. ROI tracks 26.53% on current figures, and rental yield reads 9.63% at a $123,000 purchase. Equity gained on principal adds $794/yr, and 5% annual appreciation supports $33,983 over five years. Five-year ROI reaches 138.5% and total cumulative return in cash sums $56,473. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $987/mo property income instead of your personal income.
Single Family
Built in 1968
6,181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Andrew Guidry • Donald Julien & Associates, Inc.
Mls Name: GSREIN
Mls ID: #2515956