3221 Montegut StNew OrleansLA70126
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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 3221 Montegut St, New Orleans, LA, 70126 uses $52,874 cash to close to unlock $6,584/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $781/mo payment keeps the spread at $549/mo. Purchase price stands at $159,500, and rental yield measures 11.56% with $1,537/mo rent. Return on cash invested shows 32.36% in year one, and 5% annual appreciation builds toward $44,067 over five years. Five-year ROI reaches 169.65% and total cumulative return in cash records $89,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $781/mo payment rather than investor’s personal income.
Multi Family
Built in 1943
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
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Listed by: John Aleman • LATTER & BLUM (LATT07)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2409506
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