3221 Plymouth PlNew OrleansLA70131
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3221 Plymouth Pl, New Orleans, LA, 70131 in New Orleans speaks for itself: 11.19% gross on a $195,000 price, generating $1,818/mo in rent and $575/mo in net income after the $877/mo debt service. DSCR 2.07, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,900 stacks alongside $53,875 in projected five-year appreciation and $1,796/yr in principal reduction. Projected total cumulative return: $113,221.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.2% |
| Monthly Cash Flow | $575 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,818 |
| Total Monthly Debt Service | $1,130 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
7,261 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1970
7,261 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Halsrud • RE/MAX N.O. Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2494780
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.