329 Tricou StNew OrleansLA70117
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
Investment Highlights
Rental property for sale in New Orleans at 329 Tricou St, New Orleans, LA, 70117 generates $1,165/mo in rent and, after a $722/mo payment, leaves $251/mo in cash flow. Total monthly income is $1,165/mo, and annual cash flow is $3,015/yr on $48,896 invested. Return on cash invested sits at 26.08% in year one, and rental yield is 9.48% on a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 136.01% and total cumulative return in cash sums $66,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,165/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
3,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Miller • Amanda Miller Realty
Mls Name: Greater Southern MLS
Mls ID: #NAB24005480