3301-03 Louisiana Avenue PkwyNew OrleansLA70125
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
Investment property for sale in New Orleans at 3301-03 Louisiana Avenue Pkwy, New Orleans, LA, 70125 earns $735/mo cash flow from $2,438/mo rent with a $1,346/mo payment. Total monthly income totals $2,438/mo, and annual cash flow totals $8,814/yr on $91,163 capital. ROI tracks 29.58% on current figures, and rental yield reads 10.64% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 154.72% and total cumulative return in cash sums $141,047. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,438/mo property income instead of your personal income.
Multi Family
Built in 1950
5,985 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: Elizabeth Charvat • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2533437