332 Walnut StNew OrleansLA70118
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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 332 Walnut St, New Orleans, LA, 70118 at $1,365,000 posts ROI 12.2% with from $5,446/mo rent. Total monthly income equals $5,446/mo. Return on cash invested measures 12.2% and rental yield reads 4.79% at the current $1,365,000. Equity gained on principal adds $8,808/yr, and 5% annual appreciation supports $377,124 by year five. Five-year ROI prints 61.44% and total cumulative return in cash totals $271,703. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1905
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Samara Poche • Compass Historic (LATT09)
Mls Name: GSREIN
Mls ID: #2536821