3354 Esplanade Ave, New Orleans, LA, 70119 | 6.47% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,828/mo, and a $4,381/mo payment. Purchase price stands at $895,000, and rental yield measures 6.47% with $4,828/mo rent. Return on cash invested shows 17.14% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 87.97% and total cumulative return in cash records $259,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,828/mo property income covering a $4,381/mo payment rather than investor’s personal income.

Single Family

Built in 1890

6,536 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,320 (100%)
Owner Occupied HU	6,212 (29.1%)
Renter Occupied HU	12,249 (57.5%)
Vacant Housing Units	2,859 (13.4%)
Median Home Value	$392,649
Average Home Value	$472,383