34 Rail StNew OrleansLA70124
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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 34 Rail St, New Orleans, LA, 70124 uses $169,435 cash to close to unlock $4,354/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $3,570/mo, and a $2,521/mo payment keeps the spread at $363/mo. Purchase price stands at $515,000, and rental yield measures 8.32% with $3,570/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 117.45% and total cumulative return in cash records $198,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,570/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,300 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Connie Quave • Homesmart Realty South
Mls Name: GSREIN
Mls Provider:
Mls ID: #2469477
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