344 Audubon StNew OrleansLA70118
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 344 Audubon St, New Orleans, LA, 70118 offers $6,193/mo rent that, after a $8,688/mo payment. Total monthly income is $6,193/mo. Return on cash invested measures 10.35% in year one, and rental yield stands at 4.19% at a $1,775,000 entry. Equity gained on principal adds $11,454/yr while 5% annual appreciation compounds into $490,400 by year five. Five-year ROI records 51.49% and total cumulative return in cash reaches $296,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,193/mo property income versus a $8,688/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
3,600 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Rotolo • RE/MAX Affiliates
Mls Name: GSREIN
Mls ID: #2535100