3508 Cleveland AveNew OrleansLA70119
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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 3508 Cleveland Ave, New Orleans, LA, 70119 earns $696/mo cash flow from $4,834/mo rent with a $3,270/mo payment. Total monthly income totals $4,834/mo, and annual cash flow totals $8,347/yr on $219,772 capital. ROI tracks 23.86% on current figures, and rental yield reads 8.68% at a $668,000 purchase. Equity gained on principal adds $4,311/yr, and 5% annual appreciation supports $184,556 over five years. Five-year ROI reaches 124% and total cumulative return in cash sums $272,509. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,834/mo property income instead of your personal income.
Multi Family
Built in 1921
3,758 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 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Brian Gros • 1st BMG REALTY, L.L.C.
Mls Name: GSREIN
Mls ID: #2539307