3527 Desaix BlvdNew 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 3527 Desaix Blvd, New Orleans, LA, 70119 offers a 8.26% rental yield on a $289,000 purchase with $1,989/mo rent. Total monthly income registers $1,989/mo, and a $1,415/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,380/yr on $95,804 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 116.2% and total cumulative return in cash at $111,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,989/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,255 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: Laura Smith • NORF Realty LLC
Mls Name: GSREIN
Mls ID: #2530150