3534 Paris AveNew OrleansLA70122
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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 3534 Paris Ave, New Orleans, LA, 70122 listed at $245,000 pairs $1,652/mo rent with a $1,199/mo payment to leave $135/mo cash flow. Total monthly income runs $1,652/mo, and annual cash flow reaches $1,614/yr on $81,218 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 8.09% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 113.55% and total cumulative return in cash totals $92,220. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,652/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Tiffany Tucker • KELLER WILLIAMS REALTY 455-0100
Mls Name: GSREIN
Mls ID: #2531020