36 Grand Canyon DrNew OrleansLA70131
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
Investment property for sale in New Orleans at 36 Grand Canyon Dr, New Orleans, LA, 70131 earns $1,498/mo cash flow from $3,636/mo rent with a $1,529/mo payment. Total monthly income totals $3,636/mo, and annual cash flow totals $17,975/yr on $103,527 capital. ROI tracks 37.27% on current figures, and rental yield reads 13.97% at a $312,300 purchase. Equity gained on principal adds $2,015/yr, and 5% annual appreciation supports $86,283 over five years. Five-year ROI reaches 196.79% and total cumulative return in cash sums $203,734. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,636/mo property income instead of your personal income.
Single Family
Built in 1970
8,360 sqft lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Nearby investment properties with comparable prices
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