3601 Lancaster StNew 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
Rental property for sale in New Orleans at 3601 Lancaster St, New Orleans, LA, 70131 priced at $118,000 pairs $2,442/mo rent with $1,686/mo cash flow after a $578/mo payment. Total monthly income equals $2,442/mo, and annual cash flow comes to $20,233/yr on $39,117 invested. Return on cash invested is 71.63% in year one, and rental yield stands at 24.83% on a $118,000 basis. Equity gained on principal adds $761/yr, and 5% annual appreciation accumulates to $32,601 by year five. Five-year ROI measures 380.59% and total cumulative return in cash reaches $148,875. For financing, Ziffy Mortgage’s DSCR program evaluates $2,442/mo property income against a $578/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
5,871 sqft lot
$N/A/sqft
No 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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Listed by: N/A • N/A
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