3628 Joliet StNew OrleansLA70118
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 3628 Joliet St, New Orleans, LA, 70118 listed at $114,700 pairs $1,662/mo rent with a $561/mo payment to leave $952/mo cash flow. Total monthly income runs $1,662/mo, and annual cash flow reaches $11,423/yr on $38,023 cash to close. Return on cash invested measures 49.95% in year one, and rental yield registers 17.39% at a $114,700 basis. Equity gained on principal adds $740/yr, and annual property appreciation at 5% supports $31,690 by year five. Five-year ROI tracks 263.93% and total cumulative return in cash totals $100,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,662/mo property income relative to a $561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A