3647 Saint Ferdinand St #49New OrleansLA70126
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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 3647 Saint Ferdinand St #49, New Orleans, LA, 70126 uses $49,062 cash to close to unlock $7,399/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $1,533/mo, and a $724/mo payment keeps the spread at $617/mo. Purchase price stands at $148,000, and rental yield measures 12.43% with $1,533/mo rent. Return on cash invested shows 34.99% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 183.76% and total cumulative return in cash records $90,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,533/mo property income covering a $724/mo payment rather than investor’s personal income.
Multi Family
Built in 2009
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
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Listed by: Niles Bollinger • Kaizen Home Sales and Services, LLC
Mls Name: GSREIN
Mls ID: #2527540