3812 Metropolitan StNew OrleansLA70126
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 3812 Metropolitan St, New Orleans, LA, 70126 priced at $149,000 pairs $1,122/mo rent with $199/mo cash flow after a $729/mo payment. Total monthly income equals $1,122/mo, and annual cash flow comes to $2,392/yr on $49,394 invested. Return on cash invested is 24.75% in year one, and rental yield stands at 9.04% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 128.89% and total cumulative return in cash reaches $63,664. For financing, Ziffy Mortgage’s DSCR program evaluates $1,122/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
6,400 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayne Dwyer • Homesmart Realty South
Mls Name: GSREIN
Mls ID: #2526170