4029-31 Iroquois StNew OrleansLA70126
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 4029-31 Iroquois St, New Orleans, LA, 70126 in New Orleans speaks for itself: 12.09% gross on a $189,000 price, generating $1,904/mo in rent and $733/mo in net income after the $850/mo debt service. DSCR 2.24, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,799 stacks alongside $52,217 in projected five-year appreciation and $1,741/yr in principal reduction. Projected total cumulative return: $118,895.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 5.2% |
| Monthly Cash Flow | $733 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,904 |
| Total Monthly Debt Service | $1,096 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1960
4,800 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
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
Multi Family
Built in 1960
4,800 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: Amanda Mitternight • Crescent Sotheby's International
Mls Name: GSREIN
Mls ID: #2515858