415 Burgundy St #2ANew OrleansLA70112
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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
Rental property for sale in New Orleans at 415 Burgundy St #2A, New Orleans, LA, 70112 priced at $489,000 converts $2,279/mo rent into after a $2,393/mo obligation. Total monthly income equals $2,279/mo. Return on cash invested prints 9.13% in year one, and rental yield reads 5.59% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 46.97% and total cumulative return in cash sums $76,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,279/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Condo
Built in 1840
2,048 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70112, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,224 (100%) |
| Owner Occupied HU | 298 ( 7.1%) |
| Renter Occupied HU | 2,643 (62.6%) |
| Vacant Housing Units | 1,283 (30.4%) |
| Median Home Value | $461,184 |
| Average Home Value | $568,541 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
1,551
Multi-Family
3,093
Businesses
904
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Listed by: Adrienne LaBauve • eXp Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2527630
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.