4217 Buchanan StNew OrleansLA70122
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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 4217 Buchanan St, New Orleans, LA, 70122 offers a 12.2% rental yield on a $168,500 purchase with $1,713/mo rent. Total monthly income registers $1,713/mo, and a $825/mo payment leaves $669/mo available for distribution. Annual cash flow reaches $8,027/yr on $55,858 to close, and return on cash invested stands at 34.28% in year one. Equity gained on principal adds $1,087/yr while 5% annual appreciation supports $46,553 over five years. Portfolio math shows five-year ROI at 179.91% and total cumulative return in cash at $100,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,713/mo property income against a $825/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
3,615 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70122, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 9,079 (53.8%) |
| Renter Occupied HU | 6,021 (35.7%) |
| Vacant Housing Units | 1,774 (10.5%) |
| Median Home Value | $292,225 |
| Average Home Value | $345,976 |
Housing Distribution
Address Breakdown
Residential
16,212
Single Family
15,328
Multi-Family
884
Businesses
521
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Listed by: Barret Blondeau • Falaya
Mls Name: GSREIN
Mls ID: #2512655