433 S Cortez StNew OrleansLA70119
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 433 S Cortez St, New Orleans, LA, 70119 offers $3,542/mo rent that, after a $2,406/mo payment, leaves $333/mo cash flow. Total monthly income is $3,542/mo, and annual cash flow is $4,002/yr on $162,965 cash. Return on cash invested measures 22.36% in year one, and rental yield stands at 8.65% at a $491,600 entry. Equity gained on principal adds $3,172/yr while 5% annual appreciation compounds into $135,820 by year five. Five-year ROI records 116.46% and total cumulative return in cash reaches $189,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,542/mo property income versus a $2,406/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSREIN
Mls ID: #2509875