4517 Banks StNew OrleansLA70119
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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 4517 Banks St, New Orleans, LA, 70119 priced at $419,700 converts $3,653/mo rent into $884/mo cash flow after a $2,054/mo obligation. Total monthly income equals $3,653/mo, and annual cash flow totals $10,605/yr on $139,131 invested. Return on cash invested prints 27.53% in year one, and rental yield reads 10.44% against a $419,700 entry. Equity gained on principal adds $2,708/yr, while 5% annual appreciation compiles into $115,955 by year five. Five-year ROI reaches 144.25% and total cumulative return in cash sums $200,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,653/mo property income covering a $2,054/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
3,598 sqft 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
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