4932 Lafaye StNew OrleansLA70122
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
Investment property for sale in New Orleans at 4932 Lafaye St, New Orleans, LA, 70122 earns $1,050/mo cash flow from $3,558/mo rent with a $1,982/mo payment. Total monthly income totals $3,558/mo, and annual cash flow totals $12,594/yr on $134,258 capital. ROI tracks 29.29% on current figures, and rental yield reads 10.54% at a $405,000 purchase. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 over five years. Five-year ROI reaches 153.16% and total cumulative return in cash sums $205,634. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,558/mo property income instead of your personal income.
Condo
Built in 1971
6,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Warren • NOLA Property Collective, LLC
Mls Name: GSREIN
Mls ID: #2513877