501 Burgundy St #501, New Orleans, LA, 70112 | 7.16% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,178/mo, and a $3,426/mo payment. Purchase price stands at $700,000, and rental yield measures 7.16% with $4,178/mo rent. Return on cash invested shows 19.24% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 99.2% and total cumulative return in cash records $228,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,178/mo property income covering a $3,426/mo payment rather than investor’s personal income.

Condo

Built in 1977

1,600 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