519 Madison St #BNew OrleansLA70116
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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 519 Madison St #B, New Orleans, LA, 70116 priced at $471,100 converts $2,605/mo rent into after a $2,306/mo obligation. Total monthly income equals $2,605/mo. Return on cash invested prints 17.5% in year one, and rental yield reads 6.64% against a $471,100 entry. Equity gained on principal adds $3,040/yr, while 5% annual appreciation compiles into $130,156 by year five. Five-year ROI reaches 89.94% and total cumulative return in cash sums $140,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,605/mo property income covering a $2,306/mo payment, not borrower’s personal income.
Condo
Built in 1844
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: N/A • N/A
Mls Name: Latter and Blum
Mls ID: #2428720