5215 Arts 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 5215 Arts St, New Orleans, LA, 70122 at $229,000 posts ROI 28.17% with $522/mo cash flow from $1,941/mo rent. Total monthly income equals $1,941/mo, and annual cash flow records $6,268/yr on $75,914 to close. Return on cash invested measures 28.17% and rental yield reads 10.17% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 147.16% and total cumulative return in cash totals $111,713.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,941/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1988
4,761 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
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Nearby investment properties with comparable prices
Listed by: Andrea Tyler • AT Home Realty Group
Mls Name: GSREIN
Mls Provider:
Mls ID: #2422313
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