530 Spain StNew OrleansLA70117
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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 530 Spain St, New Orleans, LA, 70117 offers $3,122/mo rent that, after a $4,317/mo payment. Total monthly income is $3,122/mo. Return on cash invested measures 9.62% in year one, and rental yield stands at 4.25% at a $882,100 entry. Equity gained on principal adds $5,692/yr while 5% annual appreciation compounds into $243,708 by year five. Five-year ROI records 47.92% and total cumulative return in cash reaches $139,076. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,122/mo property income versus a $4,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
3,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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