532 Governor Nicholls StNew OrleansLA70116
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 532 Governor Nicholls St, New Orleans, LA, 70116 earns from $4,421/mo rent with a $6,118/mo payment. Total monthly income totals $4,421/mo. ROI tracks 10.53% on current figures, and rental yield reads 4.24% at a $1,250,000 purchase. Equity gained on principal adds $8,066/yr, and 5% annual appreciation supports $345,352 over five years. Five-year ROI reaches 52.44% and total cumulative return in cash sums $212,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,421/mo property income instead of your personal income.
Townhouse
Built in 1843
1,128 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth McNulty • Compass Uptown-Maple St (LATT28)
Mls Name: GSREIN
Mls ID: #2498704