533 S Cortez StNew OrleansLA70119
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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
Investment property for sale in New Orleans at 533 S Cortez St, New Orleans, LA, 70119 uses $106,080 cash to close to unlock $5,352/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,566/mo payment keeps the spread at $446/mo. Purchase price stands at $320,000, and rental yield measures 9.11% with $2,428/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 129.89% and total cumulative return in cash records $137,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1984
3,118 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Marysol Aranda • NOLA Living Realty
Mls Name: GSREIN
Mls ID: #2529160