5518 Lafaye 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
Rental property for sale in New Orleans at 5518 Lafaye St, New Orleans, LA, 70122 priced at $139,000 pairs $1,097/mo rent with $236/mo cash flow after a $680/mo payment. Total monthly income equals $1,097/mo, and annual cash flow comes to $2,836/yr on $46,079 invested. Return on cash invested is 26.06% in year one, and rental yield stands at 9.47% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 135.91% and total cumulative return in cash reaches $62,624. For financing, Ziffy Mortgage’s DSCR program evaluates $1,097/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
5,998 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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Listed by: Lloyd Clark • XLV Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473143
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