5870 Canal BlvdNew OrleansLA70124
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 5870 Canal Blvd, New Orleans, LA, 70124 priced at $760,000 pairs $4,735/mo rent with $27/mo cash flow after a $3,720/mo payment. Total monthly income equals $4,735/mo, and annual cash flow comes to $324/yr on $250,040 invested. Return on cash invested is 20.19% in year one, and rental yield stands at 7.48% on a $760,000 basis. Equity gained on principal adds $4,904/yr, and 5% annual appreciation accumulates to $209,974 by year five. Five-year ROI measures 104.32% and total cumulative return in cash reaches $260,833. For financing, Ziffy Mortgage’s DSCR program evaluates $4,735/mo property income against a $3,720/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
7,740 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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Listed by: Gabriella Francescon • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls ID: #2533141