611 Dauphine St APT ENew OrleansLA70112
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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 611 Dauphine St APT E, New Orleans, LA, 70112 priced at $350,000 pairs $1,909/mo rent with after a $1,713/mo payment. Total monthly income equals $1,909/mo. Return on cash invested is 17.23% in year one, and rental yield stands at 6.55% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 88.48% and total cumulative return in cash reaches $102,662. For financing, Ziffy Mortgage’s DSCR program evaluates $1,909/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70112, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,224 (100%) |
| Owner Occupied HU | 298 ( 7.1%) |
| Renter Occupied HU | 2,643 (62.6%) |
| Vacant Housing Units | 1,283 (30.4%) |
| Median Home Value | $461,184 |
| Average Home Value | $568,541 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
1,551
Multi-Family
3,093
Businesses
904
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Listed by: Cindy Flannery • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2521046