612 Lang StNew OrleansLA70131
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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 612 Lang St, New Orleans, LA, 70131 priced at $125,000 converts $983/mo rent into $209/mo cash flow after a $612/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $2,502/yr on $41,438 invested. Return on cash invested prints 25.95% in year one, and rental yield reads 9.44% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 135.28% and total cumulative return in cash sums $56,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Cecilia Acosta • Compass Westbank (LATT10)
Mls Name: GSREIN
Mls ID: #2524635