617 Dauphine St #9New OrleansLA70112
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $250,000, 617 Dauphine St #9, New Orleans, LA, 70112 in New Orleans generates $1,733/mo in rent (8.32% yield) but nets only $31/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.54) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $69,070. Total projected return: $76,129.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.2% |
| Monthly Cash Flow | $31 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,733 |
| Total Monthly Debt Service | $1,958 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1921
483.52 sqft 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
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
Condo
Built in 1921
483.52 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela D'Gerolamo • REVE, REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2467505
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