623 N Salcedo StNew OrleansLA70119
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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
Investment property for sale in New Orleans at 623 N Salcedo St, New Orleans, LA, 70119 listed at $455,000 pairs $2,520/mo rent with a $2,227/mo payment. Total monthly income runs $2,520/mo. Return on cash invested measures 17.53% in year one, and rental yield registers 6.65% at a $455,000 basis. Equity gained on principal adds $2,936/yr, and annual property appreciation at 5% supports $125,708 by year five. Five-year ROI tracks 90.12% and total cumulative return in cash totals $135,928. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $2,227/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
3,519 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Micah Loewenthal • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls ID: #2513549