6833 E Coronet CtNew OrleansLA70126
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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 6833 E Coronet Ct, New Orleans, LA, 70126 listed at $259,000 pairs $1,661/mo rent with a $1,268/mo payment to leave $56/mo cash flow. Total monthly income runs $1,661/mo, and annual cash flow reaches $676/yr on $85,859 cash to close. Return on cash invested measures 20.7% in year one, and rental yield registers 7.7% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 107.11% and total cumulative return in cash totals $91,960. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,661/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1980
7,562 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70126, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,673 (100%) |
| Owner Occupied HU | 5,680 (44.8%) |
| Renter Occupied HU | 5,423 (42.8%) |
| Vacant Housing Units | 1,570 (12.4%) |
| Median Home Value | $215,032 |
| Average Home Value | $268,041 |
Housing Distribution
Address Breakdown
Residential
12,201
Single Family
10,970
Multi-Family
1,231
Businesses
646
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Listed by: Josline Frank • Russell Frank Realty Group, L.L.C.
Mls Name: GSREIN
Mls ID: #2528703