700 Commerce St APT 311New OrleansLA70130
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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
Total monthly income runs $1,660/mo, and a $1,199/mo payment. Purchase price stands at $245,000, and rental yield measures 8.13% with $1,660/mo rent. Return on cash invested shows 14.2% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 75.07% and total cumulative return in cash records $60,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1923
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: Vincent Liuzza • Berkshire Hathaway HomeServices Preferred, REALTOR
Mls Name: GSREIN
Mls Provider:
Mls ID: #2481651
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