7016-18 Fig StNew OrleansLA70125
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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 7016-18 Fig St, New Orleans, LA, 70125 generates $2,199/mo in rent and, after a $1,223/mo payment, leaves $651/mo in cash flow. Total monthly income is $2,199/mo, and annual cash flow is $7,814/yr on $82,842 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 10.56% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 153.48% and total cumulative return in cash sums $127,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,199/mo property income rather than buyer’s personal income.
Multi Family
Built in 1922
4,530 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70125, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,910 (100%) |
| Owner Occupied HU | 2,874 (36.3%) |
| Renter Occupied HU | 3,917 (49.5%) |
| Vacant Housing Units | 1,119 (14.1%) |
| Median Home Value | $453,545 |
| Average Home Value | $501,014 |
Housing Distribution
Address Breakdown
Residential
7,993
Single Family
7,494
Multi-Family
499
Businesses
596
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Listed by: Stephen Leaumont • Homesmart Realty South
Mls Name: GSREIN
Mls ID: #2538323