7018 S Claiborne AveNew OrleansLA70118
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
Investment Highlights
Investment property for sale in New Orleans at 7018 S Claiborne Ave, New Orleans, LA, 70118 earns $627/mo cash flow from $4,344/mo rent with a $2,937/mo payment. Total monthly income totals $4,344/mo, and annual cash flow totals $7,524/yr on $197,400 capital. ROI tracks 23.87% on current figures, and rental yield reads 8.69% at a $600,000 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 124.05% and total cumulative return in cash sums $244,884. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,344/mo property income instead of your personal income.
Multi Family
Built in 1933
4,074 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katherine Bosio • REVE, REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503787
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.