718 Lamanche StNew OrleansLA70117
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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
Rental property for sale in New Orleans at 718 Lamanche St, New Orleans, LA, 70117 offers $2,459/mo rent that, after a $1,444/mo payment, leaves $632/mo cash flow. Total monthly income is $2,459/mo, and annual cash flow is $7,578/yr on $97,793 cash. Return on cash invested measures 27.66% in year one, and rental yield stands at 10% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 144.42% and total cumulative return in cash reaches $141,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,459/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
5,039 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Nearby investment properties with comparable prices
Listed by: Raymond Bell • Service 1st Real Estate
Mls Name: GSREIN
Mls ID: #2510039