723 Esplanade AveNew OrleansLA70116
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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 723 Esplanade Ave, New Orleans, LA, 70116 earns from $4,616/mo rent with a $7,489/mo payment. Total monthly income totals $4,616/mo. ROI tracks 8.6% on current figures, and rental yield reads 3.62% at a $1,530,000 purchase. Equity gained on principal adds $9,873/yr, and 5% annual appreciation supports $422,711 over five years. Five-year ROI reaches 42.11% and total cumulative return in cash sums $208,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,616/mo property income instead of your personal income.
Townhouse
Built in 1873
3,836 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Elisa Cool Murphy • Cool Murphy, LLC
Mls Name: GSREIN
Mls ID: #2534950