7351 Poitevent StNew OrleansLA70127
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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 7351 Poitevent St, New Orleans, LA, 70127 uses $35,924 cash to close to unlock $2,065/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $843/mo, and a $530/mo payment keeps the spread at $172/mo. Purchase price stands at $108,368, and rental yield measures 9.33% with $843/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $29,940 over five years. Five-year ROI reaches 133.82% and total cumulative return in cash records $48,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $843/mo property income covering a $530/mo payment rather than investor’s personal income.
Single Family
Built in 1987
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70127, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 4,382 (42.1%) |
| Renter Occupied HU | 5,014 (48.2%) |
| Vacant Housing Units | 1,015 ( 9.7%) |
| Median Home Value | $218,265 |
| Average Home Value | $295,266 |
Housing Distribution
Address Breakdown
Residential
10,378
Single Family
7,539
Multi-Family
2,839
Businesses
643
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Listed by: Shaimiene Gauthreaux • CBTEC METAIRIE
Mls Name: GSREIN
Mls ID: #2519873