738 English Turn LnNew OrleansLA70131
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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 738 English Turn Ln, New Orleans, LA, 70131 listed at $1,699,000 pairs $3,000/mo rent with a $8,316/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 2.52% in year one, and rental yield registers 2.12% at a $1,699,000 basis. Equity gained on principal adds $10,963/yr, and annual property appreciation at 5% supports $469,402 by year five. Five-year ROI tracks 10.05% and total cumulative return in cash totals $55,313. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $8,316/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
3.25 Acres lot
$N/A/sqft
$1,650 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,878 (100%) |
| Owner Occupied HU | 6,671 (56.2%) |
| Renter Occupied HU | 4,083 (34.4%) |
| Vacant Housing Units | 1,124 ( 9.5%) |
| Median Home Value | $251,942 |
| Average Home Value | $315,137 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,528
Multi-Family
2,734
Businesses
223
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Listed by: Kelly Waltemath Wall • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507289
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.