7524 Michigan StNew OrleansLA70128
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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 7524 Michigan St, New Orleans, LA, 70128 earns $265/mo cash flow from $1,410/mo rent with a $905/mo payment. Total monthly income totals $1,410/mo, and annual cash flow totals $3,176/yr on $61,294 capital. ROI tracks 25.09% on current figures, and rental yield reads 9.15% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 130.63% and total cumulative return in cash sums $80,071. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,410/mo property income instead of your personal income.
Single Family
Built in 1986
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70128, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,460 (59.6%) |
| Renter Occupied HU | 2,241 (30.0%) |
| Vacant Housing Units | 779 (10.4%) |
| Median Home Value | $242,435 |
| Average Home Value | $291,626 |
Housing Distribution
Address Breakdown
Residential
7,332
Single Family
6,256
Multi-Family
1,076
Businesses
144
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Listed by: Jeannine Relf • J. RELF REALTY, INC.
Mls Name: GSREIN
Mls ID: #2522486