760 Magazine St APT 207New OrleansLA70130
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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
Rental property for sale in New Orleans at 760 Magazine St APT 207, New Orleans, LA, 70130 generates $2,143/mo in rent and, after a $1,564/mo payment, leaves $164/mo in cash flow. Total monthly income is $2,143/mo, and annual cash flow is $1,964/yr on $105,914 invested. Return on cash invested sits at 21.76% in year one, and rental yield is 8.05% on a $319,500 entry. Equity gained on principal adds $2,062/yr, while 5% annual appreciation builds toward $88,272 over five years. Five-year ROI reaches 112.8% and total cumulative return in cash sums $119,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: Shaun Talbot • Talbot Realty Group
Mls Name: GSREIN
Mls ID: #2536221