7608 Saint Charles Ave APT ANew OrleansLA70118
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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 7608 Saint Charles Ave APT A, New Orleans, LA, 70118 generates $1,886/mo in rent and, after a $1,060/mo payment, leaves $450/mo in cash flow. Total monthly income is $1,886/mo, and annual cash flow is $5,398/yr on $71,770 invested. Return on cash invested sits at 27.43% in year one, and rental yield is 10.45% on a $216,500 entry. Equity gained on principal adds $1,397/yr, while 5% annual appreciation builds toward $59,815 over five years. Five-year ROI reaches 143.75% and total cumulative return in cash sums $103,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,886/mo property income rather than buyer’s personal income.
Condo
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: N/A • N/A
Mls Name: HomeSmart
Mls Provider:
Mls ID: #2457965