801 Saint Joseph St APT 7New OrleansLA70113
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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 801 Saint Joseph St APT 7, New Orleans, LA, 70113 offers $5,939/mo rent that, after a $3,959/mo payment. Total monthly income is $5,939/mo. Return on cash invested measures 18.64% in year one, and rental yield stands at 8.81% at a $808,800 entry. Equity gained on principal adds $5,219/yr while 5% annual appreciation compounds into $223,457 by year five. Five-year ROI records 98.06% and total cumulative return in cash reaches $260,926. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,939/mo property income versus a $3,959/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
1,043 sqft lot
$N/A/sqft
$1,243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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