809 Saint Ferdinand St #11New OrleansLA70117
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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 809 Saint Ferdinand St #11, New Orleans, LA, 70117 generates $3,085/mo in rent, after a $4,155/mo payment. Total monthly income is $3,085/mo. Return on cash invested sits at 10.72% in year one, and rental yield is 4.36% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 53.55% and total cumulative return in cash sums $149,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,085/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: M. Michael Bain • Crescent Sotheby's International
Mls Name: GSREIN
Mls Provider:
Mls ID: #2464499
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