813 Spain StNew 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
Investment property for sale in New Orleans at 813 Spain St, New Orleans, LA, 70117 listed at $885,000 pairs $4,078/mo rent with a $4,332/mo payment. Total monthly income runs $4,078/mo. Return on cash invested measures 14.27% in year one, and rental yield registers 5.53% at a $885,000 basis. Equity gained on principal adds $5,711/yr, and annual property appreciation at 5% supports $244,509 by year five. Five-year ROI tracks 72.59% and total cumulative return in cash totals $211,350. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,078/mo property income relative to a $4,332/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1880
4,032 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: Tony Bertucci • NOLA Living Realty
Mls Name: GSREIN
Mls ID: #2533412