820 Solomon PlNew OrleansLA70119
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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 820 Solomon Pl, New Orleans, LA, 70119 uses $238,525 cash to close to unlock $2,130/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $4,669/mo, and a $3,549/mo payment keeps the spread at $178/mo. Purchase price stands at $725,000, and rental yield measures 7.73% with $4,669/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 108.42% and total cumulative return in cash records $258,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,669/mo property income covering a $3,549/mo payment rather than investor’s personal income.
Single Family
Built in 1929
5,309 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,320 (100%) |
| Owner Occupied HU | 6,212 (29.1%) |
| Renter Occupied HU | 12,249 (57.5%) |
| Vacant Housing Units | 2,859 (13.4%) |
| Median Home Value | $392,649 |
| Average Home Value | $472,383 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Breck R Meeks • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2530780