823 Barracks StNew OrleansLA70116
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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 823 Barracks St, New Orleans, LA, 70116 at $1,050,000 posts ROI 15.06% with from $5,000/mo rent. Total monthly income equals $5,000/mo. Return on cash invested measures 15.06% and rental yield reads 5.71% at the current $1,050,000. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 by year five. Five-year ROI prints 76.77% and total cumulative return in cash totals $261,173. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1850
2,286 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Mason McCullough • Bridgewater Realty Advisors, LLC
Mls Name: GSREIN
Mls ID: #2536799