835 Esplanade Ave #DNew 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 835 Esplanade Ave #D, New Orleans, LA, 70116 with 5% annual appreciation on a $425,000 basis while $2,635/mo rent supports operations. Total monthly income totals $2,635/mo and a $2,080/mo payment preserves $3/mo for cash returns. Annual cash flow comes to $30/yr on $140,888 deployed, and return on cash invested reaches 19.93% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 7.44%. Five-year ROI measures 102.97% and total cumulative return in cash totals $145,073.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,635/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1833
649.04 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: Michelle LaBanca • Compass Historic (LATT09)
Mls Name: GSREIN
Mls ID: #2529824