835 Julia St #5New OrleansLA70113
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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 835 Julia St #5, New Orleans, LA, 70113 generates $1,580/mo in rent and, after a $1,077/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $2,604/yr on $72,930 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 8.62% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 121.99% and total cumulative return in cash sums $88,967. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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Listed by: Drew Restivo • 504 Realty
Mls Name: GSREIN
Mls ID: #2515307