840 Tchoupitoulas St APT 211New OrleansLA70130
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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
Total monthly income runs $5,035/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 7.56% with $5,035/mo rent. Return on cash invested shows 14.65% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 76.73% and total cumulative return in cash records $201,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,035/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Condo
Built in 1894
0.27 Acres lot
$N/A/sqft
$1,270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: GiGi Burk • Burk Brokerage, LLC
Mls Name: Greater Southern MLS
Mls ID: #NAB24007056
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.