8511 Spruce StNew OrleansLA70118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8511 Spruce St, New Orleans, LA, 70118 at $348,700 posts ROI 26.34% with $619/mo cash flow from $2,975/mo rent. Total monthly income equals $2,975/mo, and annual cash flow records $7,433/yr on $115,594 to close. Return on cash invested measures 26.34% and rental yield reads 10.24% at the current $348,700. Equity gained on principal adds $2,250/yr, and 5% annual appreciation supports $96,339 by year five. Five-year ROI prints 138.08% and total cumulative return in cash totals $159,614.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,975/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A