8517-35 Forshey StNew OrleansLA70118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8517-35 Forshey St, New Orleans, LA, 70118 in New Orleans hard to pass up. The 11.13% gross yield on a $880,000 purchase results in $8,160/mo in rent and $2,709/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.06). Annual cash flow of $32,506, five-year appreciation of $243,128, and $8,105/yr in equity build-up combine for a projected total cumulative return of $508,005.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.2% |
| Monthly Cash Flow | $2,709 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,160 |
| Total Monthly Debt Service | $5,101 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1920
0.44 Acres 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
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
Multi Family
Built in 1920
0.44 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mason McCullough • Bridgewater Realty Advisors, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499497
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.