8616 Oak St #208New OrleansLA70118
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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 8616 Oak St #208, New Orleans, LA, 70118 earns from $1,960/mo rent with a $1,835/mo payment. Total monthly income totals $1,960/mo. ROI tracks 16.41% on current figures, and rental yield reads 6.27% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 84.1% and total cumulative return in cash sums $104,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,960/mo property income instead of your personal income.
Condo
Built in 2017
1,158 sqft 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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Listed by: Sissy Blewster • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2516873