9012 Oleander StNew 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 9012 Oleander St, New Orleans, LA, 70118 uses $50,686 cash to close to unlock $2,895/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,188/mo, and a $748/mo payment keeps the spread at $241/mo. Purchase price stands at $152,900, and rental yield measures 9.32% with $1,188/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $42,243 over five years. Five-year ROI reaches 133.56% and total cumulative return in cash records $67,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,188/mo property income covering a $748/mo payment rather than investor’s personal income.
Single Family
Built in 1979
2,944 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: Angel Shulterbrandt • Dreux Perry & CO, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482164
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