909 Lafayette St APT 10New OrleansLA70113
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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 $2,964/mo, and a $3,519/mo payment. Purchase price stands at $719,000, and rental yield measures 4.95% with $2,964/mo rent. Return on cash invested shows 12.5% in year one, and 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 63.11% and total cumulative return in cash records $149,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,964/mo property income covering a $3,519/mo payment rather than investor’s personal income.
Condo
Built in 1915
453.02 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70113, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 975 (16.7%) |
| Renter Occupied HU | 3,741 (63.9%) |
| Vacant Housing Units | 1,136 (19.4%) |
| Median Home Value | $354,392 |
| Average Home Value | $535,695 |
Housing Distribution
Address Breakdown
Residential
5,399
Single Family
3,773
Multi-Family
1,626
Businesses
579
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Listed by: Caitlin Brewster • REVE, REALTORS
Mls Name: GSREIN
Mls ID: #2537404