920 Poeyfarre St APT 321New OrleansLA70130
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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
Rental property for sale in New Orleans at 920 Poeyfarre St APT 321, New Orleans, LA, 70130 generates $3,193/mo in rent and, after a $1,762/mo payment, leaves $963/mo in cash flow. Total monthly income is $3,193/mo, and annual cash flow is $11,556/yr on $119,340 invested. Return on cash invested sits at 29.59% in year one, and rental yield is 10.64% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 154.76% and total cumulative return in cash sums $184,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,193/mo property income rather than buyer’s personal income.
Condo
Built in 1882
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70130, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,642 (100%) |
| Owner Occupied HU | 2,914 (25.0%) |
| Renter Occupied HU | 5,842 (50.2%) |
| Vacant Housing Units | 2,886 (24.8%) |
| Median Home Value | $581,655 |
| Average Home Value | $726,576 |
Housing Distribution
Address Breakdown
Residential
11,455
Single Family
5,270
Multi-Family
6,185
Businesses
2,549
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Listed by: Ansley Marshall • McEnery Residential, LLC
Mls Name: GSREIN
Mls ID: #2530603