922 Elysian Fields Ave APT CNew OrleansLA70117
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 922 Elysian Fields Ave APT C, New Orleans, LA, 70117 in New Orleans earns a 11.45% gross yield at $210,000. Rent of $2,004/mo nets $403/mo after the $944/mo mortgage. The 2.12 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $58,019 and $1,934/yr in equity accumulation project a total cumulative return of $124,903.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 5.2% |
| Monthly Cash Flow | $403 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,004 |
| Total Monthly Debt Service | $1,217 |
| DSCR Ratio | 1.65x |
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.
Condo
Built in 1887
1,028 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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
Condo
Built in 1887
1,028 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSREIN
Mls ID: #2551218