936 Esplanade AveNew OrleansLA70116
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
Investment Highlights
Rental property for sale in New Orleans at 936 Esplanade Ave, New Orleans, LA, 70116 priced at $1,999,000 pairs $2,040/mo rent with after a $9,784/mo payment. Total monthly income equals $2,040/mo. Return on cash invested is 1.21% in year one, and rental yield stands at 1.22% on a $1,999,000 basis. Equity gained on principal adds $12,899/yr, and 5% annual appreciation accumulates to $552,287 by year five. Five-year ROI measures 2.46% and total cumulative return in cash reaches $15,953. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $9,784/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1889
3,424 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70116, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,811 (100%) |
| Owner Occupied HU | 2,243 (22.9%) |
| Renter Occupied HU | 4,387 (44.7%) |
| Vacant Housing Units | 3,181 (32.4%) |
| Median Home Value | $456,334 |
| Average Home Value | $578,875 |
Housing Distribution
Address Breakdown
Residential
8,406
Single Family
6,376
Multi-Family
2,030
Businesses
902
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Listed by: Tricia King • LATTER & BLUM (LATT28)
Mls Name: GSREIN
Mls ID: #2519153