938 Hidalgo StNew OrleansLA70124
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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 938 Hidalgo St, New Orleans, LA, 70124 with 5% annual appreciation on a $399,500 basis while $2,838/mo rent supports operations. Total monthly income totals $2,838/mo and a $1,955/mo payment preserves $361/mo for cash returns. Annual cash flow comes to $4,336/yr on $132,434 deployed, and return on cash invested reaches 23.18% in year one. Equity gained on principal adds $2,578/yr, and five-year appreciation sums $110,374 alongside rental yield of 8.52%. Five-year ROI measures 120.43% and total cumulative return in cash totals $159,495.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,838/mo property income versus a $1,955/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
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