940 Orleans Ave UNIT 6New OrleansLA70116
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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 $1,972/mo, and a $1,615/mo payment. Purchase price stands at $330,000, and rental yield measures 7.17% with $1,972/mo rent. Return on cash invested shows 19.12% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 98.59% and total cumulative return in cash records $107,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,972/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1912
500.94 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: Ryan Rogers • Snap Realty
Mls Name: GSREIN
Mls ID: #2533836