9408 Palmetto StNew OrleansLA70118
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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 9408 Palmetto St, New Orleans, LA, 70118 generates $1,130/mo in rent and, after a $710/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,130/mo, and annual cash flow is $2,778/yr on $48,068 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.35% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 133.9% and total cumulative return in cash sums $64,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,130/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,455 (40.4%) |
| Renter Occupied HU | 7,143 (44.7%) |
| Vacant Housing Units | 2,399 (15.0%) |
| Median Home Value | $468,215 |
| Average Home Value | $623,943 |
Housing Distribution
Address Breakdown
Residential
16,224
Single Family
14,534
Multi-Family
1,690
Businesses
796
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Listed by: Maria Aleman • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2470303
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