1029 Terry StNew OrleansLA70114
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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 1029 Terry St, New Orleans, LA, 70114 with 5% annual appreciation on a $114,900 basis while $863/mo rent supports operations. Total monthly income totals $863/mo and a $562/mo payment preserves $152/mo for cash returns. Annual cash flow comes to $1,820/yr on $38,089 deployed, and return on cash invested reaches 24.69% in year one. Equity gained on principal adds $741/yr, and five-year appreciation sums $31,745 alongside rental yield of 9.01%. Five-year ROI measures 128.48% and total cumulative return in cash totals $48,938.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $863/mo property income versus a $562/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
5,183 sqft lot
$N/A/sqft
No HOA
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Listed by: Aimee Curole • 23 Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492927
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