103 N Millet Ave, Gramercy, LA, 70052 | 6.26% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Gramercy at 103 N Millet Ave, Gramercy, LA, 70052 priced at $230,000 converts $1,200/mo rent into after a $1,126/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 16.37% in year one, and rental yield reads 6.26% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 83.83% and total cumulative return in cash sums $63,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,126/mo payment, not borrower’s personal income.

Single Family

Built in 1968

0.25 Acres lot

$N/A/sqft

No HOA