1031-33 Nunez 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
Rental property for sale in New Orleans at 1031-33 Nunez St, New Orleans, LA, 70114 generates $1,321/mo in rent and, after a $636/mo payment, leaves $516/mo in cash flow. Total monthly income is $1,321/mo, and annual cash flow is $6,194/yr on $43,062 invested. Return on cash invested sits at 34.29% in year one, and rental yield is 12.2% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 180.09% and total cumulative return in cash sums $77,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,321/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
3,038 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Amanda Lewis • Axis Realty Group LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2461400
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