1032 Michael St, New Orleans, LA, 70114 | $204/mo Cash Flow

For Sale

Listed for sale 1 day ago

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

Investment property for sale in New Orleans at 1032 Michael St, New Orleans, LA, 70114 uses $49,692 cash to close to unlock $2,450/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,133/mo, and a $734/mo payment keeps the spread at $204/mo. Purchase price stands at $149,900, and rental yield measures 9.07% with $1,133/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 129.39% and total cumulative return in cash records $64,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,133/mo property income covering a $734/mo payment rather than investor’s personal income.

Single Family

Built in 1978

6,150 sqft lot

$N/A/sqft

No HOA