1127 Congress St, New Orleans, LA, 70117 | $889/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Investment Property+ 2 more

5 Bed
3 Bath
3426 sft

8860-62 Apricot St, New Orleans, LA, 70118

5 Bed
4 Bath
2437 sft

1415 Frankfort St, New Orleans, LA, 70122

5 Bed
3 Bath
2525 sft

124 W Esplanade Ave, Kenner, LA, 70065

4 Bed
2 Bath
1403 sft

3009 Sundorn St, Jefferson, LA, 70121

Nearby investment properties with comparable prices

Investment Property+ 1 more

6 Bed
4 Bath
2188 sft

2121-23 Octavia Dr, Chalmette, LA, 70043

Comstock III B Plan, The Reserve at Heather Oaks

4 Bed
2 Bath
2314 sft

Comstock III B Plan, The Reserve at Heather Oaks, Luling, LA, 70070

Comstock III H - Heather Oaks Plan, The Reserve at Heather Oaks

4 Bed
2 Bath
2314 sft

Comstock III H - Heather Oaks Plan, The Reserve at Heather Oaks, Luling, LA, 70070

Comstock III A Plan, The Reserve at Heather Oaks

4 Bed
2 Bath
2314 sft

Comstock III A Plan, The Reserve at Heather Oaks, Luling, LA, 70070

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New Orleans at 1127 Congress St, New Orleans, LA, 70117 generates $3,677/mo in rent and, after a $2,203/mo payment, leaves $889/mo in cash flow. Total monthly income is $3,677/mo, and annual cash flow is $10,668/yr on $149,175 invested. Return on cash invested sits at 27.06% in year one, and rental yield is 9.81% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 141.19% and total cumulative return in cash sums $210,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,677/mo property income rather than buyer’s personal income.

Single Family

Built in 1930

3,430 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,497 (100%)
Owner Occupied HU	6,234 (37.8%)
Renter Occupied HU	7,290 (44.2%)
Vacant Housing Units	2,973 (18.0%)
Median Home Value	$297,388
Average Home Value	$417,629