1137 Michael St, New Orleans, LA, 70114 | $267/mo Cash Flow

For Sale

Listed for sale 4 days 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

Rental property for sale in New Orleans at 1137 Michael St, New Orleans, LA, 70114 generates $1,320/mo in rent and, after a $832/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $3,204/yr on $56,355 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.32% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash sums $75,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

5,074 sqft lot

$N/A/sqft

No HOA