12 Carriage Ln #12New 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
Investment property for sale in New Orleans at 12 Carriage Ln #12, New Orleans, LA, 70114 earns $126/mo cash flow from $1,062/mo rent with a $661/mo payment. Total monthly income totals $1,062/mo, and annual cash flow totals $1,506/yr on $44,753 capital. ROI tracks 23.27% on current figures, and rental yield reads 9.44% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash sums $54,565. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,062/mo property income instead of your personal income.
Condo
Built in 1981
3,411 sqft lot
$N/A/sqft
No HOA
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Listed by: Danette O'Neal • Danette O'Neal REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2492454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.