1208 Shirley DrNew 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 1208 Shirley Dr, New Orleans, LA, 70114 generates $1,492/mo in rent and, after a $1,080/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,492/mo, and annual cash flow is $1,503/yr on $73,115 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 8.12% on a $220,557 entry. Equity gained on principal adds $1,423/yr, while 5% annual appreciation builds toward $60,936 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash sums $83,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,492/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: homecoin.com Minerick • Homecoin.com
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024017367
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. Copyright 2024 ROAM MLS.