1220 Octavia StNew OrleansLA70115
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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 1220 Octavia St, New Orleans, LA, 70115 listed at $1,550,000 pairs $5,231/mo rent with a $7,586/mo payment. Total monthly income runs $5,231/mo. Return on cash invested measures 9.93% in year one, and rental yield registers 4.05% at a $1,550,000 basis. Equity gained on principal adds $10,002/yr, and annual property appreciation at 5% supports $428,236 by year five. Five-year ROI tracks 49.22% and total cumulative return in cash totals $247,201. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,231/mo property income relative to a $7,586/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1919
4,784 sqft lot
$N/A/sqft
No HOA
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Listed by: Molly Wogan • McEnery Residential, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490800
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.