1240 Merrill St, New Orleans, LA, 70114 | $267/mo Cash Flow

For Sale

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

Investment property for sale in New Orleans at 1240 Merrill St, New Orleans, LA, 70114 uses $51,383 cash to close to unlock $3,198/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $1,227/mo, and a $759/mo payment keeps the spread at $267/mo. Purchase price stands at $155,000, and rental yield measures 9.5% with $1,227/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 136.26% and total cumulative return in cash records $70,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,227/mo property income covering a $759/mo payment rather than investor’s personal income.

Single Family

Built in 1951

5,144 sqft lot

$N/A/sqft

No HOA