1306 7th St #1306New OrleansLA70115
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.77% gross rental yield, 1306 7th St #1306, New Orleans, LA, 70115 in New Orleans is priced for capital growth, not immediate cash flow. The $435,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $120,182 by year five, with $4,006/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.07) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $126,271.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.2% |
| Monthly Cash Flow | $(1,122) | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,093 |
| Total Monthly Debt Service | $2,522 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1896
4,572 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1896
4,572 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Matthews • HGI Realty, LLC
Mls Name: GSREIN
Mls ID: #2539036