1540 Richland RdNew 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 1540 Richland Rd, New Orleans, LA, 70114 offers a 9.15% rental yield on a $138,900 purchase with $1,059/mo rent. Total monthly income registers $1,059/mo, and a $680/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,381/yr on $46,045 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $896/yr while 5% annual appreciation supports $38,376 over five years. Portfolio math shows five-year ROI at 130.62% and total cumulative return in cash at $60,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,059/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
4,700 sqft lot
$N/A/sqft
No HOA
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Listed by: Christopher Talbot • Talbot Realty Group
Mls Name: GSREIN
Mls Provider:
Mls ID: #2480673
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