1615 Bodenger BlvdNew 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 1615 Bodenger Blvd, New Orleans, LA, 70114 priced at $177,900 converts $1,540/mo rent into $438/mo cash flow after a $871/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $5,253/yr on $58,974 invested. Return on cash invested prints 28.82% in year one, and rental yield reads 10.39% against a $177,900 entry. Equity gained on principal adds $1,148/yr, while 5% annual appreciation compiles into $49,150 by year five. Five-year ROI reaches 150.63% and total cumulative return in cash sums $88,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1939
3,050 sqft lot
$N/A/sqft
No HOA
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Listed by: Danette O'Neal • Danette O'Neal REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2490082
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