1615 Evelina St, New Orleans, LA, 70114 | $640/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 1615 Evelina St, New Orleans, LA, 70114 earns $640/mo cash flow from $1,662/mo rent with a $808/mo payment. Total monthly income totals $1,662/mo, and annual cash flow totals $7,674/yr on $54,698 capital. ROI tracks 33.94% on current figures, and rental yield reads 12.09% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 178.12% and total cumulative return in cash sums $97,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,662/mo property income instead of your personal income.

Multi Family

Built in 1950

4,883 sqft lot

$N/A/sqft

No HOA