1722-24 Hermosa StNew OrleansLA70114
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1722-24 Hermosa St, New Orleans, LA, 70114 in New Orleans earns its strong cash-flow label: 12.32% yield, $1,797/mo rent, $713/mo net income, DSCR 2.28. The $175,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $48,349 by year five. Combined with $1,612/yr in principal paydown, total projected return reaches $112,257.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 5.2% |
| Monthly Cash Flow | $713 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,797 |
| Total Monthly Debt Service | $1,014 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Multi Family
Built in 1940
5,998 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
Multi Family
Built in 1940
5,998 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa McClendon • Compass Uptown (LATT07)
Mls Name: GSREIN
Mls ID: #2518741