1730 Erie StNew 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 1730 Erie St, New Orleans, LA, 70114 listed at $103,500 pairs $1,348/mo rent with a $507/mo payment to leave $706/mo cash flow. Total monthly income runs $1,348/mo, and annual cash flow reaches $8,477/yr on $34,310 cash to close. Return on cash invested measures 44.62% in year one, and rental yield registers 15.63% at a $103,500 basis. Equity gained on principal adds $668/yr, and annual property appreciation at 5% supports $28,595 by year five. Five-year ROI tracks 235.45% and total cumulative return in cash totals $80,783. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,348/mo property income relative to a $507/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
3,123 sqft lot
$N/A/sqft
No HOA
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Listed by: Marcus Reine • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503590
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