1833 Milan StNew OrleansLA70115
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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 1833 Milan St, New Orleans, LA, 70115 offers $5,447/mo rent that, after a $7,141/mo payment. Total monthly income is $5,447/mo. Return on cash invested measures 11.25% in year one, and rental yield stands at 4.48% at a $1,459,000 entry. Equity gained on principal adds $9,415/yr while 5% annual appreciation compounds into $403,095 by year five. Five-year ROI records 56.35% and total cumulative return in cash reaches $266,367. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,447/mo property income versus a $7,141/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
5,366 sqft lot
$N/A/sqft
No HOA
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Listed by: Yvonne McCulla • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482344
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