1900 Philip St,New Orleans,LA,70115

Investment Highlights

Investment property for sale in New Orleans at 1900 Philip St, New Orleans, LA, 70115 listed at $769,900 pairs $8,800/mo rent with a $3,768/mo payment to leave $4,031/mo cash flow. Total monthly income runs $8,800/mo, and annual cash flow reaches $48,374/yr on $253,297 cash to close. Return on cash invested measures 39.16% in year one, and rental yield registers 13.72% at a $769,900 basis. Equity gained on principal adds $4,968/yr, and annual property appreciation at 5% supports $212,709 by year five. Five-year ROI tracks 206.05% and total cumulative return in cash totals $521,917. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,800/mo property income relative to a $3,768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).