1901 Horace 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
Rental property for sale in New Orleans at 1901 Horace St, New Orleans, LA, 70114 generates $1,701/mo in rent and, after a $1,170/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,701/mo, and annual cash flow is $2,644/yr on $79,229 invested. Return on cash invested sits at 23.25% in year one, and rental yield is 8.54% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 120.79% and total cumulative return in cash sums $95,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,701/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
10,798 sqft lot
$N/A/sqft
No HOA
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Listed by: Monica Mitchell • KELLER WILLIAMS REALTY 504-207-2007
Mls Name: GSREIN
Mls Provider:
Mls ID: #2458991
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