2113 Harmony 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 2113 Harmony St, New Orleans, LA, 70115 generates $2,280/mo in rent and, after a $1,429/mo payment, leaves $383/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $4,591/yr on $96,798 invested. Return on cash invested sits at 24.65% in year one, and rental yield is 9.37% on a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash sums $124,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
2,644 sqft lot
$N/A/sqft
No HOA
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Listed by: Bradley Romig • Reese & Company Real Estate, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2510485
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.