2237-39 Harmony StNew OrleansLA70115
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2237-39 Harmony St, New Orleans, LA, 70115 in New Orleans speaks for itself: 12.62% gross on a $139,900 price, generating $1,471/mo in rent and $604/mo in net income after the $629/mo debt service. DSCR 2.34, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,253 stacks alongside $38,652 in projected five-year appreciation and $1,288/yr in principal reduction. Projected total cumulative return: $91,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 5.2% |
| Monthly Cash Flow | $604 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,471 |
| Total Monthly Debt Service | $811 |
| DSCR Ratio | 1.81x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2008
1,738 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 2008
1,738 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Klotz • Audubon Realty, LLC
Mls Name: GSREIN
Mls ID: #2538568