2239 Peniston 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 2239 Peniston St, New Orleans, LA, 70115 priced at $400,000 pairs $3,127/mo rent with $649/mo cash flow after a $1,958/mo payment. Total monthly income equals $3,127/mo, and annual cash flow comes to $7,788/yr on $132,600 invested. Return on cash invested is 25.78% in year one, and rental yield stands at 9.38% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 134.33% and total cumulative return in cash reaches $178,120. For financing, Ziffy Mortgage’s DSCR program evaluates $3,127/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
5,060 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Rae Bryan • REVE, REALTORS
Mls Name: GSREIN
Mls Provider:
Mls ID: #2456372
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