2316 Soniat St, New Orleans, LA, 70115 | $218/mo Cash Flow

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1986 sft

2513 W Catawba Dr, Harvey, LA, 70058

4 Bed
3 Bath
1888 sft

5630 Norland Ave, New Orleans, LA, 70131

Rental Income+ 1 more

4 Bed
2 Bath
2166 sft

2529 Aubry St, New Orleans, LA, 70119

4 Bed
- Bath
1700 sft

2218 Lafreniere St, New Orleans, LA, 70122

Nearby investment properties with comparable prices

3 Bed
2 Bath
1603 sft

1901 Eisenhower Ave, Metairie, LA, 70003

3 Bed
3 Bath
1692 sft

5727 Burgundy St, New Orleans, LA, 70117

4 Bed
3 Bath
2340 sft

8412 Colonel Dr, Chalmette, LA, 70043

5 Bed
3 Bath
2100 sft

2201 Amelia St, New Orleans, LA, 70115

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Orleans at 2316 Soniat St, New Orleans, LA, 70115 uses $116,025 cash to close to unlock $2,616/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,713/mo payment keeps the spread at $218/mo. Purchase price stands at $350,000, and rental yield measures 8.18% with $2,386/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash records $133,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in N/A

4,200 sqft lot

$N/A/sqft

No HOA