2334 Marengo St, New Orleans, LA, 70115 | 3.11% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Orleans at 2334 Marengo St, New Orleans, LA, 70115 earns from $3,347/mo rent with a $6,314/mo payment. Total monthly income totals $3,347/mo. ROI tracks 7.04% on current figures, and rental yield reads 3.11% at a $1,290,000 purchase. Equity gained on principal adds $8,324/yr, and 5% annual appreciation supports $356,403 over five years. Five-year ROI reaches 33.72% and total cumulative return in cash sums $140,924. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,347/mo property income instead of your personal income.

Single Family

Built in 1942

9,000 sqft lot

$N/A/sqft

No HOA