2416 Amelia StNew OrleansLA70115
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 2416 Amelia St, New Orleans, LA, 70115 in New Orleans earns a 7.94% gross yield at $525,000. Rent of $3,475/mo nets $223/mo after the $2,361/mo mortgage. The 1.47 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $145,048 and $4,835/yr in equity accumulation project a total cumulative return of $213,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.2% |
| Monthly Cash Flow | $223 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,475 |
| Total Monthly Debt Service | $3,043 |
| DSCR Ratio | 1.14x |
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.
Single Family
Built in 1936
3,950 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
Single Family
Built in 1936
3,950 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TroyLynne Perrault • Compass Garden District (LATT18)
Mls Name: GSREIN
Mls ID: #2528679