2634-36 Joseph St, New Orleans, LA, 70115 | $772/mo Cash Flow

For Sale

Currently Rented

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 2634-36 Joseph St, New Orleans, LA, 70115 uses $165,419 cash to close to unlock $9,268/yr annual cash flow and $772/mo monthly cash flow. Total monthly income runs $3,863/mo, and a $2,442/mo payment keeps the spread at $772/mo. Purchase price stands at $499,000, and rental yield measures 9.29% with $3,863/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 132.9% and total cumulative return in cash records $219,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,863/mo property income covering a $2,442/mo payment rather than investor’s personal income.

Multi Family

Built in 1930

5,390 sqft lot

$N/A/sqft

No HOA