2638-40 Louisiana Ave, New Orleans, LA, 70115 | $394/mo Cash Flow

For Sale

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

Rental property for sale in New Orleans at 2638-40 Louisiana Ave, New Orleans, LA, 70115 generates $3,336/mo in rent and, after a $2,325/mo payment, leaves $394/mo in cash flow. Total monthly income is $3,336/mo, and annual cash flow is $4,722/yr on $157,463 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 8.43% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 118.94% and total cumulative return in cash sums $187,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,336/mo property income rather than buyer’s personal income.

Multi Family

Built in 1946

3,484 sqft lot

$N/A/sqft

No HOA