2820 Milan St, New Orleans, LA, 70115 | $836/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

Investment property for sale in New Orleans at 2820 Milan St, New Orleans, LA, 70115 uses $107,406 cash to close to unlock $10,030/yr annual cash flow and $836/mo monthly cash flow. Total monthly income runs $2,843/mo, and a $1,586/mo payment keeps the spread at $836/mo. Purchase price stands at $324,000, and rental yield measures 10.53% with $2,843/mo rent. Return on cash invested shows 29.25% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 152.92% and total cumulative return in cash records $164,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,843/mo property income covering a $1,586/mo payment rather than investor’s personal income.

Multi Family

Built in 1967

3,598 sqft lot

$N/A/sqft

No HOA