2921 Lepage St, New Orleans, LA, 70119 | 3.44% Rental Yield

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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

Total monthly income runs $2,855/mo, and a $4,870/mo payment. Purchase price stands at $995,000, and rental yield measures 3.44% with $2,855/mo rent. Return on cash invested shows 7.93% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 38.59% and total cumulative return in cash records $126,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $4,870/mo payment rather than investor’s personal income.

Multi Family

Built in 1913

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70119, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,320 (100%)
Owner Occupied HU	6,212 (29.1%)
Renter Occupied HU	12,249 (57.5%)
Vacant Housing Units	2,859 (13.4%)
Median Home Value	$392,649
Average Home Value	$472,383