2925 Palmer Ave, New Orleans, LA, 70118 | 6.32% Rental Yield

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

Total monthly income runs $3,397/mo, and a $3,157/mo payment. Purchase price stands at $645,000, and rental yield measures 6.32% with $3,397/mo rent. Return on cash invested shows 16.68% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 85.48% and total cumulative return in cash records $181,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,397/mo property income covering a $3,157/mo payment rather than investor’s personal income.

Single Family

Built in 1929

5,906 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70118, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,997 (100%)
Owner Occupied HU	6,455 (40.4%)
Renter Occupied HU	7,143 (44.7%)
Vacant Housing Units	2,399 (15.0%)
Median Home Value	$468,215
Average Home Value	$623,943