2927 Palmyra StNew OrleansLA70119
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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
Investment Highlights
Rental property for sale in New Orleans at 2927 Palmyra St, New Orleans, LA, 70119 priced at $419,000 pairs $3,358/mo rent with $762/mo cash flow after a $2,051/mo payment. Total monthly income equals $3,358/mo, and annual cash flow comes to $9,148/yr on $138,899 invested. Return on cash invested is 26.49% in year one, and rental yield stands at 9.62% on a $419,000 basis. Equity gained on principal adds $2,704/yr, and 5% annual appreciation accumulates to $115,762 by year five. Five-year ROI measures 138.18% and total cumulative return in cash reaches $191,933. For financing, Ziffy Mortgage’s DSCR program evaluates $3,358/mo property income against a $2,051/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
3,841 sqft 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 |
Housing Distribution
Address Breakdown
Residential
21,580
Single Family
18,442
Multi-Family
3,138
Businesses
1,860
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Listed by: Christopher Hakenjos • RE/MAX Living
Mls Name: GSREIN
Mls Provider:
Mls ID: #2475654
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.