310 N Millet St, Gramercy, LA, 70052 | $854/mo Cash Flow

Off market

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 Gramercy at 310 N Millet St, Gramercy, LA, 70052 offers $2,084/mo rent that, after a $972/mo payment, leaves $854/mo cash flow. Total monthly income is $2,084/mo, and annual cash flow is $10,247/yr on $65,803 cash. Return on cash invested measures 35.48% in year one, and rental yield stands at 12.6% at a $198,500 entry. Equity gained on principal adds $1,281/yr while 5% annual appreciation compounds into $54,842 by year five. Five-year ROI records 186.35% and total cumulative return in cash reaches $122,621. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,084/mo property income versus a $972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.30 Acres lot

$N/A/sqft

No HOA