3216 Bringier StNew OrleansLA70114
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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 3216 Bringier St, New Orleans, LA, 70114 offers $862/mo rent that, after a $538/mo payment, leaves $181/mo cash flow. Total monthly income is $862/mo, and annual cash flow is $2,172/yr on $36,465 cash. Return on cash invested measures 25.87% in year one, and rental yield stands at 9.4% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 134.76% and total cumulative return in cash reaches $49,140. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $862/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
5,160 sqft lot
$N/A/sqft
No HOA
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Listed by: Jerome Winder • LATTER & BLUM (LATT01)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2444360
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