329 Whitney AveNew 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 329 Whitney Ave, New Orleans, LA, 70114 offers $3,183/mo rent that, after a $1,468/mo payment, leaves $1,303/mo cash flow. Total monthly income is $3,183/mo, and annual cash flow is $15,638/yr on $99,417 cash. Return on cash invested measures 35.64% in year one, and rental yield stands at 12.74% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 187.34% and total cumulative return in cash reaches $186,244. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,183/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,679 sqft lot
$N/A/sqft
No HOA
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Listed by: Michael Verderosa • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499937
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.