330 Morgan St APT 501, New Orleans, LA, 70114 | 6.15% Rental Yield

For Sale

Rental Income

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

Investment property for sale in New Orleans at 330 Morgan St APT 501, New Orleans, LA, 70114 listed at $499,000 pairs $2,557/mo rent with a $2,442/mo payment. Total monthly income runs $2,557/mo. Return on cash invested measures 16.04% in year one, and rental yield registers 6.15% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 82.09% and total cumulative return in cash totals $135,798. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,557/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2003

701.32 sqft lot

$N/A/sqft

No HOA