3313-15 Dryades StNew OrleansLA70115
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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
Investment property for sale in New Orleans at 3313-15 Dryades St, New Orleans, LA, 70115 offers a 10.69% rental yield on a $295,000 purchase with $2,629/mo rent. Total monthly income registers $2,629/mo, and a $1,444/mo payment leaves $802/mo available for distribution. Annual cash flow reaches $9,618/yr on $97,793 to close, and return on cash invested stands at 29.74% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 155.61% and total cumulative return in cash at $152,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,629/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1945
3,751 sqft lot
$N/A/sqft
No HOA
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Listed by: Joan Harris • KELLER WILLIAMS REALTY 504-207-2007
Mls Name: GSREIN
Mls Provider:
Mls ID: #2474556
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