3408 Vespasian BlvdNew 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 3408 Vespasian Blvd, New Orleans, LA, 70114 priced at $129,000 converts $983/mo rent into $184/mo cash flow after a $631/mo obligation. Total monthly income equals $983/mo, and annual cash flow totals $2,212/yr on $42,764 invested. Return on cash invested prints 25.08% in year one, and rental yield reads 9.14% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 130.66% and total cumulative return in cash sums $55,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $983/mo property income covering a $631/mo payment, not borrower’s personal income.
Townhouse
Built in 1980
3,000 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: John Hoa Nguyen • People's Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2456194
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