3408 Vespasian 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 3408 Vespasian St, New Orleans, LA, 70114 priced at $129,000 pairs $984/mo rent with $185/mo cash flow after a $631/mo payment. Total monthly income equals $984/mo, and annual cash flow comes to $2,224/yr on $42,764 invested. Return on cash invested is 25.11% in year one, and rental yield stands at 9.15% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 130.8% and total cumulative return in cash reaches $55,933. For financing, Ziffy Mortgage’s DSCR program evaluates $984/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
3,000 sqft lot
$N/A/sqft
No HOA
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Listed by: John Hoa Nguyen • People's Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2456194
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