3705-07 Laurel StNew OrleansLA70115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3705-07 Laurel St, New Orleans, LA, 70115 listed at $835,000 pairs $8,800/mo rent with a $4,087/mo payment to leave $3,628/mo cash flow. Total monthly income runs $8,800/mo, and annual cash flow reaches $43,530/yr on $274,715 cash to close. Return on cash invested measures 35.91% in year one, and rental yield registers 12.65% at a $835,000 basis. Equity gained on principal adds $5,388/yr, and annual property appreciation at 5% supports $230,695 by year five. Five-year ROI tracks 188.6% and total cumulative return in cash totals $518,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,800/mo property income relative to a $4,087/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1966
3,335 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Bach • LATTER & BLUM (LATT07)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2495420
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.