4324-26 Freret StNew OrleansLA70115
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 4324-26 Freret St, New Orleans, LA, 70115 in New Orleans. Priced at $174,000, it generates $1,799/mo in gross rent and $721/mo in net monthly cash flow, a 12.41% yield that comfortably supports the 2.30 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,654. Five-year appreciation: $48,073. Equity from principal paydown: $1,603/yr. Total projected cumulative return: $112,421.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 5.2% |
| Monthly Cash Flow | $721 | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,799 |
| Total Monthly Debt Service | $1,009 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1920
4,500 sqft lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1920
4,500 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Bookhardt • United Real Estate Partners LLC
Mls Name: GSREIN
Mls ID: #2523370