4808 Magazine St APT D, New Orleans, LA, 70115 | $140/mo Cash Flow

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Orleans at 4808 Magazine St APT D, New Orleans, LA, 70115 offers a 8.08% rental yield on a $259,000 purchase with $1,745/mo rent. Total monthly income registers $1,745/mo, and a $1,268/mo payment leaves $140/mo available for distribution. Annual cash flow reaches $1,684/yr on $85,859 to close, and return on cash invested stands at 21.87% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 113.4% and total cumulative return in cash at $97,360. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,745/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1902

N/A lot

$N/A/sqft

No HOA