524-26 Ptolemy St, New Orleans, LA, 70114 | $498/mo Cash Flow

For Sale

Currently Rented

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 524-26 Ptolemy St, New Orleans, LA, 70114 uses $43,095 cash to close to unlock $5,976/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,303/mo, and a $636/mo payment keeps the spread at $498/mo. Purchase price stands at $130,000, and rental yield measures 12.03% with $1,303/mo rent. Return on cash invested shows 33.78% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 177.21% and total cumulative return in cash records $76,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,303/mo property income covering a $636/mo payment rather than investor’s personal income.

Multi Family

Built in 1930

3,200 sqft lot

$N/A/sqft

No HOA