529 Thayer 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
Investment property for sale in New Orleans at 529 Thayer St, New Orleans, LA, 70114 uses $187,530 cash to close to unlock $4,416/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $3,899/mo, and a $2,790/mo payment keeps the spread at $368/mo. Purchase price stands at $570,000, and rental yield measures 8.21% with $3,899/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $157,480 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash records $217,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,899/mo property income covering a $2,790/mo payment rather than investor’s personal income.
Single Family
Built in 2024
3,720 sqft lot
$N/A/sqft
No HOA
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Listed by: Michael Verderosa • LATTER & BLUM (LATT09)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499938
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.