5936 Magazine St APT 8, New Orleans, LA, 70115 | $366/mo Cash Flow

For Sale

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 5936 Magazine St APT 8, New Orleans, LA, 70115 offers a 8.39% rental yield on a $460,000 purchase with $3,215/mo rent. Total monthly income registers $3,215/mo, and a $2,251/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,392/yr on $152,490 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,090 over five years. Portfolio math shows five-year ROI at 118.29% and total cumulative return in cash at $180,373. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,215/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1984

1,180 sqft lot

$N/A/sqft

No HOA