5940 Magazine St APT 102, New Orleans, LA, 70115 | 7.32% Rental Yield

Off market

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 5940 Magazine St APT 102, New Orleans, LA, 70115 offers a 7.32% rental yield on a $392,700 purchase with $2,394/mo rent. 83% in year one. Equity gained on principal adds $2,534/yr while 5% annual appreciation supports $108,496 over five years. Portfolio math shows five-year ROI at 82.34% and total cumulative return in cash at $107,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,394/mo property income against a $1,922/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2014

9,000 sqft lot

$N/A/sqft

$336 monthly HOA