602 8th StNew OrleansLA70115
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Nearby investment properties with comparable prices
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
Rental property for sale in New Orleans at 602 8th St, New Orleans, LA, 70115 generates $3,970/mo in rent, after a $3,549/mo payment. Total monthly income is $3,970/mo. Return on cash invested sits at 16.09% in year one, and rental yield is 6.57% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 82.83% and total cumulative return in cash sums $197,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,970/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
4,530 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Sandra Rousselle • 1 Percent Lists
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503474
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