639 Patterson St, New Orleans, LA, 70114 | 6.67% Rental Yield

For Sale

Listed for sale 5 days ago

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 639 Patterson St, New Orleans, LA, 70114 earns from $3,052/mo rent with a $2,687/mo payment. Total monthly income totals $3,052/mo. ROI tracks 17.74% on current figures, and rental yield reads 6.67% at a $549,000 purchase. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 over five years. Five-year ROI reaches 91.22% and total cumulative return in cash sums $164,756. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,052/mo property income instead of your personal income.

Single Family

Built in 1902

2,550 sqft lot

$N/A/sqft

No HOA