838-840 Elmira Ave, New Orleans, LA, 70114 | $568/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

Rental property for sale in New Orleans at 838-840 Elmira Ave, New Orleans, LA, 70114 generates $2,116/mo in rent and, after a $1,223/mo payment, leaves $568/mo in cash flow. Total monthly income is $2,116/mo, and annual cash flow is $6,818/yr on $82,842 invested. Return on cash invested sits at 28.14% in year one, and rental yield is 10.16% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 147.03% and total cumulative return in cash sums $121,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,116/mo property income rather than buyer’s personal income.

Multi Family

Built in 2019

3,968 sqft lot

$N/A/sqft

No HOA