924 Amelia StNew OrleansLA70115
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 924 Amelia St, New Orleans, LA, 70115 in New Orleans at $640,000, 4.15% gross yield, is a market-growth asset. Rental yield 4.15%. The $2,214/mo rent partially funds the $2,878/mo debt service; the core return is the 5%/yr price growth projected to add $176,820 over five years. Ziffy Mortgage's DSCR mortgage (0.77) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $130,035.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 5.2% |
| Monthly Cash Flow | $(1,750) | $850 |
City averages based on New Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,214 |
| Total Monthly Debt Service | $3,710 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1921
3,450 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1921
3,450 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Walther • Witry Collective, L.L.C.
Mls Name: GSREIN
Mls ID: #2538272