939 7th StNew OrleansLA70115
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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
Investment Highlights
Investment property for sale in New Orleans at 939 7th St, New Orleans, LA, 70115 offers a 9.5% rental yield on a $579,000 purchase with $4,584/mo rent. Total monthly income registers $4,584/mo, and a $2,834/mo payment leaves $997/mo available for distribution. Annual cash flow reaches $11,968/yr on $190,491 to close, and return on cash invested stands at 26.34% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 137.32% and total cumulative return in cash at $261,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,584/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1830
2,210 sqft lot
$N/A/sqft
No HOA
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Listed by: Chris Smith • Keller Williams Realty New Orleans
Mls Name: GSREIN
Mls Provider:
Mls ID: #2501805
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.