516 Alix St, New Orleans, LA, 70114 | $237/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

Investment property for sale in New Orleans at 516 Alix St, New Orleans, LA, 70114 uses $197,367 cash to close to unlock $2,846/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $3,953/mo, and a $2,936/mo payment keeps the spread at $237/mo. Purchase price stands at $599,900, and rental yield measures 7.91% with $3,953/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash records $219,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,953/mo property income covering a $2,936/mo payment rather than investor’s personal income.

Single Family

Built in 1910

3,094 sqft lot

$N/A/sqft

No HOA