6201 Fairfax Pl, New Orleans, LA, 70131 | $294/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 6201 Fairfax Pl, New Orleans, LA, 70131 priced at $199,000 converts $1,527/mo rent into $294/mo cash flow after a $974/mo obligation. Total monthly income equals $1,527/mo, and annual cash flow totals $3,532/yr on $65,969 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.21% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 131.6% and total cumulative return in cash sums $86,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,527/mo property income covering a $974/mo payment, not borrower’s personal income.

Single Family

Built in 1970

6,600 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70131, New Orleans, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,878 (100%)
Owner Occupied HU	6,671 (56.2%)
Renter Occupied HU	4,083 (34.4%)
Vacant Housing Units	1,124 ( 9.5%)
Median Home Value	$251,942
Average Home Value	$315,137