8308 Fairfax Dr, Chalmette, LA, 70043 | $889/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 Chalmette at 8308 Fairfax Dr, Chalmette, LA, 70043 offers a 11.25% rental yield on a $279,900 purchase with $2,623/mo rent. Total monthly income registers $2,623/mo, and a $1,370/mo payment leaves $889/mo available for distribution. Annual cash flow reaches $10,670/yr on $92,787 to close, and return on cash invested stands at 31.41% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 164.56% and total cumulative return in cash at $152,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,623/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

0.39 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70043, Chalmette, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,948 (100%)
Owner Occupied HU	4,768 (53.3%)
Renter Occupied HU	3,659 (40.9%)
Vacant Housing Units	521 ( 5.8%)
Median Home Value	$213,669
Average Home Value	$247,727