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PASSIVE INCOME IN ST. CLAUDE NEIGHBORHOOD With 10% CAP Rate BEFORE Depreciation!

1815 Louisa St New Orleans, LA 70117
Price:
$132,000
Address:
1815 Louisa St
City:
New Orleans
State:
LA
Zip:
70117
Bedrooms:
3
Bathrooms:
2

• Up-to-date in last 2yrs. • Covered porch with driveway and plenty of off onstreet parking. • Open floor plan with no carpet. Overhead fans in all living areas. • Kitchen has granite counters, appliances and all electric. • Laundry off kitchen exits to rear deck that overlooks large fenced backyard. CAP RATE CALCULATION Rent $15,600 [$1,300 mo. $1,100 from Sect. 8] Tax/Ins (2,808) [$234X12] NET $12,792 Purch. Price: $132,000 CASH $12,792/$132,000 = .097 ~ 10% Cap Rate BEFORE DEPRECIATION!

Extra Information for 1815 Louisa St New Orleans, LA 70117
  • Seller Type: By Owner
  • Category: Single-Family Houses
  • Square Feet: 1075
  • Conditions: Resale
  • Amenities: Patio/Deck
  • Listed Date: May 07, 2018

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