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1222 Desire St, New Orleans, LA 70117

2 beds • 2 baths • 1275 sqft

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This property looks like a bad Airbnb investment with a projected -15.06% first-year return on $76,806 initial cash invested.

-15.06%

Cash On Cash

2.43%

Cap Rate

0.41

DSCR

$1,820

Rent

-$964

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,806

Downpayment

20%

$61,720

Closing costs

1%

$3,086

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$1,820

Total Expenses

$2,784

Mortgage P&I

83%

$1,516

Property Taxes

16%

$286

Home Insurance

6%

$108

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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Comparable Property

Rent

ADR

Beds

Baths

Distance

The Double Gallery

$2,409

$220

2

2

0.07 mi

Two Bedroom Gallery30

$2,004

$183

2

2

0.08 mi

Upper Gallery30

$2,124

$194

2

2

0.13 mi

2BR Near Jazz Bars & French Market

$2,300

$210

2

2

0.14 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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