Zip Code 70119 — New Orleans, LA
🟡MODERATE— average returnsF
Poor
Negative cash flow likely · Score: 32/100
Cap Rate
4.8%
Monthly Cash Flow
-$401
Median Home Price
$294,399
DSCR
0.74
Fair Market Rents
- Studio
- $1,090/mo
- 1 Bedroom
- $1,270/mo
- 2 Bedroom
- $1,500/mo
- 3 Bedroom
- $1,930/mo
- 4 Bedroom
- $2,250/mo
Investment Metrics
- Cap Rate
- 4.8%
- Cash-on-Cash Return
- -7.1%
- Price-to-Rent Ratio
- 12.7
- 1% Rule
- 0.66%
- Gross Rent Multiplier
- 12.7
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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