450 Bourbon Street Lofts #302

New Orleans, LA 70130|French Quarter

$199,000$229,000

$190/sqft

2Beds

2Baths

1,050sqft

0lot sqft

1920Built

72DOM

Good

Risk Level

Moderate

Market TrendAppreciating

Buy - Solid investment opportunity with good returns. Consider negotiating further on price to improve margins.

Quick Metrics

ARV$217,379

Rehab Cost$45,938

Profit Potential-$27,559

Cap Rate7.3%

Cash-on-Cash2.6%

Monthly Cash Flow$216

DSCR1.22x

Deal Score Breakdown

Investment Summary

Capital Required

Down Payment (25%)$49,750

Closing Costs (3%)$5,970

Rehab Budget$45,938

Total Cash Required$101,658

Returns

Annual Cash Flow$2,593

ROI (Flip)-27.1%

Break Even471 months

Assumes 25% down, 6.95% interest rate, 30-year fixed. Actual terms may vary.

Property Description

Historic French Quarter loft with exposed brick and original beams. High ceilings, modern kitchen, and wrought-iron balcony overlooking Bourbon Street. Exceptional short-term rental income potential.

Exposed Brick

Wrought Iron Balcony

High Ceilings

French Quarter

STR Income

Disclaimer: For informational purposes only, not financial advice. All property data, deal scores, and financial projections are estimates and should not be relied upon for investment decisions. Always conduct your own due diligence and consult with qualified real estate and financial professionals before making investment decisions. Past performance does not guarantee future results.