Property Type: Single Family Home

🛏️ 3 bed / 2 bath 🛁

Living Sqft : 1,600

Lot: 0.28 Ac

Year Built: 1954

 Closing Date: 11/4/24 unless buyer is interested in earlier closing date

Access By Appointment

Purchase Price ~ $276,000 (includes MTG, CASH TO SELLER, ASSIGNMENT FEE)

 EMD: $ 5000

Entry Fee: $45,000 + Closing Cost

 Entry Fee Breakdown:

Cash to Seller: $25,000

Assignment Fee: $14,000.00

Transaction Coordinator Fee: $1,000

🔑Condition: Turn Key

 Financing Terms:

Principal Balance: $236,663.83

Interest Rate: 3.99%

 Maturity Date: 7/8/2051

PITI : $ 1,765.48

PI (Principal & Interest): $498.87 + $690.93

TI : $575.68

Lease end date: August 01, 2026

ARV: $355,000

Sell Comps

714 Americus St, Gretna, LA 70053 – Sold $359,000

3 bd/ 2 ba/ 1,565 sqft

503 Homer St, New Orleans, LA 70114 – Sold $349,900

3 bd/ 2 ba/ 1,662 sqft

LTR: $1,725/mo

LTR Comp

532 Monroe St, Gretna, LA 70053 – Rent $1,750/mo

3 bd/ 2 ba/ 1,500 sqft

3007 Magellan St, New Orleans, LA – Rent $1,700/mo

3 bd/ 2 ba/ 1,100 sqft

Facebook Marketplace Co-living renting by room rate at $825/mo and $950/mo