Cashflowing 4-Plex in New Orleans - Fully Rented
Hi all,
I have an off-market deal in New Orleans that is currently cash-flowing ~$423 per month. It's a 4-plex that's fully occupied with 4 reliable, section 8 renters. The property itself was renovated in 2018.
Rent increases in New Orleans, year-over-year, so it will only continue to increase. And when insurance prices drop in the next couple of months, your monthly returns will increase significantly.
Current monthly expenses = $5,164.89
Current rental income = $5,588.00
Cash flow = $423.11
Contact me for more details and a full breakdown of the costs.
Offering
New Orleans, Louisiana