Cashflowing 4-Plex in New Orleans - Fully Rented

[Jon Lester]

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.