I’m looking for a 2-4 unit property around the country and I’ve circled back to NOLA due to the inexpensive  multifamily properties that is available a few questions…Is this market saturated? 

 $12,000 in gross income, less $2,400 in expenses = $9,600 yearly return$9,600/$100,000 = 9.6% cash on cash returnFinanced:$20,000 down - financing $80,000 at 7%Monthly payment (P&I for 30 years) $532With Taxes & Insurance $732/monthNet income: $1000 - $732 = $268/month * 12 months = $3,212/year$3,212 / $20,000 = 16.08% Cash on Cash returnI would also point out that interest payments aren't really a negative on the financing side, because your tenant pays all the interest.  

My goal changed from acquiring more inexpensive properties to looking at real estate as a store of wealth - quality over quantity. 

Hi @James Heller I am fully renovating 2 of my units on a 4plex I have in Golden Hill...feel free to reach out and send me a private message if you need assistance and contacts....You can get cabinets and prefab quartz countertops pretty inexpensive and refacing is usually more expensive, I've found.  

The area where my mom lives is inexpensive and seems like pure cash flow could be $300-400/ month or more."

When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...Best of luck!

An EV charger is an inexpensive investment but out of the 300 properties that we manage only 4 have EV's.

We also keep an inexpensive steam cleaner in a closet in case there are any accidents.

With annual gross rents at $52.8k, that's a solid income stream but you'll need to factor in expenses like taxes, maintenance, vacancies, etc. to get the NOI.

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.