New Orleans Shotgun Double
Looking to close on my first investment property, a Central City double, below the asking price as it has been on the market for about 50 days. Recently renovated, on a raised foundation. Currently has 1 tenant in place, who has paid rent on-time paying (based on seller info). I will be looking for another renter after closing to occupy the other side.
-Currently looking at a 13% CoC ROI with about $140 mo cash flow, what have others in the area seen in comparison?
-Thoughts on the current area and buying in NOLA.
-Has anybody had issues buying on a block that was not completely developed (some abandoned homes across the street)?
-Thoughts on inheriting a tenant?
-Have others had difficulty finding tenants since Ida?
All replies much appreciated!