Price Reduction: New Orleans, MSA - Baton Rouge, LA | $21,000 Net Equity

[Alex Arguelles]

𝗧𝘆𝗽𝗲 𝗼𝗳 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆: Condo

https://www.biggerpockets.com/real-estate-listings/new-orlea...

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 + 𝗟𝗲𝗮𝘀𝗲𝗯𝗮𝗰𝗸:
Asking Price: $74,000
Market Value ($95,000) - Asking Price ($74,000) = Net Equity ($21,000)
Total Prepays at Closing: $3,400
Monthly Rent: $850 with 3 months of prepaid rent + Deposit
Total rental income: $2,550

2 BD / 1 BA
Sq. Ft: 795
Lot size (Acres): 0.02
Year Built: 2011
Seller wants to stay as a tenant

𝗣𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴:
80% LTV DSCR Loan
Cash to Close (Estimated) = $20K - $24K

𝗪𝗵𝘆 𝗯𝘂𝘆 𝘁𝗵𝗶𝘀 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆?
𝗡𝗼 𝗿𝗲𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗻𝗲𝗲𝗱𝗲𝗱
New carpet
Granite countertops
Shopping and dining 1.9 Mi
Schools .9 Mi
Louisiana State University .6 Mi
Highlands/Perkins .5 Mi
Fire Station 2.32 Mi

Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗧𝗲𝗿𝗺𝘀:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥:
𝗗𝗢 𝗡𝗢𝗧 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗢𝗪𝗡𝗘𝗥/𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 𝗢𝗨𝗥 𝗘𝗫𝗣𝗟𝗜𝗖𝗜𝗧 𝗖𝗢𝗡𝗦𝗘𝗡𝗧. 𝗔𝗡𝗬 𝗔𝗧𝗧𝗘𝗠𝗣𝗧𝗦 𝗧𝗢 𝗥𝗘𝗡𝗘𝗚𝗢𝗧𝗜𝗔𝗧𝗘 𝗢𝗥 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗟𝗟 𝗥𝗘𝗦𝗨𝗟𝗧 𝗜𝗡 𝗟𝗘𝗚𝗔𝗟 𝗔𝗖𝗧𝗜𝗢𝗡