[Calc Review] Help me analyze this deal - New Orleans

[Colette Chase]

Hey everyone,

New to the New Orleans area and actively looking to buy. I have experience buying in other states but not so familiar with the local rates for rent, insurance, garbage, sewage, elec fees for landlords owning multi-unit.  The rental rates seem really high compared to other markets I've compared to. Am I missing something?

This particular property is a quadplex. Anyone familiar with 70113 zip code could share experience on accuracy of my numbers?  

Much appreciated.

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*This link comes directly from our calculators, based on information input by the member who posted.

[Kimberly Jones]

That is Central City. Central City is pretty much one of the scariest parts of New Orleans. Are you thinking of buying sight unseen? Am I seeing correctly that you are going to be in the deal almost $10k over the ARV? @Blair F. is correct, do your insurance shopping before you spend too much time crunching numbers. The rates are most likely going to blow your mind.