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$749,000

For Sale - Active
13 Cocos, Kenner, LA 70065
4 Beds
4 Baths
2,935 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jun 06, 2025 at 01:23AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$915
Cap Rate
7.7%
Cash-on-Cash Return
6.4%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
10.2%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Luxury awaits in the Gabriel Subdivision at 13 Cocos Street! No detail was overlooked in the construction of this three year old smart home. You are greeted by vaulted ceilings and exposed beams in the living room that opens up to the chef's kitchen. The living space has an expansive bar that is equipped with a wine cooler. Downstairs you will also find a spacious primary bedroom, spa like primary bathroom, and large primary closet with custom cabinetry. It's up to you which floor you want to do laundry on with sizable laundry rooms on both the first and second floor. The second floor has three large bedrooms with more than ample closet space in each room. Features a garage with epoxy finish flooring that fits two cars comfortably. A patio on the left side of the home that is ideal for entertaining. Other features of the home include black stainless steel appliances, custom cabinetry, wood floors, stacked stone fireplace, sprinkler system, and brick driveway.

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Location


Property Details


Parking

  • Description: Garage, TwoSpaces, GarageDoorOpener
  • Details: Garage, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $600/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0920029017
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2022

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Jefferson Parish

Listing Details


Listed by:
Francis Petagna
FQR Realtors
(504) 949-5400

Source:
Gulf South Real Estate Information Network
MLS#: 2505629
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$915
Cap Rate
7.7%
Cash-on-Cash Return
6.4%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
10.2%

Purchase Details

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Purchase price:
$749,000
Amount financed:
-$599,200
Down payment:
$149,800
Closing costs:
$22,470
Rehab costs:
$0
Initial cash invested:
$172,270
Square feet:
2,935
Cost per square foot:
$255
Monthly rent per square foot:
$2.49

Financing Details

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Loan amount:
$599,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,922
Property tax:
$0
Insurance:
$511
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,433

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,300 $87,600
Vacancy loss: (6%)
6% -$438 -$5,256
Operating income:
$6,862 $82,344

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$511-$6,132
Property management: (8%)
8%-$584-$7,008
Repairs & maintenance: (5%)
5%-$365-$4,380
Capital expenditures: (5%)
5%-$365-$4,380
HOA fees: (3%)
3%-$200-$2,400
Total operating expenses: (28%)
28%-$2,025-$24,300

Cash Flow


Monthly Yearly
Net operating income:
$4,837 $58,044
Mortgage payments:
-$3,922 -$47,064
Cash flow:
$915 $10,980