Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$775,000

For Sale - Active
2508 Joseph St, New Orleans, LA 70115
3 Beds
3 Baths
2,640 Square Feet
0.00 Acres Lot
Built in 1924
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: Jun 04, 2025 at 03:10AM

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
-$677
Cap Rate
5.2%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
-0.4%

Property Description


0.00 Acres Lot
Built in 1924
For Sale - Active
Units n/a

Century old Spanish Mission Revival in Uptown New Orleans, conveniently close to lower schools, Loyola & Tulane, and thriving Freret St - offering a variety of bars, restaurants & nightlife. The charming architectural details are naturally showcased throughout the home, from the cathedral arched ceilings in the formal living and dining rooms, and arched doorways and windows, to the plaster walls, and period fireplace. The centrally located kitchen features granite countertops, kitchen-aid stainless appliances, including a 6-burner range, and then leads out to a large, entertaining-friendly back patio. Both upstairs suites offer renovated baths, while the cozy office features large window, wainscoting, and custom bookcases lining both sides. Ground level floor is accessible through house or a private outside entrance which opens to a large den, bedroom and utility area. Potential exists to be easily converted to an in-law suite. Durable TPO commercial roof installed in 2023 accented with deluxe Terra Cotta roofing tiles. Behind the scene bonuses include double pane windows, programmable thermostat, whole house generator, water filtration system with ionizer, updated alarm system with outdoor security cameras, backyard drainage system, front and backyard irrigation systems, landscape lighting, off street parking and large storage shed. Please call direct for more information and link for Video Walkthrough.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Driveway, OffStreet
  • Details: Driveway, Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6

Exterior Features

  • Foundation: Raised, Slab
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: 615107915
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 1924

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Orleans Parish

Listing Details


Listed by:
Christopher Aguglia
REVE, REALTORS
(504) 300-0700

Source:
Gulf South Real Estate Information Network
MLS#: 2503090
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
-$677
Cap Rate
5.2%
Cash-on-Cash Return
-4.6%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
-0.4%

Purchase Details

Find an Agent

Purchase price:
$775,000
Amount financed:
-$620,000
Down payment:
$155,000
Closing costs:
$23,250
Rehab costs:
$0
Initial cash invested:
$178,250
Square feet:
2,640
Cost per square foot:
$294
Monthly rent per square foot:
$1.86

Financing Details

Find a Lender

Loan amount:
$620,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,058
Property tax:
$0
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,401

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,225-$14,700

Cash Flow


Monthly Yearly
Net operating income:
$3,381 $40,572
Mortgage payments:
-$4,058 -$48,696
Cash flow:
$677 $8,124