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$75,000

For Sale - Active
5439 Seminary Pl, New Orleans, LA 70126
3 Beds
2 Baths
1,584 Square Feet
0.00 Acres Lot
Built in 1959
For Sale - Active
Units n/a
Checked: 25 minutes ago
Updated: Aug 02, 2025 at 03:35AM

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
$887
Cap Rate
19.9%
Cash-on-Cash Return
61.7%
Debt Coverage Ratio
3.50
Internal Rate of Return (5 years)
64.7%

Property Description


0.00 Acres Lot
Built in 1959
For Sale - Active
Units n/a

Investor Special in Booming Pontchartrain Park! Calling all savvy investors and rehabbers! This is your chance to own a hidden gem in one of New Orleans' most rapidly transforming neighborhoods. Nestled in historic Pontchartrain Park, this property sits on a quiet street surrounded by new construction and fully renovated homes, offering tremendous upside potential. This home is a blank canvas waiting for your vision. Whether you're looking to flip, hold, or create your next rental property, the numbers make sense here. Solid bones, spacious lot, and a location that continues to grow in value—this is the type of investment that builds generational wealth. Don't miss out on this rare opportunity to be part of the neighborhood’s revival. With nearby parks, schools, and easy access to I-10 and downtown, Pontchartrain Park is quickly becoming a favorite among homeowners and investors alike. Bring your contractor and imagination—this one won't last! DISCLOSURE: PARTS OF THE HOME WAS RECENTLY IN A FIRE, BUYERS AND AGENTS MUST SIGN HOLDHARMLESS BEFORE ENTERING PROPERTY. BUYERS AND AGENTS TO VERIFY ALL MEASUREMENTS AND INFORMATION.SELLER WILL MAKE NO REPAIRS; PROPERTY SOLD AS-IS WHERE IS. BRING ALL OFFERS!

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Location


Property Details


Parking

  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 39W026832
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1959

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Orleans Parish

Listing Details


Listed by:
Precious Winford
eXp Realty, LLC
(337) 522-7554

Source:
Gulf South Real Estate Information Network
MLS#: 2507122
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
$887
Cap Rate
19.9%
Cash-on-Cash Return
61.7%
Debt Coverage Ratio
3.50
Internal Rate of Return (5 years)
64.7%

Purchase Details

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Purchase price:
$75,000
Amount financed:
-$60,000
Down payment:
$15,000
Closing costs:
$2,250
Rehab costs:
$0
Initial cash invested:
$17,250
Square feet:
1,584
Cost per square foot:
$47
Monthly rent per square foot:
$1.14

Financing Details

Find a Lender

Loan amount:
$60,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$355
Property tax:
$0
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$481

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$450-$5,400

Cash Flow


Monthly Yearly
Net operating income:
$1,242 $14,904
Mortgage payments:
-$355 -$4,260
Cash flow:
$887 $10,644