7101-7015 Maple Street

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7101-7015 Maple Street

New Orleans, LA 70118
Asking Price
$1.80M
Cap Rate
5%
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

totally renovated, furnished, fully-leased/stabilized 3plex right next to Tulane/Freret <p>-newly-renovated</p><p>-fully-furnished</p><p>-100% leased/stabilized</p><p>attractive and extremely well-located</p><p>-turn key</p><p>-immediate proximity to both the Freret Street corridor and Tulane University</p><p>-12 month lease lengths (as opposed to the 9 months)</p><p>-significant outdoor space</p><p>-assigned parking</p><p>-mature landscaping</p><p>-flood zone x, with an assumable flood policy (and a modest premium)</p><p>-zero deferred maintenance</p><p>-5% cap rate for such an ap

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

Location & Travel Times