Assignment
Assignable Contract — 3BR Single Family, ~$40,000K Equity · New Orleans, LA
400 Poydras St, New Orleans, LA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units4
Beds / baths6 / 3.5
Living area2,570 sqft
Lot0.2 acres
Year built2008
About this deal
Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 400 POYDRAS ST, New Orleans, LA. Contract price $100,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.
The numbers
- Cap rate
- 9.3%
- Net operating income
- $23,616/yr
- Cash flow
- +$1,968/mo
- Occupancy
- 3 of 4 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.