REI Reach
Treme Duplex
1026 Treme St.
New Orleans , LA 70116
VerifiedOff MarketFix & FlipBuy & HoldSection 8Short-Term Rental
Purchase Price
$205,000
ARV
$0
Repair Estimate
$0
ROI
22.4% – 53.2%
Property Details
Type
Duplex
Beds
2
Baths
2
Above Grade Sqft
1,257
Year Built
1880
Lot Size
2200
Property Notes
Neighborhood / Location
Historic Treme Neighborhood
Condition
Needs approx. $40k in repairs, needs roof HVAC service, new floors and total rehab on one side.
Deal Analysis
MAO (70% Rule)-$15,000
Full Rehab Scenario
Rehab Budget$30,000 – $40,000
ARV$300,000 – $360,000
Profit Range$55,000 – $125,000
ROI22.4% – 53.2%
MAO = ARV × 70% − Repairs. Profit = ARV − Purchase Price − Rehab Budget. ROI = Profit ÷ (Purchase Price + Rehab Budget).
Rental Projections
Rent After Reno (No Basement Finish)$1,600 – $1,800/mo
Comps Summary
ARV $360K
Photos
Showing Instructions
Property is vacant, please call for access.
Quick Summary
Purchase Price$205,000
Full Rehab$30,000 – $40,000
Full ARV$300,000 – $360,000
Spread-$205,000
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