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Condo 3542 Vespasian Blvd #106
3542 Vespasian Blvd
New Orleans , LA 70114
VerifiedOff MarketBuy & HoldFix & Flip
Purchase Price
$39,000
Light Rehab ARV
$65,000
Light Rehab
$10,000 – $20,000
ROI
10.2% – 32.7%
Property Details
Type
Condo
Beds
2
Baths
1
Above Grade Sqft
876
Property Notes
Condition
Needs interior renovations
Deal Analysis
MAO (70% Rule)-$14,000
Light Rehab Scenario
Rehab Budget$10,000 – $20,000
ARV$65,000
Profit Range$6,000 – $16,000
ROI10.2% – 32.7%
Full Rehab Scenario
Rehab Budget$10,000 – $20,000
ARV$65,000 – $85,000
Profit Range$6,000 – $36,000
ROI10.2% – 73.5%
MAO = ARV × 70% − Repairs. Profit = ARV − Purchase Price − Rehab Budget. ROI = Profit ÷ (Purchase Price + Rehab Budget).
Rental Projections
Rent After Reno (No Basement Finish)$750 – $900/mo
Showing Instructions
Call for access
Quick Summary
Purchase Price$39,000
Light Rehab$10,000 – $20,000
Light ARV$65,000
Full Rehab$10,000 – $20,000
Full ARV$65,000 – $85,000
Spread$26,000
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