SHORT TERM RENTAL PROPERTIES IN New Orleans - STEPS TO THE FRENCH QUARTER

$995,000
4
2
1,437
sq. ft.
$692
per sq ft
Heated sq ft: 1,437 sq ft
Avg Nightly Rate: $0
Home Legally Sleeps: 10
Occupancy Rate: 0 weeks
Annual Gross Income : 0
Annual Net Operating Income : 0
Property Type: Condo (high rise or low rise)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: City Life
New Construction: Inquire
Days on Vrolio: 256

Property Description

Vacation Rental Condo in downtown New Orleans! Turn-key furnished investment property with built in management from Hosteeva. This 4 bed/2 bath recently renovated unit comes fully furnished with custom cabinets, Bosch appliances, double vanities and in-unit laundry. Tenants and owners get full use of all building amenities incl: terrace, fitness center, business center, media and game room. Centrally located in CBD, walking distance to Tulane, VA and University medical centers. Walk two blocks to Superdome/Arena or FQ. Condo dues incl water and wifi! RARE opportunity to own a vacation rental condo unit in New Orleans! Bookings in place for 2023-24! Hotel License in place held by the management company! No need to get STR permit every year!

Presented by:
Agent:
Hayley Bumpas
McEnery Residential
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
Inquire
Est Value of Furnishings
$30,000
Peak & High Seasons
February, March, April, May, October, November, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
SHORT TERM INVESTMENT - 2 BED TO 4 BED CONVERSION
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
0
Net Operating Income
0
Stories
5
Additional Indoor Rooms
Game Room, Theater/Media room
Appliances
Dishwasher, Dryer, Full stove, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric)
Floor Coverings
Other
Security
Yes
Security Description
Building Security
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1940
Outdoor Features
Other
View
City
Backyard Exposure
North
Lot Size
CONDO
Community Features
Arcade, Clubhouse, Fitness Center, Media/Business Center, Meeting Rooms, Onsite Property Management, Reception
Tax Amount/Year
Inquire
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Arcade, Clubhouse, Fitness Center, Media/Business Center, Meeting Rooms, Onsite Property Management, Reception
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
Paid lots surrounding the building
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
Yes, The building has a hotel license in place which is not subject to the Short Term Rental laws of the city.
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
0.00 Monthly
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
N/A
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
Inquire
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

LOCATION MAP VIEW

Listing Source: McEnery Residential, 5044503515

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.