product

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2531 Leonidas St, New Orleans, LA 70118 — $210,000 · 6bd · ~1.3% rule | OnePercent

2531 Leonidas St, New Orleans, LA 70118

$210,000

Home·New Orleans 70118·2531 Leonidas St, New Orleans, LA 70118

Last confirmed 5 days ago · −4.5% since list · seller motivation 25

2531 Leonidas St, New Orleans, LA 70118

6 bd · 2 ba · 2,405 sqft · built 1920 · New Orleans · SINGLE_FAMILY·source listing ↗

$210,000

$220,000 first listed

seller intel

Price cut

−4.5%

from $220,000

Motivation score

25/100

OnePercent model (vv1)$2,655/mo

p10–p90 confidence band

HUD Fair Market Rent · 70118 · 6BR—

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Orleans

Flood risk indexRelatively High FEMA NRI

Median household income$63,750

Median area rent$1,333/mo

Median home value$465,600

the verdict

1.26%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$210,000

1.26% · rent $2,655

Intrinsic value · income approach

$453,420

54% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.