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2804-06 Philip St, New Orleans, LA 70113 — $205,000 · 9bd · ~1.3% rule | OnePercent

2804-06 Philip St, New Orleans, LA 70113

$205,000

Home·New Orleans 70113·2804-06 Philip St, New Orleans, LA 70113

Last confirmed 3 days ago

2804-06 Philip St, New Orleans, LA 70113

9 bd · 3 ba · 2,686 sqft · built 1946 · New Orleans · MULTI_FAMILY·source listing ↗

$205,000

rent, three ways

OnePercent model (vv1)$2,618/mo

p10–p90 confidence band

HUD Fair Market Rent · 70113 · 9BR—

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Orleans

Flood risk indexVery High FEMA NRI

Median household income$39,333

Median area rent$966/mo

Median home value$305,800

the verdict

1.28%vs 1.2% target

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

$205,000

1.28% · rent $2,618

Intrinsic value · income approach

$275,037

25% 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.