Live Auction Nov 7 1PM - 5PM CST, 2026
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Online Auction

1983 Law St

New Orleans, LA 70119
$126,477 Starting Bid
4Beds2Baths1,400Sq. Ft.

Auction Starts In

0
Hours
0
Mins
0
Secs
Starting Bid$126,477
Bid Increment
$1,000
Reserve
Coming soon
Sold
Not yet
REO Bank Owned
Built in 1995
$156,115 Market estimate
1,400 Sq Ft
$2,156 Estimated rent

Home value

Market estimate
$156,115
Estimated Monthly Rent
$2,156

About this Property

This 4-bedroom, 2-bathroom single-family home is located at 1983 Law St in New Orleans, LA. Built in 1995, it features 1400 sq ft of living space on a 2688 sq ft lot....

This 4 bedroom, 2 bathroom property is located in New Orleans, LA. With 1,400 square feet and built in 1995, this property presents a great opportunity for investors and home buyers alike.

What this place offers

4 Bedrooms
2 Bathrooms
1,400 sqft
2,688 SqFt
Built in 1995
1 Total spaces
Central Air, 1 Unit
N/A

Key Features

Cash Only
Eviction Partner

Documents

Preliminary Report

Listing Agent Info

Diana Klotz

504-236-9336
Brokerage
Audubon Realty, LLC
Managing Broker
Diana Klotz

Register to view Agent's Details

1983 Law St

New Orleans, LA 70119

4 bed•2 bath•1,400 Sq. Ft.

Purchase Price

$24,485

Net Annual Cash Flow

+$2,040/mo

Income
Gross Annual Rent
$2,156/mo × 12 — rental estimate from Vihara Analytics · Oct 2026
$25,872
Vacancy Loss
Gross rent × 0% vacancy rate. Adjust below. Oakland avg ~5%.
−$0
Net Annual Revenue
Gross rent minus vacancy loss
$25,872
Expenses
Property Tax
Annual property tax from Alameda County assessor records via Vihara Analytics (2026)
−$1,387
HOA Dues
$0/mo × 12 — from listing data (Victoria Court HOA)
−$0
Property Management
Net revenue × 0% — industry standard for long-term rental management. Adjust below.
−$0
Maintenance Reserve
Purchase price × 0% — standard reserve for repairs & upkeep. Adjust below.
−$0
Total Expenses
Property Tax + HOA + Management + Maintenance
−$1,387
Net Cash Flow
Annual Net Cash Flow
Net Revenue − Total Expenses
$24,485
Source: Vihara Analytics · 2026

$31,619

Total Cash Required

to close this deal

Cash at Closing
Down Payment
Purchase price × 20% — adjust below
$25,295
Closing Costs
Purchase price × 5% — standard estimate for CA. Adjust below.
$6,324
Total Required
Down Payment + Closing Costs
$31,619
Adjust Assumptions
Down Payment
% of purchase price paid upfront. Typical: 20–25% for investment properties.
%
Closing Costs
% of purchase price. California avg: 2–4%. Includes title, escrow, transfer tax.
%
Vacancy Rate
% of year property sits vacant. Oakland market avg ~5%. Affects net revenue.
%
Mgmt Fee
% of net rent paid to property manager. Industry standard: 8–12% for LTR.
%
Maintenance
% of purchase price reserved annually for repairs. Rule of thumb: 1% per year.
%

New Orleans Market Context

Market factors used to inform your calculation assumptions

Market Vacancy Rate
New Orleans rental vacancy rate per U.S. Census ACS 2023. Your default assumption of 5% is slightly conservative — a reasonable buffer for investor planning. Source: U.S. Census Bureau ACS 2023
~4.2%New Orleans rental market
Price vs. Market estimate
Purchase price $126,477 vs Vihara Analytics estimated value $156,115. A purchase below estimated value provides a built-in equity cushion. Source: Vihara Analytics · Oct 2026
19% belowEst. value $156,115
Avg Days on Market
Properties in New Orleans sit on market for 152 days on average. Higher DOM can indicate negotiation leverage for buyers. Source: Vihara Analytics · Oct 2026
152 daysNew Orleans market
Rent-to-Price Ratio
$2,156 monthly rent ÷ $126,477 purchase price. New Orleans market avg is ~0.5–0.7%. Above 0.7% is considered strong for this market. Source: Vihara Analytics · Oct 2026
1.70%Monthly rent ÷ purchase price

⚠️ Market factors are estimates based on available data and public records. They inform but do not replace professional investment advice.

$25,872

Projected Annual Revenue

Monthly rent of $2,156 with 0% vacancy rate accounts for the net annual revenue projection.

Monthly Rent$2,156
Annual Revenue (Gross)$25,872
Vacancy Rate0%
Annual Revenue (Net)$25,872
Source: Vihara Analytics · 2026

Investment Metrics

Cap Rate
Annual Rent ÷ Purchase Price × 100
+19.36%
Cash on Cash Return
Monthly Rent ÷ Purchase Price × 100
+77.44%
Purchase Price
Current bid or starting bid from auction listing
$126,477

Comparable Sales

Comparable sales data not available for this location.

Property Tax Assessment

Annual property tax information for 2026. This data is sourced from county tax assessor records.

Annual Property Tax

2026
$1,387
Monthly Estimate$116

Assessed Value

2026
$105,071
Effective Tax Rate1.32%

Important: Property tax information is sourced from county tax assessor records and public property databases. Actual tax amounts may vary based on exemptions, special assessments, and other local factors. Please verify with your county tax assessor for the most current information.

Source: Vihara Analytics · 2026