$375,000
Avg. Purchase Price
$185
Avg. Nightly Rate
62%
Avg. Occupancy
urban
Market Type
New Orleans' unique culture, Mardi Gras, and Jazz Fest create massive demand spikes. The French Quarter and Garden District attract tourists year-round.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
$541
$6,489 / year after all expenses
Viable Deal
Break-even at 52% occupancy
Cash-on-Cash
6.2%–
Return on your cash invested
Cap Rate
7.7%↑
NOI / Purchase price
Break-Even
52%–
Minimum occupancy needed
Turnovers/Year
76
226 nights occupied
Financial Summary
Annual Gross Revenue$51,366
Annual Expenses
Platform Fees$1,541
Property Tax$4,313
Insurance$1,500
Utilities$3,000
Maintenance Reserve$2,568
Cleaning Costs$9,500
Total Expenses$22,422
Net Operating Income$28,943
Annual Mortgage-$22,454
Annual Cash Flow$6,489
Your Investment
Down Payment$93,750
Est. Closing Costs (3%)$11,250
Total Cash Needed$105,000
Loan Amount$281,250
Monthly Mortgage (P&I)$1,871
New Orleans STR Market Highlights
- 1Mardi Gras and Jazz Fest command premium rates
- 2Unique culture and cuisine attract tourists year-round
- 3NFL Saints games drive fall weekend demand
- 4Halloween and New Year's Eve are also premium periods
Seasonality in New Orleans
Mardi Gras (February/March) and Jazz Fest (April/May) are peak. Summer is slower. Fall is strong with football.
New Orleans STR Regulations
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer