Owner
$250,153
6367 PATTERSON DR, NEW ORLEANS, LA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
2,642
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
1 Story
Frame
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1960
Building Size
2,642 sq ft
Lot Size
22,935 sq ft
Lot Size (Acres)
0.53 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
513804708
County
Orleans Parish, Louisiana
Metro Area
New Orleans-Metairie, LA
Zoning
S-RS
Neighborhood/Subdivision
AURORA
Lot Number
8
School District
Orleans Parish School District
Legal Description
AURORA GDNS SQ C LOT 8 110 X 211/206 6367 PATTERSON
Tax & Value Information
Market Value (Total)
$199,300
Building Value
$132,800
Land Value
$66,500
Annual Property Tax
$1,277
Tax Assessment Year
2025
Assessed Value
$16,520
Last Assessment Year
2025
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
5/21/2008
Recording Date
5/23/2008
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$9,680
Return on Investment
15.60%
After Repair Value
$275,168
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$225,138
Renovation Cost
$12,508
Closing Costs (buying)
$4,503
Holding Costs
$6,831
Selling Costs
$16,510
Total Investment
$62,038
After Repair Value (ARV)
$275,168
Total Costs
$265,489
Estimated Profit
$9,680
Cash Invested
$57,535
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area