Unclaimed Property

1318 FOURTH STREET

NEW ORLEANS, MS 70130

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HUD FMR FY2026

A typical 2 bedroom rental in ZIP 70130 rents for about $2,000/month (HUD Small Area Fair Market Rent, FY2026).

Estimated rent
$2,000/mo
Annual rent
$24,000
1% rule price
$200,000
Cap rate at 1% price ($200,000)
6.0%
No asking price
Data sources & assumptions
  • Rent: HUD Small Area Fair Market Rent (SAFMR) FY2026, matched by 5-digit ZIP. Source: huduser.gov.
  • 1% rule: monthly rent ≥ 1% of purchase price — a common landlord screening filter for cash-flowing rentals.
  • 0.5% rule: monthly rent ≥ 0.5% of purchase price — a softer screen used in higher-appreciation markets.
  • Cap rate: assumes a 50% expense ratio (taxes, insurance, vacancy, maintenance, mgmt). Standard rule-of-thumb, not a proforma.
  • This is a ZIP-level estimate for NEW ORLEANS, MS 70130 — not an appraisal or a specific-unit rental comp.

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