1519 Baronne St · New Orleans, LA
Flood risk 7/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +25.6/30.0
- Appreciation +10.0/10.0
- DSCR +8.5/10.0
- 1% rule +8.2/10.0
- ARV discount +7.5/15.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
$230,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
Key facts
- Wood floors
- Arched openings
- Large kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath single-family listed at $230k.
Deal economics
- At list price, monthly cash flow is $478 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $230k).
- Recommended offer: $209k (9.0% below list) — sets the bar for market timing.
- Cap rate 9.1% vs local median 4.4% in New Orleans — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Benjamin Franklin Elem. Math And Science (math 12% / reading 23%, grade F, #479 of 646 statewide, top 75%, 747 students, 98% FRL, charter) — zoned schools average 98% FRL vs 68% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising fast (+6.0%/yr); 134 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
Forward outlook
- In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 6.0% rent growth), your $64k cash investment doubles in ~2 years — after that, you're playing with house money.
- By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 99 days — a 9% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
- 21 sale attempts since 14y ago; this cycle's ask has dropped $80k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 2.9% of price; flood insurance adds $66/mo; built in 1887 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1887 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.32% ✓
- Cap rate
- 9.14%
- Cash-on-cash
- 10.15%
- DSCR
- 1.45
- GRM
- 6.3
CMA / ARV
- ARV (on-the-fly)
- $601,800
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1729 Prytania St | 0.31mi | 2/2.5 (-1) | 2,016 (-1%) | 5mo | $585,000 | $290 | 73 |
| 1023 Race St | 0.56mi | 2/2.5 (-1) | 2,047 (+0%) | 2mo | $600,000 | $293 | 65 |
| 1233 St. Mary St | 0.53mi | 3/2.5 | 2,100 (+3%) | 9mo | $950,000 | $452 | 61 |
| 2517 Baronne St | 0.59mi | 3/1.0 | 2,004 (-2%) | 1mo | $275,000 | $137 | 60 |
| 2223 Josephine St | 0.34mi | 3/2.0 | 1,792 (-12%) | 0mo | $175,000 | $98 | 60 |
| 1244 Annunciation St | 0.62mi | 3/2.5 | 1,950 (-4%) | 8mo | $575,000 | $295 | 56 |
| 2315 4th St | 0.68mi | 3/3.0 | 1,900 (-7%) | 4mo | $275,000 | $145 | 54 |
| 2404 Danneel St | 0.51mi | 3/3.0 | 1,750 (-14%) | 6mo | $389,000 | $222 | 47 |
| 1521 Annunciation St | 0.66mi | 4/2.0 (+1) | 1,944 (-5%) | 8mo | $585,000 | $301 | 46 |
| 1215 Saint Andrew St | 0.58mi | 3/3.0 | 2,319 (+14%) | 7mo | $850,000 | $367 | 44 |
| 1227 Annunciation St | 0.59mi | 4/2.0 (+1) | 1,836 (-10%) | 4mo | $625,000 | $340 | 44 |
| 1019 Melpomene St | 0.50mi | 2/2.5 (-1) | 1,752 (-14%) | 6mo | $715,000 | $408 | 42 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 5.98% rent growth · sell at horizon
- IRR
- 32.3%
- Equity multiple
- 3.57×
- Total profit
- $165,358
- Equity at exit
- $207,202
- IRR
- 29.1%
- Equity multiple
- 8.53×
- Total profit
- $484,926
- Equity at exit
- $446,839
Cash invested: $64,400 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 70113
- Rents YoY
- 6.0%
- Active inventory
- 134
- Price-to-rent
- 6.3×
Monthly cashflow live
- Estimated rent
- $3,035 high interval (Pro) →
- Mortgage (P&I)
- −$1,206
- Tax from tax record
- −$551 /mo · $6,607/yr
- Insurance
- −$96
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$637
- Net cashflow
- $478
Break-even live
Sensitivity live
| Price | -10% $609 | -5% $544 | +0% $478 | +5% $413 | +10% $348 |
|---|---|---|---|---|---|
| Rent | -10% $239 | -5% $359 | +0% $478 | +5% $598 | +10% $718 |
| Rate | -1.0pp $594 | -0.5pp $537 | base $478 | +0.5pp $419 | +1.0pp $358 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $57,500
- Closing costs
- $6,900
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1201 Baronne St #1 New Orleans, LA | 3.0 | 2.5 | 1892 | $2,700 | $1.43 | 19d | 1 | 0.24mi |
| 1201 Baronne St #2 New Orleans, LA | 2.0 | 2.5 | 1998 | $1,850 | $0.93 | 19d | 1 | 0.24mi |
| 1525 Melpomene St Unit Na New Orleans, LA | 3.0 | 1.5 | 1700 | $4,000 | $2.35 | 46d | 1 | 0.27mi |
| 1750 Saint Charles Ave #516 New Orleans, LA | 2.0 | 2.0 | 1507 | $2,600 | $1.73 | 18d | 1 | 0.31mi |
| 2318 Martin Luther King Junior Blvd New Orleans, LA | 3.0 | 2.0 | 1400 | $1,700 | $1.21 | 26d | 1 | 0.33mi |
| 1944 Jackson Ave New Orleans, LA | 3.0 | 2.5 | 1572 | $2,500 | $1.59 | 46d | 1 | 0.34mi |
| 1435 Euterpe St New Orleans, LA | 4.0 | 3.5 | 2825 | $16,000 | $5.66 | 18d | 1 | 0.34mi |
| 2123 S Liberty St Unit 2125 New Orleans, LA | 3.0 | 2.0 | 1500 | $2,100 | $1.40 | 5d | 1 | 0.38mi |
| 822 Howard Ave Unit 1272354P New Orleans, LA | 1.0–5.0 | 1.0–4.0 | 1749 | $6,618 | $3.78 | 4d | 3 | 0.40mi |
| 2100 Saint Charles Ave Unit 3M New Orleans, LA | 2.0 | 2.0 | 1425 | $3,500 | $2.46 | 46d | 1 | 0.40mi |
| 2100 Saint Charles Ave New Orleans, LA | 1.0–2.0 | 1.5–2.0 | 1077 | $3,500 | $3.25 | 5d | 2 | 0.41mi |
| 2301 Dryades St New Orleans, LA | 3.0 | 3.0 | 2070 | $3,000 | $1.45 | 5d | 1 | 0.43mi |
| 2010 Prytania St New Orleans, LA | 2.0 | 2.0 | 1600 | $2,350 | $1.47 | 26d | 1 | 0.43mi |
| 2231 S Liberty St New Orleans, LA | 3.0 | 3.5 | 1752 | $2,000 | $1.14 | 19d | 1 | 0.45mi |
| 875 O'Keefe Ave #301 New Orleans, LA | 3.0 | 2.5 | 2029 | $4,500 | $2.22 | 19d | 1 | 0.45mi |
| 801 Saint Joseph St #1 New Orleans, LA | 2.0 | 2.5 | 2400 | $14,000 | $5.83 | 46d | 1 | 0.46mi |
| 2403 S Saratoga St New Orleans, LA | 3.0 | 2.5 | 1600 | $2,500 | $1.56 | 26d | 1 | 0.47mi |
| 1330 Saint Mary St New Orleans, LA | 2.0 | 2.0 | 1486 | $2,795 | $1.88 | 26d | 1 | 0.48mi |
| 1306 Felicity St Unit C New Orleans, LA | 3.0 | 3.0 | 1500 | $2,450 | $1.63 | 19d | 1 | 0.49mi |
| 1001 Julia St Unit 10B New Orleans, LA | 2.0 | 2.0 | 1418 | $6,650 | $4.69 | 12d | 1 | 0.52mi |
| 803 Baronne St New Orleans, LA | 3.0 | 2.0 | 1791 | $3,525 | $1.97 | 5d | 1 | 0.52mi |
| 840 Carondelet St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 1220 | $4,325 | $3.55 | 4d | 4 | 0.52mi |
| 1635 2nd St New Orleans, LA | 2.0 | 1.0 | 1500 | $2,175 | $1.45 | 18d | 1 | 0.56mi |
| 1407 Magnolia St New Orleans, LA | 3.0 | 2.0 | 1824 | $1,500 | $0.82 | 26d | 1 | 0.56mi |
| 1000 Girod St Ph 2 New Orleans, LA | 3.0 | 3.5 | 2008 | $4,800 | $2.39 | 46d | 1 | 0.59mi |
| 1100 Girod St Unit PHC New Orleans, LA | 2.0 | 2.5 | 1609 | $5,500 | $3.42 | 14d | 1 | 0.59mi |
| 1204 Saint Andrew St Unit 1204 New Orleans, LA | 3.0 | 2.0 | 1600 | $2,300 | $1.44 | 26d | 1 | 0.60mi |
| 2625 Baronne St Unit 1 New Orleans, LA | 3.0 | 1.5 | 2100 | $2,600 | $1.24 | 46d | 1 | 0.63mi |
| 921 Race St Unit C New Orleans, LA | 3.0 | 2.0 | 1570 | $3,000 | $1.91 | 12d | 1 | 0.65mi |
| 2713 Baronne St New Orleans, LA | 3.0 | 2.5 | 1600 | $2,300 | $1.44 | 26d | 1 | 0.67mi |
| 1420 Annunciation St New Orleans, LA | 1.0–3.0 | 1.0–2.0 | 1019 | $2,395 | $2.35 | 0d | 73 | 0.67mi |
| 1050 Annunciation St Unit 1272355P New Orleans, LA | 2.0–5.0 | 2.0–4.0 | 1544 | $2,489 | $1.61 | 5d | 3 | 0.68mi |
| 713 Camp St #400 New Orleans, LA | 2.0 | 2.0 | 1935 | $4,750 | $2.45 | 46d | 1 | 0.70mi |
| 2028 Magazine St New Orleans, LA | 3.0 | 2.5 | 2600 | $7,000 | $2.69 | 19d | 1 | 0.70mi |
| 1908 Washington Ave Unit NA New Orleans, LA | 2.0 | 2.5 | 1498 | $2,100 | $1.40 | 22d | 1 | 0.71mi |
| 825 Lafayette St #4 New Orleans, LA | 2.0 | 2.0 | 1642 | $3,800 | $2.31 | 46d | 1 | 0.72mi |
| 518 S Rampart St New Orleans, LA | 3.0 | 2.0 | 1853 | $3,995 | $2.16 | 5d | 1 | 0.73mi |
| 2608 Magnolia St New Orleans, LA | 4.0 | 2.5 | 1950 | $3,200 | $1.64 | 46d | 1 | 0.73mi |
| 1107 S Peters St #101 New Orleans, LA | 2.0 | 2.5 | 1454 | $3,700 | $2.54 | 46d | 1 | 0.77mi |
| 1107 S Peters St #101 New Orleans, LA | 2.0 | 2.5 | 1454 | $3,700 | $2.54 | 18d | 1 | 0.78mi |
Listing history 50 events
-
2026-06-21days on market $230,000 Active 99 DOM
-
2026-06-18price $230,000 Active 96 DOM
-
2026-06-18days on market $265,000 Active 96 DOM
-
2026-06-17days on market $265,000 Active 95 DOM
-
2026-06-16days on market $265,000 Active 94 DOM
-
2026-06-15days on market $265,000 Active 93 DOM
-
2026-06-13statusdays on market $265,000 Active 91 DOM
-
2026-04-29status Pending 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2026-04-28status Pending
-
2026-04-25status Active 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2026-04-24status Active
-
2026-01-14status Pending
-
2025-12-23price $265,000 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2025-12-23price $265,000
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2025-12-12price $300,000 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2025-12-12price $300,000
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
-
2025-11-29price $305,000 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
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2025-11-14price $305,000
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2025-10-21$310,000 Active 656-char remark
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
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2025-10-21$310,000 Active
Show marketing remark (656 chars)
Discover the possibilities in the charming historic home - lots of character and ready for transformation. Featuring a spacious living room with ornate, arched openings to the dining room, wood floors and exposed brick accents, this property offers the perfect foundation to create your dream space. The large kitchen and eat-in area provide endless layout options and the flexible floor plan allows for reimagining the home to suit your needs. Whether you're restoring its timeless details or modernizing with your own design vision, this property presents the rare opportunity to bring a classic home back to life. This is a Fannie Mae HomePath property.
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2022-06-07soldstatus $550,000
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2022-06-03soldstatus $550,000 Closed
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2022-06-03soldstatus $550,000 Closed
-
2022-04-26status Pending
-
2022-04-26status Pending
-
2022-04-08status Active
-
2022-04-08status Active
-
2022-03-09status Pending
-
2022-03-09status Pending
-
2022-02-16$550,000
-
2022-02-16$550,000 Active
-
2022-02-16$550,000
-
2022-02-16$550,000 Active
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2022-01-29$600,000
-
2021-12-13soldstatus $375,000
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2021-12-09soldstatus $375,000 Closed
-
2021-11-21status Pending
-
2021-11-18$379,900
-
2021-11-18$379,900 Active
-
2019-03-08soldstatus $320,000
-
2019-02-15soldstatus $320,000 Closed
-
2019-02-15soldstatus $320,000 Closed
-
2019-01-04status Pending
-
2019-01-04status Pending
-
2018-11-29price $350,000
-
2018-11-29price $350,000
-
2018-11-15$375,000 Active
-
2018-11-15$350,000
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2018-09-26price $375,000
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2018-07-28price $380,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast LA · Resets to sale price
- Current annual tax
- $6,607 · $551/mo
- Projected year-2 tax
- $6,607 · $551/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X · 60% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $36,418
- − Mortgage interest
- −$12,884
- − Property taxes
- −$6,607
- − Insurance
- −$1,948
- − Repairs & maintenance
- −$2,913
- − Management
- −$2,913
- − Depreciation
- −$6,691
- Taxable income
- $2,462
- Est. tax owed @ 24.0%
- −$591
- After-tax cash flow
- $5,151/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 338,817 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 9,387
- Household income
- $39,333
- Rent vs Own
- Severe rent burden
- 714.0
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 61% White 20% Hispanic / Latino 13% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 2% Portuguese 1% Slovak 1%
- Foreign-born
- 13% · Canada, Vietnam, China
- Languages at home
- 86% English-only · Spanish 11% Other Indo-European 1% Vietnamese 1%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 65.92%
- Current HPI
- 229.3968
- Rent YoY
- ▲ 5.98%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+555.9% since first listed52 events — show timeline
- 2026-04-29 Pending — AcadianaMLS
- 2026-04-28 Pending — GSREIN
- 2026-04-25 Relisted — AcadianaMLS
- 2026-04-24 Relisted — GSREIN
- 2026-01-14 Pending — GSREIN
- 2025-12-23 Price Changed $265,000 AcadianaMLS
- 2025-12-23 Price Changed $265,000 GSREIN
- 2025-12-12 Price Changed $300,000 AcadianaMLS
- 2025-12-12 Price Changed $300,000 GSREIN
- 2025-11-29 Price Changed $305,000 AcadianaMLS
- 2025-11-14 Price Changed $305,000 GSREIN
- 2025-10-21 Listed $310,000 GSREIN
- 2025-10-21 Listed $310,000 AcadianaMLS
- 2022-06-07 Sold (Public Records) $550,000 Public Records
- 2022-06-03 Sold (MLS) $550,000 GSREIN
- 2022-06-03 Sold (MLS) $550,000 GSREIN
- 2022-04-26 Pending — GSREIN
- 2022-04-26 Pending — GSREIN
- 2022-04-08 Relisted — GSREIN
- 2022-04-08 Relisted — GSREIN
- 2022-03-09 Pending — GSREIN
- 2022-03-09 Pending — GSREIN
- 2022-02-16 Listed $550,000 GSREIN
- 2022-02-16 Listed $550,000 AcadianaMLS
- 2022-02-16 Listed $550,000 GSREIN
- 2022-02-16 Listed $550,000 AcadianaMLS
- 2022-01-29 Listed $600,000 AcadianaMLS
- 2021-12-13 Sold (Public Records) $375,000 Public Records
- 2021-12-09 Sold (MLS) $375,000 GSREIN
- 2021-11-21 Pending — GSREIN
- 2021-11-18 Listed $379,900 GSREIN
- 2021-11-18 Listed $379,900 AcadianaMLS
- 2019-03-08 Sold (Public Records) $320,000 Public Records
- 2019-02-15 Sold (MLS) $320,000 GSREIN
- 2019-02-15 Sold (MLS) $320,000 GSREIN
- 2019-01-04 Pending — GSREIN
- 2019-01-04 Pending — GSREIN
- 2018-11-29 Price Changed $350,000 GSREIN
- 2018-11-29 Price Changed $350,000 GSREIN
- 2018-11-15 Listed $350,000 AcadianaMLS
- 2018-11-15 Listed $375,000 GSREIN
- 2018-09-26 Price Changed $375,000 GSREIN
- 2018-07-28 Price Changed $380,000 GSREIN
- 2018-07-12 Listed $350,000 AcadianaMLS
- 2018-07-12 Listed $395,000 GSREIN
- 2012-11-30 Sold (Public Records) $239,000 Public Records
- 2012-11-29 Sold (MLS) $239,000 GSREIN
- 2012-10-02 Listed $239,000 GSREIN
- 2012-10-02 Listed $239,000 AcadianaMLS
- 2012-10-02 Listed $239,000 AcadianaMLS
- 2012-10-02 Listed $239,000 GSREIN
- 1985-01-11 Sold (Public Records) $40,400 Public Records
Property tax history
+9.2%/yrLatest (2026): $6,607 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…