2516 Pritchard Rd · Estelle, LA 70072

$154,000

4 bd · 2.0 ba · 1,227 sqft · SingleFamily · 17 Days on market

Built 1971 6,969 sqft lot $126/sqft · 30% below area Est $219k · 30% under ↓ 9% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

Key facts

• Spacious lot
• Expansive backyard
• Fenced backyard

Tags

• FENCED BACKYARD
• SPACIOUS LOT
• EXPANSIVE BACKYARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $152k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 5.7% in Estelle — 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 64/100 on livability (#183 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools F, crime F, amenities F.
• Jefferson Parish (suburban): math 24% / reading 34% proficiency, ranked #44 of 98 in LA (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.1%/yr); 294 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 44% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($152k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $16k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,690 (1.5% below list)

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.31% ✓
• Cap rate: 11.27%
• Cash-on-cash: 17.76%
• DSCR: 1.79
• GRM: 6.3

CMA / ARV

• ARV (median comp): $219,381
• List price: $154,000
• Delta: -29.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2420 Taffy Dr	0.27mi	3/2.0 (-1)	1,211 (-1%)	2mo	$196,000	$162	79
2508 Delta Pointe Dr	0.19mi	3/2.0 (-1)	1,282 (+4%)	5mo	$246,500	$192	74
4150 E Ames Blvd	0.33mi	3/2.0 (-1)	1,196 (-2%)	3mo	$71,500	$60	73
3520 Bastian Dr	0.53mi	4/2.0	1,300 (+6%)	1mo	$115,000	$88	64
5153 Mount Shasta Dr	0.62mi	3/1.0 (-1)	1,220 (-1%)	1mo	$165,000	$135	60
4141 Ames Blvd	0.44mi	3/2.0 (-1)	1,100 (-10%)	1mo	$196,900	$179	56
2824 Virginia Lee Dr	0.42mi	3/2.0 (-1)	1,353 (+10%)	3mo	$215,000	$159	56
4149 Ames Blvd	0.48mi	3/2.0 (-1)	1,134 (-8%)	6mo	$188,000	$166	55
2720 Amigo Ave	0.39mi	3/2.0 (-1)	1,045 (-15%)	0mo	$85,000	$81	52
2625 Bay Adams Dr	0.55mi	3/1.0 (-1)	1,095 (-11%)	1mo	$123,000	$112	47
5009 Rochester Dr	0.70mi	3/2.0 (-1)	1,112 (-9%)	1mo	$180,000	$162	46
5109 Mount Rushmore Dr	0.60mi	3/2.0 (-1)	1,383 (+13%)	2mo	$189,000	$137	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.05% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.65×
• Total profit: $-15,132
• Equity at exit: $22,962

10-year hold

• IRR: -4.0%
• Equity multiple: 0.76×
• Total profit: $-10,249
• Equity at exit: $13,315

Cash invested: $43,120 (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

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70072

• Rents YoY: 1.1%
• Active inventory: 294
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,024 high
• Mortgage (P&I): −$808
• Tax from tax record: −$89 /mo · $1,068/yr
• Insurance: −$64
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $212

Break-even live

Break-even rent $1,756

Max offer price $154,000

Occupancy floor 85%

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2425 Ramsey Dr Marrero, LA	4.0	2.0	1500	$1,800	$1.20	2d	1	0.15mi
116 Sunrise Dr Marrero, LA	3.0	1.5	1225	$1,750	$1.43	43d	1	0.40mi
2417 Highland Meadows Dr Marrero, LA	4.0	2.0	1400	$1,950	$1.39	43d	1	0.48mi
2544 Jeanne St Marrero, LA	4.0	2.0	1158	$2,300	$1.99	23d	1	0.73mi
5913 S Oak Dr Marrero, LA	4.0	2.0	1300	$1,950	$1.50	23d	1	0.82mi
2632 Dove Ave Unit NA Marrero, LA	3.0	2.0	1250	$1,650	$1.32	43d	1	0.87mi
5118 Ehret Rd Unit B Marrero, LA	3.0	2.5	1275	$1,800	$1.41	4d	1	1.07mi
2748 Erin Dr Marrero, LA	3.0	2.0	1460	$1,850	$1.27	23d	1	1.08mi
2704 Sieglinde Ct Marrero, LA	3.0	2.0	1122	$1,850	$1.65	23d	1	1.30mi

Listing history 20 events

1. 2026-06-16
   status $154,000 Pending 17 DOM
2. 2026-06-15
   days on market $154,000 Active 17 DOM
3. 2026-06-13
   days on market $154,000 Active 15 DOM
4. 2026-06-10
   days on market $154,000 Active 12 DOM
5. 2026-06-09
   days on market $154,000 Active 11 DOM
6. 2026-06-08
   days on market $154,000 Active 10 DOM
7. 2026-06-07
   days on market $154,000 Active 9 DOM
8. 2026-06-03
   days on market $154,000 Active 5 DOM
9. 2026-06-02
   days on market $154,000 Active 4 DOM
10. 2026-06-01
    days on market $154,000 Active 3 DOM
11. 2026-05-31
    days on market $154,000 Active 2 DOM
12. 2026-03-27
    status Active 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

13. 2026-03-27
    status Active 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

14. 2026-03-16
    status Pending 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

15. 2026-03-16
    status Pending 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

16. 2026-01-09
    price $154,000 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

17. 2026-01-09
    price $154,000 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

18. 2025-10-09
    listed $170,000 Active 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

19. 2025-10-09
    listed $170,000 Active 598-char remark

    Show marketing remark (598 chars)

    Discover an exceptional investment opportunity with this charming all-brick, 4-bedroom home, perfectly situated on a spacious lot. This property boasts a delightful workshop complete with a porch, and a fenced backyard, offering both functionality and privacy. The expansive backyard is a true highlight, providing a serene space for outdoor activities, gardening, or simply unwinding after a long day. The workshop is ideal for hobbyists or those needing extra storage space, and the porch offers a peaceful spot to enjoy your morning coffee. New Roof and Electrical Panel Installed March of 2026.

20. 1993-11-01
    soldstatus

ⓘ 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: $1,068 · $89/mo
• Projected year-2 tax: $1,068 · $89/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 8/10 Severe FEMA zone AE · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,290
• − Mortgage interest: −$8,626
• − Property taxes: −$1,068
• − Insurance: −$5,888
• − Repairs & maintenance: −$1,943
• − Management: −$1,943
• − Depreciation: −$4,480
• Taxable income: $341
• Est. tax owed @ 24.0%: −$82
• After-tax cash flow: $2,460/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: Jefferson Parish
• NCES district ID: 2200840
• Math proficiency: 24% ▼ -36.00%
• Reading proficiency: 34% ▼ -30.00%
• Median HH income: $48,421
• Composite: 25.19/100
• National rank: #7511
• State rank: #44 of 98 in LA

Livability — Estelle

• Score: 64/100
• State rank: #183
• US rank: #14840

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment B Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Estelle, LA
• County: Jefferson Parish · 426,999 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 55,693
• Household income: $54,885
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 1807.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 451,696 people
• By 2030: 455,451 · +0.8%
• By 2040: 458,308 · +1.5%
• By 2050: 461,031 · +2.1%
• By 2075: 476,351 · +5.5%
• By 2100: 499,377 · +10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 40% White 39% Hispanic / Latino 12% Two or more races 7% Asian 5%
• Hispanic origin (detail): Mexican 4% Dominican 1%
• Common ancestry: Lithuanian 12% Hispanic 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 8% Vietnamese 4% French/Haitian/Cajun 2%

Political lean MEDSL · Jefferson

• 2024 margin: R (+12.9) · D 42.5% · R 55.5% · Other 2.1%
• 2008→2024 swing: +13.6pp toward D · 2008: -26.6pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+11.1 2016: R+14.8 2012: R+18.4 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.87%
• Current HPI: 161.7477
• Rent YoY: ▲ 1.05%
• 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
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-9.4% since first listed

9 events — show timeline

• 2026-03-27 Relisted — AcadianaMLS
• 2026-03-27 Relisted — GSREIN
• 2026-03-16 Pending — AcadianaMLS
• 2026-03-16 Pending — GSREIN
• 2026-01-09 Price Changed $154,000 AcadianaMLS
• 2026-01-09 Price Changed $154,000 GSREIN
• 2025-10-09 Listed $170,000 GSREIN
• 2025-10-09 Listed $170,000 AcadianaMLS
• 1993-11-01 Sold (Public Records) — Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,068 · +0.3% YoY. Source: county tax records.