3617 19 Jupiter Dr · Chalmette, LA 70043

$256,000

6 bd · 3.0 ba · 3,003 sqft · MultiFamily · 31 Days on market

Built 1989 5,100 sqft lot Est $423k · 40% under

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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 +9.0/10.0
• Schools +5.0/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Welcome to this well-kept Party Wall Double located in Chalmette, offering comfort and convenience in a desirable location. Total of 6 Bedrooms, 2 Full, and 2 Half baths would make a great choice for first-time buyers, downsizers, investors; or anyone wanting to live in one unit and rent the other! Inside each unit, you’ll find an efficient floor plan with a spacious living area, dining space, and a kitchen equipped with a dishwasher, range/oven, and, washer/dryer hookups inside. The property is located in Flood Zone X, which should provide for favorable flood insurance rates! Enjoy easy maintenance living with a layout designed for practicality and comfort. With its excellent locatio

Key facts

• Efficient floor plan
• Spacious living area
• Flood zone x

Tags

• EFFICIENT FLOOR PLAN
• SPACIOUS LIVING AREA
• WASHER DRYER HOOKUPS
• FLOOD ZONE X

Property features AI

Exterior

• Parking: Driveway; Off-street parking; Two parking spaces
• Utilities: Public water; Public sewer
• Home design: Two-story property; Entry on slab foundation
• Construction: Shingle roof; Slab foundation
• Exterior features: City lot; Rectangular lot; Lot dimensions approximately 50 x 106

Interior

• Bathrooms: 2 full bathrooms; 2 half bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Very good condition

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath multifamily listed at $256k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $256k).
• Recommended offer: $248k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 5.5% in Chalmette — 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 65/100 on livability (#137 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Market conditions: Rents rising (+3.1%/yr); 209 active listings in the ZIP; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• At $3,588/mo this rent would consume 78% of the median local household income ($55k/yr) (locally 881% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• St. Bernard County population projected at +89% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.1% rent growth), your $72k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($248k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $90k; list at $256k implies a 186% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe 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.

Recommended offer $248,320 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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?
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 12.28%
• Cash-on-cash: 21.37%
• DSCR: 1.95
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $423,423
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3408 Rose Ave	0.24mi	6/4.0	2,784 (-7%)	17mo	$220,000	$79	58
3400 Montesquieu St	0.51mi	6/5.0	2,744 (-9%)	2mo	$419,000	$153	53
3319 17 Pakenham Dr	0.57mi	6/5.0	2,690 (-10%)	17mo	$379,000	$141	34

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 · 3.11% rent growth · sell at horizon

5-year hold

• IRR: 12.6%
• Equity multiple: 1.50×
• Total profit: $35,936
• Equity at exit: $38,170

10-year hold

• IRR: 21.6%
• Equity multiple: 2.84×
• Total profit: $132,008
• Equity at exit: $22,134

Cash invested: $71,680 (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 70043

• Rents YoY: 3.1%
• Active inventory: 209
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $3,588 high
• Mortgage (P&I): −$1,342
• Tax from tax record: −$109 /mo · $1,309/yr
• Insurance: −$107
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$753
• Net cashflow: $1,210

Break-even live

Break-even rent $2,057

Max offer price $256,000

Occupancy floor 61%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,588
Total (2 units)			$3,588

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: $64,000
• Closing costs: $7,680
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $256,000 Active 31 DOM
2. 2026-06-17
   days on market $256,000 Active 30 DOM
3. 2026-06-16
   days on market $256,000 Active 29 DOM
4. 2026-06-15
   days on market $256,000 Active 28 DOM
5. 2026-06-13
   days on market $256,000 Active 26 DOM
6. 2026-06-10
   days on market $256,000 Active 23 DOM
7. 2026-06-09
   days on market $256,000 Active 22 DOM
8. 2026-06-08
   days on market $256,000 Active 21 DOM
9. 2026-06-07
   days on market $256,000 Active 20 DOM
10. 2026-06-03
    days on market $256,000 Active 16 DOM
11. 2026-06-02
    days on market $256,000 Active 15 DOM
12. 2026-06-01
    days on market $256,000 Active 14 DOM
13. 2026-05-31
    days on market $256,000 Active 13 DOM
14. 2026-05-18
    listed $256,000 Active
15. 2026-04-30
    listed $1,400
16. 2026-03-18
    historical $1,400
17. 2026-01-31
    listed $1,400
18. 2025-09-12
    listed $124,250 Active
19. 2025-09-12
    listed $124,250 Active
20. 1998-01-12
    soldstatus $89,500

ⓘ 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: $1,309 · $109/mo
• Projected year-2 tax: $1,408 · $117/mo
• Expected delta: +$99/yr (+$8/mo · 7.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,056
• − Mortgage interest: −$14,340
• − Property taxes: −$1,309
• − Insurance: −$2,078
• − Repairs & maintenance: −$3,444
• − Management: −$3,444
• − Depreciation: −$7,447
• Taxable income: $10,994
• Est. tax owed @ 24.0%: −$2,638
• After-tax cash flow: $11,880/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)

No district data.

Livability — Chalmette

• Score: 65/100
• State rank: #137
• US rank: #12500

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chalmette, LA
• County: Saint Bernard Parish · 22,638 people
• City population: 22,638
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,638
• Household income: $55,068
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 881.0

Population outlook (St. Bernard County) Hauer SSP2

• Today (2025): 66,513 people
• By 2030: 77,768 · +16.9%
• By 2040: 101,296 · +52.3%
• By 2050: 125,770 · +89.1%
• By 2075: 188,160 · +182.9%
• By 2100: 239,339 · +259.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 26% Hispanic / Latino 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 13% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Arabic 1% Vietnamese 1%

Political lean MEDSL · St. Bernard

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: +16.1pp toward D · 2008: -45.4pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+28.5 2016: R+33.4 2012: R+24.7 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.77%
• Current HPI: 194.8123
• Rent YoY: ▲ 3.11%
• 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

+186.0% since first listed

7 events — show timeline

• 2026-05-18 Listed $256,000 GSREIN
• 2026-04-30 Listed for Rent $1,400 GSREIN
• 2026-03-18 Rental Removed $1,400 GSREIN
• 2026-01-31 Listed for Rent $1,400 GSREIN
• 2025-09-12 Listed $124,250 AcadianaMLS
• 2025-09-12 Listed $124,250 AcadianaMLS
• 1998-01-12 Sold (Public Records) $89,500 Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,309 · -0.7% YoY. Source: county tax records.