2433 Congressman Hebert Drive Dr · Chalmette, LA 70043

$235,000

4 bd · 2.0 ba · 1,931 sqft · SingleFamily · 40 Days on market

Built 1980 Est $319k · 26% under

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Why this score? — see what drove the C 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 +19.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• Schools +5.0/10.0
• 1% rule +4.1/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this beautifully updated 4-bedroom, 2-bath ranch-style home in the heart of St. Bernard. Located in a quiet, well-kept community, this home offers the perfect blend of modern upgrades and classic charm. Step into a thoughtfully designed layout featuring a functional galley-style kitchen with contemporary finishes and appliances. The spacious living and dining areas offer a warm, inviting atmosphere for gatherings or relaxing nights. We welcome first-time buyers, growing families, or anyone looking to settle in a peaceful and established neighborhood. Schedule your private tour today and make this St. Bernard gem your new home!

Key facts

• Galley-style kitchen
• Modern upgrades
• Quiet community

Tags

• UPDATED RANCH-STYLE HOME
• GALLEY-STYLE KITCHEN
• MODERN UPGRADES
• QUIET COMMUNITY
• PEACEFUL NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (8.7% below list).
• Recommended offer: $214k (8.7% below list) — sets the bar for 1% rule.
• Cap rate 7.7% 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; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• At $2,145/mo this rent would consume 47% 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 $7k 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.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 33y ago 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 $163k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,455 (8.7% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 9% 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 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: 0.91% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.17%
• DSCR: 1.23
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $318,615
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
61 Cochrane Dr	0.23mi	4/2.0	1,912 (-1%)	9mo	$260,000	$136	80
2204 Congressman Hebert Dr	0.27mi	3/2.0 (-1)	1,831 (-5%)	1mo	$319,000	$174	73
67 W Claiborne Sq	0.15mi	3/2.0 (-1)	1,728 (-10%)	5mo	$285,000	$165	66
2700 Creely Dr	0.30mi	3/2.0 (-1)	1,720 (-11%)	4mo	$269,000	$156	60
8429 Prince Dr	0.72mi	4/2.5	2,025 (+5%)	2mo	$399,000	$197	54
28 Carroll Dr	0.53mi	4/3.0	1,816 (-6%)	10mo	$289,000	$159	53
2832 Pirate Dr	0.39mi	3/2.0 (-1)	1,748 (-10%)	10mo	$294,000	$168	53
8901 Livingston Ave	0.51mi	3/2.0 (-1)	1,728 (-10%)	2mo	$264,000	$153	52
29 W Carmack Dr	0.35mi	3/2.0 (-1)	1,688 (-13%)	9mo	$268,000	$159	50
59 E Carolina Dr	0.42mi	3/2.5 (-1)	1,700 (-12%)	7mo	$227,500	$134	48
3740 Norwood Dr	0.64mi	3/2.0 (-1)	1,804 (-7%)	9mo	$298,000	$165	47
3828 Dominique Dr	0.72mi	3/2.0 (-1)	1,649 (-15%)	3mo	$310,000	$188	35

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: -10.0%
• Equity multiple: 0.63×
• Total profit: $-24,085
• Equity at exit: $35,039

10-year hold

• IRR: -0.5%
• Equity multiple: 0.96×
• Total profit: $-2,441
• Equity at exit: $20,319

Cash invested: $65,800 (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: 9.1×

Monthly cashflow live

• Estimated rent: $2,145 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$81 /mo · $966/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $217

Break-even live

Break-even rent $1,870

Max offer price $235,000

Occupancy floor 85%

Sensitivity live

Price	-10% $350	-5% $283	+0% $217	+5% $150	+10% $84
Rent	-10% $47	-5% $132	+0% $217	+5% $302	+10% $386
Rate	-1.0pp $335	-0.5pp $277	base $217	+0.5pp $156	+1.0pp $94

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 8th St Chalmette, LA	3.0	1.0	1275	$1,695	$1.33	44d	1	0.27mi
8600 Patricia St Chalmette, LA	3.0	2.0	1255	$1,550	$1.24	24d	1	0.60mi
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	24d	1	0.64mi
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	44d	1	0.71mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	24d	1	0.71mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	12d	1	0.84mi
309 Fawn Dr Arabi, LA	3.0	2.5	1745	$2,500	$1.43	2d	1	0.88mi
8413 Benjamin Dr Chalmette, LA	3.0	2.0	1800	$2,300	$1.28	3d	1	0.88mi
424 Chinchilla Dr Arabi, LA	3.0	2.0	1735	$3,500	$2.02	16d	1	0.92mi
7532 Patricia St Arabi, LA	3.0	2.0	1850	$1,900	$1.03	2d	1	1.04mi
7532 Patricia St Arabi, LA	3.0	2.0	1850	$1,900	$1.03	3d	1	1.04mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	2d	1	1.05mi
7532 Patricia St Arabi, LA	4.0	3.0	2099	$2,200	$1.05	44d	1	1.05mi
1511 Schnell Dr Arabi, LA	4.0	3.0	1700	$1,850	$1.09	3d	1	1.09mi
1529 Schnell Dr Arabi, LA	3.0	2.5	1736	$2,600	$1.50	2d	1	1.11mi
1239 Center St Arabi, LA	4.0	2.0	1922	$3,500	$1.82	3d	1	1.15mi
1019 Center St Arabi, LA	5.0	3.0	1973	$5,888	$2.98	2d	1	1.19mi
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	3d	1	1.29mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	1.35mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	1.37mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	44d	1	1.38mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	44d	1	1.42mi
3711 Tournefort St Chalmette, LA	3.0	2.0	1250	$1,850	$1.48	3d	1	1.45mi

Listing history 35 events

1. 2026-06-18
   days on market $235,000 Active 40 DOM
2. 2026-06-17
   days on market $235,000 Active 39 DOM
3. 2026-06-16
   days on market $235,000 Active 38 DOM
4. 2026-06-15
   days on market $235,000 Active 37 DOM
5. 2026-06-13
   days on market $235,000 Active 35 DOM
6. 2026-06-10
   days on market $235,000 Active 32 DOM
7. 2026-06-09
   days on market $235,000 Active 31 DOM
8. 2026-06-08
   days on market $235,000 Active 30 DOM
9. 2026-06-07
   days on market $235,000 Active 29 DOM
10. 2026-06-03
    days on market $235,000 Active 25 DOM
11. 2026-06-02
    days on market $235,000 Active 24 DOM
12. 2026-06-01
    days on market $235,000 Active 23 DOM
13. 2026-05-31
    days on market $235,000 Active 22 DOM
14. 2026-03-25
    status Pending 643-char remark

    Show marketing remark (643 chars)

    Discover this beautifully updated 4-bedroom, 2-bath ranch-style home in the heart of St. Bernard. Located in a quiet, well-kept community, this home offers the perfect blend of modern upgrades and classic charm. Step into a thoughtfully designed layout featuring a functional galley-style kitchen with contemporary finishes and appliances. The spacious living and dining areas offer a warm, inviting atmosphere for gatherings or relaxing nights. We welcome first-time buyers, growing families, or anyone looking to settle in a peaceful and established neighborhood. Schedule your private tour today and make this St. Bernard gem your new home!

15. 2026-03-25
    status Pending

    Show marketing remark (643 chars)

    Discover this beautifully updated 4-bedroom, 2-bath ranch-style home in the heart of St. Bernard. Located in a quiet, well-kept community, this home offers the perfect blend of modern upgrades and classic charm. Step into a thoughtfully designed layout featuring a functional galley-style kitchen with contemporary finishes and appliances. The spacious living and dining areas offer a warm, inviting atmosphere for gatherings or relaxing nights. We welcome first-time buyers, growing families, or anyone looking to settle in a peaceful and established neighborhood. Schedule your private tour today and make this St. Bernard gem your new home!

16. 2026-03-06
    listed $235,000 Active 643-char remark

    Show marketing remark (643 chars)

    Discover this beautifully updated 4-bedroom, 2-bath ranch-style home in the heart of St. Bernard. Located in a quiet, well-kept community, this home offers the perfect blend of modern upgrades and classic charm. Step into a thoughtfully designed layout featuring a functional galley-style kitchen with contemporary finishes and appliances. The spacious living and dining areas offer a warm, inviting atmosphere for gatherings or relaxing nights. We welcome first-time buyers, growing families, or anyone looking to settle in a peaceful and established neighborhood. Schedule your private tour today and make this St. Bernard gem your new home!

17. 2026-03-06
    listed $235,000 Active

    Show marketing remark (643 chars)

    Discover this beautifully updated 4-bedroom, 2-bath ranch-style home in the heart of St. Bernard. Located in a quiet, well-kept community, this home offers the perfect blend of modern upgrades and classic charm. Step into a thoughtfully designed layout featuring a functional galley-style kitchen with contemporary finishes and appliances. The spacious living and dining areas offer a warm, inviting atmosphere for gatherings or relaxing nights. We welcome first-time buyers, growing families, or anyone looking to settle in a peaceful and established neighborhood. Schedule your private tour today and make this St. Bernard gem your new home!

18. 2026-01-20
    listed $235,000 Active
19. 2025-09-26
    price $239,900
20. 2025-09-24
    price $239,900
21. 2025-08-05
    price $244,900
22. 2025-08-05
    price $244,900
23. 2025-07-23
    price $250,900
24. 2025-07-23
    price $250,900
25. 2025-06-24
    price $255,900
26. 2025-06-24
    price $255,900
27. 2025-05-02
    listed $265,900 Active
28. 2013-09-30
    soldstatus $163,000
29. 2013-09-27
    soldstatus $163,000
30. 2013-08-27
    listed $165,000
31. 2013-08-27
    listed $165,000
32. 2007-07-17
    soldstatus $20,000
33. 1994-05-23
    soldstatus $69,500
34. 1994-05-20
    soldstatus $69,500
35. 1993-04-16
    listed $72,500

ⓘ 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: $966 · $81/mo
• Projected year-2 tax: $1,292 · $108/mo
• Expected delta: +$326/yr (+$27/mo · 33.7%)

ⓘ 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 · 21 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: $25,735
• − Mortgage interest: −$13,164
• − Property taxes: −$966
• − Insurance: −$1,972
• − Repairs & maintenance: −$2,059
• − Management: −$2,059
• − Depreciation: −$6,836
• Taxable loss: −$1,322
• Est. tax savings @ 24.0%: +$317
• After-tax cash flow: $2,920/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

+224.1% since first listed

22 events — show timeline

• 2026-03-25 Pending — AcadianaMLS
• 2026-03-25 Pending — GSREIN
• 2026-03-06 Listed $235,000 GSREIN
• 2026-03-06 Listed $235,000 AcadianaMLS
• 2026-01-20 Listed $235,000 AcadianaMLS
• 2025-09-26 Price Changed $239,900 AcadianaMLS
• 2025-09-24 Price Changed $239,900 GSREIN
• 2025-08-05 Price Changed $244,900 AcadianaMLS
• 2025-08-05 Price Changed $244,900 GSREIN
• 2025-07-23 Price Changed $250,900 AcadianaMLS
• 2025-07-23 Price Changed $250,900 GSREIN
• 2025-06-24 Price Changed $255,900 AcadianaMLS
• 2025-06-24 Price Changed $255,900 GSREIN
• 2025-05-02 Listed $265,900 AcadianaMLS
• 2013-09-30 Sold (Public Records) $163,000 Public Records
• 2013-09-27 Sold (MLS) $163,000 GSREIN
• 2013-08-27 Listed $165,000 AcadianaMLS
• 2013-08-27 Listed $165,000 GSREIN
• 2007-07-17 Sold (Public Records) $20,000 Public Records
• 1994-05-23 Sold (Public Records) $69,500 Public Records
• 1994-05-20 Sold (MLS) $69,500 GSREIN
• 1993-04-16 Listed $72,500 GSREIN

Property tax history

+6.7%/yr

Latest (2025): $966 · -59.2% YoY. Source: county tax records.