905 Lurline Dr · Jefferson, LA 70121

$169,000

3 bd · 1.5 ba · 999 sqft · SingleFamily · 11 Days on market

Built 1940 4,260 sqft lot Est $211k · 20% under ↓ 2% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +5.7/10.0
• Rent growth +3.8/5.0
• Livability +3.6/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable Much Loved Raised Cottage Has so Much Potential in an Area Booming with New Construction, off Causeway and Jefferson Highway. Covered Front Porch Adds to Charm. Offstreet Parking Includes Carport. Garage is Assigned no Value. Flowing Floor Plan Boasts 3 Bedrooms, Center Bath with a Walk In Tub. Eat in Kitchen Includes Space for Table That Seats 6. Renovator's Dream with What Appears to Be Good Bones, Central Air/Heat, and Possibility of Hardwood Floors Under Carpet. Walls are Panelled, Perma Curbs Line the Front Garden Beds. Vacant On Supra Lockbox. Hurry Won't Last Long. Sold As is.

Key facts

• Covered front porch
• Central air heat
• Eat in kitchen

Tags

• COVERED FRONT PORCH
• OFFSTREET PARKING
• EAT IN KITCHEN
• CENTRAL AIR HEAT
• HARDWOOD FLOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Cap rate 9.0% vs local median 4.6% in Jefferson — 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 72/100 on livability (#42 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment D, amenities F, commute 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 fast (+5.1%/yr); 100 active listings in the ZIP; 29 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 37% of the median local income ($60k/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.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $47k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1940 — 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,000

Questions for the listing agent

1. Built in 1940 — 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. 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.
5. 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.
6. 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: 1.07% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.69%
• DSCR: 1.43
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $210,789
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2708 Sam Lenox St	0.11mi	3/2.0	985 (-1%)	6mo	$208,000	$211	86
28 Davis Blvd	0.28mi	3/2.0	1,056 (+6%)	1mo	$210,000	$199	75
26 Sonia Pl	0.14mi	2/2.0 (-1)	1,083 (+8%)	6mo	$315,000	$291	68
1212 Claiborne Dr	0.11mi	2/2.0 (-1)	1,107 (+11%)	4mo	$85,000	$77	67
416 Deckbar Ave	0.38mi	2/1.0 (-1)	960 (-4%)	2mo	$220,000	$229	66
39 Joyce Ave	0.10mi	2/1.0 (-1)	877 (-12%)	5mo	$218,000	$249	64
548 Brown St	0.37mi	2/1.0 (-1)	900 (-10%)	2mo	$104,770	$116	57
108 Rio Vista Ave	0.42mi	2/1.0 (-1)	1,083 (+8%)	3mo	$351,705	$325	56
609 Carol Dr	0.72mi	3/1.0	1,050 (+5%)	2mo	$190,000	$181	54
157 Gruner Rd	0.73mi	2/1.0 (-1)	980 (-2%)	2mo	$212,000	$216	54
424 Betz Ave	0.44mi	2/1.0 (-1)	900 (-10%)	3mo	$150,000	$167	53
232 Harding St	0.72mi	2/1.0 (-1)	1,080 (+8%)	3mo	$220,000	$204	43

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 · 5.1% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-3,385
• Equity at exit: $25,198

10-year hold

• IRR: 9.9%
• Equity multiple: 1.84×
• Total profit: $39,656
• Equity at exit: $14,612

Cash invested: $47,320 (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 70121

• Rents YoY: 5.1%
• Active inventory: 100
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,812 high
• Mortgage (P&I): −$886
• Tax from tax record: −$93 /mo · $1,114/yr
• Insurance: −$70
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $316

Break-even live

Break-even rent $1,413

Max offer price $169,000

Occupancy floor 78%

Sensitivity live

Price	-10% $411	-5% $363	+0% $316	+5% $268	+10% $220
Rent	-10% $172	-5% $244	+0% $316	+5% $387	+10% $459
Rate	-1.0pp $401	-0.5pp $359	base $316	+0.5pp $272	+1.0pp $227

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2921 Burns St Unit A Jefferson, LA	3.0	1.0	800	$1,500	$1.88	44d	1	0.22mi
2013 James St Jefferson, LA	2.0	2.0	1000	$2,000	$2.00	4d	1	0.27mi
300 Maine St Unit A Jefferson, LA	2.0	1.0	875	$1,600	$1.83	5d	1	0.34mi
424 Deckbar Ave Unit D Jefferson, LA	2.0	2.5	1100	$1,550	$1.41	5d	1	0.41mi
419 Betz Ave New Orleans, LA	3.0	2.0	1100	$2,500	$2.27	22d	1	0.49mi
122 Athania Pkwy Unit B Metairie, LA	2.0	1.0	800	$1,200	$1.50	15d	1	0.79mi
305 N Hullen St Unit B Metairie, LA	2.0	1.0	783	$1,075	$1.37	4d	1	0.81mi
439 Brooklyn Ave New Orleans, LA	2.0	1.0	1000	$1,650	$1.65	44d	1	0.93mi
3635 Derbigny St Metairie, LA	2.0	1.0	1000	$1,500	$1.50	24d	1	0.94mi
3812 Audubon Trce Jefferson, LA	2.0	1.0	1078	$2,000	$1.86	44d	1	0.96mi
404 Ridgelake Dr Metairie, LA	2.0	1.0	1100	$2,099	$1.91	24d	1	0.96mi
800 N Causeway Blvd Unit 202 Metairie, LA	2.0	1.0	756	$1,600	$2.12	44d	1	1.03mi
626 Terrace St Jefferson, LA	3.0	1.0	840	$1,780	$2.12	44d	1	1.06mi
3000 Saint Rene St Unit A Metairie, LA	2.0	1.0	1038	$1,200	$1.16	44d	1	1.08mi
804 Canton St New Orleans, LA	3.0	1.0	1100	$1,700	$1.55	44d	1	1.09mi
1725 Old Metairie Ln Metairie, LA	2.0	2.0	1050	$2,200	$2.10	4d	1	1.09mi
3803 Derbigny St Metairie, LA	3.0	1.0	1010	$1,700	$1.68	24d	1	1.10mi
562 Central Ave New Orleans, LA	2.0	1.0	1010	$1,500	$1.49	24d	1	1.14mi
301 Labarre Dr Unit B Metairie, LA	3.0	2.0	1000	$2,450	$2.45	3d	1	1.26mi
127 Addison St New Orleans, LA	2.0	1.0	800	$1,500	$1.88	44d	1	1.28mi
212 Manson Ave Unit A Metairie, LA	2.0	1.0	1000	$1,200	$1.20	22d	1	1.29mi
117 Addison St New Orleans, LA	2.0	1.5	1088	$1,350	$1.24	24d	1	1.29mi
3001 46th St Metairie, LA	3.0	1.0	1056	$1,950	$1.85	20d	1	1.33mi
8943 Jeannette St New Orleans, LA	2.0	2.0	1040	$1,375	$1.32	12d	1	1.35mi
3717 W Bode Pkwy Metairie, LA	2.0	1.0	850	$1,285	$1.51	15d	1	1.38mi
1210 Edenborn Ave Unit Front Metairie, LA	2.0	1.0	887	$1,550	$1.75	4d	1	1.38mi
216 Pasadena Ave Metairie, LA	2.0	1.0	1019	$3,500	$3.43	24d	1	1.39mi
1311 General Ogden St New Orleans, LA	2.0	1.0	730	$990	$1.36	24d	1	1.41mi
9215 S Claiborne Ave New Orleans, LA	2.0	2.0	1100	$2,000	$1.82	12d	1	1.45mi

Listing history 6 events

1. 2025-07-01
   soldstatus $165,000
2. 2025-06-30
   soldstatus $165,000 Closed 602-char remark

   Show marketing remark (602 chars)

   Adorable Much Loved Raised Cottage Has so Much Potential in an Area Booming with New Construction, off Causeway and Jefferson Highway. Covered Front Porch Adds to Charm. Offstreet Parking Includes Carport. Garage is Assigned no Value. Flowing Floor Plan Boasts 3 Bedrooms, Center Bath with a Walk In Tub. Eat in Kitchen Includes Space for Table That Seats 6. Renovator's Dream with What Appears to Be Good Bones, Central Air/Heat, and Possibility of Hardwood Floors Under Carpet. Walls are Panelled, Perma Curbs Line the Front Garden Beds. Vacant On Supra Lockbox. Hurry Won't Last Long. Sold As is.

3. 2025-06-02
   historical Active Under Contract 602-char remark

   Show marketing remark (602 chars)

   Adorable Much Loved Raised Cottage Has so Much Potential in an Area Booming with New Construction, off Causeway and Jefferson Highway. Covered Front Porch Adds to Charm. Offstreet Parking Includes Carport. Garage is Assigned no Value. Flowing Floor Plan Boasts 3 Bedrooms, Center Bath with a Walk In Tub. Eat in Kitchen Includes Space for Table That Seats 6. Renovator's Dream with What Appears to Be Good Bones, Central Air/Heat, and Possibility of Hardwood Floors Under Carpet. Walls are Panelled, Perma Curbs Line the Front Garden Beds. Vacant On Supra Lockbox. Hurry Won't Last Long. Sold As is.

4. 2025-05-22
   listed $169,000 Active 602-char remark

   Show marketing remark (602 chars)

   Adorable Much Loved Raised Cottage Has so Much Potential in an Area Booming with New Construction, off Causeway and Jefferson Highway. Covered Front Porch Adds to Charm. Offstreet Parking Includes Carport. Garage is Assigned no Value. Flowing Floor Plan Boasts 3 Bedrooms, Center Bath with a Walk In Tub. Eat in Kitchen Includes Space for Table That Seats 6. Renovator's Dream with What Appears to Be Good Bones, Central Air/Heat, and Possibility of Hardwood Floors Under Carpet. Walls are Panelled, Perma Curbs Line the Front Garden Beds. Vacant On Supra Lockbox. Hurry Won't Last Long. Sold As is.

5. 2025-05-22
   listed $169,000 Active

   Show marketing remark (602 chars)

   Adorable Much Loved Raised Cottage Has so Much Potential in an Area Booming with New Construction, off Causeway and Jefferson Highway. Covered Front Porch Adds to Charm. Offstreet Parking Includes Carport. Garage is Assigned no Value. Flowing Floor Plan Boasts 3 Bedrooms, Center Bath with a Walk In Tub. Eat in Kitchen Includes Space for Table That Seats 6. Renovator's Dream with What Appears to Be Good Bones, Central Air/Heat, and Possibility of Hardwood Floors Under Carpet. Walls are Panelled, Perma Curbs Line the Front Garden Beds. Vacant On Supra Lockbox. Hurry Won't Last Long. Sold As is.

6. 2004-04-01
   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: $1,114 · $93/mo
• Projected year-2 tax: $1,114 · $93/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 · 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: $21,745
• − Mortgage interest: −$9,467
• − Property taxes: −$1,114
• − Insurance: −$1,642
• − Repairs & maintenance: −$1,740
• − Management: −$1,740
• − Depreciation: −$4,916
• Taxable income: $1,126
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $3,516/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 — Jefferson

• Score: 72/100
• State rank: #42
• US rank: #6166

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jefferson, LA
• County: Jefferson Parish · 426,999 people
• City population: 10,558
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 10,558
• Household income: $59,562
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 593.0

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: Majority White (63%)
• Race & ethnicity: White 63% Black 19% Hispanic / Latino 13% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Lithuanian 14% Slovak 2% Italian 1%
• Foreign-born: 8% · Canada, Jamaica, China
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% French/Haitian/Cajun 1%

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: ▼ -134.66%
• Current HPI: 107.0611
• Rent YoY: ▲ 5.10%
• 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

-2.4% since first listed

6 events — show timeline

• 2025-07-01 Sold (Public Records) $165,000 Public Records
• 2025-06-30 Sold (MLS) $165,000 GSREIN
• 2025-06-02 Contingent — GSREIN
• 2025-05-22 Listed $169,000 AcadianaMLS
• 2025-05-22 Listed $169,000 GSREIN
• 2004-04-01 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,114 · +0.1% YoY. Source: county tax records.