204 W Prosper St · Chalmette, LA 70043

$129,900

2 bd · 1.0 ba · 1,040 sqft · SingleFamily · 16 Days on market

Built 1959 5,998 sqft lot Est $170k · 23% 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.0/10.0
• 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

Listing remarks MLS

Make this adorable and cozy 2 Bedroom/1 Bath Chalmette house your new home. Just a short drive to the French Quarter or Downtown New Orleans, this cutie is situated on a fenced lot with a spacious backyard. Interior features an open concept, kitchen with plenty of counter space, and beautiful cabinets. Featuring 2 spacious bedrooms with tile and laminate floors throughout, no carpet! Large utility room which can double as a bonus room! Also features a storage room in the back yard. With a little TLC this would be a great downsize, rental, or starter home.

Key facts

• Open concept kitchen
• Beautiful cabinets
• Spacious backyard

Tags

• FENCED LOT
• SPACIOUS BACKYARD
• OPEN CONCEPT KITCHEN
• PLENTY OF COUNTER SPACE
• BEAUTIFUL CABINETS
• TILE AND LAMINATE FLOORS

Property features AI

Exterior

• Parking: Two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Entry on main level; Shingle roof; Average condition
• Construction: Brick construction; Built on slab foundation
• Exterior features: Fence; City lot; Rectangular lot; Lot dimensions approximately 60 x 100

Interior

• Kitchen: Oven; Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.0% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 34% 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 $898 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 18y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — 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. 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: 1.20% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.09%
• DSCR: 1.58
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $169,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3407 Delille St	0.21mi	2/1.0	1,026 (-1%)	1mo	$170,000	$166	87
3114 Delille St	0.13mi	2/1.0	926 (-11%)	2mo	$150,000	$162	74
2500 Fenelon St	0.50mi	2/1.0	1,020 (-2%)	7mo	$159,600	$156	68
2320 Pakenham Dr	0.75mi	2/1.0	995 (-4%)	3mo	$185,000	$186	56
2800 Palmetto St	0.42mi	2/2.0	1,173 (+13%)	5mo	$205,000	$175	51
201 E Damour St	0.52mi	2/1.0	945 (-9%)	14mo	$153,000	$162	49
2928 Palmetto St	0.33mi	3/2.0 (+1)	1,187 (+14%)	5mo	$160,500	$135	48
2136 E Beauregard St	0.70mi	3/1.0 (+1)	978 (-6%)	6mo	$150,000	$153	47
2304 Fenelon St	0.62mi	3/2.0 (+1)	1,132 (+9%)	5mo	$220,000	$194	43
2515 Montesquieu St	0.48mi	3/1.0 (+1)	1,187 (+14%)	13mo	$193,600	$163	38
2700 Plaza Dr	0.66mi	3/2.0 (+1)	1,192 (+15%)	2mo	$199,000	$167	34
2712 Dauterive Dr	0.67mi	3/1.5 (+1)	1,160 (+12%)	10mo	$180,000	$155	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: 0.1%
• Equity multiple: 1.01×
• Total profit: $184
• Equity at exit: $19,369

10-year hold

• IRR: 9.9%
• Equity multiple: 1.77×
• Total profit: $28,071
• Equity at exit: $11,231

Cash invested: $36,372 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,565 high
• Mortgage (P&I): −$681
• Tax from tax record: −$105 /mo · $1,255/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $330

Break-even live

Break-even rent $1,147

Max offer price $129,900

Occupancy floor 74%

Sensitivity live

Price	-10% $404	-5% $367	+0% $330	+5% $293	+10% $257
Rent	-10% $207	-5% $268	+0% $330	+5% $392	+10% $454
Rate	-1.0pp $396	-0.5pp $363	base $330	+0.5pp $297	+1.0pp $262

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	2d	1	0.06mi
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	3d	1	0.21mi
428 W Solidelle St Unit B Chalmette, LA	1.0	1.0	1017	$1,600	$1.57	44d	1	0.21mi
428 W Solidelle St Unit B Chalmette, LA	1.0	1.0	1017	$1,600	$1.57	24d	1	0.21mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.27mi
3316 Laplace St Chalmette, LA	2.0	1.0	850	$1,200	$1.41	44d	1	0.28mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.29mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	11d	1	0.31mi
222 W Morales St Unit C Chalmette, LA	2.0	1.0	850	$1,100	$1.29	24d	1	0.40mi
3612 Laplace St Chalmette, LA	2.0	1.5	1090	$1,300	$1.19	17d	1	0.41mi
3209 Golden Dr Unit C Chalmette, LA	2.0	1.5	950	$1,200	$1.26	16d	1	0.42mi
3305 Golden Dr Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	16d	1	0.43mi
3218 Pakenham Dr Chalmette, LA	2.0	1.0	850	$1,300	$1.53	11d	1	0.44mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	44d	1	0.44mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	20d	1	0.44mi
3329 Golden Dr Unit A Chalmette, LA	2.0	1.5	1200	$1,200	$1.00	44d	1	0.45mi
3625 Park Blvd Chalmette, LA	3.0	2.0	924	$1,750	$1.89	3d	1	0.45mi
3627 Park Blvd Chalmette, LA	3.0	2.0	873	$1,750	$2.00	3d	1	0.45mi
3711 Tournefort St Chalmette, LA	3.0	2.0	1250	$1,850	$1.48	4d	1	0.45mi
800 W Genie St Unit 3 Chalmette, LA	2.0	1.0	700	$1,100	$1.57	44d	1	0.46mi
3508 Pakenham Dr Chalmette, LA	2.0	1.0	1000	$1,150	$1.15	3d	1	0.48mi
406 Dubarry Pl Chalmette, LA	3.0	2.0	950	$1,550	$1.63	44d	1	0.49mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	2d	1	0.49mi
3513 Golden Dr Chalmette, LA	2.0	2.0	1000	$1,200	$1.20	44d	1	0.51mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	12d	1	0.52mi
3405 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	24d	1	0.54mi
3324 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	44d	1	0.56mi
3615 Jupiter Dr Chalmette, LA	3.0	1.5	1000	$1,595	$1.59	44d	1	0.56mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	11d	1	0.60mi
3813 Jupiter Dr Chalmette, LA	2.0	1.0	946	$1,450	$1.53	22d	1	0.64mi
321 Rosemary Pl Chalmette, LA	2.0	2.0	1000	$1,550	$1.55	2d	1	0.69mi
9115 Virtue St Chalmette, LA	3.0	2.0	1023	$1,600	$1.56	22d	1	0.71mi
9115 Virtue St Chalmette, LA	3.0	2.0	1023	$1,600	$1.56	17d	1	0.71mi
9101 Virtue St Unit 9101 Chalmette, LA	3.0	2.0	1100	$1,690	$1.54	3d	1	0.71mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	44d	1	0.78mi
2107 Montesquieu St Chalmette, LA	2.0	1.0	1150	$1,199	$1.04	22d	1	0.79mi
3541 Kings Dr Chalmette, LA	2.0	1.0	979	$1,300	$1.33	24d	1	0.79mi
9108 Atreus St Chalmette, LA	2.0	2.0	998	$1,400	$1.40	44d	1	0.79mi
3561 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	44d	1	0.81mi
3563 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	44d	1	0.81mi

Listing history 11 events

1. 2026-06-18
   days on market $129,900 Active 16 DOM
2. 2026-06-17
   days on market $129,900 Active 15 DOM
3. 2026-06-16
   days on market $129,900 Active 14 DOM
4. 2026-06-15
   days on market $129,900 Active 13 DOM
5. 2026-06-13
   days on market $129,900 Active 11 DOM
6. 2026-06-10
   days on market $129,900 Active 8 DOM
7. 2026-06-09
   days on market $129,900 Active 7 DOM
8. 2026-06-08
   pricedays on market $129,900 Active 6 DOM
9. 2026-06-07
   days on market $140,000 Active 5 DOM
10. 2026-06-02
    remarks 566-char remark

    Show marketing remark (561 chars)

    Make this adorable and cozy 2 Bedroom/1 Bath Chalmette house your new home. Just a short drive to the French Quarter or Downtown New Orleans, this cutie is situated on a fenced lot with a spacious backyard. Interior features an open concept, kitchen with plenty of counter space, and beautiful cabinets. Featuring 2 spacious bedrooms with tile and laminate floors throughout, no carpet! Large utility room which can double as a bonus room! Also features a storage room in the back yard. With a little TLC this would be a great downsize, rental, or starter home.

11. 2026-06-02
    listed $140,000 Active 1 DOM

    Show marketing remark (561 chars)

    Make this adorable and cozy 2 Bedroom/1 Bath Chalmette house your new home. Just a short drive to the French Quarter or Downtown New Orleans, this cutie is situated on a fenced lot with a spacious backyard. Interior features an open concept, kitchen with plenty of counter space, and beautiful cabinets. Featuring 2 spacious bedrooms with tile and laminate floors throughout, no carpet! Large utility room which can double as a bonus room! Also features a storage room in the back yard. With a little TLC this would be a great downsize, rental, or starter home.

ⓘ 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: $1,255 · $105/mo
• Projected year-2 tax: $1,255 · $105/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 X (shaded) · 60% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,783
• − Mortgage interest: −$7,276
• − Property taxes: −$1,255
• − Insurance: −$1,447
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$3,779
• Taxable income: $2,021
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $3,477/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

+233.3% since first listed

26 events — show timeline

• 2026-06-02 Listed $140,000 GSREIN
• 2026-06-02 Listed $140,000 AcadianaMLS
• 2022-03-28 Sold (Public Records) $175,000 Public Records
• 2022-03-25 Sold (MLS) $175,000 GSREIN
• 2022-02-07 Pending — GSREIN
• 2022-01-24 Price Changed $175,000 GSREIN
• 2022-01-15 Relisted — GSREIN
• 2022-01-10 Pending — GSREIN
• 2022-01-07 Price Changed $179,900 GSREIN
• 2021-12-14 Listed $182,500 GSREIN
• 2021-12-14 Listed $175,000 AcadianaMLS
• 2018-07-16 Sold (Public Records) $120,000 Public Records
• 2018-07-13 Sold (MLS) $120,000 GSREIN
• 2018-05-26 Contingent — GSREIN
• 2018-04-25 Price Changed $125,000 GSREIN
• 2018-04-11 Price Changed $139,900 GSREIN
• 2018-03-10 Listed $125,000 AcadianaMLS
• 2018-03-10 Listed $143,000 GSREIN
• 2011-11-21 Sold (Public Records) $30,000 Public Records
• 2011-11-18 Sold (MLS) $30,000 GSREIN
• 2010-11-10 Listed $30,000 GSREIN
• 2010-11-10 Listed $30,000 AcadianaMLS
• 2008-08-21 Listed $68,000 GSREIN
• 2008-08-21 Listed $68,000 AcadianaMLS
• 2008-02-02 Listed $42,000 GSREIN
• 2008-02-02 Listed $42,000 AcadianaMLS

Property tax history

+2.4%/yr

Latest (2025): $1,255 · -48.0% YoY. Source: county tax records.