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2658 New York St
C Composite 57.09
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 +20.2/30.0
  • ARV discount +15.0/15.0
  • DSCR +6.4/10.0
  • 1% rule +5.0/10.0
  • Livability +4.0/5.0
  • Condition / age +2.5/5.0
  • Rent growth +2.3/5.0
  • Schools +1.6/10.0
  • Appreciation +0.0/10.0

$207,000

2658 New York St · New Orleans, LA 70122
3 bd · 2.0 ba · 1,732 sqft · SingleFamily public records · 225 Days on market
Built 1960 $120/sqft · 28% below area Est $286k · 28% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

Key facts

  • Open floor plan
  • New flooring
  • Freshly painted

Tags

JUST RENOVATEDFRESHLY PAINTEDNEW FLOORINGOPEN FLOOR PLANWOOD COVERED PATIOGATED LONG DRIVEWAY

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $207k.

Deal economics

  • At list price, monthly cash flow is $196 ($2k/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 $206k (0.5% below list).
  • Recommended offer: $182k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.8% vs local median 4.4% in New Orleans — 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 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
  • Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents soft (-0.6%/yr); 332 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
  • At $2,061/mo this rent would consume 50% of the median local household income ($49k/yr) (locally 2150% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
  • Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 225 days — a 12% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $40k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $30k; list at $207k implies a 590% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $182,160 (12.0% below list)

Questions for the listing agent

  1. It's been on market 225 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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
1.00%
Cap rate
7.82%
Cash-on-cash
5.44%
DSCR
1.24
GRM
8.4

CMA / ARV

ARV (median comp)
$286,147
List price
$207,000
Delta
-27.66%
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
6429 Eads St 0.07mi 3/2.0 1,750 (+1%) 4mo $305,000 $174 92
6128 Campus Blvd 0.34mi 3/2.0 1,760 (+2%) 3mo $314,000 $178 79
6308 Peoples Ave 0.15mi 3/2.0 1,588 (-8%) 1mo $107,000 $67 78
2444 Allen Toussaint Blvd 0.33mi 3/2.0 1,799 (+4%) 3mo $408,000 $227 76
5700 Peoples Ave 0.49mi 3/2.0 1,658 (-4%) 6mo $330,000 $199 65
2452 Lark St 0.41mi 3/2.5 1,854 (+7%) 4mo $139,000 $75 64
2656 Prentiss Ave Ave 0.52mi 3/1.5 1,669 (-4%) 6mo $165,000 $99 63
5757 Campus Blvd 0.51mi 3/2.5 1,853 (+7%) 5mo $265,000 $143 58
5917 Campus . Blvd 0.45mi 3/2.0 1,518 (-12%) 1mo $170,000 $112 57
2535 Athis St 0.44mi 4/2.5 (+1) 1,930 (+11%) 1mo $355,000 $184 52
5511 Saint Roch Ave 0.72mi 2/2.0 (-1) 1,625 (-6%) 5mo $149,500 $92 47
5522 Eads St 0.61mi 3/3.0 1,533 (-12%) 6mo $160,000 $104 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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-13.4%
Equity multiple
0.53×
Total profit
$-27,036
Equity at exit
$30,864
10-year hold
IRR
-10.0%
Equity multiple
0.47×
Total profit
$-30,639
Equity at exit
$17,898

Cash invested: $57,960 (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.

ZIP-level market 70122

Rents YoY
-0.6%
Active inventory
332
Price-to-rent
8.4×

Monthly cashflow live

Estimated rent
$2,061 high interval (Pro) →
Mortgage (P&I)
$1,086
Tax from tax record
$193 /mo · $2,319/yr
Insurance
$86
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$0
Vacancy / Maint / Mgmt
$433
Net cashflow
$196

Break-even live

Break-even rent $1,812
Max offer price $207,000
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
$51,750
Closing costs
$6,210
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 38 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6416 Baccich St New Orleans, LA 3.0 2.0 1908 $2,500 $1.31 44d 1 0.07mi
6226 Lafaye St New Orleans, LA 2.0 2.0 1137 $2,600 $2.29 12d 1 0.11mi
6226 Lafaye St New Orleans, LA 2.0 2.0 1137 $2,600 $2.29 44d 1 0.11mi
6530 Peoples Ave New Orleans, LA 3.0 2.0 1200 $1,800 $1.50 24d 1 0.16mi
2701 03 Frankfort St New Orleans, LA 3.0 1.0 1100 $1,850 $1.68 24d 1 0.26mi
6222 Arts St Unit 6226 New Orleans, LA 2.0 1.5 1120 $1,250 $1.12 24d 1 0.29mi
6329 Spain St New Orleans, LA 3.0 2.0 1545 $2,100 $1.36 16d 1 0.45mi
2458 Athis St New Orleans, LA 4.0 2.0 1530 $2,200 $1.44 24d 1 0.54mi
2312 Madrid St New Orleans, LA 2.0 1.0 1100 $1,475 $1.34 24d 1 0.56mi
5550 Press Dr New Orleans, LA 3.0 2.0 1640 $2,000 $1.22 16d 1 0.71mi
6202 Vermillion Blvd New Orleans, LA 3.0 2.0 1200 $1,700 $1.42 16d 1 0.78mi
5519 Mandeville St New Orleans, LA 3.0 1.0 1125 $1,650 $1.47 3d 1 0.82mi
6217 Curie St New Orleans, LA 3.0 2.0 1700 $1,500 $0.88 24d 1 0.85mi
6009 Pasteur Blvd New Orleans, LA 3.0 2.0 1250 $1,785 $1.43 24d 1 0.86mi
6010 Pasteur Blvd New Orleans, LA 4.0 3.0 2010 $2,600 $1.29 17d 1 0.90mi
5718 Vermillion Blvd Unit A New Orleans, LA 3.0 1.0 1300 $2,000 $1.54 24d 1 0.90mi
5925 Pauline Dr New Orleans, LA 3.0 2.0 1566 $2,325 $1.48 16d 1 0.90mi
5172 Venus St Unit 5172 New Orleans, LA 3.0 2.5 1864 $2,450 $1.31 24d 1 0.92mi
5723 Pasteur Blvd New Orleans, LA 3.0 2.0 1150 $1,700 $1.48 17d 1 0.92mi
5747 Pauline Dr New Orleans, LA 3.0 1.0 1300 $1,400 $1.08 12d 1 0.96mi
6079 Saint Anthony Ave New Orleans, LA 3.0 2.0 1400 $2,400 $1.71 16d 1 0.97mi
1940 Allen Toussaint Blvd Unit 1940 New Orleans, LA 3.0 2.0 1500 $1,600 $1.07 24d 1 1.01mi
1940 Allen Toussaint Blvd New Orleans, LA 3.0 2.0 1500 $1,550 $1.03 11d 1 1.01mi
5546 Pasteur Blvd Unit A New Orleans, LA 3.0 1.0 1200 $1,400 $1.17 24d 1 1.01mi
4722 Mithra St New Orleans, LA 3.0 1.5 1295 $1,600 $1.24 24d 1 1.04mi
4936 Baccich St New Orleans, LA 3.0 1.0 1053 $1,700 $1.61 24d 1 1.06mi
1903 Rosary Dr New Orleans, LA 3.0 2.0 1500 $1,800 $1.20 24d 1 1.08mi
4767 Lafaye St New Orleans, LA 3.0 2.0 1469 $2,000 $1.36 24d 1 1.14mi
5322 Saint Anthony Ave New Orleans, LA 3.0 2.0 1192 $2,000 $1.68 16d 1 1.21mi
4681 Eastern St New Orleans, LA 2.0 1.0 1100 $1,400 $1.27 16d 1 1.25mi
5151 Saint Anthony Ave New Orleans, LA 3.0 2.0 1200 $1,795 $1.50 16d 1 1.29mi
5716 Warrington Dr New Orleans, LA 4.0 3.0 1560 $2,000 $1.28 17d 1 1.31mi
7702 Belcrest Pl New Orleans, LA 3.0 1.5 1150 $1,650 $1.43 24d 1 1.42mi
5704 Count Ln New Orleans, LA 3.0 1.5 1572 $1,700 $1.08 24d 1 1.43mi
7404 Sussex Pl New Orleans, LA 2.0 1.5 1400 $1,450 $1.04 3d 1 1.45mi
4618 Marigny St New Orleans, LA 3.0 1.0 1320 $1,900 $1.44 24d 1 1.45mi
7611 Mayfair Pl New Orleans, LA 2.0 1.5 1440 $1,450 $1.01 3d 1 1.48mi
5900 Chatham Dr New Orleans, LA 3.0 2.0 1864 $2,500 $1.34 3d 1 1.49mi

Listing history 21 events

  1. 2026-06-18
    days on market $207,000 Active 225 DOM
  2. 2026-06-17
    days on market $207,000 Active 224 DOM
  3. 2026-06-16
    days on market $207,000 Active 223 DOM
  4. 2026-06-15
    days on market $207,000 Active 222 DOM
  5. 2026-06-13
    days on market $207,000 Active 220 DOM
  6. 2026-06-10
    days on market $207,000 Active 217 DOM
  7. 2026-06-09
    days on market $207,000 Active 216 DOM
  8. 2026-06-08
    days on market $207,000 Active 215 DOM
  9. 2026-06-07
    days on market $207,000 Active 214 DOM
  10. 2026-06-05
    days on market $207,000 Active 211 DOM
  11. 2026-06-03
    days on market $207,000 Active 210 DOM
  12. 2026-06-02
    days on market $207,000 Active 209 DOM
  13. 2026-06-01
    days on market $207,000 Active 208 DOM
  14. 2026-05-31
    days on market $207,000 Active 207 DOM
  15. 2026-03-30
    price $207,000 701-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  16. 2026-03-30
    price $207,000 703-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  17. 2026-01-12
    price $227,000 701-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  18. 2026-01-12
    price $227,000 703-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  19. 2025-11-04
    listed $247,000 Active 701-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  20. 2025-11-04
    listed $247,000 Active 703-char remark
    Show marketing remark (703 chars)

    JEWEL IN GENTILLY BEAUTIFUL 3 BEDROOM 2 BATHS RIGHT OFF FRANKLIN AV JUST RENOVATED 10/25 INSIDE AND OUT BEAUTIFUL RAISED OFF THE GROUND SINGLE FRESHLY PAINTED, NEW FLOORING LIVING ROOM DINING ROOM AND DEN OPEN FLOOR PLAN KITCHEN AND DEN READY FOR OCCUPANCY WITH LOTS OF NEW FEATURES BEAUTIFUL WOOD COVERED PATIO TUCKED AWAY PRIVATLEY READY FOR FAMILY GATHERINGS JUST PAINTED NEXT TO GATED LONG DRIVEWAY WITH DECOR IRON CUSTOM GATE CAN ACCOMODATE AT LEAST 4 OR MORE CARS HUGE BACK YARD FOR ENTERTAING OR GARDENING GREAT GENTILLY LOCATION READY FOR OCCUPANCY CALL FOR WILL JEANPIERRE FOR DETAILS. ADDITIONAL UPDATEMENT ALLOWANCE AVAILABLE OR CAN GO TOWARDS INSURANCE OR CLOSING COST CALL FOR DETAILS !!!

  21. 1977-07-18
    soldstatus $30,000

ⓘ 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
$2,319 · $193/mo
Projected year-2 tax
$2,319 · $193/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 9/10 Extreme FEMA zone X (shaded) · 77% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,728
− Mortgage interest
−$11,595
− Property taxes
−$2,319
− Insurance
−$1,832
− Repairs & maintenance
−$1,978
− Management
−$1,978
− Depreciation
−$6,022
Taxable loss
−$997
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$239
After-tax cash flow
$2,597/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
Orleans Parish
NCES district ID
2201170
Math proficiency
11% ▼ -52.00%
Reading proficiency
27% ▼ -46.00%
Median HH income
$37,011
Composite
15.78/100
National rank
#9271
State rank
#69 of 98 in LA

Livability — New Orleans

Score
81/100
State rank
#3
US rank
#1383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
New Orleans, LA
County
Orleans Parish · 338,817 people
City population
338,817
Metro
New Orleans-Metairie, LA
Population (ZIP)
35,253
Household income
$49,455
Rent vs Own
40.5% rent · 59.5% own
Severe rent burden
2150.0

Population outlook (Orleans County) Hauer SSP2

Today (2025)
513,025 people
By 2030
575,781 · +12.2%
By 2040
700,174 · +36.5%
By 2050
826,541 · +61.1%
By 2075
1,123,374 · +119.0%
By 2100
1,355,609 · +164.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly Black (69%)
Race & ethnicity
Black 69% White 18% Two or more races 7% Hispanic / Latino 6% Asian 1%
Hispanic origin (detail)
Mexican 1%
Common ancestry
Lithuanian 4% Italian 2% Slovak 1%
Foreign-born
4% · Canada, China
Languages at home
92% English-only · Spanish 5% Chinese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Orleans

2024 margin
Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
2008→2024 swing
+6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
All cycles
2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3

Not yet ingested

Civics

Market trends

HPI YoY
▼ -222.37%
Current HPI
231.9921
Rent YoY
▼ -0.61%
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

Price history

+590.0% since first listed
7 events — show timeline
  • 2026-03-30 Price Changed $207,000 AcadianaMLS
  • 2026-03-30 Price Changed $207,000 GSREIN
  • 2026-01-12 Price Changed $227,000 AcadianaMLS
  • 2026-01-12 Price Changed $227,000 GSREIN
  • 2025-11-04 Listed $247,000 GSREIN
  • 2025-11-04 Listed $247,000 AcadianaMLS
  • 1977-07-18 Sold (Public Records) $30,000 Public Records

Property tax history

+20.4%/yr

Latest (2026): $2,319 · +1393.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…