7917 Barataria Blvd · Jean Lafitte, LA 70072

$230,000

5 bd · 5.5 ba · 3,045 sqft · Land · 222 Days on market

Built 2024 8,001 sqft lot $76/sqft · 56% below area

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Why this score? — see what drove the D+ 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 +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.0/10.0
• Livability +2.9/5.0
• Rent growth +2.8/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

Key facts

• Open floor plan
• Covered porches
• 8,001 sq ft lot

Tags

• UNFINISHED NEW CONSTRUCTION
• OPEN FLOOR PLAN
• UPSTAIRS LAUNDRY ROOM
• DOWNSTAIRS LAUNDRY ROOM
• COVERED PORCHES

What this means for you Summary

Snapshot

• This is a 5-bed/5.5-bath land listed at $230k.

Deal economics

• At list price, monthly cash flow is $291 ($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 $207k (10.2% below list).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#322 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, 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 (+1.1%/yr); 299 active listings in the ZIP; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• At $2,066/mo this rent would consume 45% of the median local household income ($55k/yr) (locally 1807% 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.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y ago; this cycle's ask has dropped $45k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $230k implies a 411% gain — meaningful room to come down on a strong offer.

Recommended offer $202,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.90% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.42%
• DSCR: 1.24
• GRM: 9.3

CMA / ARV

• ARV (median comp): $527,968
• List price: $230,000
• Delta: -56.44%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.05% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.65×
• Total profit: $-22,845
• Equity at exit: $34,294

10-year hold

• IRR: -3.1%
• Equity multiple: 0.81×
• Total profit: $-12,224
• Equity at exit: $19,886

Cash invested: $64,400 (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 70072

• Rents YoY: 1.1%
• Active inventory: 299
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,066 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$39 /mo · $470/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $291

Break-even live

Break-even rent $1,698

Max offer price $230,000

Occupancy floor 81%

Sensitivity live

Price	-10% $421	-5% $356	+0% $291	+5% $-37	+10% $-116
Rent	-10% $128	-5% $209	+0% $291	+5% $372	+10% $454
Rate	-1.0pp $407	-0.5pp $349	base $291	+0.5pp $231	+1.0pp $171

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-21
   days on market $230,000 Active 222 DOM
2. 2026-06-18
   days on market $230,000 Active 219 DOM
3. 2026-06-17
   days on market $230,000 Active 218 DOM
4. 2026-06-16
   days on market $230,000 Active 217 DOM
5. 2026-06-15
   days on market $230,000 Active 216 DOM
6. 2026-06-13
   days on market $230,000 Active 214 DOM
7. 2026-06-10
   days on market $230,000 Active 211 DOM
8. 2026-06-09
   days on market $230,000 Active 210 DOM
9. 2026-06-08
   days on market $230,000 Active 209 DOM
10. 2026-06-07
    days on market $230,000 Active 208 DOM
11. 2026-06-03
    days on market $230,000 Active 204 DOM
12. 2026-06-02
    days on market $230,000 Active 203 DOM
13. 2026-06-01
    days on market $230,000 Active 202 DOM
14. 2026-05-31
    days on market $230,000 Active 201 DOM
15. 2026-05-05
    price $230,000 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

16. 2026-05-05
    price $230,000 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

17. 2026-04-09
    price $235,000 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

18. 2026-04-09
    price $235,000 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

19. 2026-03-11
    price $245,000 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

20. 2026-03-11
    price $245,000 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

21. 2026-02-19
    price $255,000 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

22. 2026-02-19
    price $255,000 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

23. 2025-12-29
    price $265,000 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

24. 2025-12-29
    price $265,000 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

25. 2025-11-11
    listed $275,000 Active 243-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

26. 2025-11-11
    listed $275,000 Active 246-char remark

    Show marketing remark (246 chars)

    UNFINISHED NEW CONSTRUCTION with the potential for 5 BEDROOMS & 5 1/2 BATHS ready for your finishing touches! Fully framed and sheetrocked. Open floor plan. Upstairs and downstairs laundry rooms. Covered porches on front and rear of house.

27. 2025-09-24
    price $247,500
28. 2025-08-10
    listed $75,000 Active
29. 2025-08-10
    listed $247,500 Active
30. 2022-10-14
    soldstatus $45,000
31. 2022-10-13
    soldstatus $45,000 Closed
32. 2022-09-08
    status Pending
33. 2022-08-26
    price $58,000
34. 2022-08-26
    price $58,000
35. 2022-06-21
    status Active
36. 2022-06-21
    listed $58,000
37. 2022-06-13
    status Pending
38. 2022-06-09
    listed $62,000
39. 2022-06-09
    listed $58,000
40. 2022-06-09
    listed $62,000 Active
41. 2022-02-14
    price $65,000
42. 2022-01-19
    price $69,000
43. 2022-01-04
    listed $65,000
44. 2008-05-01
    soldstatus $50,000
45. 1997-04-01
    soldstatus $27,000

ⓘ 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: $470 · $39/mo
• Projected year-2 tax: $1,265 · $105/mo
• Expected delta: +$795/yr (+$66/mo · 169.2%)

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

Taxation est. · year 1

• Rental income: $24,789
• − Mortgage interest: −$12,884
• − Property taxes: −$470
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,983
• − Management: −$1,983
• − Depreciation: −$6,691
• Taxable loss: −$371
• Est. tax savings @ 24.0%: +$89
• After-tax cash flow: $3,579/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 — Jean Lafitte

• Score: 57/100
• State rank: #322
• US rank: #21888

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Jefferson Parish · 426,999 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 55,693
• Household income: $54,885
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 1807.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 40% White 39% Hispanic / Latino 12% Two or more races 7% Asian 5%
• Hispanic origin (detail): Mexican 4% Dominican 1%
• Common ancestry: Lithuanian 12% Hispanic 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 8% Vietnamese 4% French/Haitian/Cajun 2%

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: ▼ -89.87%
• Current HPI: 161.7477
• Rent YoY: ▲ 1.05%
• 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

+751.9% since first listed

31 events — show timeline

• 2026-05-05 Price Changed $230,000 AcadianaMLS
• 2026-05-05 Price Changed $230,000 GSREIN
• 2026-04-09 Price Changed $235,000 AcadianaMLS
• 2026-04-09 Price Changed $235,000 GSREIN
• 2026-03-11 Price Changed $245,000 AcadianaMLS
• 2026-03-11 Price Changed $245,000 GSREIN
• 2026-02-19 Price Changed $255,000 AcadianaMLS
• 2026-02-19 Price Changed $255,000 GSREIN
• 2025-12-29 Price Changed $265,000 AcadianaMLS
• 2025-12-29 Price Changed $265,000 GSREIN
• 2025-11-11 Listed $275,000 GSREIN
• 2025-11-11 Listed $275,000 AcadianaMLS
• 2025-09-24 Price Changed $247,500 AcadianaMLS
• 2025-08-10 Listed $247,500 AcadianaMLS
• 2025-08-10 Listed $75,000 AcadianaMLS
• 2022-10-14 Sold (Public Records) $45,000 Public Records
• 2022-10-13 Sold (MLS) $45,000 GSREIN
• 2022-09-08 Pending — GSREIN
• 2022-08-26 Price Changed $58,000 GSREIN
• 2022-08-26 Price Changed $58,000 GSREIN
• 2022-06-21 Relisted — GSREIN
• 2022-06-21 Listed $58,000 AcadianaMLS
• 2022-06-13 Pending — GSREIN
• 2022-06-09 Listed $62,000 AcadianaMLS
• 2022-06-09 Listed $62,000 GSREIN
• 2022-06-09 Listed $58,000 AcadianaMLS
• 2022-02-14 Price Changed $65,000 GSREIN
• 2022-01-19 Price Changed $69,000 GSREIN
• 2022-01-04 Listed $65,000 AcadianaMLS
• 2008-05-01 Sold (Public Records) $50,000 Public Records
• 1997-04-01 Sold (Public Records) $27,000 Public Records

Property tax history

-2.9%/yr

Latest (2025): $470 · +0.2% YoY. Source: county tax records.