309-B Cherry Blossom Ln · Terrytown, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +14.2/15.0
- Cash flow +10.9/30.0
- 1% rule +7.4/10.0
- Condition / age +3.8/5.0
- Livability +3.5/5.0
- DSCR +3.2/10.0
- Rent growth +2.5/5.0
- Schools +2.5/10.0
- Appreciation +0.0/10.0
$120,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
Key facts
- Stainless appliances
- Washer dryer hookups
- Real wood floors
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.5-bath condo listed at $120k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-119 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $103k (14.4% below list).
- Meets the 1% rule at list price ($1k rent vs $120k).
- Recommended offer: $103k (14.4% below list) — sets the bar for cash-flow.
- Cap rate 5.8% vs local median 4.5% in Terrytown — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
Location & tenants
- Location reads 69/100 on livability (#73 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment C-, crime F, amenities 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.
- Zoned schools: William Hart Elementary School (math 8% / reading 17%, grade F, #550 of 646 statewide, top 88%, 374 students, 60% FRL); Livaudais Middle School (math 8% / reading 22%, grade F, #185 of 218 statewide, top 85%, 621 students, 56% FRL); West Jefferson High School (math 10% / reading 17%, grade F, #229 of 265 statewide, top 86%, 1,524 students, 58% FRL).
- Zoned-school proficiency averages 14% at this address vs 29% district-wide (-15 pts) — the specific schools serving this property underperform the Jefferson Parish average; the district grade overstates school quality for this exact location.
- Market conditions: Rents soft (-0.2%/yr); 162 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 30% of the median local income ($59k/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 $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
Negotiation context
- It's been on market 222 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 18y ago; this cycle's ask has dropped $15k (11%) 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; HOA is 27% of rent.
- 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.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 222 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
- Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.24% ✓
- Cap rate
- 5.77%
- Cash-on-cash
- -1.88%
- DSCR
- 0.92
- GRM
- 6.7
CMA / ARV
- ARV (median comp)
- $140,981
- List price
- $120,000
- Delta
- -14.88%
- Verdict
- UNDERPRICED
- Comps
- 6 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -28.9%
- Equity multiple
- 0.07×
- Total profit
- $-31,080
- Equity at exit
- $17,892
- IRR
- -64.8%
- Equity multiple
- -0.56×
- Total profit
- $-52,421
- Equity at exit
- $10,375
Cash invested: $33,600 (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
ZIP-level market 70056
- Rents YoY
- -0.2%
- Active inventory
- 162
- Price-to-rent
- 6.7×
Monthly cashflow live
- Estimated rent
- $1,487 high interval (Pro) →
- Mortgage (P&I)
- −$629
- Tax est. 1.5%
- −$150 /mo · $1,800/yr
- Insurance
- −$50
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$398
- Vacancy / Maint / Mgmt
- −$312
- Net cashflow
- $-119
Break-even live
Sensitivity live
| Price | -10% $-36 | -5% $-78 | +0% $-119 | +5% $-161 | +10% $-202 |
|---|---|---|---|---|---|
| Rent | -10% $-237 | -5% $-178 | +0% $-119 | +5% $-60 | +10% $-2 |
| Rate | -1.0pp $-59 | -0.5pp $-89 | base $-119 | +0.5pp $-150 | +1.0pp $-182 |
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
- $30,000
- Closing costs
- $3,600
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 310 Coral Ave Gretna, LA | 3.0 | 1.5 | 1216 | $1,750 | $1.44 | 25d | 1 | 0.07mi |
| 349 Cherry Blossom Ln Terrytown, LA | 3.0 | 1.5 | 1225 | $1,600 | $1.31 | 25d | 1 | 0.16mi |
| 241 Helen St Unit 4D Terrytown, LA | 2.0 | 1.5 | 1383 | $1,400 | $1.01 | 45d | 1 | 0.17mi |
| 241 Helen St Unit 3c Terrytown, LA | 2.0 | 1.5 | 1383 | $1,400 | $1.01 | 23d | 1 | 0.17mi |
| 2123 Browning Ln Terrytown, LA | 3.0 | 1.5 | 1073 | $1,650 | $1.54 | 4d | 1 | 0.25mi |
| 1810 Stumpf Blvd Gretna, LA | 3.0 | 1.0 | 1000 | $1,650 | $1.65 | 45d | 1 | 0.26mi |
| 721 Hinyub Ave Unit D Gretna, LA | 2.0 | 1.5 | 1200 | $1,250 | $1.04 | 45d | 1 | 0.30mi |
| 101 Appletree Ln Unit 2-5 Terrytown, LA | 1.0 | 1.0 | 910 | $1,050 | $1.15 | 6d | 1 | 0.36mi |
| 127 Hawkins St Terrytown, LA | 2.0 | 1.0 | 989 | $1,100 | $1.11 | 46d | 1 | 0.46mi |
| 423 E Butterfly Cir Terrytown, LA | 3.0 | 1.5 | 1189 | $1,500 | $1.26 | 25d | 1 | 0.51mi |
| 1665 Alexander Ct Gretna, LA | 2.0 | 1.5 | 1350 | $1,295 | $0.96 | 45d | 1 | 0.52mi |
| 1661 Alexander Ct Gretna, LA | 2.0 | 1.5 | 1350 | $1,295 | $0.96 | 45d | 1 | 0.52mi |
| 1906 Cooper Rd Gretna, LA | 3.0 | 2.0 | 1200 | $1,600 | $1.33 | 6d | 1 | 0.53mi |
| 429 E Butterfly Cir Terrytown, LA | 3.0 | 1.5 | 1300 | $1,950 | $1.50 | 23d | 1 | 0.54mi |
| 429 E Butterfly Cir Terrytown, LA | 3.0 | 1.5 | 1300 | $1,650 | $1.27 | 25d | 1 | 0.54mi |
| 2100 Stumpf Blvd Terrytown, LA | 3.0 | 1.0 | 1100 | $1,800 | $1.64 | 6d | 1 | 0.58mi |
| 1629 Gary Ct Unit B Terrytown, LA | 2.0 | 1.5 | 1200 | $1,300 | $1.08 | 45d | 1 | 0.60mi |
| 1225 Truxton St Unit 21 Gretna, LA | 2.0 | 2.0 | 1000 | $1,075 | $1.07 | 25d | 1 | 0.61mi |
| 1629 Cooper Rd Unit B Terrytown, LA | 2.0 | 1.5 | 1200 | $1,300 | $1.08 | 45d | 1 | 0.64mi |
| 1625 Cooper Rd Unit D Terrytown, LA | 2.0 | 1.5 | 1200 | $1,300 | $1.08 | 45d | 1 | 0.64mi |
| 2124 DuPont Dr Terrytown, LA | 3.0 | 1.0 | 1127 | $1,800 | $1.60 | 16d | 1 | 0.68mi |
| 23 New England Ct Gretna, LA | 3.0 | 1.5 | 1200 | $1,600 | $1.33 | 25d | 1 | 0.69mi |
| 1117 Whitney Ave Gretna, LA | 1.0–3.0 | 1.0–2.0 | 951 | $1,162 | $1.22 | 4d | 16 | 0.74mi |
| 583 Delmar St Terrytown, LA | 3.0 | 1.5 | 1426 | $1,350 | $0.95 | 45d | 1 | 0.75mi |
| 1014 Van Trump St Gretna, LA | 2.0 | 2.0 | 932 | $1,750 | $1.88 | 23d | 1 | 0.82mi |
| 653 Farmington Pl Unit B Terrytown, LA | 2.0 | 1.5 | 975 | $1,250 | $1.28 | 25d | 1 | 0.87mi |
| 1932 Faith Pl Unit B Terrytown, LA | 2.0 | 1.5 | 940 | $1,200 | $1.28 | 45d | 1 | 0.88mi |
| 913 Milton St Gretna, LA | 3.0 | 1.0 | 1061 | $2,800 | $2.64 | 45d | 1 | 0.94mi |
| 2111 Emerson St Terrytown, LA | 3.0 | 2.5 | 1500 | $1,650 | $1.10 | 45d | 1 | 0.98mi |
| 1784 Carol Sue Ave Gretna, LA | 1.0–3.0 | 1.0–1.5 | 850 | $932 | $1.10 | 45d | 1 | 1.13mi |
| 3725 Macarthur Blvd Unit 2A New Orleans, LA | 2.0 | 2.0 | 1200 | $2,750 | $2.29 | 21d | 1 | 1.19mi |
| 14 Gelbke Dr Gretna, LA | 3.0 | 2.0 | 1327 | $1,950 | $1.47 | 45d | 1 | 1.23mi |
| 14 Gelbke Dr Gretna, LA | 3.0 | 2.0 | 1327 | $1,800 | $1.36 | 25d | 1 | 1.23mi |
| 2243 Kraft Pl New Orleans, LA | 2.0 | 1.0 | 865 | $1,200 | $1.39 | 25d | 1 | 1.25mi |
| 1320 Monroe St Gretna, LA | 2.0 | 2.0 | 1030 | $2,000 | $1.94 | 25d | 1 | 1.28mi |
| 1500 Madison St Unit 3 Gretna, LA | 2.0 | 1.0 | 840 | $1,100 | $1.31 | 5d | 1 | 1.28mi |
| 1500 Madison St Unit 3 Gretna, LA | 2.0 | 1.0 | 840 | $1,100 | $1.31 | 4d | 1 | 1.28mi |
| 1318 Monroe St Gretna, LA | 2.0 | 1.0 | 1200 | $1,595 | $1.33 | 4d | 1 | 1.28mi |
| 1945 Pace Blvd Apt 101 New Orleans, LA | 2.0 | 1.0 | 1000 | $1,250 | $1.25 | 12d | 1 | 1.32mi |
| 2002 Pace Blvd Unit 103 New Orleans, LA | 3.0 | 2.0 | 1000 | $1,500 | $1.50 | 16d | 1 | 1.32mi |
HOA detail condo
- Monthly dues
- $398 · $4,776/yr
- Likely covers
- landscapingpoolparking
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 21 events
-
2026-06-21days on market $120,000 Active 222 DOM
-
2026-06-18days on market $120,000 Active 219 DOM
-
2026-06-17days on market $120,000 Active 218 DOM
-
2026-06-16days on market $120,000 Active 217 DOM
-
2026-06-15days on market $120,000 Active 216 DOM
-
2026-06-13days on market $120,000 Active 214 DOM
-
2026-06-10days on market $120,000 Active 211 DOM
-
2026-06-09days on market $120,000 Active 210 DOM
-
2026-06-08days on market $120,000 Active 209 DOM
-
2026-06-07days on market $120,000 Active 208 DOM
-
2026-06-03days on market $120,000 Active 204 DOM
-
2026-06-02days on market $120,000 Active 203 DOM
-
2026-06-01days on market $120,000 Active 202 DOM
-
2026-05-31days on market $120,000 Active 201 DOM
-
2026-05-02price $120,000 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2026-05-02price $120,000 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2026-04-08price $129,000 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2026-04-08price $129,000 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2025-11-11$135,000 Active 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2025-11-11$135,000 Active 683-char remark
Show marketing remark (683 chars)
FHA APPROVED FINANCING FOR THIS DEVELOPMENT - GREAT LOCATION JUST OFF GNO BRIDGE TO NEW ORLEANS- TOWNHOUSE STYLE CONDO WITH ASSIGNED PARKING. UPDATES INCLUDED, DOUBLE INSULATED WINDOWS, REAL WOOD FLOORS, NO CARPET, UPGRADED KITCHEN CABINETS, STAINLESS APPLIANCES GRANITE KITCHEN COUNTERS, DOUBLE FRENCH DOORS LEAD OUT TO PRIVATE PATIO AREA. WASHER DRYER HOOKUPS WITH PRIVATE STORAGE SHED ATTACHED. EXPOSED BRICK WALL IN LIVING ROOM - ROOMS ARE VERY SPACIOUS AND BEDROOMS HAVE LARGE CLOSETS. PRIMARY BATHTUB IS UPDATED TO TILE WALLS. VERY ESTABLISHED AREA WITH OFF STREET PARKING, LOTS OF GREENSPACE WITH BEAUTIFUL COMMUNITY GROUNDS AND INGROUND POOL. MOTIVATED SELLER BRING OFFERS !!
-
2008-06-05$149,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
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 2/10 Low 2 unhealthy d/yr today · 2 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
- $17,843
- − Mortgage interest
- −$6,722
- − Property taxes
- −$1,800
- − Insurance
- −$1,398
- − Repairs & maintenance
- −$1,427
- − Management
- −$1,427
- − HOA
- −$4,776
- − Depreciation
- −$3,491
- Taxable loss
- −$3,198
- Est. tax savings @ 24.0%
- +$768
- After-tax cash flow
- $-662/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.
Condition & rehab AI · 13 photos
This property is in good condition with recent updates, making it a solid investment opportunity. It's move-in ready with a good curb appeal and potential for further value enhancement through painting and landscaping.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics
- Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value
Renovation cost estimate screening
Value-add ROI direction
- Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
- Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
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 — Terrytown
- Score
- 69/100
- State rank
- #73
- US rank
- #8731
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Terrytown, LA
- County
- Jefferson Parish · 426,999 people
- City population
- 42,471
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 40,348
- Household income
- $59,027
- Rent vs Own
- Severe rent burden
- 1623.0
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
- Highly diverse neighborhood (Simpson 0.71)
- Race & ethnicity
- Black 34% White 32% Hispanic / Latino 26% Two or more races 9% Asian 4%
- Hispanic origin (detail)
- Mexican 3% Dominican 3%
- Common ancestry
- Lithuanian 5% Italian 2% Hispanic 2%
- Foreign-born
- 20% · Canada, Vietnam
- Languages at home
- 67% English-only · Spanish 22% Arabic 5% 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
- ▼ -100.20%
- Current HPI
- 165.1579
- Rent YoY
- ▼ -0.16%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
-19.5% since first listed7 events — show timeline
- 2026-05-02 Price Changed $120,000 AcadianaMLS
- 2026-05-02 Price Changed $120,000 GSREIN
- 2026-04-08 Price Changed $129,000 AcadianaMLS
- 2026-04-08 Price Changed $129,000 GSREIN
- 2025-11-11 Listed $135,000 GSREIN
- 2025-11-11 Listed $135,000 AcadianaMLS
- 2008-06-05 Listed $149,000 AcadianaMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…