3438-40 Jackson Blvd · Chalmette, LA 70043

$280,000

None bd · None ba · 2,400 sqft · MultiFamily · 339 Days on market

0.33 ac lot $117/sqft · 18% above area Est $237k · 18% over

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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 +25.2/30.0
• DSCR +8.3/10.0
• 1% rule +5.9/10.0
• Schools +5.0/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Investment Potential property with extra Lot or live in one side and rent the other. Lots of parking and yard space.

Key facts

• Extra lot
• Lots of parking
• Yard space

Tags

• EXTRA LOT
• LOTS OF PARKING
• YARD SPACE

What this means for you Summary

Snapshot

• This is a multifamily listed at $280k.

Deal economics

• At list price, monthly cash flow is $563 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $280k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• At $3,062/mo this rent would consume 67% of the median local household income ($55k/yr) (locally 881% 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 $8k 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.

Negotiation context

• It's been on market 339 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $280k implies a 367% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 339 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 1.09% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.63%
• DSCR: 1.43
• GRM: 7.6

CMA / ARV

• ARV (median comp): $236,699
• List price: $280,000
• Delta: 18.29%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3509-3511 Jupiter Dr	0.09mi	5/3.0	2,250 (-6%)	2mo	$263,000	$117	84
9029 31 Oz Dr	0.16mi	5/3.0	2,196 (-8%)	17mo	$272,400	$124	64
3705-07 Juno Dr	0.22mi	6/4.0	2,085 (-13%)	10mo	$350,000	$168	60
9112 14 Gladiators St	0.32mi	5/4.0	2,226 (-7%)	18mo	$289,900	$130	58
3400 Montesquieu St	0.38mi	6/5.0	2,744 (+14%)	2mo	$419,000	$153	57
3507-09 Tournefort St	0.61mi	6/4.0	2,352 (-2%)	15mo	$410,000	$174	56
3408 Rose Ave	0.11mi	4/3.0	2,048 (-15%)	17mo	$220,000	$107	56
125-27 W Philip Ct	0.29mi	9/5.0	2,100 (-12%)	16mo	$259,000	$123	53
125 27 W Philip Ct	0.30mi	5/3.0	2,100 (-12%)	16mo	$259,000	$123	52
4005-07 Jupiter Dr	0.37mi	5/2.5	2,048 (-15%)	11mo	$230,000	$112	49
3319 17 Pakenham Dr	0.47mi	6/5.0	2,690 (+12%)	17mo	$379,000	$141	44
3315 Delambert St	0.75mi	4/2.0	2,159 (-10%)	12mo	$220,000	$102	38

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: -3.1%
• Equity multiple: 0.88×
• Total profit: $-9,205
• Equity at exit: $41,749

10-year hold

• IRR: 6.7%
• Equity multiple: 1.50×
• Total profit: $39,508
• Equity at exit: $24,209

Cash invested: $78,400 (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 70043

• Rents YoY: 3.1%
• Active inventory: 209
• Price-to-rent: 15.2×

Monthly cashflow live

• Estimated rent: $3,062 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$205 /mo · $2,459/yr
• Insurance: −$117
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$643
• Net cashflow: $563

Break-even live

Break-even rent $2,350

Max offer price $280,000

Occupancy floor 77%

Sensitivity live

Price	-10% $721	-5% $642	+0% $563	+5% $483	+10% $404
Rent	-10% $321	-5% $442	+0% $563	+5% $684	+10% $804
Rate	-1.0pp $704	-0.5pp $634	base $563	+0.5pp $490	+1.0pp $416

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,062
Total (2 units)			$3,062

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	44d	1	0.58mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	24d	1	0.58mi
8413 Benjamin Dr Chalmette, LA	3.0	2.0	1800	$2,300	$1.28	3d	1	0.75mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	44d	1	0.98mi
3708 Veronica Dr Chalmette, LA	3.0	2.0	1818	$2,550	$1.40	2d	1	1.09mi
2429 Octavia Dr Chalmette, LA	3.0	2.0	1700	$1,575	$0.93	24d	1	1.28mi
3012 Volpe Dr Chalmette, LA	3.0	2.0	1812	$2,500	$1.38	44d	1	1.33mi
1804 Wisconsin St Chalmette, LA	3.0	3.0	2350	$2,000	$0.85	24d	1	1.47mi
424 Chinchilla Dr Arabi, LA	3.0	2.0	1735	$3,500	$2.02	16d	1	1.48mi

Listing history 18 events

1. 2026-06-18
   days on market $280,000 Active 339 DOM
2. 2026-06-17
   days on market $280,000 Active 338 DOM
3. 2026-06-16
   days on market $280,000 Active 337 DOM
4. 2026-06-15
   days on market $280,000 Active 336 DOM
5. 2026-06-13
   days on market $280,000 Active 334 DOM
6. 2026-06-10
   days on market $280,000 Active 331 DOM
7. 2026-06-09
   days on market $280,000 Active 330 DOM
8. 2026-06-08
   days on market $280,000 Active 329 DOM
9. 2026-06-07
   days on market $280,000 Active 328 DOM
10. 2026-06-03
    days on market $280,000 Active 324 DOM
11. 2026-06-02
    days on market $280,000 Active 323 DOM
12. 2026-06-01
    days on market $280,000 Active 322 DOM
13. 2026-05-31
    days on market $280,000 Active 321 DOM
14. 2026-05-04
    status Pending 116-char remark

    Show marketing remark (116 chars)

    Investment Potential property with extra Lot or live in one side and rent the other. Lots of parking and yard space.

15. 2026-04-09
    price $280,000 116-char remark

    Show marketing remark (116 chars)

    Investment Potential property with extra Lot or live in one side and rent the other. Lots of parking and yard space.

16. 2025-06-25
    listed $285,000 Active 116-char remark

    Show marketing remark (116 chars)

    Investment Potential property with extra Lot or live in one side and rent the other. Lots of parking and yard space.

17. 2007-08-24
    soldstatus $60,000
18. 1993-01-11
    soldstatus $24,000

ⓘ 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: $2,459 · $205/mo
• Projected year-2 tax: $2,459 · $205/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 1/10 Low
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,744
• − Mortgage interest: −$15,684
• − Property taxes: −$2,459
• − Insurance: −$2,198
• − Repairs & maintenance: −$2,940
• − Management: −$2,940
• − Depreciation: −$8,145
• Taxable income: $2,378
• Est. tax owed @ 24.0%: −$571
• After-tax cash flow: $6,180/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

+1066.7% since first listed

5 events — show timeline

• 2026-05-04 Pending — AcadianaMLS
• 2026-04-09 Price Changed $280,000 AcadianaMLS
• 2025-06-25 Listed $285,000 AcadianaMLS
• 2007-08-24 Sold (Public Records) $60,000 Public Records
• 1993-01-11 Sold (Public Records) $24,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $2,459 · -0.7% YoY. Source: county tax records.