82 Johns Hopkins Dr · Kenner, LA 70065

$115,000

3 bd · 2.0 ba · 1,580 sqft · SingleFamily · 47 Days on market

Built 1975 $73/sqft · 56% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Alert!! This property needs a total rebuild. Extensive termite and water damage. Cash sale or approved construction loan. Will not qualify for any other loan types. Poor condition. Extensive termite damage. Has been treated but damage remains. Sold strictly as is. No repairs or replacements will be made. Utilities are not on and will not be turned on for inspections. Hold Harmless must be signed by each person entering the building. No exceptions.

Key facts

• Parking
• Pool
• Built 1975

Property features AI

Finance

• Other: In-ground pool

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: One-story; Brick construction; Shingle roof; Slab foundation
• Construction: Built with brick
• Exterior features: Fenced yard; City lot with rectangular shape; Lot size per title

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Total of 8 rooms; Property listed in poor condition

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $781 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.4% vs local median 5.3% in Kenner — 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 78/100 on livability (#6 in LA, #2,414 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime D.
• 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: John James Audubon School (math 22% / reading 35%, grade F, #350 of 646 statewide, top 55%, 648 students, 61% FRL); Tom Benson School (math 11% / reading 14%, grade F, #546 of 646 statewide, top 85%, 753 students, 60% FRL); Bonnabel Magnet Academy High School (math 12% / reading 21%, grade F, #214 of 265 statewide, top 81%, 1,478 students, 52% FRL).
• Market conditions: Rents falling (-4.2%/yr); 292 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 36% of the median local income ($67k/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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 30y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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: 1.73% ✓
• Cap rate: 14.44%
• Cash-on-cash: 29.11%
• DSCR: 2.30
• GRM: 4.8

CMA / ARV

• ARV (median comp): $259,100
• List price: $115,000
• Delta: -55.62%
• 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
7 S Catahoula Ct	0.23mi	3/2.0	1,562 (-1%)	4mo	$334,800	$214	84
204 Johns Hopkins Dr	0.21mi	3/1.5	1,550 (-2%)	4mo	$89,000	$57	82
82 Kilgore Pl	0.05mi	3/2.0	1,410 (-11%)	2mo	$234,900	$167	78
3305 Grandlake Blvd	0.28mi	3/2.0	1,642 (+4%)	3mo	$218,400	$133	78
98 Houston Pl	0.27mi	3/2.0	1,660 (+5%)	3mo	$235,000	$142	76
25 Furman Cir	0.30mi	3/2.0	1,500 (-5%)	5mo	$229,000	$153	73
3333 Grandlake Blvd	0.42mi	3/2.0	1,650 (+4%)	1mo	$299,000	$181	73
413 Baroni Dr	0.43mi	2/2.0 (-1)	1,540 (-2%)	0mo	$235,000	$153	71
361 W Louisiana State St	0.31mi	3/1.5	1,350 (-15%)	1mo	$196,000	$145	59
333 Bertolino Dr	0.44mi	3/2.0	1,770 (+12%)	1mo	$235,000	$133	58
2 Bradley Pl	0.42mi	3/2.0	1,378 (-13%)	4mo	$275,900	$200	56
3541 Tulane Dr	0.65mi	4/2.0 (+1)	1,455 (-8%)	3mo	$210,000	$144	48

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: 20.1%
• Equity multiple: 1.79×
• Total profit: $25,311
• Equity at exit: $17,147

10-year hold

• IRR: 26.2%
• Equity multiple: 2.98×
• Total profit: $63,662
• Equity at exit: $9,943

Cash invested: $32,200 (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 70065

• Rents YoY: -4.2%
• Active inventory: 292
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,992 high
• Mortgage (P&I): −$603
• Tax from tax record: −$142 /mo · $1,699/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $781

Break-even live

Break-even rent $1,003

Max offer price $115,000

Occupancy floor 56%

Sensitivity live

Price	-10% $846	-5% $814	+0% $781	+5% $749	+10% $716
Rent	-10% $624	-5% $703	+0% $781	+5% $860	+10% $939
Rate	-1.0pp $839	-0.5pp $810	base $781	+0.5pp $751	+1.0pp $721

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70 Furman Cir Kenner, LA	4.0	2.5	1800	$2,500	$1.39	4d	1	0.36mi
129 Auburn Pl Kenner, LA	3.0	2.0	1200	$1,800	$1.50	3d	1	0.50mi
121 W Esplanade Ave Kenner, LA	1.0–2.0	1.0–2.0	950	$1,600	$1.68	3d	1	0.58mi
2838 Kingston St Unit A Kenner, LA	3.0	1.5	1500	$1,600	$1.07	6d	1	0.66mi
2804 Salem St Kenner, LA	2.0	2.0	1450	$1,400	$0.97	45d	1	0.72mi
3120 Phoenix St Unit D Kenner, LA	2.0	1.5	1075	$1,100	$1.02	45d	1	0.79mi
3600 W Loyola Dr Unit 298 Kenner, LA	2.0	2.0	1586	$1,750	$1.10	23d	1	0.79mi
3600 W Loyola Dr Unit 271 Kenner, LA	2.0	2.0	1586	$1,855	$1.17	3d	1	0.79mi
3600 W Loyola Dr Unit 159 Kenner, LA	2.0	2.0	1052	$1,520	$1.44	45d	1	0.79mi
3600 W Loyola Dr Unit 182 Kenner, LA	2.0	2.0	1052	$1,515	$1.44	45d	1	0.79mi
3600 W Loyola Dr Unit 270 Kenner, LA	2.0	2.0	1570	$1,860	$1.18	3d	1	0.79mi
3655 W Loyola Dr Kenner, LA	1.0–2.0	1.0–2.0	1169	$2,345	$2.01	3d	35	0.89mi
135 27th St Kenner, LA	3.0	2.0	1205	$1,200	$1.00	6d	1	0.90mi
2611 Richland St Kenner, LA	3.0	2.5	1443	$2,200	$1.52	3d	1	0.91mi
3655 Loyola Dr Unit F361 Kenner, LA	2.0	2.0	1330	$2,395	$1.80	25d	1	0.92mi
3655 Loyola Dr Unit C224 Kenner, LA	2.0	2.0	1367	$2,305	$1.69	3d	1	0.92mi
3655 Loyola Dr Unit C229 Kenner, LA	2.0	2.0	1349	$2,335	$1.73	45d	1	0.92mi
3655 Loyola Dr Unit C329 Kenner, LA	2.0	2.0	1349	$2,320	$1.72	45d	1	0.92mi
3655 Loyola Dr Apt F261 Kenner, LA	2.0	2.0	1330	$2,425	$1.82	16d	1	0.92mi
3655 Loyola Dr Unit F158 Kenner, LA	2.0	2.0	1367	$2,445	$1.79	16d	1	0.92mi
3655 Loyola Dr Unit D236 Kenner, LA	2.0	2.0	1367	$2,320	$1.70	3d	1	0.92mi
3655 Loyola Dr Unit C223 Kenner, LA	2.0	2.0	1330	$2,295	$1.73	3d	1	0.92mi
2604 Richland St Unit 1 Kenner, LA	3.0	2.0	1442	$1,500	$1.04	6d	1	0.93mi
187 Avant Garde Cir #187 Kenner, LA	2.0	1.5	1050	$1,500	$1.43	16d	1	0.95mi
215 Avant Garde Cir Kenner, LA	2.0	2.0	1200	$1,500	$1.25	4d	1	0.96mi
3655 Loyola Dr Unit F460 Kenner, LA	2.0	2.0	1330	$2,280	$1.71	3d	1	0.97mi
3600 Loyola Dr Unit 353 Kenner, LA	2.0	2.0	1100	$1,445	$1.31	45d	1	1.01mi
3700 Loyola Dr Unit 377 Kenner, LA	2.0	2.0	1110	$1,495	$1.35	45d	1	1.01mi
3608 E Louisiana State Dr Kenner, LA	3.0	2.0	1800	$2,275	$1.26	3d	1	1.03mi
511 27th St Kenner, LA	3.0	2.0	1200	$1,575	$1.31	6d	1	1.05mi
2755 Huntsville St Apt C Kenner, LA	3.0	2.0	1216	$1,575	$1.30	6d	1	1.07mi
2755 Huntsville St Unit B Kenner, LA	3.0	1.5	1500	$1,650	$1.10	45d	1	1.07mi
2617 Phoenix St Kenner, LA	3.0	2.0	1350	$1,800	$1.33	45d	1	1.14mi
2752 Jasper St Unit A Kenner, LA	3.0	1.5	1400	$1,450	$1.04	45d	1	1.14mi
2603 Panama St Kenner, LA	3.0	1.5	1400	$1,400	$1.00	25d	1	1.19mi
3800 Grandlake Blvd Kenner, LA	1.0–2.0	1.0–2.0	950	$1,535	$1.62	6d	1	1.20mi
3808 Tulane Dr Kenner, LA	3.0	2.0	1220	$2,000	$1.64	45d	1	1.21mi
3816 W Louisiana State Dr Kenner, LA	3.0	2.0	1400	$1,800	$1.29	13d	1	1.23mi
3345 Cannes Pl Kenner, LA	3.0	2.0	1923	$2,700	$1.40	45d	1	1.23mi
3318 Cannes Pl Kenner, LA	3.0	2.0	1700	$2,100	$1.24	45d	1	1.24mi

Listing history 22 events

1. 2026-06-21
   days on market $115,000 Active 47 DOM
2. 2026-06-18
   days on market $115,000 Active 44 DOM
3. 2026-06-17
   days on market $115,000 Active 43 DOM
4. 2026-06-16
   days on market $115,000 Active 42 DOM
5. 2026-06-15
   days on market $115,000 Active 41 DOM
6. 2026-06-13
   days on market $115,000 Active 39 DOM
7. 2026-06-10
   days on market $115,000 Active 36 DOM
8. 2026-06-09
   days on market $115,000 Active 35 DOM
9. 2026-06-08
   days on market $115,000 Active 34 DOM
10. 2026-06-07
    days on market $115,000 Active 33 DOM
11. 2026-06-03
    days on market $115,000 Active 29 DOM
12. 2026-06-02
    days on market $115,000 Active 28 DOM
13. 2026-06-01
    days on market $115,000 Active 27 DOM
14. 2026-05-31
    days on market $115,000 Active 26 DOM
15. 2026-05-04
    listed $115,000 Active 463-char remark

    Show marketing remark (460 chars)

    Investor Alert!! This property needs a total rebuild. Extensive termite and water damage. Cash sale or approved construction loan. Will not qualify for any other loan types. Poor condition. Extensive termite damage. Has been treated but damage remains. Sold strictly as is. No repairs or replacements will be made. Utilities are not on and will not be turned on for inspections. Hold Harmless must be signed by each person entering the building. No exceptions.

16. 2026-05-04
    listed $115,000 Active 460-char remark

    Show marketing remark (460 chars)

    Investor Alert!! This property needs a total rebuild. Extensive termite and water damage. Cash sale or approved construction loan. Will not qualify for any other loan types. Poor condition. Extensive termite damage. Has been treated but damage remains. Sold strictly as is. No repairs or replacements will be made. Utilities are not on and will not be turned on for inspections. Hold Harmless must be signed by each person entering the building. No exceptions.

17. 2015-10-05
    soldstatus $159,900
18. 2015-07-26
    listed $159,900
19. 2004-09-01
    soldstatus $136,000
20. 1996-05-24
    soldstatus $84,500
21. 1996-03-08
    listed $88,900
22. 1996-03-08
    listed $88,900

ⓘ 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: $1,699 · $142/mo
• Projected year-2 tax: $1,699 · $142/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $23,905
• − Mortgage interest: −$6,442
• − Property taxes: −$1,699
• − Insurance: −$575
• − Repairs & maintenance: −$1,912
• − Management: −$1,912
• − Depreciation: −$3,345
• Taxable income: $8,019
• Est. tax owed @ 24.0%: −$1,925
• After-tax cash flow: $7,450/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 — Kenner

• Score: 78/100
• State rank: #6
• US rank: #2414

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenner, LA
• County: Jefferson Parish · 426,999 people
• City population: 66,707
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 48,936
• Household income: $67,285
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1906.0

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 0.69)
• Race & ethnicity: White 47% Hispanic / Latino 27% Two or more races 15% Black 15% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 9% Slovak 1% Italian 1%
• Foreign-born: 19% · Canada, China, Vietnam
• Languages at home: 72% English-only · Spanish 21% Other Indo-European 3% Arabic 1%

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: ▼ -214.79%
• Current HPI: 139.5115
• Rent YoY: ▼ -4.19%
• 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

+29.4% since first listed

8 events — show timeline

• 2026-05-04 Listed $115,000 AcadianaMLS
• 2026-05-04 Listed $115,000 GSREIN
• 2015-10-05 Sold (Public Records) $159,900 Public Records
• 2015-07-26 Listed $159,900 AcadianaMLS
• 2004-09-01 Sold (Public Records) $136,000 Public Records
• 1996-05-24 Sold (MLS) $84,500 GSREIN
• 1996-03-08 Listed $88,900 AcadianaMLS
• 1996-03-08 Listed $88,900 GSREIN

Property tax history

+3.3%/yr

Latest (2025): $1,699 · -0.4% YoY. Source: county tax records.