3321 Marietta St · Chalmette, LA 70043

$165,000

3 bd · 1.0 ba · 1,368 sqft · SingleFamily · 3 Days on market

Built 1976 5,061 sqft lot Est $218k · 24% under

---

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 +23.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• Schools +5.0/10.0
• 1% rule +4.9/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming brick home in the heart of Chalmette that has just hit the market and is ready to impress. This well-maintained single story offers a warm, inviting layout with stylish finishes and thoughtful updates throughout. The spacious living area features rich wood tone flooring, crown molding, and abundant natural light, creating a comfortable space to gather and unwind. The kitchen is both functional and eye catching with dual tone cabinetry, stainless steel appliances, generous counter space, and a central island that anchors the room. It flows seamlessly into the dining area, highlighted by statement lighting and windows that brighten the space. Three well proportioned bedrooms provide flexibility for family, guests, or a home office. The bathroom showcases a stone look vanity and clean finishes. A dedicated laundry room adds convenience and storage. Step outside to a covered rear patio designed for relaxing and entertaining, overlooking a large fenced backyard with a firepit and green space to enjoy. Additional detached storage and workshop areas offer exceptional versatility. Opportunities like this do not last. Schedule your private showing today.

Key facts

• Dual tone cabinetry
• Central island
• Spacious living area

Tags

• BRICK HOME
• SPACIOUS LIVING AREA
• DUAL TONE CABINETRY
• STAINLESS STEEL APPLIANCES
• CENTRAL ISLAND
• COVERED REAR PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $250 ($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 $163k (1.4% below list).
• Recommended offer: $163k (1.4% below list) — sets the bar for 1% rule.
• Cap rate 8.6% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $5k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 20y 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.
• Current owner paid $119k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $162,693 (1.4% below list)

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.99% ✗
• Cap rate: 8.59%
• Cash-on-cash: 8.21%
• DSCR: 1.37
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $217,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3401 Marietta St	0.08mi	3/2.0	1,330 (-3%)	1mo	$155,000	$117	87
3100 Marietta St	0.21mi	3/1.0	1,464 (+7%)	4mo	$60,000	$41	76
3500 Dauterive Dr	0.19mi	3/2.0	1,279 (-6%)	3mo	$196,000	$153	74
3213 Buffon St	0.35mi	3/2.0	1,416 (+4%)	4mo	$249,000	$176	70
3417 Volpe Dr	0.47mi	3/2.0	1,300 (-5%)	2mo	$210,000	$162	64
2708 Tournefort St	0.52mi	3/2.0	1,313 (-4%)	2mo	$214,000	$163	63
3304 Corinne Dr	0.63mi	3/2.0	1,414 (+3%)	3mo	$224,500	$159	59
2700 Plaza Dr	0.44mi	3/2.0	1,192 (-13%)	2mo	$199,000	$167	52
419 W Josephine St	0.69mi	3/2.0	1,440 (+5%)	3mo	$222,000	$154	52
312 W St Jean Baptist Dr Dr	0.67mi	3/2.0	1,500 (+10%)	3mo	$190,000	$127	46
2705 Pecan Dr	0.53mi	4/2.0 (+1)	1,554 (+14%)	4mo	$260,000	$167	40
406 W Prosper St	0.69mi	3/2.0	1,572 (+15%)	3mo	$159,900	$102	36

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: -6.2%
• Equity multiple: 0.77×
• Total profit: $-10,686
• Equity at exit: $24,602

10-year hold

• IRR: 3.5%
• Equity multiple: 1.25×
• Total profit: $11,761
• Equity at exit: $14,266

Cash invested: $46,200 (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 70043

• Rents YoY: 3.1%
• Active inventory: 209
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,627 high
• Mortgage (P&I): −$865
• Tax from tax record: −$35 /mo · $420/yr
• Insurance: −$69
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $250

Break-even live

Break-even rent $1,311

Max offer price $165,000

Occupancy floor 80%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3305 Golden Dr Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	16d	1	0.07mi
3329 Golden Dr Unit A Chalmette, LA	2.0	1.5	1200	$1,200	$1.00	44d	1	0.08mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	10d	1	0.11mi
3209 Golden Dr Unit C Chalmette, LA	2.0	1.5	950	$1,200	$1.26	16d	1	0.14mi
3513 Golden Dr Chalmette, LA	2.0	2.0	1000	$1,200	$1.20	44d	1	0.19mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.24mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	2d	1	0.26mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.26mi
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	3d	1	0.32mi
3612 Laplace St Chalmette, LA	2.0	1.5	1090	$1,300	$1.19	17d	1	0.34mi
406 Dubarry Pl Chalmette, LA	3.0	2.0	950	$1,550	$1.63	44d	1	0.38mi
3708 Veronica Dr Chalmette, LA	3.0	2.0	1818	$2,550	$1.40	2d	1	0.39mi
3711 Tournefort St Chalmette, LA	3.0	2.0	1250	$1,850	$1.48	3d	1	0.42mi
3012 Volpe Dr Chalmette, LA	3.0	2.0	1812	$2,500	$1.38	44d	1	0.46mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	2d	1	0.56mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	44d	1	0.57mi
2708 Volpe Dr Chalmette, LA	3.0	2.0	1556	$2,300	$1.48	21d	1	0.57mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	44d	1	0.64mi
2429 Octavia Dr Chalmette, LA	3.0	2.0	1700	$1,575	$0.93	24d	1	0.64mi
2602 Chalona Dr Unit C Chalmette, LA	2.0	1.5	900	$1,200	$1.33	3d	1	0.65mi
2337 Plaza Dr Chalmette, LA	3.0	2.0	925	$1,500	$1.62	44d	1	0.71mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	10d	1	0.72mi
3629 Charles Dr Chalmette, LA	3.0	2.0	1405	$1,600	$1.14	14d	1	0.72mi
2329 Lyndell Dr Chalmette, LA	2.0	1.0	1265	$1,400	$1.11	44d	1	0.72mi
321 Rosemary Pl Chalmette, LA	2.0	2.0	1000	$1,550	$1.55	2d	1	0.73mi
2319 Plaza Dr Chalmette, LA	2.0	1.0	1000	$1,200	$1.20	3d	1	0.75mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	20d	1	0.84mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	44d	1	0.84mi
3625 Park Blvd Chalmette, LA	3.0	2.0	924	$1,750	$1.89	3d	1	0.84mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	44d	1	0.87mi
2228 Riverland Dr Chalmette, LA	3.0	1.0	1300	$1,800	$1.38	3d	1	0.87mi
2029 W Beauregard St Chalmette, LA	3.0	2.0	1176	$2,200	$1.87	17d	1	0.88mi
203 E Moreau St Chalmette, LA	3.0	1.5	965	$1,700	$1.76	3d	1	0.92mi
3508 Pakenham Dr Chalmette, LA	2.0	1.0	1000	$1,150	$1.15	3d	1	0.94mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	12d	1	0.95mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	24d	1	0.97mi
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	44d	1	0.97mi
2107 Montesquieu St Chalmette, LA	2.0	1.0	1150	$1,199	$1.04	21d	1	0.97mi
3615 Jupiter Dr Chalmette, LA	3.0	1.5	1000	$1,595	$1.59	44d	1	0.99mi
3405 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	24d	1	1.01mi

Listing history 9 events

1. 2026-03-06
   status Pending 1188-char remark

   Show marketing remark (1188 chars)

   Welcome to this charming brick home in the heart of Chalmette that has just hit the market and is ready to impress. This well-maintained single story offers a warm, inviting layout with stylish finishes and thoughtful updates throughout. The spacious living area features rich wood tone flooring, crown molding, and abundant natural light, creating a comfortable space to gather and unwind. The kitchen is both functional and eye catching with dual tone cabinetry, stainless steel appliances, generous counter space, and a central island that anchors the room. It flows seamlessly into the dining area, highlighted by statement lighting and windows that brighten the space. Three well proportioned bedrooms provide flexibility for family, guests, or a home office. The bathroom showcases a stone look vanity and clean finishes. A dedicated laundry room adds convenience and storage. Step outside to a covered rear patio designed for relaxing and entertaining, overlooking a large fenced backyard with a firepit and green space to enjoy. Additional detached storage and workshop areas offer exceptional versatility. Opportunities like this do not last. Schedule your private showing today.

2. 2026-03-06
   status Pending

   Show marketing remark (1188 chars)

   Welcome to this charming brick home in the heart of Chalmette that has just hit the market and is ready to impress. This well-maintained single story offers a warm, inviting layout with stylish finishes and thoughtful updates throughout. The spacious living area features rich wood tone flooring, crown molding, and abundant natural light, creating a comfortable space to gather and unwind. The kitchen is both functional and eye catching with dual tone cabinetry, stainless steel appliances, generous counter space, and a central island that anchors the room. It flows seamlessly into the dining area, highlighted by statement lighting and windows that brighten the space. Three well proportioned bedrooms provide flexibility for family, guests, or a home office. The bathroom showcases a stone look vanity and clean finishes. A dedicated laundry room adds convenience and storage. Step outside to a covered rear patio designed for relaxing and entertaining, overlooking a large fenced backyard with a firepit and green space to enjoy. Additional detached storage and workshop areas offer exceptional versatility. Opportunities like this do not last. Schedule your private showing today.

3. 2026-03-03
   listed $165,000 Active 1188-char remark

   Show marketing remark (1188 chars)

   Welcome to this charming brick home in the heart of Chalmette that has just hit the market and is ready to impress. This well-maintained single story offers a warm, inviting layout with stylish finishes and thoughtful updates throughout. The spacious living area features rich wood tone flooring, crown molding, and abundant natural light, creating a comfortable space to gather and unwind. The kitchen is both functional and eye catching with dual tone cabinetry, stainless steel appliances, generous counter space, and a central island that anchors the room. It flows seamlessly into the dining area, highlighted by statement lighting and windows that brighten the space. Three well proportioned bedrooms provide flexibility for family, guests, or a home office. The bathroom showcases a stone look vanity and clean finishes. A dedicated laundry room adds convenience and storage. Step outside to a covered rear patio designed for relaxing and entertaining, overlooking a large fenced backyard with a firepit and green space to enjoy. Additional detached storage and workshop areas offer exceptional versatility. Opportunities like this do not last. Schedule your private showing today.

4. 2026-03-03
   listed $165,000 Active

   Show marketing remark (1188 chars)

   Welcome to this charming brick home in the heart of Chalmette that has just hit the market and is ready to impress. This well-maintained single story offers a warm, inviting layout with stylish finishes and thoughtful updates throughout. The spacious living area features rich wood tone flooring, crown molding, and abundant natural light, creating a comfortable space to gather and unwind. The kitchen is both functional and eye catching with dual tone cabinetry, stainless steel appliances, generous counter space, and a central island that anchors the room. It flows seamlessly into the dining area, highlighted by statement lighting and windows that brighten the space. Three well proportioned bedrooms provide flexibility for family, guests, or a home office. The bathroom showcases a stone look vanity and clean finishes. A dedicated laundry room adds convenience and storage. Step outside to a covered rear patio designed for relaxing and entertaining, overlooking a large fenced backyard with a firepit and green space to enjoy. Additional detached storage and workshop areas offer exceptional versatility. Opportunities like this do not last. Schedule your private showing today.

5. 2007-02-16
   soldstatus $119,000
6. 2007-02-14
   soldstatus $119,000 206-char remark

   Show marketing remark (206 chars)

   REMODELED AND WAITING FOR OCCUPANCY. WOOD FLOORS IN THE KITCHEN , HALL AND DINING ROOM OPEN FLOOR PLAN 16 X 10 WORKSHOP 32 X 10 CARPORT, COVERED PATIO. NEW WOOD FENCE WITH REAR YARD ACCESS FOR BOAT OR CAR.

7. 2006-10-05
   listed $119,000 206-char remark

   Show marketing remark (206 chars)

   REMODELED AND WAITING FOR OCCUPANCY. WOOD FLOORS IN THE KITCHEN , HALL AND DINING ROOM OPEN FLOOR PLAN 16 X 10 WORKSHOP 32 X 10 CARPORT, COVERED PATIO. NEW WOOD FENCE WITH REAR YARD ACCESS FOR BOAT OR CAR.

8. 2006-10-05
   listed $119,000

   Show marketing remark (206 chars)

   REMODELED AND WAITING FOR OCCUPANCY. WOOD FLOORS IN THE KITCHEN , HALL AND DINING ROOM OPEN FLOOR PLAN 16 X 10 WORKSHOP 32 X 10 CARPORT, COVERED PATIO. NEW WOOD FENCE WITH REAR YARD ACCESS FOR BOAT OR CAR.

9. 1993-08-05
   soldstatus $63,000

ⓘ 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: $420 · $35/mo
• Projected year-2 tax: $908 · $76/mo
• Expected delta: +$488/yr (+$41/mo · 116.2%)

ⓘ 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,523
• − Mortgage interest: −$9,243
• − Property taxes: −$420
• − Insurance: −$1,622
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$4,800
• Taxable income: $315
• Est. tax owed @ 24.0%: −$76
• After-tax cash flow: $2,922/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

+161.9% since first listed

9 events — show timeline

• 2026-03-06 Pending — AcadianaMLS
• 2026-03-06 Pending — GSREIN
• 2026-03-03 Listed $165,000 GSREIN
• 2026-03-03 Listed $165,000 AcadianaMLS
• 2007-02-16 Sold (Public Records) $119,000 Public Records
• 2007-02-14 Sold (MLS) $119,000 GSREIN
• 2006-10-05 Listed $119,000 AcadianaMLS
• 2006-10-05 Listed $119,000 GSREIN
• 1993-08-05 Sold (Public Records) $63,000 Public Records

Property tax history

-10.2%/yr

Latest (2025): $420 · -73.3% YoY. Source: county tax records.