7070 Bundy Rd · New Orleans, LA 70127

$125,000

4 bd · 2.5 ba · 3,064 sqft · SingleFamily public records · 112 Days on market

Built 2003 $41/sqft · 65% below area Est $228k · 45% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE IT LASTS! ROOF approximately 2 years old!! Water heater is 1 year old. Rare find in N.O.E for a Commercial/Residential home. New iron front screen door. New Entergy meter. Exterior A/C unit missing. Good location on Bundy Rd and a corner lot with a bus stop across the street. Downstairs, an open slate, you do your own thing. There are so many possibilities for the downstairs to be used as a Commercial entity. (please, verify zoning for all possible uses.) The plumbing is in place for a full bath, electrical is all working. Existing living area of the home is upstairs with 3 large bedrooms, 2 full bathrooms, a huge living room, and a kitchen. The primary bath has 2 separate vanities. Close in one or both areas of the 2-car attached garage and still have ample sq. ft. for a business or additional living area for extended families. There is also an additional detached garage not included in the total area. Fenced-in yard. Property has been boarded up in some downstairs areas. Being sold strictly "as-is," no repairs or allowances by owners.

Key facts

• Corner lot
• Fenced in yard
• Garage

Tags

• ROOF APPROXIMATELY 2 YEARS OLD
• WATER HEATER 1 YEAR OLD
• NEW IRON FRONT SCREEN DOOR
• CORNER LOT
• FENCED IN YARD
• ADDITIONAL DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $788 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 4.4% in New Orleans — 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 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
• Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 128 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• At $2,210/mo this rent would consume 65% of the median local household income ($41k/yr) (locally 2030% 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 $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; list at $125k implies a 381% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 1.77% ✓
• Cap rate: 14.50%
• Cash-on-cash: 29.30%
• DSCR: 2.30
• GRM: 4.7

CMA / ARV

• ARV (median comp): $228,145
• List price: $125,000
• Delta: -45.21%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7222 Claridge Ct	0.37mi	5/3.0 (+1)	2,954 (-4%)	3mo	$332,000	$112	67
8461 Beechwood Ct	0.43mi	4/3.5	3,392 (+11%)	17mo	$275,000	$81	44
9760 Andover Dr	0.41mi	4/3.0	2,670 (-13%)	19mo	$269,900	$101	42
10101 Brookfield Dr	0.67mi	3/4.5 (-1)	3,460 (+13%)	14mo	$250,000	$72	22

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 1.86×
• Total profit: $30,027
• Equity at exit: $18,638

10-year hold

• IRR: 29.2%
• Equity multiple: 3.60×
• Total profit: $91,146
• Equity at exit: $10,808

Cash invested: $35,000 (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 70127

• Home prices YoY: -29.2%
• Active inventory: 128
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,210 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$184 /mo · $2,202/yr
• Insurance: −$52
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $788

Break-even live

Break-even rent $1,212

Max offer price $125,000

Occupancy floor 59%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7401 Scottsdale Dr New Orleans, LA	3.0	2.5	2100	$2,000	$0.95	23d	1	0.48mi
5611 Rickert Dr New Orleans, LA	3.0	2.5	2155	$2,900	$1.35	44d	1	1.11mi

Listing history 26 events

1. 2026-06-18
   days on market $125,000 Active 112 DOM
2. 2026-06-17
   days on market $125,000 Active 111 DOM
3. 2026-06-16
   days on market $125,000 Active 110 DOM
4. 2026-06-15
   days on market $125,000 Active 109 DOM
5. 2026-06-13
   days on market $125,000 Active 107 DOM
6. 2026-06-10
   days on market $125,000 Active 104 DOM
7. 2026-06-09
   days on market $125,000 Active 103 DOM
8. 2026-06-08
   days on market $125,000 Active 102 DOM
9. 2026-06-07
   days on market $125,000 Active 101 DOM
10. 2026-06-05
    days on market $125,000 Active 98 DOM
11. 2026-06-03
    days on market $125,000 Active 97 DOM
12. 2026-06-02
    days on market $125,000 Active 96 DOM
13. 2026-06-01
    days on market $125,000 Active 95 DOM
14. 2026-05-31
    days on market $125,000 Active 94 DOM
15. 2026-04-17
    price $125,000 1103-char remark

    Show marketing remark (1109 chars)

    TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE IT LASTS! ROOF approximately 2 years old!! Water heater is 1 year old. Rare find in N. O. E for a Commercial/Residential home. New iron front screen door. New Entergy meter. Exterior A/C unit missing. Good location on Bundy Rd and a corner lot with a bus stop across the street. Downstairs, an open slate, you do your own thing. There are so many possibilities for the downstairs to be used as a Commercial entity. (please, verify zoning for all possible uses. ) The plumbing is in place for a full bath, electrical is all working. Existing living area of the home is upstairs with 3 large bedrooms, 2 full bathrooms, a huge living room, and a kitchen. The primary bath has 2 separate vanities. Close in one or both areas of the 2-car attached garage and still have ample sq. ft. for a business or additional living area for extended families. There is also an additional detached garage not included in the total area. Fenced-in yard. Property has been boarded up in some downstairs areas. Being sold strictly "as-is, " no repairs or allowances by owners.

16. 2026-04-17
    price $125,000 1109-char remark

    Show marketing remark (1109 chars)

    TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE IT LASTS! ROOF approximately 2 years old!! Water heater is 1 year old. Rare find in N. O. E for a Commercial/Residential home. New iron front screen door. New Entergy meter. Exterior A/C unit missing. Good location on Bundy Rd and a corner lot with a bus stop across the street. Downstairs, an open slate, you do your own thing. There are so many possibilities for the downstairs to be used as a Commercial entity. (please, verify zoning for all possible uses. ) The plumbing is in place for a full bath, electrical is all working. Existing living area of the home is upstairs with 3 large bedrooms, 2 full bathrooms, a huge living room, and a kitchen. The primary bath has 2 separate vanities. Close in one or both areas of the 2-car attached garage and still have ample sq. ft. for a business or additional living area for extended families. There is also an additional detached garage not included in the total area. Fenced-in yard. Property has been boarded up in some downstairs areas. Being sold strictly "as-is, " no repairs or allowances by owners.

17. 2026-02-26
    listed $135,000 Active 1103-char remark

    Show marketing remark (1109 chars)

    TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE IT LASTS! ROOF approximately 2 years old!! Water heater is 1 year old. Rare find in N. O. E for a Commercial/Residential home. New iron front screen door. New Entergy meter. Exterior A/C unit missing. Good location on Bundy Rd and a corner lot with a bus stop across the street. Downstairs, an open slate, you do your own thing. There are so many possibilities for the downstairs to be used as a Commercial entity. (please, verify zoning for all possible uses. ) The plumbing is in place for a full bath, electrical is all working. Existing living area of the home is upstairs with 3 large bedrooms, 2 full bathrooms, a huge living room, and a kitchen. The primary bath has 2 separate vanities. Close in one or both areas of the 2-car attached garage and still have ample sq. ft. for a business or additional living area for extended families. There is also an additional detached garage not included in the total area. Fenced-in yard. Property has been boarded up in some downstairs areas. Being sold strictly "as-is, " no repairs or allowances by owners.

18. 2026-02-26
    listed $135,000 Active 1109-char remark

    Show marketing remark (1109 chars)

    TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE IT LASTS! ROOF approximately 2 years old!! Water heater is 1 year old. Rare find in N. O. E for a Commercial/Residential home. New iron front screen door. New Entergy meter. Exterior A/C unit missing. Good location on Bundy Rd and a corner lot with a bus stop across the street. Downstairs, an open slate, you do your own thing. There are so many possibilities for the downstairs to be used as a Commercial entity. (please, verify zoning for all possible uses. ) The plumbing is in place for a full bath, electrical is all working. Existing living area of the home is upstairs with 3 large bedrooms, 2 full bathrooms, a huge living room, and a kitchen. The primary bath has 2 separate vanities. Close in one or both areas of the 2-car attached garage and still have ample sq. ft. for a business or additional living area for extended families. There is also an additional detached garage not included in the total area. Fenced-in yard. Property has been boarded up in some downstairs areas. Being sold strictly "as-is, " no repairs or allowances by owners.

19. 2025-03-09
    listed $149,000 Active
20. 2025-01-22
    price $149,000
21. 2025-01-22
    price $149,000
22. 2024-07-02
    listed $155,000 Active
23. 2024-06-01
    price $155,000
24. 2023-08-08
    price $175,000
25. 2023-07-01
    listed $155,000
26. 1983-03-22
    soldstatus $26,000

ⓘ 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: $2,202 · $184/mo
• Projected year-2 tax: $2,202 · $184/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 ≥107°F today · 21 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: $26,516
• − Mortgage interest: −$7,002
• − Property taxes: −$2,202
• − Insurance: −$1,422
• − Repairs & maintenance: −$2,121
• − Management: −$2,121
• − Depreciation: −$3,636
• Taxable income: $8,010
• Est. tax owed @ 24.0%: −$1,922
• After-tax cash flow: $7,534/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: Orleans Parish
• NCES district ID: 2201170
• Math proficiency: 11% ▼ -52.00%
• Reading proficiency: 27% ▼ -46.00%
• Median HH income: $37,011
• Composite: 15.78/100
• National rank: #9271
• State rank: #69 of 98 in LA

Livability — New Orleans

• Score: 81/100
• State rank: #3
• US rank: #1383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Orleans, LA
• County: Orleans Parish · 338,817 people
• City population: 338,817
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 23,107
• Household income: $40,765
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2030.0

Population outlook (Orleans County) Hauer SSP2

• Today (2025): 513,025 people
• By 2030: 575,781 · +12.2%
• By 2040: 700,174 · +36.5%
• By 2050: 826,541 · +61.1%
• By 2075: 1,123,374 · +119.0%
• By 2100: 1,355,609 · +164.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 4% White 2%
• Common ancestry: Lithuanian 1% Hispanic 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Orleans

• 2024 margin: Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
• 2008→2024 swing: +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
• All cycles: 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.43%
• Current HPI: 175.4465
• Rent YoY: —
• 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

+380.8% since first listed

12 events — show timeline

• 2026-04-17 Price Changed $125,000 AcadianaMLS
• 2026-04-17 Price Changed $125,000 GSREIN
• 2026-02-26 Listed $135,000 GSREIN
• 2026-02-26 Listed $135,000 AcadianaMLS
• 2025-03-09 Listed $149,000 AcadianaMLS
• 2025-01-22 Price Changed $149,000 AcadianaMLS
• 2025-01-22 Price Changed $149,000 GSREIN
• 2024-07-02 Listed $155,000 AcadianaMLS
• 2024-06-01 Price Changed $155,000 GSREIN
• 2023-08-08 Price Changed $175,000 GSREIN
• 2023-07-01 Listed $155,000 AcadianaMLS
• 1983-03-22 Sold (Public Records) $26,000 Public Records

Property tax history

+1.5%/yr

Latest (2026): $2,202 · +1.1% YoY. Source: county tax records.