608 Airline Park Blvd · Metairie, LA 70003

$269,000

4 bd · 2.5 ba · 1,850 sqft · SingleFamily · 2 Days on market

Built 1954 Est $278k · at est.

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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 +19.7/30.0
• ARV discount +8.9/15.0
• DSCR +6.2/10.0
• Livability +4.4/5.0
• 1% rule +4.1/10.0
• Rent growth +3.0/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AIRLINE PARK LOCATION SOLID RANCH HOME 4 BEDS 2.5 BATHS WHOLE HOUSE GENERATOR COVERED PARKING AND ATTACHED STORAGE, REAR COVERED PATIO AND LARGE YARD, NEEDS SOME TLC- A GREAT PROPERTY

Key facts

• Covered parking
• Large yard
• Rear covered patio

Tags

• WHOLE HOUSE GENERATOR
• COVERED PARKING
• REAR COVERED PATIO
• LARGE YARD

Property features AI

Finance

• Other: Lot dimensions approximately 50 x 120

Exterior

• Parking: Covered off-street parking; Carport
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; City lot, rectangular
• Construction: Built with brick
• Exterior features: Porch; Concrete covered porch; Shed(s)

Interior

• Kitchen: Dishwasher; Refrigerator
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 6 total rooms; Average condition
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $248 ($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 $245k (8.8% below list).
• Recommended offer: $245k (8.8% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 3.6% in Metairie — 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 87/100 on livability (#1 in LA, #261 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+.
• 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: Rudolph Matas School (math 33% / reading 45%, grade F, #238 of 646 statewide, top 37%, 609 students, 56% FRL); T.H. Harris Middle School (math 8% / reading 24%, grade F, #180 of 218 statewide, top 83%, 707 students, 61% FRL); East Jefferson High School (math 18% / reading 35%, grade F, #148 of 265 statewide, top 56%, 1,348 students, 55% FRL).
• Market conditions: Rents rising (+2.1%/yr); 227 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 39% of the median local income ($76k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $245,346 (8.8% below list)

Questions for the listing agent

1. Built in 1954 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.91% ✗
• Cap rate: 7.70%
• Cash-on-cash: 5.01%
• DSCR: 1.22
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $277,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
601 Airline Park Blvd	0.04mi	3/3.0 (-1)	1,803 (-2%)	1mo	$246,000	$136	86
1017 Airline Park Blvd	0.30mi	4/2.0	1,832 (-1%)	5mo	$274,900	$150	78
6317 Nora St	0.46mi	3/1.5 (-1)	1,773 (-4%)	7mo	$105,000	$59	57
6116 Amhurst St	0.32mi	3/2.0 (-1)	2,031 (+10%)	6mo	$295,000	$145	56
1109 David Dr	0.55mi	3/2.5 (-1)	1,994 (+8%)	0mo	$385,000	$193	56
1613 Riviere Ave	0.57mi	3/2.0 (-1)	1,683 (-9%)	2mo	$141,900	$84	50
1608 Princeton St	0.68mi	4/2.5	2,063 (+12%)	1mo	$245,000	$119	48
7717 Richard St	0.68mi	4/3.0	2,012 (+9%)	6mo	$485,000	$241	46
6104 Camphor St	0.55mi	3/2.0 (-1)	1,600 (-14%)	0mo	$320,000	$200	44
1304 Kathleen Ave	0.70mi	3/2.0 (-1)	1,682 (-9%)	2mo	$361,000	$215	44
1317 Frankel Ave	0.63mi	3/2.0 (-1)	1,635 (-12%)	2mo	$290,000	$177	42
1513 Mason Smith Ave	0.67mi	3/2.0 (-1)	1,652 (-11%)	6mo	$245,000	$148	39

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 · 2.15% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-29,944
• Equity at exit: $40,109

10-year hold

• IRR: -3.0%
• Equity multiple: 0.81×
• Total profit: $-14,403
• Equity at exit: $23,258

Cash invested: $75,320 (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 70003

• Rents YoY: 2.1%
• Active inventory: 227
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,453 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$101 /mo · $1,213/yr
• Insurance: −$112
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $248

Break-even live

Break-even rent $2,140

Max offer price $269,000

Occupancy floor 85%

Sensitivity live

Price	-10% $400	-5% $324	+0% $248	+5% $172	+10% $96
Rent	-10% $54	-5% $151	+0% $248	+5% $345	+10% $442
Rate	-1.0pp $383	-0.5pp $316	base $248	+0.5pp $178	+1.0pp $107

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
703 Linden St Metairie, LA	3.0	2.0	1650	$2,500	$1.52	21d	1	0.18mi
1108 Cardinal Ave Metairie, LA	4.0	2.0	1903	$2,650	$1.39	45d	1	0.28mi
6016 Loraine St Metairie, LA	3.0	1.0	1600	$1,950	$1.22	3d	1	0.36mi
1216 Hymelia Ave Metairie, LA	4.0	2.0	1400	$3,500	$2.50	6d	1	0.43mi
3 Donald Ct Metairie, LA	3.0	2.0	1633	$2,000	$1.22	25d	1	0.51mi
1712 Abadie Ave Metairie, LA	4.0	2.0	1900	$2,750	$1.45	25d	1	0.63mi
705 N Lester Ave Metairie, LA	3.0	2.0	1334	$2,100	$1.57	45d	1	0.66mi
1808 Elise Ave Metairie, LA	3.0	2.0	1508	$2,100	$1.39	25d	1	0.71mi
2012 Airline Park Blvd Metairie, LA	3.0	2.0	1583	$2,100	$1.33	25d	1	0.84mi
6908 Christine St Metairie, LA	3.0	2.0	1550	$2,100	$1.35	25d	1	1.01mi
6908 Christine St Metairie, LA	3.0	2.0	1550	$2,000	$1.29	16d	1	1.01mi
808 Cynthia Ave Metairie, LA	3.0	2.0	1500	$2,100	$1.40	16d	1	1.01mi
527 Little Farms Ave New Orleans, LA	3.0	2.0	1855	$2,800	$1.51	25d	1	1.05mi
5017 Soldier St Metairie, LA	3.0	2.0	1575	$1,900	$1.21	16d	1	1.06mi
216 Trudeau Dr Metairie, LA	4.0	3.0	1825	$2,800	$1.53	6d	1	1.12mi
1101 Field Ave Metairie, LA	3.0	2.0	1290	$2,250	$1.74	45d	1	1.16mi
820 Calvert St Metairie, LA	3.0	2.0	1900	$3,000	$1.58	45d	1	1.17mi
713 Calvert St Metairie, LA	3.0	2.5	1644	$2,200	$1.34	25d	1	1.22mi
711 Calvert Ave Metairie, LA	3.0	2.5	1644	$2,150	$1.31	25d	1	1.23mi
4960 York St Unit 4954 Metairie, LA	3.0	2.5	1597	$2,150	$1.35	6d	1	1.30mi
4711 Grammar Ave Metairie, LA	3.0	2.0	1794	$1,550	$0.86	6d	1	1.30mi
10125 Stacy Ct New Orleans, LA	3.0	2.0	1950	$2,495	$1.28	22d	1	1.35mi
10613 Chadwick Dr New Orleans, LA	3.0	2.0	1460	$2,200	$1.51	3d	1	1.35mi
4522 Park Dr S Metairie, LA	3.0	2.0	1340	$1,500	$1.12	22d	1	1.47mi
1001 Minnesota Ave Kenner, LA	3.0	2.0	1800	$2,100	$1.17	45d	1	1.47mi

Listing history 2 events

1. 2026-06-21
   remarks 186-char remark
2. 2026-06-21
   listed $269,000 Active 2 DOM

ⓘ 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: $1,213 · $101/mo
• Projected year-2 tax: $1,480 · $123/mo
• Expected delta: +$267/yr (+$22/mo · 22.0%)

ⓘ 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 · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,442
• − Mortgage interest: −$15,068
• − Property taxes: −$1,213
• − Insurance: −$2,142
• − Repairs & maintenance: −$2,355
• − Management: −$2,355
• − Depreciation: −$7,825
• Taxable loss: −$1,518
• Est. tax savings @ 24.0%: +$364
• After-tax cash flow: $3,340/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 — Metairie

• Score: 87/100
• State rank: #1
• US rank: #261

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Metairie, LA
• County: Jefferson Parish · 426,999 people
• City population: 137,978
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 39,344
• Household income: $76,261
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 710.0

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: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 12% Black 8% Asian 5%
• Hispanic origin (detail): Mexican 3% Cuban 1%
• Common ancestry: Lithuanian 12% Scotch-Irish 1% Slovak 1%
• Foreign-born: 14% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 12% 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: ▼ -252.03%
• Current HPI: 138.5632
• Rent YoY: ▲ 2.15%
• 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

+0.0% since first listed

3 events — show timeline

• 2026-06-19 Listed $269,000 AcadianaMLS
• 2026-06-19 Listed $269,000 GSREIN
• 1995-05-01 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,213 · +0.1% YoY. Source: county tax records.