3124 42nd St · Metairie, LA
Flood risk 8/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +17.1/30.0
- ARV discount +15.0/15.0
- DSCR +5.3/10.0
- Livability +4.4/5.0
- 1% rule +4.3/10.0
- Rent growth +2.5/5.0
- Schools +2.5/10.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$240,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
Key facts
- Ranch style house
- Big oak tree
- 50 x 120 lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $240k.
Deal economics
- At list price, monthly cash flow is $-260 ($-3k/yr) — negative.
- To cash-flow at today's rent, offer at most $194k (19.2% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $224k (6.7% below list).
- Recommended offer: $194k (19.2% below list) — sets the bar for cash-flow.
- Cap rate 7.1% 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.
- Market conditions: Rents soft (-0.0%/yr); 211 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 40% of the median local income ($68k/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 $7k of value loss. Plan a longer hold.
Negotiation context
- It's been on market 335 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 27y ago; this cycle's ask has dropped $54k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $153k; list at $240k implies a 57% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 335 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
- Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.93% ✗
- Cap rate
- 7.12%
- Cash-on-cash
- 2.97%
- DSCR
- 1.13
- GRM
- 8.9
CMA / ARV
- ARV (median comp)
- $439,807
- List price
- $240,000
- Delta
- -45.43%
- 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 |
|---|---|---|---|---|---|---|---|
| 3733 Annette Dr | 0.56mi | 3/2.5 | 2,135 (-1%) | 5mo | $285,000 | $133 | 67 |
| 3105 39th St | 0.20mi | 4/2.0 (+1) | 2,315 (+8%) | 10mo | $495,000 | $214 | 65 |
| 3619 46th St | 0.47mi | 4/2.0 (+1) | 2,273 (+6%) | 5mo | $275,000 | $121 | 60 |
| 2113 Krisma St | 0.54mi | 4/2.0 (+1) | 2,071 (-4%) | 8mo | $345,000 | $167 | 57 |
| 1912 Metairie Ct | 0.48mi | 3/2.5 | 1,939 (-10%) | 3mo | $484,500 | $250 | 57 |
| 141 Metairie Lawn Dr | 0.53mi | 3/2.0 | 1,881 (-13%) | 1mo | $535,000 | $284 | 53 |
| 401 Hesper Ave | 0.68mi | 4/2.0 (+1) | 2,075 (-4%) | 6mo | $470,000 | $227 | 52 |
| 3716 46th St | 0.54mi | 4/2.5 (+1) | 2,300 (+7%) | 8mo | $410,000 | $178 | 49 |
| 3701 Kim St | 0.46mi | 4/2.5 (+1) | 2,354 (+9%) | 8mo | $429,875 | $183 | 49 |
| 349 Melody Dr | 0.56mi | 4/3.0 (+1) | 2,384 (+11%) | 3mo | $470,000 | $197 | 44 |
| 1617 Neyrey Dr | 0.69mi | 3/3.0 | 1,850 (-14%) | 1mo | $320,000 | $173 | 39 |
| 432 Melody Dr | 0.61mi | 4/3.5 (+1) | 2,398 (+11%) | 10mo | $380,000 | $158 | 33 |
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
- IRR
- -28.4%
- Equity multiple
- 0.08×
- Total profit
- $-61,782
- Equity at exit
- $35,785
- IRR
- -51.2%
- Equity multiple
- -0.48×
- Total profit
- $-99,465
- Equity at exit
- $20,751
Cash invested: $67,200 (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
ZIP-level market 70001
- Rents YoY
- -0.0%
- Active inventory
- 211
- Price-to-rent
- 8.9×
Monthly cashflow live
- Estimated rent
- $2,240 high interval (Pro) →
- Mortgage (P&I)
- −$1,259
- Tax from tax record
- −$245 /mo · $2,938/yr
- Insurance
- −$100
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$470
- Net cashflow
- $-260
Break-even live
Sensitivity live
| Price | -10% $-125 | -5% $-193 | +0% $-260 | +5% $-328 | +10% $-396 |
|---|---|---|---|---|---|
| Rent | -10% $-437 | -5% $-349 | +0% $-260 | +5% $-172 | +10% $-84 |
| Rate | -1.0pp $-140 | -0.5pp $-199 | base $-260 | +0.5pp $-323 | +1.0pp $-386 |
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
- $60,000
- Closing costs
- $7,200
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3011 46th St Metairie, LA | 3.0 | 1.0 | 1488 | $2,200 | $1.48 | 45d | 1 | 0.20mi |
| 1916 Metairie Heights Ave Metairie, LA | 4.0 | 2.0 | 2250 | $2,800 | $1.24 | 25d | 1 | 0.45mi |
| 3624 45th St Metairie, LA | 3.0 | 2.0 | 1645 | $1,950 | $1.19 | 5d | 1 | 0.47mi |
| 3624 45th St Metairie, LA | 3.0 | 2.0 | 1645 | $2,100 | $1.28 | 45d | 1 | 0.47mi |
| 2328 Metairie Rd Unit 300 Metairie, LA | 2.0 | 2.0 | 1576 | $3,300 | $2.09 | 45d | 1 | 0.49mi |
| 132 Hesper Ave Metairie, LA | 4.0 | 4.0 | 2598 | $5,500 | $2.12 | 45d | 1 | 0.53mi |
| 3605 Elgin St Metairie, LA | 3.0 | 2.0 | 2100 | $1,550 | $0.74 | 25d | 1 | 0.53mi |
| 130 Helios Ave Metairie, LA | 2.0 | 2.5 | 1793 | $2,600 | $1.45 | 15d | 1 | 0.60mi |
| 517 Beverly Garden Dr Metairie, LA | 3.0 | 2.0 | 1700 | $2,000 | $1.18 | 45d | 1 | 0.75mi |
| 3827 35th St Metairie, LA | 3.0 | 2.5 | 1800 | $1,700 | $0.94 | 4d | 1 | 0.79mi |
| 704 Waltham St Metairie, LA | 3.0 | 2.0 | 1800 | $1,900 | $1.06 | 45d | 1 | 0.82mi |
| 218 Aurora Ave Metairie, LA | 3.0 | 2.5 | 2500 | $2,500 | $1.00 | 25d | 1 | 0.83mi |
| 1509 Taft Park Metairie, LA | 2.0 | 1.0 | 1400 | $2,200 | $1.57 | 21d | 1 | 0.83mi |
| 3710 Lilac Ln Unit 2509 Metairie, LA | 3.0 | 2.5 | 1800 | $1,705 | $0.95 | 22d | 1 | 0.84mi |
| 3710 Lilac Ln Unit 2111 Metairie, LA | 3.0 | 2.5 | 1800 | $1,630 | $0.91 | 25d | 1 | 0.84mi |
| 258 Gruner Rd Metairie, LA | 3.0 | 2.5 | 1400 | $1,800 | $1.29 | 25d | 1 | 0.85mi |
| 258 Gruner Rd Metairie, LA | 3.0 | 2.5 | 1400 | $1,850 | $1.32 | 45d | 1 | 0.85mi |
| 3717 Lilac Ln Metairie, LA | 4.0 | 2.5 | 2308 | $2,350 | $1.02 | 25d | 1 | 0.86mi |
| 3725 Lilac Ln Metairie, LA | 3.0 | 2.5 | 1766 | $2,200 | $1.25 | 5d | 1 | 0.87mi |
| 2421 Caswell Ln Metairie, LA | 3.0 | 2.0 | 1450 | $1,750 | $1.21 | 5d | 1 | 0.88mi |
| 3634 Bauvais St Unit 3634 Metairie, LA | 2.0 | 2.0 | 1800 | $2,250 | $1.25 | 4d | 1 | 0.88mi |
| 3716 Roman St Metairie, LA | 3.0 | 2.5 | 2200 | $2,700 | $1.23 | 25d | 1 | 0.89mi |
| 3760 Roman St Unit B Metairie, LA | 3.0 | 2.5 | 2300 | $2,850 | $1.24 | 15d | 1 | 0.90mi |
| 261 Hollywood Dr Unit C Metairie, LA | 3.0 | 1.0 | 1400 | $2,300 | $1.64 | 5d | 1 | 0.91mi |
| 3738 S I-10 Service Rd W Metairie, LA | 3.0 | 2.5 | 1700 | $1,650 | $0.97 | 5d | 1 | 0.93mi |
| 3708 Saratoga Dr Metairie, LA | 3.0 | 2.5 | 1700 | $1,800 | $1.06 | 45d | 1 | 0.94mi |
| 2520 Caswell Ln Metairie, LA | 3.0 | 2.5 | 1795 | $1,800 | $1.00 | 3d | 1 | 0.95mi |
| 1003 Old Metairie Pl Metairie, LA | 3.0 | 2.5 | 1900 | $3,000 | $1.58 | 25d | 1 | 1.06mi |
| 2900 Lexington Dr Metairie, LA | 3.0 | 2.5 | 1800 | $1,800 | $1.00 | 45d | 1 | 1.08mi |
| 3731 Bunker Hill Dr Metairie, LA | 3.0 | 2.0 | 1600 | $1,900 | $1.19 | 25d | 1 | 1.08mi |
| 728 Bonnabel Blvd Unit 1 Metairie, LA | 3.0 | 2.0 | 2000 | $3,500 | $1.75 | 45d | 1 | 1.13mi |
| 3911 Bauvais St Unit 1 Metairie, LA | 3.0 | 2.0 | 1575 | $1,850 | $1.17 | 25d | 1 | 1.14mi |
| 4002 Georgetown Dr Metairie, LA | 4.0 | 2.5 | 1875 | $1,800 | $0.96 | 25d | 1 | 1.15mi |
| 3913 Bauvais St Unit 1 Metairie, LA | 3.0 | 1.0 | 1495 | $1,600 | $1.07 | 45d | 1 | 1.15mi |
| 2508 Danny Park Metairie, LA | 4.0 | 2.0 | 2000 | $2,200 | $1.10 | 25d | 1 | 1.15mi |
| 261 Elmeer Ave Metairie, LA | 2.0 | 1.5 | 1650 | $1,725 | $1.05 | 45d | 1 | 1.15mi |
| 4008 Georgetown Dr Unit 4008 Metairie, LA | 3.0 | 2.5 | 1872 | $1,750 | $0.93 | 45d | 1 | 1.16mi |
| 4008 Georgetown Dr Unit 4008 Metairie, LA | 3.0 | 2.5 | 1872 | $1,750 | $0.93 | 21d | 1 | 1.16mi |
| 4001 Georgetown Dr Metairie, LA | 3.0 | 2.5 | 1872 | $1,750 | $0.93 | 45d | 1 | 1.16mi |
| 2704 Taft Park Metairie, LA | 3.0 | 2.0 | 2000 | $2,500 | $1.25 | 5d | 1 | 1.17mi |
Listing history 22 events
-
2026-06-09days on market $240,000 Active 335 DOM
-
2026-06-08days on market $240,000 Active 334 DOM
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2026-06-07days on market $240,000 Active 333 DOM
-
2026-06-03days on market $240,000 Active 329 DOM
-
2026-06-02days on market $240,000 Active 328 DOM
-
2026-06-01days on market $240,000 Active 327 DOM
-
2026-05-31days on market $240,000 Active 326 DOM
-
2026-03-02price $240,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2026-03-02price $240,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-12-10price $255,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-12-10price $255,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-10-15price $280,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-10-15price $280,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-09-15price $294,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-09-15price $294,000 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-07-08$325,000 Active 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-07-08$325,000 Active 271-char remark
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
-
2025-07-08$294,000 Active
Show marketing remark (271 chars)
REDUCED EVEN MORE!! RANCH STYLE HOUSE ON 50 X 120 LOT IN POPULAR METAIRIE AREA FOR TEAR DOWN AND BUILD YOUR DREAM HOME ON THIS DEMAND AREA LOT. HOUSE IS LISTED FOR LAND VALUE ONLY. WE HAVE A QUOTE AVAILABLE TO TEAR DOWN. HOUSE IS OCCUPIED - DO NOT ENTER PROPERTY TO VIEW.
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2000-02-18soldstatus $153,000
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2000-02-01soldstatus $153,000
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1999-08-11$158,000
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1999-08-11$158,000
ⓘ 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
- $2,938 · $245/mo
- Projected year-2 tax
- $2,938 · $245/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 AE · 60% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°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 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,878
- − Mortgage interest
- −$13,444
- − Property taxes
- −$2,938
- − Insurance
- −$6,319
- − Repairs & maintenance
- −$2,150
- − Management
- −$2,150
- − Depreciation
- −$6,982
- Taxable loss
- −$7,104
- Est. tax savings @ 24.0%
- +$1,705
- After-tax cash flow
- $-1,421/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
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)
- 38,950
- Household income
- $67,923
- Rent vs Own
- Severe rent burden
- 1988.0
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 0.57)
- Race & ethnicity
- White 62% Hispanic / Latino 17% Black 15% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 1% Cuban 2%
- Common ancestry
- Lithuanian 13% Italian 1% Hispanic 1%
- Foreign-born
- 12% · Canada, China, Philippines
- Languages at home
- 84% English-only · Spanish 12% Arabic 1% Other Indo-European 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
- ▼ -296.45%
- Current HPI
- 151.4615
- Rent YoY
- ▬ -0.04%
- 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 |
|
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Price history
+51.9% since first listed15 events — show timeline
- 2026-03-02 Price Changed $240,000 AcadianaMLS
- 2026-03-02 Price Changed $240,000 GSREIN
- 2025-12-10 Price Changed $255,000 AcadianaMLS
- 2025-12-10 Price Changed $255,000 GSREIN
- 2025-10-15 Price Changed $280,000 AcadianaMLS
- 2025-10-15 Price Changed $280,000 GSREIN
- 2025-09-15 Price Changed $294,000 AcadianaMLS
- 2025-09-15 Price Changed $294,000 GSREIN
- 2025-07-08 Listed $294,000 AcadianaMLS
- 2025-07-08 Listed $325,000 GSREIN
- 2025-07-08 Listed $325,000 AcadianaMLS
- 2000-02-18 Sold (MLS) $153,000 GSREIN
- 2000-02-01 Sold (Public Records) $153,000 Public Records
- 1999-08-11 Listed $158,000 GSREIN
- 1999-08-11 Listed $158,000 AcadianaMLS
Property tax history
+2.4%/yrLatest (2025): $2,938 · +0.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…