3705 Ole Miss Dr · Kenner, LA 70065

$145,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily · 47 Days on market

Built 1978 7,148 sqft lot $97/sqft · 42% below area Est $248k · 42% 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
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• 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

Spacious 3 bedroom, 2 bathroom home offering great potential and an opportunity to make it your own. Features a functional layout, generous living areas, and a large backyard. Roof and water heater were replaced after Hurricane Ida. Conveniently located it. Property is being sold as-is with no A/C or heater or ducts, giving buyers the opportunity to customize and update to their personal style or investment goals. Excellent opportunity for homeowners or investors alike. Living area is approximate and based on available public records and neighborhood comparisons. Buyer to independently verify all dimensions and square footage. Measurements are approximate and not guaranteed. Will not go for FHA or a regular Conventional loan but a Conventional renovation loan will do or cash.

Key facts

• Large backyard
• Roof replaced
• 7,148 sq ft lot

Tags

• LARGE BACKYARD
• ROOF REPLACED
• WATER HEATER REPLACED

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story; Average condition; Slab foundation
• Construction: Shingle roof
• Exterior features: City lot; Rectangular lot

Interior

• Kitchen: Oven; Range; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $660 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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); John Q. Adams Middle School (math 22% / reading 36%, grade F, #117 of 218 statewide, top 54%, 900 students, 55% 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); 294 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; list at $145k implies a 176% gain — meaningful room to come down on a strong offer.

Recommended offer $140,650 (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 1978 — 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: 1.38% ✓
• Cap rate: 11.75%
• Cash-on-cash: 19.50%
• DSCR: 1.87
• GRM: 6.1

CMA / ARV

• ARV (median comp): $248,008
• List price: $145,000
• Delta: -41.53%
• 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
3621 W Loyola Dr	0.64mi	3/2.0	1,575 (+5%)	1mo	$198,000	$126	61
3733 Tulane Dr	0.73mi	3/2.0	1,467 (-2%)	2mo	$235,000	$160	60
4041 E Louisiana State Dr	0.51mi	3/2.0	1,350 (-10%)	0mo	$250,000	$185	59
340 Bertolino Dr	0.68mi	3/2.0	1,535 (+2%)	8mo	$255,500	$166	57
3745 E Loyola Dr	0.16mi	4/2.0 (+1)	1,300 (-13%)	10mo	$225,000	$173	57
424 Bertolino Dr	0.61mi	4/2.0 (+1)	1,530 (+2%)	10mo	$295,000	$193	55
437 Pellerin Dr	0.67mi	3/2.0	1,397 (-7%)	7mo	$260,000	$186	51
3665 W Louisiana State Dr	0.67mi	3/2.0	1,379 (-8%)	10mo	$195,000	$141	47
717 Mayfair Ln	0.66mi	3/2.0	1,303 (-13%)	2mo	$265,000	$203	46
3760 W Louisiana State Dr	0.66mi	3/2.0	1,348 (-10%)	11mo	$212,000	$157	43
648 Mayfair Ln	0.59mi	4/2.0 (+1)	1,285 (-14%)	3mo	$180,000	$140	41
3713 W Loyola Dr	0.62mi	4/2.0 (+1)	1,315 (-12%)	6mo	$193,500	$147	41

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: 8.2%
• Equity multiple: 1.31×
• Total profit: $12,651
• Equity at exit: $21,620

10-year hold

• IRR: 14.9%
• Equity multiple: 2.04×
• Total profit: $42,426
• Equity at exit: $12,537

Cash invested: $40,600 (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: 294
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,996 high
• Mortgage (P&I): −$760
• Tax from tax record: −$96 /mo · $1,157/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $660

Break-even live

Break-even rent $1,161

Max offer price $145,000

Occupancy floor 62%

Sensitivity live

Price	-10% $742	-5% $701	+0% $660	+5% $619	+10% $578
Rent	-10% $502	-5% $581	+0% $660	+5% $739	+10% $817
Rate	-1.0pp $733	-0.5pp $697	base $660	+0.5pp $622	+1.0pp $584

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3608 E Louisiana State Dr Kenner, LA	3.0	2.0	1800	$2,275	$1.26	4d	1	0.19mi
3600 Loyola Dr Unit 353 Kenner, LA	2.0	2.0	1100	$1,445	$1.31	46d	1	0.27mi
3700 Loyola Dr Unit 377 Kenner, LA	2.0	2.0	1110	$1,495	$1.35	46d	1	0.33mi
3872 E Loyola Dr Kenner, LA	3.0	2.0	1170	$1,575	$1.35	22d	1	0.35mi
604 Vintage Dr Unit C Kenner, LA	2.0	2.5	1200	$1,350	$1.12	46d	1	0.39mi
3655 Loyola Dr Unit F361 Kenner, LA	2.0	2.0	1330	$2,395	$1.80	26d	1	0.41mi
3655 Loyola Dr Unit C329 Kenner, LA	2.0	2.0	1349	$2,320	$1.72	46d	1	0.41mi
3655 Loyola Dr Unit C223 Kenner, LA	2.0	2.0	1330	$2,310	$1.74	0d	1	0.41mi
3655 Loyola Dr Unit D236 Kenner, LA	2.0	2.0	1367	$2,335	$1.71	0d	1	0.41mi
3655 Loyola Dr Apt F261 Kenner, LA	2.0	2.0	1330	$2,425	$1.82	16d	1	0.41mi
3655 Loyola Dr Unit F158 Kenner, LA	2.0	2.0	1367	$2,445	$1.79	16d	1	0.41mi
3655 Loyola Dr Unit C229 Kenner, LA	2.0	2.0	1349	$2,335	$1.73	46d	1	0.41mi
3655 Loyola Dr Unit C224 Kenner, LA	2.0	2.0	1367	$2,320	$1.70	0d	1	0.41mi
3655 Loyola Dr Unit F462 Kenner, LA	2.0	2.0	1330	$2,295	$1.73	0d	1	0.42mi
3655 Loyola Dr Unit F460 Kenner, LA	2.0	2.0	1330	$2,280	$1.71	4d	1	0.42mi
4141 Loire Dr Kenner, LA	4.0	2.0	1950	$2,400	$1.23	5d	1	0.48mi
187 Avant Garde Cir #187 Kenner, LA	2.0	1.5	1050	$1,500	$1.43	16d	1	0.53mi
215 Avant Garde Cir Kenner, LA	2.0	2.0	1200	$1,500	$1.25	5d	1	0.53mi
200 Avant Garde Cir Kenner, LA	2.0	2.0	1217	$1,600	$1.31	0d	1	0.54mi
3655 W Loyola Dr Kenner, LA	1.0–2.0	1.0–2.0	1169	$2,325	$1.99	0d	33	0.63mi
3600 W Loyola Dr Unit 271 Kenner, LA	2.0	2.0	1586	$1,810	$1.14	0d	1	0.63mi
3600 W Loyola Dr Unit 159 Kenner, LA	2.0	2.0	1052	$1,520	$1.44	46d	1	0.63mi
3600 W Loyola Dr Unit 298 Kenner, LA	2.0	2.0	1586	$1,750	$1.10	23d	1	0.63mi
3600 W Loyola Dr Unit 182 Kenner, LA	2.0	2.0	1052	$1,515	$1.44	46d	1	0.63mi
3600 W Loyola Dr Unit 270 Kenner, LA	2.0	2.0	1570	$1,815	$1.16	0d	1	0.63mi
4129 Chateau Blvd Unit C Kenner, LA	2.0	1.5	1400	$1,425	$1.02	6d	1	0.67mi
3816 W Louisiana State Dr Kenner, LA	3.0	2.0	1400	$1,800	$1.29	14d	1	0.68mi
3808 Tulane Dr Kenner, LA	3.0	2.0	1220	$2,000	$1.64	46d	1	0.73mi
4212 Arbor Ct Unit D Kenner, LA	2.0	1.5	1079	$1,320	$1.22	46d	1	0.75mi
4204 Asher Ct Apt D Kenner, LA	2.0	1.5	1250	$1,250	$1.00	16d	1	0.76mi
904 Saint Julien Dr Unit A Kenner, LA	2.0	1.5	1100	$1,600	$1.45	0d	1	0.76mi
909 Vouray Dr Unit c Kenner, LA	2.0	1.5	1200	$1,200	$1.00	46d	1	0.79mi
913 Vouray Dr Unit C Kenner, LA	2.0	1.5	1200	$1,200	$1.00	46d	1	0.79mi
1012 St Julien Dr Apt F4 Kenner, LA	2.0	2.5	1271	$1,400	$1.10	22d	1	0.79mi
4206 Paradis Ln Kenner, LA	3.0	2.5	1350	$1,950	$1.44	26d	1	0.79mi
4204 Chateau Blvd Unit A Kenner, LA	2.0	1.5	1100	$1,300	$1.18	46d	1	0.79mi
708 Vouray Dr Unit A Kenner, LA	2.0	1.5	1200	$1,200	$1.00	16d	1	0.80mi
4213 Paradis Ln Kenner, LA	3.0	2.5	1510	$2,000	$1.32	6d	1	0.81mi
505 Vassar Ct Kenner, LA	3.0	2.0	1300	$1,800	$1.38	46d	1	0.81mi
4321 Loire Dr Unit D Kenner, LA	3.0	2.0	1250	$1,500	$1.20	16d	1	0.82mi

Listing history 19 events

1. 2026-06-22
   days on market $145,000 Active 47 DOM
2. 2026-06-21
   days on market $145,000 Active 46 DOM
3. 2026-06-18
   days on market $145,000 Active 43 DOM
4. 2026-06-17
   days on market $145,000 Active 42 DOM
5. 2026-06-16
   remarks 699-char remark
6. 2026-06-16
   days on market $145,000 Active 41 DOM
7. 2026-06-15
   days on market $145,000 Active 40 DOM
8. 2026-06-13
   days on market $145,000 Active 38 DOM
9. 2026-06-10
   days on market $145,000 Active 35 DOM
10. 2026-06-09
    days on market $145,000 Active 34 DOM
11. 2026-06-08
    days on market $145,000 Active 33 DOM
12. 2026-06-07
    pricedays on market $145,000 Active 32 DOM
13. 2026-06-03
    days on market $165,000 Active 28 DOM
14. 2026-06-02
    days on market $165,000 Active 27 DOM
15. 2026-06-01
    days on market $165,000 Active 26 DOM
16. 2026-05-31
    days on market $165,000 Active 25 DOM
17. 2026-05-06
    listed $165,000 Active 664-char remark

    Show marketing remark (786 chars)

    Spacious 3 bedroom, 2 bathroom home offering great potential and an opportunity to make it your own. Features a functional layout, generous living areas, and a large backyard. Roof and water heater were replaced after Hurricane Ida. Conveniently located it. Property is being sold as-is with no A/C or heater or ducts, giving buyers the opportunity to customize and update to their personal style or investment goals. Excellent opportunity for homeowners or investors alike. Living area is approximate and based on available public records and neighborhood comparisons. Buyer to independently verify all dimensions and square footage. Measurements are approximate and not guaranteed. Will not go for FHA or a regular Conventional loan but a Conventional renovation loan will do or cash.

18. 2026-05-06
    listed $165,000 Active 664-char remark

    Show marketing remark (786 chars)

    Spacious 3 bedroom, 2 bathroom home offering great potential and an opportunity to make it your own. Features a functional layout, generous living areas, and a large backyard. Roof and water heater were replaced after Hurricane Ida. Conveniently located it. Property is being sold as-is with no A/C or heater or ducts, giving buyers the opportunity to customize and update to their personal style or investment goals. Excellent opportunity for homeowners or investors alike. Living area is approximate and based on available public records and neighborhood comparisons. Buyer to independently verify all dimensions and square footage. Measurements are approximate and not guaranteed. Will not go for FHA or a regular Conventional loan but a Conventional renovation loan will do or cash.

19. 1990-06-01
    soldstatus $52,500

ⓘ 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: $1,157 · $96/mo
• Projected year-2 tax: $1,157 · $96/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: $23,954
• − Mortgage interest: −$8,122
• − Property taxes: −$1,157
• − Insurance: −$725
• − Repairs & maintenance: −$1,916
• − Management: −$1,916
• − Depreciation: −$4,218
• Taxable income: $5,899
• Est. tax owed @ 24.0%: −$1,416
• After-tax cash flow: $6,501/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

+176.2% since first listed

5 events — show timeline

• 2026-06-05 Price Changed $145,000 AcadianaMLS
• 2026-06-05 Price Changed $145,000 GSREIN
• 2026-05-06 Listed $165,000 GSREIN
• 2026-05-06 Listed $165,000 AcadianaMLS
• 1990-06-01 Sold (Public Records) $52,500 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,157 · -0.4% YoY. Source: county tax records.