3400 Wall Blvd · New Orleans, LA 70114

$140,000

3 bd · 2.0 ba · 1,587 sqft · SingleFamily public records · 9 Days on market

Built 1978 Est $186k · 25% 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 +8.6/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sellers are motivated!! Come and see this charming 3-bedroom 2-bath home, which sits on a corner lot and offers a welcoming blend of comfort and style. With a spacious living room and a mix of modern updates and classic features, it provides a warm atmosphere. It also includes a spacious backyard, no carpet, and it's move-in ready!! Schedule your tour today.

Key facts

• Move-in ready
• Spacious backyard
• Corner lot

Tags

• CORNER LOT
• SPACIOUS LIVING ROOM
• SPACIOUS BACKYARD
• MOVE-IN READY

Property features AI

Exterior

• Parking: Driveway; One parking space
• Utilities: Public water; Public sewer; Electric service (assumed)
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; Very good condition
• Construction: Built with brick; Shingle roof; Slab foundation
• Exterior features: Fenced yard; Corner lot; City lot; Rectangular lot; Regular lot dimensions

Interior

• Kitchen: Oven; Refrigerator
• Bedrooms: Total rooms: 5
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Cathedral ceilings; Vaulted ceilings; High ceilings

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $462 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 10.8% 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: Rents soft (-0.7%/yr); 265 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• At $1,898/mo this rent would consume 52% of the median local household income ($43k/yr) (locally 2240% 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 $968 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.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 13y 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 $121k; 16% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,000

Questions for the listing agent

1. Built in 1978 — 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. 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.
5. 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.
6. 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: 1.36% ✓
• Cap rate: 10.83%
• Cash-on-cash: 16.19%
• DSCR: 1.72
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $185,679
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2032 Halsey Ave	0.24mi	3/2.0	1,639 (+3%)	0mo	$220,000	$134	83
2219 Mercedes Blvd	0.33mi	3/2.0	1,620 (+2%)	9mo	$190,000	$117	74
2048 Mercedes Blvd	0.31mi	3/2.0	1,606 (+1%)	12mo	$215,000	$134	73
1640 Tropic Dr	0.56mi	2/2.0 (-1)	1,580 (-0%)	1mo	$95,000	$60	67
2450 Mercedes Blvd	0.47mi	3/2.0	1,609 (+1%)	15mo	$187,000	$116	63
1761 Pace Blvd	0.46mi	3/2.0	1,390 (-12%)	3mo	$166,300	$120	55
1236 Southlawn Blvd	0.63mi	3/2.0	1,450 (-9%)	2mo	$145,000	$100	55
1721 Pace Blvd	0.46mi	3/1.0	1,383 (-13%)	3mo	$70,000	$51	50
2018 Saint Nick Dr	0.64mi	3/2.0	1,762 (+11%)	7mo	$235,000	$133	46
1509 Shirley Dr	0.75mi	2/1.5 (-1)	1,482 (-7%)	2mo	$45,000	$30	45
2121 Mediamolle Dr	0.48mi	4/2.0 (+1)	1,810 (+14%)	11mo	$269,000	$149	40
3626 De Armas St	0.61mi	4/2.0 (+1)	1,360 (-14%)	15mo	$147,500	$108	31

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: 0.9%
• Equity multiple: 1.03×
• Total profit: $1,274
• Equity at exit: $20,874

10-year hold

• IRR: 7.0%
• Equity multiple: 1.45×
• Total profit: $17,823
• Equity at exit: $12,105

Cash invested: $39,200 (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 70114

• Rents YoY: -0.7%
• Active inventory: 265
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,898 high
• Mortgage (P&I): −$734
• Tax from tax record: −$178 /mo · $2,140/yr
• Insurance: −$58
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $462

Break-even live

Break-even rent $1,313

Max offer price $140,000

Occupancy floor 71%

Sensitivity live

Price	-10% $542	-5% $502	+0% $462	+5% $423	+10% $383
Rent	-10% $312	-5% $387	+0% $462	+5% $537	+10% $612
Rate	-1.0pp $533	-0.5pp $498	base $462	+0.5pp $426	+1.0pp $389

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3000 Americus St New Orleans, LA	3.0	2.0	1280	$1,400	$1.09	24d	1	0.34mi
1622 Jo Ann Pl New Orleans, LA	3.0	1.5	1301	$1,500	$1.15	2d	1	0.42mi
1565 Murl St Unit B New Orleans, LA	2.0	2.0	1100	$1,100	$1.00	24d	1	0.43mi
1774 Pace Blvd New Orleans, LA	4.0	2.5	1574	$2,000	$1.27	24d	1	0.46mi
1719 Pace Blvd New Orleans, LA	3.0	1.0	1178	$2,000	$1.70	12d	1	0.49mi
3725 Macarthur Blvd Unit 2A New Orleans, LA	2.0	2.0	1200	$2,750	$2.29	19d	1	0.68mi
21 Carriage Ln New Orleans, LA	3.0	2.5	1900	$2,000	$1.05	22d	1	0.74mi
1684 Lauradale Dr New Orleans, LA	4.0	2.0	1571	$2,000	$1.27	24d	1	0.78mi
1410 Kabel Dr New Orleans, LA	3.0	2.0	2200	$2,200	$1.00	24d	1	0.81mi
2320 Mardi Gras Blvd New Orleans, LA	4.0	2.5	1600	$2,500	$1.56	2d	1	0.90mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	4d	1	0.93mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	3d	1	0.93mi
103 Danny Dr New Orleans, LA	4.0	2.0	2040	$2,400	$1.18	24d	1	0.97mi
1402 Behrman Ave New Orleans, LA	2.0	1.0	1673	$1,500	$0.90	24d	1	1.11mi
3252 Kabel Dr New Orleans, LA	2.0	1.5	1080	$1,300	$1.20	21d	1	1.16mi
1414 Sumner St New Orleans, LA	3.0	2.0	1800	$1,450	$0.81	16d	1	1.16mi
1108 Sumner St New Orleans, LA	3.0	1.5	1197	$1,500	$1.25	12d	1	1.25mi
3511 Hyman Pl New Orleans, LA	3.0	2.0	1975	$2,700	$1.37	2d	1	1.33mi
3151 Plymouth Pl New Orleans, LA	3.0	1.0	1470	$1,700	$1.16	24d	1	1.39mi
701 Behrman Ave New Orleans, LA	3.0	2.0	1368	$2,300	$1.68	4d	1	1.40mi
438 Friscoville Ave Arabi, LA	3.0	2.0	1500	$3,200	$2.13	3d	1	1.45mi

Listing history 8 events

1. 2026-06-08
   statusdays on market $140,000 Pending 9 DOM
2. 2026-06-07
   days on market $140,000 Active 8 DOM
3. 2026-06-05
   days on market $140,000 Active 5 DOM
4. 2026-06-03
   days on market $140,000 Active 4 DOM
5. 2026-06-02
   days on market $140,000 Active 3 DOM
6. 2026-06-01
   days on market $140,000 Active 2 DOM
7. 2026-05-31
   remarks 361-char remark
8. 2026-05-31
   listed $140,000 Active 1 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: $2,140 · $178/mo
• Projected year-2 tax: $2,140 · $178/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 · 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,780
• − Mortgage interest: −$7,842
• − Property taxes: −$2,140
• − Insurance: −$1,498
• − Repairs & maintenance: −$1,822
• − Management: −$1,822
• − Depreciation: −$4,073
• Taxable income: $3,583
• Est. tax owed @ 24.0%: −$860
• After-tax cash flow: $4,689/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): 22,659
• Household income: $43,493
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2240.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▼ -98.56%
• Current HPI: 149.0172
• Rent YoY: ▼ -0.72%
• 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

+127.1% since first listed

11 events — show timeline

• 2026-05-29 Listed $140,000 AcadianaMLS
• 2026-05-29 Listed $140,000 GSREIN
• 2017-04-27 Sold (Public Records) $121,000 Public Records
• 2017-04-26 Sold (MLS) $121,000 GSREIN
• 2017-04-10 Pending — GSREIN
• 2016-12-09 Listed $130,000 GSREIN
• 2016-12-07 Listed $130,000 AcadianaMLS
• 2014-01-23 Sold (MLS) $35,200 GSREIN
• 2013-11-21 Listed $25,000 AcadianaMLS
• 2013-11-21 Listed $25,000 GSREIN
• 1984-12-04 Sold (Public Records) $61,650 Public Records

Property tax history

+2.9%/yr

Latest (2026): $2,140 · +0.0% YoY. Source: county tax records.