2201 Veronica Dr · Chalmette, LA 70043

$210,000

5 bd · 2.0 ba · 1,813 sqft · SingleFamily · 138 Days on market

Built 1965 5,100 sqft lot $116/sqft · 29% below area Est $297k · 29% under

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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 +22.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• Schools +5.0/10.0
• 1% rule +4.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare opportunity to own a 5-bedroom, 2-bath home in Chalmette at an affordable price point! Recently installed laminate wood flooring in the bedrooms, den, and living room--no carpet throughout. Enjoy a spacious backyard ideal for outdoor activities, plus a covered carport for added convenience. Conveniently located within walking distance to Chalmette High School and situated in Flood Zone X, offering peace of mind and affordable flood insurance. A great chance to secure a true 5-bedroom home without breaking the bank!

Key facts

• Spacious backyard
• Covered carport
• Flood zone x

Tags

• LAMINATE WOOD FLOORING
• SPACIOUS BACKYARD
• COVERED CARPORT
• FLOOD ZONE X

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $286 ($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 $204k (2.7% below list).
• Recommended offer: $185k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.5% in Chalmette — 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 65/100 on livability (#137 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Market conditions: Rents rising (+3.1%/yr); 209 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 45% of the median local income ($55k/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 $6k of value loss. Plan a longer hold.
• St. Bernard County population projected at +89% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 16y 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 $58k; list at $210k implies a 262% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major 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 $184,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F 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?
7. 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.
8. 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.
9. 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: 0.97% ✗
• Cap rate: 8.31%
• Cash-on-cash: 7.20%
• DSCR: 1.32
• GRM: 8.6

CMA / ARV

• ARV (median comp): $297,383
• List price: $210,000
• Delta: -29.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2225 Veronica Dr	0.07mi	4/2.0 (-1)	1,800 (-1%)	8mo	$224,000	$124	84
225 E Casa Calvo St	0.49mi	4/2.5 (-1)	1,806 (-0%)	5mo	$190,000	$105	65
2804 Volpe Dr	0.59mi	4/2.0 (-1)	1,808 (-0%)	4mo	$418,500	$231	64
2100 Plaza Dr	0.19mi	4/2.0 (-1)	1,978 (+9%)	16mo	$322,500	$163	57
3016 Pecan Dr	0.73mi	4/2.0 (-1)	1,858 (+2%)	8mo	$305,000	$164	50
2705 Pecan Dr	0.52mi	4/2.0 (-1)	1,554 (-14%)	4mo	$260,000	$167	43

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 · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -7.2%
• Equity multiple: 0.73×
• Total profit: $-15,618
• Equity at exit: $31,312

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $10,621
• Equity at exit: $18,157

Cash invested: $58,800 (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 70043

• Rents YoY: 3.1%
• Active inventory: 209
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,043 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$72 /mo · $869/yr
• Insurance: −$88
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $286

Break-even live

Break-even rent $1,681

Max offer price $210,000

Occupancy floor 81%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	23d	1	1.27mi

Listing history 29 events

1. 2026-06-18
   days on market $210,000 Active 138 DOM
2. 2026-06-17
   days on market $210,000 Active 137 DOM
3. 2026-06-16
   days on market $210,000 Active 136 DOM
4. 2026-06-15
   days on market $210,000 Active 135 DOM
5. 2026-06-13
   days on market $210,000 Active 133 DOM
6. 2026-06-10
   days on market $210,000 Active 130 DOM
7. 2026-06-09
   days on market $210,000 Active 129 DOM
8. 2026-06-08
   days on market $210,000 Active 128 DOM
9. 2026-06-07
   days on market $210,000 Active 127 DOM
10. 2026-06-03
    days on market $210,000 Active 123 DOM
11. 2026-06-02
    days on market $210,000 Active 122 DOM
12. 2026-06-01
    days on market $210,000 Active 121 DOM
13. 2026-05-31
    days on market $210,000 Active 120 DOM
14. 2026-04-30
    price $210,000 525-char remark

    Show marketing remark (530 chars)

    Rare opportunity to own a 5-bedroom, 2-bath home in Chalmette at an affordable price point! Recently installed laminate wood flooring in the bedrooms, den, and living room—no carpet throughout. Enjoy a spacious backyard ideal for outdoor activities, plus a covered carport for added convenience. Conveniently located within walking distance to Chalmette High School and situated in Flood Zone X, offering peace of mind and affordable flood insurance. A great chance to secure a true 5-bedroom home without breaking the bank!

15. 2026-04-30
    price $210,000 530-char remark

    Show marketing remark (530 chars)

    Rare opportunity to own a 5-bedroom, 2-bath home in Chalmette at an affordable price point! Recently installed laminate wood flooring in the bedrooms, den, and living room—no carpet throughout. Enjoy a spacious backyard ideal for outdoor activities, plus a covered carport for added convenience. Conveniently located within walking distance to Chalmette High School and situated in Flood Zone X, offering peace of mind and affordable flood insurance. A great chance to secure a true 5-bedroom home without breaking the bank!

16. 2026-01-31
    listed $215,000 Active 525-char remark

    Show marketing remark (530 chars)

    Rare opportunity to own a 5-bedroom, 2-bath home in Chalmette at an affordable price point! Recently installed laminate wood flooring in the bedrooms, den, and living room—no carpet throughout. Enjoy a spacious backyard ideal for outdoor activities, plus a covered carport for added convenience. Conveniently located within walking distance to Chalmette High School and situated in Flood Zone X, offering peace of mind and affordable flood insurance. A great chance to secure a true 5-bedroom home without breaking the bank!

17. 2026-01-31
    listed $215,000 Active 530-char remark

    Show marketing remark (530 chars)

    Rare opportunity to own a 5-bedroom, 2-bath home in Chalmette at an affordable price point! Recently installed laminate wood flooring in the bedrooms, den, and living room—no carpet throughout. Enjoy a spacious backyard ideal for outdoor activities, plus a covered carport for added convenience. Conveniently located within walking distance to Chalmette High School and situated in Flood Zone X, offering peace of mind and affordable flood insurance. A great chance to secure a true 5-bedroom home without breaking the bank!

18. 2018-04-20
    historical
19. 2018-03-15
    price $135,000
20. 2017-11-07
    listed $140,000 Active
21. 2017-11-06
    listed $135,000
22. 2014-01-03
    soldstatus $58,000
23. 2013-12-27
    soldstatus $58,000
24. 2013-11-15
    listed $58,000
25. 2013-11-15
    listed $58,000
26. 2010-07-14
    soldstatus $120,700
27. 2010-07-02
    soldstatus $120,700
28. 2010-01-28
    listed $125,000
29. 2010-01-28
    listed $125,000

ⓘ 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: $869 · $72/mo
• Projected year-2 tax: $1,155 · $96/mo
• Expected delta: +$286/yr (+$24/mo · 32.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 73% 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: $24,515
• − Mortgage interest: −$11,763
• − Property taxes: −$869
• − Insurance: −$1,847
• − Repairs & maintenance: −$1,961
• − Management: −$1,961
• − Depreciation: −$6,109
• Taxable income: $3
• Est. tax owed @ 24.0%: −$1
• After-tax cash flow: $3,434/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)

No district data.

Livability — Chalmette

• Score: 65/100
• State rank: #137
• US rank: #12500

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chalmette, LA
• County: Saint Bernard Parish · 22,638 people
• City population: 22,638
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,638
• Household income: $55,068
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 881.0

Population outlook (St. Bernard County) Hauer SSP2

• Today (2025): 66,513 people
• By 2030: 77,768 · +16.9%
• By 2040: 101,296 · +52.3%
• By 2050: 125,770 · +89.1%
• By 2075: 188,160 · +182.9%
• By 2100: 239,339 · +259.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 26% Hispanic / Latino 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 13% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Arabic 1% Vietnamese 1%

Political lean MEDSL · St. Bernard

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: +16.1pp toward D · 2008: -45.4pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+28.5 2016: R+33.4 2012: R+24.7 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.77%
• Current HPI: 194.8123
• Rent YoY: ▲ 3.11%
• 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

+68.0% since first listed

16 events — show timeline

• 2026-04-30 Price Changed $210,000 AcadianaMLS
• 2026-04-30 Price Changed $210,000 GSREIN
• 2026-01-31 Listed $215,000 GSREIN
• 2026-01-31 Listed $215,000 AcadianaMLS
• 2018-04-20 Listing Removed — GSREIN
• 2018-03-15 Price Changed $135,000 GSREIN
• 2017-11-07 Listed $140,000 GSREIN
• 2017-11-06 Listed $135,000 AcadianaMLS
• 2014-01-03 Sold (Public Records) $58,000 Public Records
• 2013-12-27 Sold (MLS) $58,000 GSREIN
• 2013-11-15 Listed $58,000 AcadianaMLS
• 2013-11-15 Listed $58,000 GSREIN
• 2010-07-14 Sold (Public Records) $120,700 Public Records
• 2010-07-02 Sold (MLS) $120,700 GSREIN
• 2010-01-28 Listed $125,000 AcadianaMLS
• 2010-01-28 Listed $125,000 GSREIN

Property tax history

-4.7%/yr

Latest (2025): $869 · -57.0% YoY. Source: county tax records.