3461 Catalina Dr · New Orleans, LA 70114

$149,000

3 bd · 2.0 ba · 1,001 sqft · SingleFamily public records · 26 Days on market

Built 1986 Est $125k · 19% over

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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 +25.9/30.0
• DSCR +8.7/10.0
• 1% rule +5.7/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.6/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this meticulously kept up cottage in the Cypress Acres neighborhood, featuring three bedrooms, two full bathrooms, fireplace, and no carpet! The covered back porch is big enough for entertaining and relaxing on breezy afternoons, and the gardens are all fully landscaped with blossoming flowers and shrubs. The fully fenced in backyard also features a shed. Call your realtor to arrange for your own private showing!

Key facts

• Shed
• Covered back porch
• Garage

Tags

• CYPRESS ACRES NEIGHBORHOOD
• COVERED BACK PORCH
• FULLY LANDSCAPED GARDENS
• FULLY FENCED BACKYARD
• SHED

Property features AI

Exterior

• Parking: Garage; Off-street parking; Two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; Very good condition; Rectangular city lot (40' x 110')
• Construction: Built with brick; Shingle roof; Slab foundation
• Exterior features: Wood porch; Porch; Shed(s)

Interior

• Kitchen: Microwave; Oven; Range; Refrigerator; Granite counters
• Bedrooms: Total rooms: 6
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Granite counters; Gas fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $147k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% 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; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
• This rent runs 44% of the median local income ($43k/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.
• Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 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.
• Current owner paid $55k; list at $149k implies a 172% gain — meaningful room to come down on a strong offer.

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 $146,765 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.07% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.59%
• DSCR: 1.47
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $125,125
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1616 Tita St	0.31mi	3/1.0	936 (-6%)	1mo	$130,000	$139	70
1148 Southlawn Blvd	0.69mi	3/1.5	1,013 (+1%)	4mo	$137,700	$136	60
1522 Tita St	0.35mi	3/1.0	1,050 (+5%)	21mo	$125,000	$119	54
1416 Pace Blvd	0.56mi	3/1.0	1,118 (+12%)	1mo	$140,000	$125	49
1220 Terry St	0.47mi	3/2.0	1,134 (+13%)	9mo	$55,000	$49	48
144 Pinewood Ct	0.25mi	3/2.5	1,120 (+12%)	23mo	$93,000	$83	48
3308 Lamarque St	0.46mi	2/1.0 (-1)	1,128 (+13%)	10mo	$42,453	$38	40
1340 General Collins Ave	0.49mi	3/1.0	1,150 (+15%)	24mo	$165,000	$143	29

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: -6.4%
• Equity multiple: 0.77×
• Total profit: $-9,618
• Equity at exit: $22,216

10-year hold

• IRR: -0.7%
• Equity multiple: 0.96×
• Total profit: $-1,749
• Equity at exit: $12,883

Cash invested: $41,720 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$781
• Tax from tax record: −$46 /mo · $548/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $302

Break-even live

Break-even rent $1,210

Max offer price $149,000

Occupancy floor 76%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
735 Lees Ln Unit 2 New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	24d	1	0.12mi
3102 Lawrence St New Orleans, LA	2.0	1.0	950	$1,500	$1.58	24d	1	0.32mi
3000 Americus St New Orleans, LA	3.0	2.0	1280	$1,400	$1.09	24d	1	0.32mi
1565 Murl St Unit B New Orleans, LA	2.0	2.0	1100	$1,100	$1.00	24d	1	0.38mi
1622 Jo Ann Pl New Orleans, LA	3.0	1.5	1301	$1,500	$1.15	2d	1	0.39mi
1313 Flanders St New Orleans, LA	2.0	1.0	900	$1,295	$1.44	20d	1	0.43mi
2002 Pace Blvd Unit 103 New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	14d	1	0.48mi
1227 Flanders St New Orleans, LA	2.0	1.0	900	$1,000	$1.11	24d	1	0.48mi
1719 Pace Blvd New Orleans, LA	3.0	1.0	1178	$2,000	$1.70	12d	1	0.49mi
1945 Pace Blvd Unit 104 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	24d	1	0.50mi
1945 Pace Blvd Apt 101 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	10d	1	0.50mi
1200 Southlawn Blvd New Orleans, LA	3.0	2.0	950	$1,725	$1.82	24d	1	0.67mi
3725 Macarthur Blvd Unit 2A New Orleans, LA	2.0	2.0	1200	$2,750	$2.29	19d	1	0.75mi
1625 Lauradale Dr New Orleans, LA	3.0	2.0	1029	$1,700	$1.65	3d	1	0.80mi
2243 Kraft Pl New Orleans, LA	2.0	1.0	865	$1,200	$1.39	24d	1	0.86mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	3d	1	0.93mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	3d	1	0.93mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	14d	1	1.01mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	2d	1	1.01mi
1421 Numa St Unit 1421 New Orleans, LA	3.0	2.0	861	$1,400	$1.63	24d	1	1.02mi
1418 Behrman Ave New Orleans, LA	2.0	1.0	876	$1,400	$1.60	16d	1	1.07mi
1510 Sumner St New Orleans, LA	2.0	1.0	950	$1,474	$1.55	16d	1	1.13mi
601 Huntlee Dr New Orleans, LA	3.0	1.0	874	$1,450	$1.66	24d	1	1.14mi
3307 Kabel Dr New Orleans, LA	2.0	1.5	1000	$1,250	$1.25	3d	1	1.20mi
3315 Kabel Dr New Orleans, LA	2.0	1.5	975	$1,350	$1.38	24d	1	1.21mi
3317 Kabel Dr New Orleans, LA	2.0	1.5	975	$1,350	$1.38	24d	1	1.21mi
1108 Sumner St New Orleans, LA	3.0	1.5	1197	$1,500	$1.25	12d	1	1.21mi
3252 Kabel Dr New Orleans, LA	2.0	1.5	1080	$1,300	$1.20	20d	1	1.21mi
3320 Kabel Dr Unit C New Orleans, LA	3.0	2.0	999	$1,100	$1.10	3d	1	1.25mi
3362 Kabel Dr New Orleans, LA	3.0	2.0	1000	$1,250	$1.25	24d	1	1.25mi
701 Behrman Ave New Orleans, LA	3.0	2.0	1368	$2,300	$1.68	3d	1	1.35mi
438 Friscoville Ave Arabi, LA	3.0	2.0	1500	$3,200	$2.13	3d	1	1.40mi
3151 Plymouth Pl New Orleans, LA	3.0	1.0	1470	$1,700	$1.16	24d	1	1.44mi
5434 Chartres St New Orleans, LA	2.0	1.0	800	$1,150	$1.44	24d	1	1.47mi
810 Whitney Ave New Orleans, LA	2.0	1.0	900	$1,250	$1.39	12d	1	1.47mi
6530 Royal St Arabi, LA	2.0	2.0	860	$1,550	$1.80	44d	1	1.49mi

Listing history 6 events

1. 2026-05-01
   status Pending
2. 2026-04-12
   status Pending 425-char remark

   Show marketing remark (425 chars)

   Come see this meticulously kept up cottage in the Cypress Acres neighborhood, featuring three bedrooms, two full bathrooms, fireplace, and no carpet! The covered back porch is big enough for entertaining and relaxing on breezy afternoons, and the gardens are all fully landscaped with blossoming flowers and shrubs. The fully fenced in backyard also features a shed. Call your realtor to arrange for your own private showing!

3. 2026-04-12
   historical Active Under Contract

   Show marketing remark (425 chars)

   Come see this meticulously kept up cottage in the Cypress Acres neighborhood, featuring three bedrooms, two full bathrooms, fireplace, and no carpet! The covered back porch is big enough for entertaining and relaxing on breezy afternoons, and the gardens are all fully landscaped with blossoming flowers and shrubs. The fully fenced in backyard also features a shed. Call your realtor to arrange for your own private showing!

4. 2026-04-02
   listed $149,000 Active

   Show marketing remark (425 chars)

   Come see this meticulously kept up cottage in the Cypress Acres neighborhood, featuring three bedrooms, two full bathrooms, fireplace, and no carpet! The covered back porch is big enough for entertaining and relaxing on breezy afternoons, and the gardens are all fully landscaped with blossoming flowers and shrubs. The fully fenced in backyard also features a shed. Call your realtor to arrange for your own private showing!

5. 2026-04-02
   listed $149,000 Active 425-char remark

   Show marketing remark (425 chars)

   Come see this meticulously kept up cottage in the Cypress Acres neighborhood, featuring three bedrooms, two full bathrooms, fireplace, and no carpet! The covered back porch is big enough for entertaining and relaxing on breezy afternoons, and the gardens are all fully landscaped with blossoming flowers and shrubs. The fully fenced in backyard also features a shed. Call your realtor to arrange for your own private showing!

6. 1986-08-04
   soldstatus $54,840

ⓘ 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: $548 · $46/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$271/yr (+$23/mo · 49.4%)

ⓘ 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: $19,098
• − Mortgage interest: −$8,346
• − Property taxes: −$548
• − Insurance: −$1,542
• − Repairs & maintenance: −$1,528
• − Management: −$1,528
• − Depreciation: −$4,335
• Taxable income: $1,270
• Est. tax owed @ 24.0%: −$305
• After-tax cash flow: $3,315/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

+171.7% since first listed

6 events — show timeline

• 2026-05-01 Pending — GSREIN
• 2026-04-12 Pending — AcadianaMLS
• 2026-04-12 Contingent — GSREIN
• 2026-04-02 Listed $149,000 AcadianaMLS
• 2026-04-02 Listed $149,000 GSREIN
• 1986-08-04 Sold (Public Records) $54,840 Public Records

Property tax history

-0.8%/yr

Latest (2026): $548 · +0.0% YoY. Source: county tax records.