2744 Corinne Dr · Estelle, LA 70072

$159,000

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 68 Days on market

Built 1980 6,098 sqft lot $145/sqft · 14% below area Est $184k · 14% 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 +28.4/30.0
• ARV discount +13.6/15.0
• DSCR +10.0/10.0
• 1% rule +7.0/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Estelle Heights subdivision. Have to take a serious look here. This house features drive through carport with access to the rear yard and detached oversized 2 car garage big enough to include a small work area. Great for family gatherings and seafood boils. Above the garage is a bonus room with full bath, can be your play / game room, office, or even an extra bedroom for guest. The house and bonus room were updated in 2020. Main house features open living room, dining room and kitchen with 3 bedroom and 1 full bath. The Living room has woodburning fireplace and open to the dining room and kitchen area all with cathedral ceilings to give you that open airy feeling. Kitchen features granite counter tops, designer cabinets, tile flooring, with laminate in the bedrooms. Just need some minor fixes to make this your home. Call and make your appointment today.

Key facts

• Open living room
• Cathedral ceilings
• Bonus room

Tags

• DRIVE THROUGH CARPORT
• DETACHED OVERSIZED GARAGE
• BONUS ROOM
• FULL BATH
• OPEN LIVING ROOM
• CATHEDRAL CEILINGS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 5.7% in Estelle — 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 64/100 on livability (#183 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools F, crime F, amenities F.
• 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 rising (+1.1%/yr); 294 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 42% 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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 28y 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.

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 $149,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.20% ✓
• Cap rate: 10.17%
• Cash-on-cash: 13.84%
• DSCR: 1.62
• GRM: 6.9

CMA / ARV

• ARV (median comp): $184,095
• List price: $159,000
• Delta: -13.63%
• 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
2812 Dolores Dr	0.25mi	3/2.0	1,072 (-2%)	1mo	$199,000	$186	84
2784 Isabelle Dr	0.16mi	3/1.0	1,120 (+2%)	5mo	$152,000	$136	81
2717 Corinne Dr	0.07mi	3/2.0	1,200 (+9%)	7mo	$225,000	$188	76
2724 Bayou Teche Dr	0.46mi	3/2.0	1,089 (-1%)	2mo	$180,000	$165	75
2776 Russell Dr	0.25mi	3/1.0	1,033 (-6%)	8mo	$218,400	$211	68
4141 Ames Blvd	0.73mi	3/2.0	1,100 (0%)	1mo	$196,900	$179	65
4149 Ames Blvd	0.68mi	3/2.0	1,134 (+3%)	6mo	$188,000	$166	58
2521 Buccaneer Dr	0.46mi	2/1.0 (-1)	1,152 (+5%)	9mo	$175,000	$152	54
2720 Bayou Carencro Dr	0.69mi	3/2.0	1,208 (+10%)	1mo	$230,000	$190	51
4150 E Ames Blvd	0.72mi	3/2.0	1,196 (+9%)	3mo	$71,500	$60	49
2745 Bayou Lours Ct	0.54mi	3/2.0	1,235 (+12%)	9mo	$225,000	$182	47
4016 Regina Coeli Ct	0.72mi	3/2.0	1,265 (+15%)	9mo	$210,500	$166	34

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 · 1.05% rent growth · sell at horizon

5-year hold

• IRR: -0.6%
• Equity multiple: 0.98×
• Total profit: $-963
• Equity at exit: $23,707

10-year hold

• IRR: 7.0%
• Equity multiple: 1.48×
• Total profit: $21,341
• Equity at exit: $13,747

Cash invested: $44,520 (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 70072

• Rents YoY: 1.1%
• Active inventory: 294
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,910 high
• Mortgage (P&I): −$834
• Tax from tax record: −$96 /mo · $1,148/yr
• Insurance: −$66
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $447

Break-even live

Break-even rent $1,345

Max offer price $159,000

Occupancy floor 72%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2748 Erin Dr Marrero, LA	3.0	2.0	1460	$1,850	$1.27	23d	1	0.10mi
2544 Jeanne St Marrero, LA	4.0	2.0	1158	$2,300	$1.99	23d	1	0.35mi
2704 Sieglinde Ct Marrero, LA	3.0	2.0	1122	$1,850	$1.65	23d	1	0.44mi
2417 Highland Meadows Dr Marrero, LA	4.0	2.0	1400	$1,950	$1.39	43d	1	0.63mi
4613 Ames Blvd Marrero, LA	3.0	2.0	1461	$2,350	$1.61	43d	1	0.78mi
2425 Ramsey Dr Marrero, LA	4.0	2.0	1500	$1,800	$1.20	1d	1	1.12mi
116 Sunrise Dr Marrero, LA	3.0	1.5	1225	$1,750	$1.43	43d	1	1.32mi
5219 Cross Creek Dr Marrero, LA	2.0	2.0	1200	$1,450	$1.21	43d	1	1.47mi
5160 Mount Matterhorn St Marrero, LA	2.0	1.0	1000	$1,050	$1.05	23d	1	1.49mi
5162 Mount Matterhorn Ave Marrero, LA	2.0	1.0	1000	$1,050	$1.05	4d	1	1.49mi

Listing history 42 events

1. 2026-06-18
   days on market $159,000 Active 68 DOM
2. 2026-06-17
   days on market $159,000 Active 67 DOM
3. 2026-06-16
   days on market $159,000 Active 66 DOM
4. 2026-06-15
   days on market $159,000 Active 65 DOM
5. 2026-06-13
   days on market $159,000 Active 63 DOM
6. 2026-06-10
   days on market $159,000 Active 60 DOM
7. 2026-06-09
   days on market $159,000 Active 59 DOM
8. 2026-06-08
   days on market $159,000 Active 58 DOM
9. 2026-06-07
   days on market $159,000 Active 57 DOM
10. 2026-06-03
    days on market $159,000 Active 53 DOM
11. 2026-06-02
    days on market $159,000 Active 52 DOM
12. 2026-06-01
    days on market $159,000 Active 51 DOM
13. 2026-05-31
    days on market $159,000 Active 50 DOM
14. 2026-04-10
    listed $164,900 Active 865-char remark

    Show marketing remark (866 chars)

    Estelle Heights subdivision. Have to take a serious look here. This house features drive through carport with access to the rear yard and detached oversized 2 car garage big enough to include a small work area. Great for family gatherings and seafood boils. Above the garage is a bonus room with full bath, can be your play / game room, office, or even an extra bedroom for guest. The house and bonus room were updated in 2020. Main house features open living room, dining room and kitchen with 3 bedroom and 1 full bath. The Living room has woodburning fireplace and open to the dining room and kitchen area all with cathedral ceilings to give you that open airy feeling. Kitchen features granite counter tops, designer cabinets, tile flooring, with laminate in the bedrooms. Just need some minor fixes to make this your home. Call and make your appointment today.

15. 2026-04-10
    listed $164,900 Active 866-char remark

    Show marketing remark (866 chars)

    Estelle Heights subdivision. Have to take a serious look here. This house features drive through carport with access to the rear yard and detached oversized 2 car garage big enough to include a small work area. Great for family gatherings and seafood boils. Above the garage is a bonus room with full bath, can be your play / game room, office, or even an extra bedroom for guest. The house and bonus room were updated in 2020. Main house features open living room, dining room and kitchen with 3 bedroom and 1 full bath. The Living room has woodburning fireplace and open to the dining room and kitchen area all with cathedral ceilings to give you that open airy feeling. Kitchen features granite counter tops, designer cabinets, tile flooring, with laminate in the bedrooms. Just need some minor fixes to make this your home. Call and make your appointment today.

16. 2020-04-28
    soldstatus $155,000
17. 2020-04-28
    soldstatus $155,000
18. 2020-04-10
    soldstatus $155,000 Closed
19. 2020-03-06
    status Pending
20. 2020-02-19
    status Active
21. 2020-02-11
    status Pending
22. 2020-02-04
    listed $155,000
23. 2020-02-04
    listed $155,000 Active
24. 2019-11-15
    soldstatus $80,000 Closed
25. 2019-11-15
    soldstatus $80,000
26. 2019-10-08
    historical
27. 2019-10-07
    listed $80,000
28. 2019-10-07
    listed $80,000
29. 2015-09-23
    historical
30. 2015-09-10
    listed $106,000 Active
31. 2015-08-11
    historical
32. 2015-06-05
    listed $106,000 Active
33. 2015-06-05
    listed $106,000
34. 2015-06-05
    listed $106,000
35. 2014-05-05
    listed $114,900
36. 2014-05-05
    listed $114,900
37. 2013-06-17
    listed $120,000
38. 2013-06-17
    listed $120,000
39. 1998-08-17
    soldstatus $65,500
40. 1998-08-01
    soldstatus $65,500
41. 1998-03-07
    listed $64,999
42. 1998-03-07
    listed $64,999

ⓘ 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: $1,148 · $96/mo
• Projected year-2 tax: $1,148 · $96/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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,925
• − Mortgage interest: −$8,906
• − Property taxes: −$1,148
• − Insurance: −$1,592
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − Depreciation: −$4,625
• Taxable income: $2,985
• Est. tax owed @ 24.0%: −$716
• After-tax cash flow: $4,648/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 — Estelle

• Score: 64/100
• State rank: #183
• US rank: #14840

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Estelle, LA
• County: Jefferson Parish · 426,999 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 55,693
• Household income: $54,885
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 1807.0

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 0.67)
• Race & ethnicity: Black 40% White 39% Hispanic / Latino 12% Two or more races 7% Asian 5%
• Hispanic origin (detail): Mexican 4% Dominican 1%
• Common ancestry: Lithuanian 12% Hispanic 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 8% Vietnamese 4% French/Haitian/Cajun 2%

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: ▼ -89.87%
• Current HPI: 161.7477
• Rent YoY: ▲ 1.05%
• 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

+153.7% since first listed

29 events — show timeline

• 2026-04-10 Listed $164,900 GSREIN
• 2026-04-10 Listed $164,900 AcadianaMLS
• 2020-04-28 Sold (Public Records) $155,000 Public Records
• 2020-04-28 Sold (Public Records) $155,000 Public Records
• 2020-04-10 Sold (MLS) $155,000 GSREIN
• 2020-03-06 Pending — GSREIN
• 2020-02-19 Relisted — GSREIN
• 2020-02-11 Pending — GSREIN
• 2020-02-04 Listed $155,000 GSREIN
• 2020-02-04 Listed $155,000 AcadianaMLS
• 2019-11-15 Sold (Public Records) $80,000 Public Records
• 2019-11-15 Sold (MLS) $80,000 GSREIN
• 2019-10-08 Listing Removed — GSREIN
• 2019-10-07 Listed $80,000 GSREIN
• 2019-10-07 Listed $80,000 AcadianaMLS
• 2015-09-23 Listing Removed — GSREIN
• 2015-09-10 Listed $106,000 GSREIN
• 2015-08-11 Listing Removed — GSREIN
• 2015-06-05 Listed $106,000 GSREIN
• 2015-06-05 Listed $106,000 AcadianaMLS
• 2015-06-05 Listed $106,000 AcadianaMLS
• 2014-05-05 Listed $114,900 GSREIN
• 2014-05-05 Listed $114,900 AcadianaMLS
• 2013-06-17 Listed $120,000 GSREIN
• 2013-06-17 Listed $120,000 AcadianaMLS
• 1998-08-17 Sold (MLS) $65,500 GSREIN
• 1998-08-01 Sold (Public Records) $65,500 Public Records
• 1998-03-07 Listed $64,999 GSREIN
• 1998-03-07 Listed $64,999 AcadianaMLS

Property tax history

+0.6%/yr

Latest (2025): $1,148 · +0.3% YoY. Source: county tax records.