543 Stratford Dr · Harahan, LA 70123

$155,000

3 bd · 1.5 ba · 1,166 sqft · SingleFamily · 10 Days on market

Built 1950 7,701 sqft lot Est $227k · 32% 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +5.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity in a desirable Harahan neighborhood! Home features a newer roof replaced following Hurricane Ida. Seller is exempt from property disclosures and has limited knowledge of the property's condition, history, or defects. Seller is acting under Power of Attorney and understands that her parent occupied the home for many years. To the best of Seller's knowledge, the home is largely original with the exception of the roof. Property is being sold strictly AS IS. No repairs, concessions, or warranties will be provided. Home is in need of substantial renovation and may require a complete gut renovation to the studs or possible tear-down, depending on buyer's plans, inspections, and due diligence. Buyer to verify all measurements and property information. Washer and Dryer excluded from sale. Exercise caution when touring the property. The home has been vacant for over a year. Electricity is on; water and sewer are currently off. All visitors must sign a liability waiver/release prior to entry.

Key facts

• 7,701 sq ft lot
• Parking
• Built 1950

Property features AI

Exterior

• Parking: Carport; Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story dwelling; Wood siding exterior; Slab foundation
• Construction: Asphalt shingle roof; Wood siding construction; Built with slab foundation
• Exterior features: Covered patio/porch; City lot with rectangular shape; Lot dimensions approximately 60 x 100

Interior

• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 5 rooms; Property listed in poor condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 8.9% vs local median 4.2% in Harahan — 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 74/100 on livability (#27 in LA, #4,830 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, housing A+; Watch: amenities F, commute 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 flat; 163 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).

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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.07% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.27%
• DSCR: 1.41
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $227,370
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
447 Roseland Pkwy	0.27mi	3/2.0	1,231 (+6%)	2mo	$245,000	$199	75
8109 Harris Ave	0.24mi	3/2.0	1,250 (+7%)	5mo	$130,000	$104	70
830 Colonial Club Dr	0.40mi	3/1.0	1,212 (+4%)	6mo	$157,590	$130	68
7030 Michael Pl	0.30mi	3/2.0	1,256 (+8%)	6mo	$310,000	$247	66
409 Gordon Ave	0.32mi	3/1.0	1,026 (-12%)	1mo	$247,000	$241	62
412 Stratford Dr	0.19mi	3/3.0	1,330 (+14%)	2mo	$260,000	$195	60
145 Levee View Dr	0.57mi	2/2.0 (-1)	1,211 (+4%)	2mo	$160,000	$132	58
8815 Darby Ln	0.63mi	3/2.0	1,240 (+6%)	1mo	$205,000	$165	57
828 Colonial Club Dr	0.39mi	3/2.0	1,334 (+14%)	4mo	$235,000	$176	53
401 Oak Ave	0.44mi	4/1.0 (+1)	1,300 (+12%)	1mo	$158,000	$122	52
246 East Ave	0.52mi	2/1.0 (-1)	1,055 (-10%)	2mo	$249,000	$236	51
971 Oak Ave	0.63mi	3/2.0	1,292 (+11%)	8mo	$349,000	$270	44

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 · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-8,466
• Equity at exit: $23,111

10-year hold

• IRR: 0.7%
• Equity multiple: 1.04×
• Total profit: $1,891
• Equity at exit: $13,402

Cash invested: $43,400 (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 70123

• Rents YoY: 0.1%
• Active inventory: 163
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,659 high
• Mortgage (P&I): −$813
• Tax from tax record: −$98 /mo · $1,173/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $335

Break-even live

Break-even rent $1,234

Max offer price $155,000

Occupancy floor 75%

Sensitivity live

Price	-10% $423	-5% $379	+0% $335	+5% $291	+10% $248
Rent	-10% $204	-5% $270	+0% $335	+5% $401	+10% $466
Rate	-1.0pp $413	-0.5pp $375	base $335	+0.5pp $295	+1.0pp $254

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Gordon Ave New Orleans, LA	2.0	1.0	982	$1,800	$1.83	44d	1	0.20mi
588 Oak Ave New Orleans, LA	2.0	1.5	1150	$1,500	$1.30	44d	1	0.27mi
8120 Landry Ave New Orleans, LA	2.0	1.0	856	$1,700	$1.99	4d	1	0.31mi
451 Oak Ave Harahan, LA	2.0	1.0	780	$975	$1.25	3d	1	0.36mi
451 Oak Ave Unit 1 Harahan, LA	2.0	1.0	780	$1,100	$1.41	44d	1	0.36mi
7373 Jefferson Hwy New Orleans, LA	1.0–2.0	1.0	730	$1,200	$1.64	44d	2	0.37mi
621 S Bengal RD River Ridge, LA	3.0	2.0	900	$1,600	$1.78	3d	1	0.53mi
229 Oak Ave Harahan, LA	2.0	1.5	1000	$1,500	$1.50	15d	1	0.62mi
130 Crislaur Ave New Orleans, LA	2.0	2.0	1250	$1,650	$1.32	24d	1	0.75mi
130 Crislaur Ave New Orleans, LA	2.0	2.0	1250	$1,700	$1.36	44d	1	0.75mi
130 Crislaur Ave Unit 2 Harahan, LA	2.0	2.0	1250	$1,650	$1.32	15d	1	0.75mi
512 Bellview St River Ridge, LA	2.0	1.0	840	$1,250	$1.49	3d	1	0.78mi
512 Bellview St River Ridge, LA	2.0	1.0	840	$1,250	$1.49	3d	1	0.78mi
96 Park Ave New Orleans, LA	3.0	1.0	1100	$1,900	$1.73	24d	1	0.78mi
6081 Mounes St Unit J108 River Ridge, LA	2.0	2.0	1385	$2,225	$1.61	2d	1	0.81mi
6081 Mounes St Unit M317 River Ridge, LA	2.0	2.0	1385	$2,385	$1.72	2d	1	0.81mi
106 Elodie Ave New Orleans, LA	3.0	2.0	1500	$1,995	$1.33	4d	1	0.82mi
6041 Mounes St River Ridge, LA	1.0–2.0	1.0–2.0	1192	$2,365	$1.98	2d	15	0.84mi
68 Hickory Ave New Orleans, LA	2.0	2.0	840	$2,000	$2.38	44d	1	0.88mi
1101 Dickory Ave Unit H178 River Ridge, LA	2.0	2.0	1366	$2,060	$1.51	2d	1	0.90mi
1101 Dickory Ave Unit A208 River Ridge, LA	2.0	2.0	1366	$2,160	$1.58	44d	1	0.90mi
24 Hickory Ave Unit C Harahan, LA	2.0	1.0	1100	$1,375	$1.25	44d	1	0.92mi
1528 Hickory Ave Unit D Harahan, LA	2.0	1.5	1250	$1,675	$1.34	44d	1	1.22mi
1536 Hickory Ave New Orleans, LA	2.0	1.5	1200	$1,650	$1.38	44d	1	1.24mi
1536 Hickory Ave Apt D Harahan, LA	2.0	1.5	1250	$1,675	$1.34	44d	1	1.24mi
1620 Hickory Ave Unit C Harahan, LA	2.0	1.5	1180	$1,350	$1.14	44d	1	1.29mi
832 S Clearview Pkwy #211 New Orleans, LA	2.0	1.5	1135	$1,675	$1.48	21d	1	1.43mi
826 S Clearview Pkwy New Orleans, LA	1.0–2.0	1.0–2.0	1041	$1,935	$1.86	3d	19	1.46mi

Listing history 8 events

1. 2026-06-16
   status $155,000 Pending 10 DOM
2. 2026-06-15
   days on market $155,000 Active Under Contract 10 DOM
3. 2026-06-13
   days on market $155,000 Active Under Contract 8 DOM
4. 2026-06-10
   days on market $155,000 Active Under Contract 5 DOM
5. 2026-06-09
   days on market $155,000 Active Under Contract 4 DOM
6. 2026-06-08
   statusdays on market $155,000 Active Under Contract 3 DOM
7. 2026-06-07
   remarks 699-char remark
8. 2026-06-07
   listed $155,000 Active 2 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: $1,173 · $98/mo
• Projected year-2 tax: $1,173 · $98/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: $19,906
• − Mortgage interest: −$8,682
• − Property taxes: −$1,173
• − Insurance: −$775
• − Repairs & maintenance: −$1,592
• − Management: −$1,592
• − Depreciation: −$4,509
• Taxable income: $1,582
• Est. tax owed @ 24.0%: −$380
• After-tax cash flow: $3,644/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 — Harahan

• Score: 74/100
• State rank: #27
• US rank: #4830

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harahan, LA
• County: Jefferson Parish · 426,999 people
• City population: 27,209
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 27,386
• Household income: $83,585
• Rent vs Own: 45.3% rent · 54.7% own
• Severe rent burden: 1282.0

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: Predominantly White (73%)
• Race & ethnicity: White 73% Black 12% Hispanic / Latino 9% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Lithuanian 17% Slovak 1% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 1% Tagalog/Filipino 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: ▼ -226.09%
• Current HPI: 141.1799
• Rent YoY: ▲ 0.12%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-06-05 Listed $155,000 AcadianaMLS
• 2026-06-05 Listed $155,000 GSREIN
• 2026-06-04 Coming Soon $155,000 AcadianaMLS
• 2003-07-01 Sold (Public Records) — Public Records

Property tax history

-0.9%/yr

Latest (2025): $1,173 · -0.5% YoY. Source: county tax records.