705 Gerry Dr · Kenner, LA 70062

$189,900

2 bd · 2.0 ba · 1,377 sqft · SingleFamily · 163 Days on market

Built 1958 $138/sqft · at area comps Est $195k · at est. ↓ 16% since listing

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Why this score? — see what drove the D 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 +15.8/30.0
• ARV discount +8.7/15.0
• DSCR +4.9/10.0
• Livability +3.9/5.0
• 1% rule +3.1/10.0
• 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

Very nice home with lots of space for entertaining. Formal dining room can easily be converted back to 3ed bedroom. Lots of storage space. Fenced yard, quiet neighborhood. Roof and h/w heater 2yrs old. Oversized garage with workshop area and loft storage.

Key facts

• Fenced yard
• Workshop area
• Quiet neighborhood

Tags

• FENCED YARD
• QUIET NEIGHBORHOOD
• OVERSIZED GARAGE
• WORKSHOP AREA
• LOFT STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $20 ($234/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 $154k (18.8% below list).
• Recommended offer: $154k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.3% in Kenner — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#6 in LA, #2,414 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime D.
• 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.
• Zoned schools: Airline Park Academy For Advanced Studies (math 92% / reading 92%, grade A+, #3 of 646 statewide, top 0%, 418 students, 16% FRL); Tom Benson School (math 11% / reading 14%, grade F, #546 of 646 statewide, top 85%, 753 students, 60% FRL); Bonnabel Magnet Academy High School (math 12% / reading 21%, grade F, #214 of 265 statewide, top 81%, 1,478 students, 52% FRL) — zoned schools average 43% FRL vs 70% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 36% of the median local income ($51k/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.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 3 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: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $154,243 (18.8% below list)

Questions for the listing agent

1. It's been on market 163 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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 D 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.81% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 10.3

CMA / ARV

• ARV (median comp): $195,146
• List price: $189,900
• Delta: -2.69%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
709 29th St	0.05mi	3/2.0 (+1)	1,350 (-2%)	10mo	$190,000	$141	81
822 Veterans Blvd	0.20mi	3/1.5 (+1)	1,275 (-7%)	2mo	$125,000	$98	70
3244 Continental Dr	0.51mi	3/2.0 (+1)	1,472 (+7%)	1mo	$214,000	$145	59
3287 Chateau Blvd	0.67mi	3/2.0 (+1)	1,434 (+4%)	3mo	$269,900	$188	54
3141 Ohio St	0.70mi	3/2.0 (+1)	1,450 (+5%)	2mo	$182,000	$126	52
812 Dolphin Ct	0.69mi	3/2.0 (+1)	1,325 (-4%)	10mo	$275,000	$208	48
828 Libra Ln	0.65mi	3/2.0 (+1)	1,450 (+5%)	10mo	$250,000	$172	47
3283 Chateau Blvd	0.65mi	3/2.0 (+1)	1,461 (+6%)	10mo	$259,000	$177	46
3293 Chateau Blvd	0.70mi	3/2.0 (+1)	1,300 (-6%)	12mo	$220,000	$169	43
933 Ronson Dr	0.54mi	3/2.0 (+1)	1,200 (-13%)	8mo	$223,000	$186	42
937 Ronson Ave	0.54mi	3/2.0 (+1)	1,568 (+14%)	6mo	$172,000	$110	41
149 Baylor Pl	0.72mi	3/2.0 (+1)	1,220 (-11%)	8mo	$154,325	$126	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.44×
• Total profit: $-29,575
• Equity at exit: $28,315

10-year hold

• IRR: -7.2%
• Equity multiple: 0.54×
• Total profit: $-24,340
• Equity at exit: $16,419

Cash invested: $53,172 (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 70062

• Active inventory: 91
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$996
• Tax from tax record: −$58 /mo · $691/yr
• Insurance: −$79
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $20

Break-even live

Break-even rent $1,518

Max offer price $189,900

Occupancy floor 94%

Sensitivity live

Price	-10% $127	-5% $73	+0% $20	+5% $-34	+10% $-88
Rent	-10% $-102	-5% $-41	+0% $20	+5% $80	+10% $141
Rate	-1.0pp $115	-0.5pp $68	base $20	+0.5pp $-30	+1.0pp $-80

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2752 Jasper St Unit A Kenner, LA	3.0	1.5	1400	$1,450	$1.04	45d	1	0.10mi
2755 Huntsville St Apt C Kenner, LA	3.0	2.0	1216	$1,575	$1.30	6d	1	0.11mi
2755 Huntsville St Unit B Kenner, LA	3.0	1.5	1500	$1,650	$1.10	45d	1	0.11mi
2759 Albany St Unit B Kenner, LA	3.0	2.0	1250	$1,500	$1.20	45d	1	0.20mi
2755 Albany St Unit D Kenner, LA	3.0	2.0	1250	$1,500	$1.20	45d	1	0.20mi
2625 Panama St Kenner, LA	2.0	1.0	930	$1,300	$1.40	4d	1	0.30mi
2617 Phoenix St Kenner, LA	3.0	2.0	1350	$1,800	$1.33	45d	1	0.33mi
511 27th St Kenner, LA	3.0	2.0	1200	$1,575	$1.31	6d	1	0.34mi
2603 Panama St Kenner, LA	3.0	1.5	1400	$1,400	$1.00	25d	1	0.34mi
3120 Phoenix St Unit D Kenner, LA	2.0	1.5	1075	$1,100	$1.02	45d	1	0.35mi
2609 Dawson Ave Kenner, LA	3.0	2.0	1300	$1,600	$1.23	45d	1	0.41mi
2710 Helena St Kenner, LA	3.0	1.5	1400	$1,200	$0.86	16d	1	0.42mi
2700 Helena St Kenner, LA	3.0	1.5	1355	$1,700	$1.25	45d	1	0.42mi
2723 Tifton Ave Kenner, LA	3.0	2.0	1200	$1,800	$1.50	25d	1	0.43mi
2611 Augusta St Kenner, LA	3.0	2.0	1300	$1,900	$1.46	45d	1	0.44mi
2726 Greenwood St Kenner, LA	2.0	1.5	980	$1,200	$1.22	45d	1	0.46mi
2714 Tifton St Kenner, LA	3.0	2.0	1275	$1,800	$1.41	45d	1	0.46mi
2804 Salem St Kenner, LA	2.0	2.0	1450	$1,400	$0.97	45d	1	0.53mi
3127 Marietta St Kenner, LA	3.0	1.0	1600	$1,600	$1.00	45d	1	0.55mi
2838 Kingston St Unit A Kenner, LA	3.0	1.5	1500	$1,600	$1.07	6d	1	0.59mi
300 Clemson Dr Kenner, LA	2.0	1.5	1025	$1,500	$1.46	16d	1	0.60mi
309 Emerson Dr Unit C Kenner, LA	3.0	1.0	900	$1,200	$1.33	6d	1	0.62mi
2800 Richland St Unit B Kenner, LA	2.0	2.5	1000	$1,600	$1.60	23d	1	0.64mi
135 27th St Kenner, LA	3.0	2.0	1205	$1,200	$1.00	6d	1	0.67mi
2604 Richland St Unit 1 Kenner, LA	3.0	2.0	1442	$1,500	$1.04	6d	1	0.70mi
2611 Richland St Kenner, LA	3.0	2.5	1443	$2,200	$1.52	3d	1	0.72mi
3318 Cannes Pl Kenner, LA	3.0	2.0	1700	$2,100	$1.24	45d	1	0.78mi
129 Auburn Pl Kenner, LA	3.0	2.0	1200	$1,800	$1.50	3d	1	0.79mi
1516 Mayfield St Kenner, LA	3.0	2.0	1407	$1,900	$1.35	45d	1	0.81mi
1516 Mayfield St Kenner, LA	3.0	2.0	1407	$1,900	$1.35	46d	1	0.81mi
215 Avant Garde Cir Kenner, LA	2.0	2.0	1200	$1,500	$1.25	4d	1	1.00mi
187 Avant Garde Cir #187 Kenner, LA	2.0	1.5	1050	$1,500	$1.43	16d	1	1.00mi
1201 W Esplanade Ave Kenner, LA	1.0–2.0	1.0–2.0	746	$1,110	$1.49	45d	1	1.02mi
2127 Connecticut Ave Unit A Kenner, LA	3.0	2.0	1310	$2,000	$1.53	45d	1	1.23mi
1400 W Esplanade Ave Kenner, LA	2.0	1.0–2.5	801	$1,370	$1.71	45d	1	1.24mi
1500 W Esplanade Ave Unit 29D Kenner, LA	3.0	2.0	1725	$1,900	$1.10	3d	1	1.25mi
1500 W Esplanade Ave Kenner, LA	3.0	2.0	1725	$1,750	$1.01	4d	2	1.25mi
1500 W Esplanade Ave Kenner, LA	2.0–3.0	2.0	1587	$1,700	$1.07	45d	1	1.25mi
3304 Delaware Ave Unit B Kenner, LA	2.0	1.5	1100	$1,295	$1.18	6d	1	1.29mi
3308 Delaware Ave Unit C Kenner, LA	2.0	1.5	1125	$1,400	$1.24	45d	1	1.29mi

Listing history 22 events

1. 2026-06-21
   days on market $189,900 Active 163 DOM
2. 2026-06-18
   days on market $189,900 Active 160 DOM
3. 2026-06-17
   days on market $189,900 Active 159 DOM
4. 2026-06-16
   days on market $189,900 Active 158 DOM
5. 2026-06-15
   days on market $189,900 Active 157 DOM
6. 2026-06-13
   days on market $189,900 Active 155 DOM
7. 2026-06-10
   days on market $189,900 Active 152 DOM
8. 2026-06-09
   days on market $189,900 Active 151 DOM
9. 2026-06-08
   days on market $189,900 Active 150 DOM
10. 2026-06-07
    days on market $189,900 Active 149 DOM
11. 2026-06-03
    days on market $189,900 Active 145 DOM
12. 2026-06-02
    days on market $189,900 Active 144 DOM
13. 2026-06-01
    days on market $189,900 Active 143 DOM
14. 2026-05-31
    days on market $189,900 Active 142 DOM
15. 2026-01-09
    listed $189,900 Active 255-char remark

    Show marketing remark (255 chars)

    Very nice home with lots of space for entertaining. Formal dining room can easily be converted back to 3ed bedroom. Lots of storage space. Fenced yard, quiet neighborhood. Roof and h/w heater 2yrs old. Oversized garage with workshop area and loft storage.

16. 2026-01-09
    listed $189,900 Active 255-char remark

    Show marketing remark (255 chars)

    Very nice home with lots of space for entertaining. Formal dining room can easily be converted back to 3ed bedroom. Lots of storage space. Fenced yard, quiet neighborhood. Roof and h/w heater 2yrs old. Oversized garage with workshop area and loft storage.

17. 2025-10-14
    price $198,000
18. 2025-10-14
    price $198,000
19. 2025-08-21
    price $208,000
20. 2025-08-21
    price $208,000
21. 2025-07-06
    listed $225,000 Active
22. 2004-04-01
    soldstatus

ⓘ 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: $691 · $58/mo
• Projected year-2 tax: $1,044 · $87/mo
• Expected delta: +$354/yr (+$29/mo · 51.2%)

ⓘ 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 2/10 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: $18,509
• − Mortgage interest: −$10,637
• − Property taxes: −$691
• − Insurance: −$1,747
• − Repairs & maintenance: −$1,481
• − Management: −$1,481
• − Depreciation: −$5,524
• Taxable loss: −$3,052
• Est. tax savings @ 24.0%: +$732
• After-tax cash flow: $967/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 — Kenner

• Score: 78/100
• State rank: #6
• US rank: #2414

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenner, LA
• County: Jefferson Parish · 426,999 people
• City population: 66,707
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 17,771
• Household income: $51,477
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 1082.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 37% Black 29% White 27% Two or more races 17% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 6% Cuban 2% Dominican 2%
• Common ancestry: Lithuanian 5%
• Foreign-born: 22% · Canada
• Languages at home: 66% English-only · Spanish 32% Other Indo-European 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: ▼ -108.55%
• Current HPI: 105.3411
• Rent YoY: —
• 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

-15.6% since first listed

8 events — show timeline

• 2026-01-09 Listed $189,900 GSREIN
• 2026-01-09 Listed $189,900 AcadianaMLS
• 2025-10-14 Price Changed $198,000 AcadianaMLS
• 2025-10-14 Price Changed $198,000 GSREIN
• 2025-08-21 Price Changed $208,000 AcadianaMLS
• 2025-08-21 Price Changed $208,000 GSREIN
• 2025-07-06 Listed $225,000 AcadianaMLS
• 2004-04-01 Sold (Public Records) — Public Records

Property tax history

+3.9%/yr

Latest (2025): $691 · -0.4% YoY. Source: county tax records.