4631 Alba Rd · New Orleans, LA 70129

$225,000

4 bd · 2.0 ba · 3,600 sqft · SingleFamily public records · 33 Days on market

Built 1980 Est $450k · 50% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious ranch-style home is tucked away in the waterfront community of Venetian Isles. Sitting on a generous 161/110 x 110 lot with navigable water access, the property offers both a circle driveway and a double driveway that lead to a 760 square foot attached garage for storage, extra vehicles, or a workshop setup. 2nd driveway on right side for boat or RV. Inside, you'll find 4 bedrooms and 3 full baths, a sunken living room with a wood-burning fireplace, an updated kitchen, luxury vinyl plank flooring, and a bright sunroom overlooking the backyard. The primary suite opens to a private rear deck, which will likely need repairs. 80' of water frontage that can fit multiple boats.

Key facts

• Double driveway
• Attached garage
• Waterfront community

Tags

• WATERFRONT COMMUNITY
• NAVIGABLE WATER ACCESS
• CIRCLE DRIVEWAY
• DOUBLE DRIVEWAY
• ATTACHED GARAGE
• 2ND DRIVEWAY FOR BOAT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $218k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.2% 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: 139 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 33 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 8 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 $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $218,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.38% ✓
• Cap rate: 11.20%
• Cash-on-cash: 17.53%
• DSCR: 1.78
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $450,000
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4601 Murano Rd	0.15mi	3/2.5 (-1)	3,149 (-12%)	21mo	$395,000	$125	47

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: -2.0%
• Equity multiple: 0.93×
• Total profit: $-4,712
• Equity at exit: $33,548

10-year hold

• IRR: 7.8%
• Equity multiple: 1.60×
• Total profit: $37,590
• Equity at exit: $19,454

Cash invested: $63,000 (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 70129

• Active inventory: 139
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,100 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$255 /mo · $3,059/yr
• Insurance: −$94
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$651
• Net cashflow: $494

Break-even live

Break-even rent $2,475

Max offer price $225,000

Occupancy floor 79%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4327 Genoa Rd New Orleans, LA	4.0	3.0	2915	$3,100	$1.06	2d	1	0.17mi

Listing history 19 events

1. 2026-03-26
   status Pending 694-char remark

   Show marketing remark (694 chars)

   This spacious ranch-style home is tucked away in the waterfront community of Venetian Isles. Sitting on a generous 161/110 x 110 lot with navigable water access, the property offers both a circle driveway and a double driveway that lead to a 760 square foot attached garage for storage, extra vehicles, or a workshop setup. 2nd driveway on right side for boat or RV. Inside, you'll find 4 bedrooms and 3 full baths, a sunken living room with a wood-burning fireplace, an updated kitchen, luxury vinyl plank flooring, and a bright sunroom overlooking the backyard. The primary suite opens to a private rear deck, which will likely need repairs. 80' of water frontage that can fit multiple boats.

2. 2026-03-26
   status Pending

   Show marketing remark (694 chars)

   This spacious ranch-style home is tucked away in the waterfront community of Venetian Isles. Sitting on a generous 161/110 x 110 lot with navigable water access, the property offers both a circle driveway and a double driveway that lead to a 760 square foot attached garage for storage, extra vehicles, or a workshop setup. 2nd driveway on right side for boat or RV. Inside, you'll find 4 bedrooms and 3 full baths, a sunken living room with a wood-burning fireplace, an updated kitchen, luxury vinyl plank flooring, and a bright sunroom overlooking the backyard. The primary suite opens to a private rear deck, which will likely need repairs. 80' of water frontage that can fit multiple boats.

3. 2026-02-21
   listed $225,000 Active 694-char remark

   Show marketing remark (694 chars)

   This spacious ranch-style home is tucked away in the waterfront community of Venetian Isles. Sitting on a generous 161/110 x 110 lot with navigable water access, the property offers both a circle driveway and a double driveway that lead to a 760 square foot attached garage for storage, extra vehicles, or a workshop setup. 2nd driveway on right side for boat or RV. Inside, you'll find 4 bedrooms and 3 full baths, a sunken living room with a wood-burning fireplace, an updated kitchen, luxury vinyl plank flooring, and a bright sunroom overlooking the backyard. The primary suite opens to a private rear deck, which will likely need repairs. 80' of water frontage that can fit multiple boats.

4. 2026-02-21
   listed $225,000 Active

   Show marketing remark (694 chars)

   This spacious ranch-style home is tucked away in the waterfront community of Venetian Isles. Sitting on a generous 161/110 x 110 lot with navigable water access, the property offers both a circle driveway and a double driveway that lead to a 760 square foot attached garage for storage, extra vehicles, or a workshop setup. 2nd driveway on right side for boat or RV. Inside, you'll find 4 bedrooms and 3 full baths, a sunken living room with a wood-burning fireplace, an updated kitchen, luxury vinyl plank flooring, and a bright sunroom overlooking the backyard. The primary suite opens to a private rear deck, which will likely need repairs. 80' of water frontage that can fit multiple boats.

5. 2025-10-14
   price $230,000
6. 2025-10-14
   price $230,000
7. 2025-08-19
   listed $240,000 Active
8. 2025-07-18
   listed $250,000 Active
9. 2015-08-04
   soldstatus $209,000
10. 2015-08-03
    soldstatus $209,000 Sold
11. 2015-06-16
    status Under Contract
12. 2015-05-25
    price $225,000
13. 2015-05-13
    listed $274,900 Active
14. 2015-03-26
    listed $225,000
15. 1999-04-23
    soldstatus $183,000
16. 1999-04-23
    soldstatus $183,000
17. 1998-03-17
    listed $199,000
18. 1998-03-17
    listed $199,000
19. 1996-04-29
    soldstatus $215,000

ⓘ 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: $3,059 · $255/mo
• Projected year-2 tax: $3,059 · $255/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,200
• − Mortgage interest: −$12,603
• − Property taxes: −$3,059
• − Insurance: −$6,244
• − Repairs & maintenance: −$2,976
• − Management: −$2,976
• − Depreciation: −$6,545
• Taxable income: $2,797
• Est. tax owed @ 24.0%: −$671
• After-tax cash flow: $5,255/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
• City population: 338,817
• Population (ZIP): 10,219

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 49% Asian 29% Hispanic / Latino 12% White 8% Two or more races 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 32% · Vietnam, Canada, Jamaica
• Languages at home: 63% English-only · Vietnamese 29% Spanish 8%

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: ▼ -80.58%
• Current HPI: 116.8578
• Rent YoY: —
• Metro: —
• 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

+4.7% since first listed

19 events — show timeline

• 2026-03-26 Pending — AcadianaMLS
• 2026-03-26 Pending — GSREIN
• 2026-02-21 Listed $225,000 GSREIN
• 2026-02-21 Listed $225,000 AcadianaMLS
• 2025-10-14 Price Changed $230,000 AcadianaMLS
• 2025-10-14 Price Changed $230,000 GSREIN
• 2025-08-19 Listed $240,000 AcadianaMLS
• 2025-07-18 Listed $250,000 AcadianaMLS
• 2015-08-04 Sold (Public Records) $209,000 Public Records
• 2015-08-03 Sold (MLS) $209,000 GSREIN
• 2015-06-16 Pending — GSREIN
• 2015-05-25 Price Changed $225,000 GSREIN
• 2015-05-13 Listed $274,900 GSREIN
• 2015-03-26 Listed $225,000 AcadianaMLS
• 1999-04-23 Sold (Public Records) $183,000 Public Records
• 1999-04-23 Sold (MLS) $183,000 GSREIN
• 1998-03-17 Listed $199,000 AcadianaMLS
• 1998-03-17 Listed $199,000 GSREIN
• 1996-04-29 Sold (Public Records) $215,000 Public Records

Property tax history

-1.3%/yr

Latest (2026): $3,059 · +14.9% YoY. Source: county tax records.