Duplex
2913 15 Saint Claude Ave · New Orleans, LA
Flood risk 7/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.74%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.0/5.0
- Rent growth +3.1/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$215,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don't miss this value-add opportunity in one of New Orleans' most sought-after neighborhoods! (Utilities are off and ready for activation)
Key facts
- Central ac
- Plumbing upgrades
- Electrical upgrades
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 3-bed/1.0-bath units multifamily listed at $215k.
Deal economics
- At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $561/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $215k).
- Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.9% 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 rising (+2.5%/yr); 581 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $3,498/mo this rent would consume 92% of the median local household income ($46k/yr) (locally 1988% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
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.
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 2.5% rent growth), your $60k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 315 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 2y ago; this cycle's ask has dropped $70k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $49k; list at $215k implies a 339% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1937 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major 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.
Questions for the listing agent
- It's been on market 315 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.63% ✓
- Cap rate
- 12.93%
- Cash-on-cash
- 23.69%
- DSCR
- 2.05
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $394,097
- List price
- $215,000
- Delta
- -45.44%
- 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 |
|---|---|---|---|---|---|---|---|
| 3313 15 St Claude Ave | 0.33mi | 4/3.0 | 1,850 (+0%) | 1mo | $320,000 | $173 | 80 |
| 3129 31 N Claiborne Ave | 0.40mi | 4/2.0 | 1,806 (-2%) | 3mo | $267,150 | $148 | 75 |
| 827-829 St Ferdinand St | 0.22mi | 4/2.0 | 2,019 (+9%) | 2mo | $450,000 | $223 | 72 |
| 2630 N Rampart St | 0.21mi | 4/2.0 | 1,680 (-9%) | 4mo | $387,500 | $231 | 72 |
| 727 Montegut St | 0.28mi | 4/2.0 | 1,670 (-10%) | 4mo | $155,000 | $93 | 68 |
| 939 Piety St | 0.33mi | 4/2.5 | 2,022 (+9%) | 1mo | $409,000 | $202 | 66 |
| 832 36 Mandeville St | 0.49mi | 3/3.0 (-1) | 1,851 (+0%) | 4mo | $294,000 | $159 | 65 |
| 1805 07 St Roch Ave | 0.62mi | 4/2.0 | 1,914 (+4%) | 1mo | $290,000 | $152 | 64 |
| 523-25 Spain St | 0.51mi | 3/3.5 (-1) | 1,891 (+2%) | 2mo | $280,000 | $148 | 60 |
| 1727 29 Marigny St | 0.73mi | 4/2.0 | 1,716 (-7%) | 1mo | $285,000 | $166 | 53 |
| 1734 Spain St | 0.67mi | 5/3.0 (+1) | 1,985 (+7%) | 1mo | $100,000 | $50 | 46 |
| 3824 26 Royal St | 0.70mi | 4/2.0 | 1,599 (-14%) | 1mo | $232,500 | $145 | 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 · 2.49% rent growth · sell at horizon
- IRR
- 14.6%
- Equity multiple
- 1.58×
- Total profit
- $34,995
- Equity at exit
- $32,057
- IRR
- 23.0%
- Equity multiple
- 2.92×
- Total profit
- $115,853
- Equity at exit
- $18,589
Cash invested: $60,200 (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
ZIP-level market 70117
- Rents YoY
- 2.5%
- Active inventory
- 581
- Price-to-rent
- 10.2×
Monthly cashflow live
- Estimated rent
- $3,498 high interval (Pro) →
- Mortgage (P&I)
- −$1,127
- Tax from tax record
- −$358 /mo · $4,293/yr
- Insurance
- −$90
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$735
- Net cashflow
- $1,122
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 1 | $3,498 |
| #1 | 3 | 1 | $1,749 |
| #2 | 3 | 1 | $1,749 |
| Total (2 units) | $3,498 | ||
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
- $53,750
- Closing costs
- $6,450
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 23d | 1 | 0.03mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 43d | 1 | 0.03mi |
| 1231 Feliciana St New Orleans, LA | 3.0 | 2.5 | 1869 | $2,750 | $1.47 | 43d | 1 | 0.13mi |
| 3134 Burgundy St New Orleans, LA | 3.0 | 2.0 | 1887 | $2,900 | $1.54 | 23d | 1 | 0.24mi |
| 3221 Saint Claude Ave New Orleans, LA | 3.0 | 1.0 | 1900 | $1,650 | $0.87 | 23d | 1 | 0.26mi |
| 5624-5626 Saint Claude ST New Orleans, LA | 4.0 | 3.0 | 1521 | $2,300 | $1.51 | 23d | 1 | 0.44mi |
| 1437 Gallier St New Orleans, LA | 3.0 | 2.0 | 1451 | $1,875 | $1.29 | 21d | 1 | 0.50mi |
| 2320 N Rampart St New Orleans, LA | 3.0 | 3.0 | 2317 | $3,700 | $1.60 | 43d | 1 | 0.53mi |
| 2317 N Rampart St Unit 1272378P New Orleans, LA | 3.0–6.0 | 2.0–4.0 | 1581 | $4,154 | $2.63 | 3d | 2 | 0.53mi |
| 2322 Burgundy St Unit C New Orleans, LA | 3.0 | 2.0 | 1250 | $2,200 | $1.76 | 23d | 1 | 0.54mi |
| 632 Mandeville St Unit 2B New Orleans, LA | 4.0 | 4.5 | 1337 | $4,500 | $3.37 | 17d | 1 | 0.55mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 3d | 1 | 0.58mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 2d | 1 | 0.58mi |
| 1323 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 3d | 1 | 0.58mi |
| 1835 Louisa St New Orleans, LA | 3.0 | 2.5 | 1800 | $2,350 | $1.31 | 3d | 1 | 0.62mi |
| 1839 Louisa St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,095 | $1.40 | 16d | 1 | 0.62mi |
| 2028 Desire St New Orleans, LA | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 23d | 1 | 0.78mi |
| 2019 Gallier St New Orleans, LA | 4.0 | 2.0 | 1400 | $2,200 | $1.57 | 23d | 1 | 0.80mi |
| 1411 France St New Orleans, LA | 3.0 | 2.0 | 1525 | $2,000 | $1.31 | 23d | 1 | 0.82mi |
| 1418 Royal St Unit 1418 New Orleans, LA | 4.0 | 2.0 | 1300 | $2,450 | $1.88 | 23d | 1 | 0.86mi |
| 2220 N Prieur St New Orleans, LA | 3.0 | 2.0 | 1334 | $2,000 | $1.50 | 23d | 1 | 0.87mi |
| 4317 Urquhart St New Orleans, LA | 3.0 | 2.0 | 1300 | $1,650 | $1.27 | 23d | 1 | 0.88mi |
| 1403 Lesseps St New Orleans, LA | 3.0 | 3.0 | 1700 | $1,800 | $1.06 | 11d | 1 | 0.88mi |
| 4230 N Claiborne Ave New Orleans, LA | 3.0 | 2.5 | 1296 | $1,750 | $1.35 | 23d | 1 | 0.90mi |
| 4318 1/2 N Robertson St New Orleans, LA | 3.0 | 1.0 | 1250 | $1,150 | $0.92 | 2d | 1 | 0.91mi |
| 4318 N Robertson St New Orleans, LA | 3.0 | 1.0 | 1250 | $1,150 | $0.92 | 3d | 1 | 0.91mi |
| 2228 Arts St New Orleans, LA | 3.0 | 2.0 | 2270 | $1,675 | $0.74 | 3d | 1 | 0.92mi |
| 2331 Feliciana St New Orleans, LA | 3.0 | 2.0 | 1250 | $1,850 | $1.48 | 23d | 1 | 0.93mi |
| 119 Vallette St New Orleans, LA | 3.0 | 2.5 | 1500 | $2,100 | $1.40 | 23d | 1 | 0.94mi |
| 2115 Mandeville St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,650 | $1.18 | 23d | 1 | 0.94mi |
| 928 Kerlerec St New Orleans, LA | 3.0 | 3.5 | 1684 | $2,750 | $1.63 | 2d | 1 | 0.96mi |
| 928 Kerlerec St New Orleans, LA | 3.0 | 3.5 | 1684 | $2,750 | $1.63 | 3d | 1 | 0.96mi |
| 1837 Touro St New Orleans, LA | 3.0 | 1.0 | 1994 | $2,000 | $1.00 | 23d | 1 | 1.00mi |
| 2107 Elysian Fields Ave New Orleans, LA | 4.0 | 2.0 | 1794 | $1,650 | $0.92 | 3d | 1 | 1.01mi |
| 249 Vallette St New Orleans, LA | 4.0 | 2.0 | 1734 | $2,500 | $1.44 | 16d | 1 | 1.02mi |
| 336 Elmira Ave New Orleans, LA | 3.0 | 1.0 | 1250 | $1,825 | $1.46 | 23d | 1 | 1.08mi |
| 1217 Kerlerec St Unit B New Orleans, LA | 3.0 | 1.0 | 1300 | $2,100 | $1.62 | 3d | 1 | 1.08mi |
| 734 Ursulines Ave New Orleans, LA | 3.0 | 2.0 | 1340 | $2,800 | $2.09 | 43d | 1 | 1.09mi |
| 1245 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 43d | 1 | 1.11mi |
| 1247 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 43d | 1 | 1.11mi |
Listing history 22 events
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2026-06-18days on market $215,000 Active 315 DOM
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2026-06-17days on market $215,000 Active 314 DOM
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2026-06-16days on market $215,000 Active 313 DOM
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2026-06-15days on market $215,000 Active 312 DOM
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2026-06-13days on market $215,000 Active 310 DOM
-
2026-06-10days on market $215,000 Active 307 DOM
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2026-06-09days on market $215,000 Active 306 DOM
-
2026-06-08days on market $215,000 Active 305 DOM
-
2026-06-07days on market $215,000 Active 304 DOM
-
2026-06-05days on market $215,000 Active 301 DOM
-
2026-06-03days on market $215,000 Active 300 DOM
-
2026-06-02days on market $215,000 Active 299 DOM
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2026-06-01days on market $215,000 Active 298 DOM
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2026-05-31days on market $215,000 Active 297 DOM
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2025-12-29price $215,000 917-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
-
2025-12-29price $215,000 930-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
-
2025-09-15price $250,000 917-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
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2025-09-15price $250,000 930-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
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2025-08-07$285,000 Active 917-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
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2025-08-07$285,000 Active 930-char remark
Show marketing remark (930 chars)
Charming duplex located in one of the city's most vibrant and highly desirable neighborhoods. The sellers have recently completed plumbing and electrical upgrades, bringing both systems up to code and passing all city inspections for utilities to be turned on. Both units have been completely cleared out giving the property a fresh start for its next chapter. Sellers have receipts for all completed work. Unit 2915 features central AC and heat, while Unit 2913 is equipped with window units only. Each unit offers unique potential for an owner-occupant or an investor. With just a little TLC, this property can truly shine. Positioned along the thriving Saint Claude corridor, you're just minutes from the French Quarter, Marigny, local coffee shops, galleries, and nightlife. Don’t miss this value-add opportunity in one of New Orleans’ most sought-after neighborhoods! (Utilities are off and ready for activation)
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2024-11-05$160,000 Active
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1986-06-13soldstatus $49,000
ⓘ 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
- $4,293 · $358/mo
- Projected year-2 tax
- $4,293 · $358/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 7/10 Severe FEMA zone X · 74% 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 3 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $41,976
- − Mortgage interest
- −$12,043
- − Property taxes
- −$4,293
- − Insurance
- −$1,872
- − Repairs & maintenance
- −$3,358
- − Management
- −$3,358
- − Depreciation
- −$6,255
- Taxable income
- $10,797
- Est. tax owed @ 24.0%
- −$2,591
- After-tax cash flow
- $10,875/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
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)
- 25,652
- Household income
- $45,764
- Rent vs Own
- Severe rent burden
- 1988.0
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
- Majority Black (60%)
- Race & ethnicity
- Black 60% White 30% Two or more races 6% Hispanic / Latino 5%
- Common ancestry
- Lithuanian 5% Italian 1% Romanian 1%
- Foreign-born
- 5% · Canada, South Korea
- Languages at home
- 93% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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
- ▼ -177.22%
- Current HPI
- 184.6061
- Rent YoY
- ▲ 2.49%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+338.8% since first listed8 events — show timeline
- 2025-12-29 Price Changed $215,000 AcadianaMLS
- 2025-12-29 Price Changed $215,000 GSREIN
- 2025-09-15 Price Changed $250,000 AcadianaMLS
- 2025-09-15 Price Changed $250,000 GSREIN
- 2025-08-07 Listed $285,000 GSREIN
- 2025-08-07 Listed $285,000 AcadianaMLS
- 2024-11-05 Listed $160,000 AcadianaMLS
- 1986-06-13 Sold (Public Records) $49,000 Public Records
Property tax history
+8.9%/yrLatest (2026): $4,293 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…