204 E Urquhart St · Chalmette, LA 70043

$210,000

4 bd · 2.5 ba · 1,687 sqft · SingleFamily · 170 Days on market

Built 2017 5,000 sqft lot $124/sqft · 21% below area Est $265k · 21% under

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Why this score? — see what drove the C- 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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• Schools +5.0/10.0
• DSCR +4.5/10.0
• 1% rule +4.3/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING 4 BEDROOM 2.5 BATH HOME IN THE HEART OF CHALMETTE.   SPACIOUS KITCHEN WITH STAINLESS STEEL APPLIANCES * THIS LOVELY HOUSE ALSO OFFERS A BONUS DETACHED BUILDING IN REAR YARD THAT IS GREAT FOR ENTERTAINING.

Key facts

• Rear yard
• Spacious kitchen
• 5,000 sq ft lot

Tags

• SPACIOUS KITCHEN
• STAINLESS STEEL APPLIANCES
• BONUS DETACHED BUILDING
• REAR YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-9 ($-109/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (0.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (7.2% below list).
• Recommended offer: $185k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 5.4% in Chalmette — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#137 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Market conditions: Rents rising (+3.1%/yr); 213 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 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 $6k of value loss. Plan a longer hold.
• St. Bernard County population projected at +89% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 18y 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,800 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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 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: 0.93% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.17%
• DSCR: 1.05
• GRM: 9.0

CMA / ARV

• ARV (median comp): $265,417
• List price: $210,000
• Delta: -20.88%
• 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
3213 Dauterive Dr	0.56mi	3/2.0 (-1)	1,688 (+0%)	3mo	$310,000	$184	65
3205 Veronica Dr	0.62mi	4/2.0	1,730 (+2%)	2mo	$264,000	$153	63
2208 Marietta St	0.52mi	3/2.5 (-1)	1,757 (+4%)	2mo	$282,000	$161	62
3404 Veronica Dr	0.72mi	4/2.0	1,665 (-1%)	1mo	$225,000	$135	62
1100 Missouri St	0.61mi	3/2.5 (-1)	1,650 (-2%)	1mo	$315,000	$191	62
2917 Palmetto St	0.47mi	4/3.0	1,823 (+8%)	1mo	$290,000	$159	62
3000 Plaza Dr	0.41mi	3/2.0 (-1)	1,842 (+9%)	2mo	$309,900	$168	57
3228 Veronica Dr	0.64mi	3/2.0 (-1)	1,742 (+3%)	1mo	$138,500	$80	57
508 W Solidelle St	0.55mi	3/2.0 (-1)	1,580 (-6%)	1mo	$225,000	$142	56
3509 Plaza Dr	0.69mi	3/2.0 (-1)	1,811 (+7%)	1mo	$319,900	$177	48
3021 Karen Dr	0.64mi	3/2.0 (-1)	1,841 (+9%)	2mo	$265,000	$144	46
3612 Rosetta Dr	0.72mi	3/2.0 (-1)	1,850 (+10%)	0mo	$118,000	$64	43

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 · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-34,304
• Equity at exit: $31,312

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-29,368
• Equity at exit: $18,157

Cash invested: $58,800 (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 70043

• Rents YoY: 3.1%
• Active inventory: 213
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,949 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$294 /mo · $3,525/yr
• Insurance: −$88
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $-9

Break-even live

Break-even rent $1,961

Max offer price $208,389

Occupancy floor 95%

Sensitivity live

Price	-10% $110	-5% $50	+0% $-9	+5% $-69	+10% $-128
Rent	-10% $-163	-5% $-86	+0% $-9	+5% $68	+10% $145
Rate	-1.0pp $97	-0.5pp $44	base $-9	+0.5pp $-64	+1.0pp $-119

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	4d	1	0.23mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	45d	1	0.23mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	45d	1	0.25mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	45d	1	0.25mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	2d	1	0.40mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	45d	1	0.46mi
2029 W Beauregard St Chalmette, LA	3.0	2.0	1176	$2,200	$1.87	18d	1	0.50mi
2429 Octavia Dr Chalmette, LA	3.0	2.0	1700	$1,575	$0.93	24d	1	0.54mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	45d	1	0.54mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	11d	1	0.54mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	24d	1	0.57mi
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	45d	1	0.57mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	3d	1	0.62mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	11d	1	0.65mi
3711 Tournefort St Chalmette, LA	3.0	2.0	1250	$1,850	$1.48	4d	1	0.68mi
2708 Volpe Dr Chalmette, LA	3.0	2.0	1556	$2,300	$1.48	22d	1	0.73mi
3012 Volpe Dr Chalmette, LA	3.0	2.0	1812	$2,500	$1.38	45d	1	0.76mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	45d	1	0.79mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	21d	1	0.79mi
2228 Riverland Dr Chalmette, LA	3.0	1.0	1300	$1,800	$1.38	3d	1	0.80mi
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	24d	1	0.84mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	13d	1	0.85mi
3708 Veronica Dr Chalmette, LA	3.0	2.0	1818	$2,550	$1.40	2d	1	0.86mi
9101 Virtue St Unit 9101 Chalmette, LA	3.0	2.0	1100	$1,690	$1.54	4d	1	1.05mi
8600 Patricia St Chalmette, LA	3.0	2.0	1255	$1,550	$1.24	24d	1	1.11mi
3629 Charles Dr Chalmette, LA	3.0	2.0	1405	$1,600	$1.14	15d	1	1.17mi
114 8th St Chalmette, LA	3.0	1.0	1275	$1,695	$1.33	45d	1	1.43mi
8413 Benjamin Dr Chalmette, LA	3.0	2.0	1800	$2,300	$1.28	4d	1	1.50mi

Listing history 50 events

1. 2026-06-21
   days on market $210,000 Active 170 DOM
2. 2026-06-18
   days on market $210,000 Active 167 DOM
3. 2026-06-17
   days on market $210,000 Active 166 DOM
4. 2026-06-16
   days on market $210,000 Active 165 DOM
5. 2026-06-15
   days on market $210,000 Active 164 DOM
6. 2026-06-13
   days on market $210,000 Active 162 DOM
7. 2026-06-10
   days on market $210,000 Active 159 DOM
8. 2026-06-09
   days on market $210,000 Active 158 DOM
9. 2026-06-08
   days on market $210,000 Active 157 DOM
10. 2026-06-07
    days on market $210,000 Active 156 DOM
11. 2026-06-03
    days on market $210,000 Active 152 DOM
12. 2026-06-02
    days on market $210,000 Active 151 DOM
13. 2026-06-01
    days on market $210,000 Active 150 DOM
14. 2026-05-31
    days on market $210,000 Active 149 DOM
15. 2026-01-01
    listed $210,000 Active 219-char remark

    Show marketing remark (210 chars)

    CHARMING 4 BEDROOM 2.5 BATH HOME IN THE HEART OF CHALMETTE. SPACIOUS KITCHEN WITH STAINLESS STEEL APPLIANCES* THIS LOVELY HOUSE ALSO OFFERS A BONUS DETACHED BUILDING IN REAR YARD THAT IS GREAT FOR ENTERTAINING.

16. 2026-01-01
    listed $210,000 Active 210-char remark

    Show marketing remark (210 chars)

    CHARMING 4 BEDROOM 2.5 BATH HOME IN THE HEART OF CHALMETTE. SPACIOUS KITCHEN WITH STAINLESS STEEL APPLIANCES* THIS LOVELY HOUSE ALSO OFFERS A BONUS DETACHED BUILDING IN REAR YARD THAT IS GREAT FOR ENTERTAINING.

17. 2024-09-10
    listed $235,000 Active
18. 2024-08-09
    historical $2,200
19. 2024-07-11
    listed $2,200
20. 2024-06-24
    listed $275,000
21. 2024-05-22
    listed $285,000
22. 2022-05-31
    soldstatus $257,500
23. 2022-05-27
    soldstatus $257,500 Closed
24. 2022-04-28
    status Pending
25. 2022-04-20
    price $257,500
26. 2022-04-14
    price $262,500
27. 2022-03-30
    listed $269,900 Active
28. 2022-03-30
    listed $257,500
29. 2019-10-29
    soldstatus $186,000
30. 2019-10-25
    soldstatus $186,000 Closed
31. 2019-09-17
    status Pending
32. 2019-09-13
    price $190,000
33. 2019-08-07
    listed $198,000 Active
34. 2019-08-07
    listed $190,000
35. 2017-07-24
    historical
36. 2017-06-19
    price $212,000
37. 2017-05-04
    listed $217,000 Active
38. 2017-05-04
    listed $212,000
39. 2017-04-28
    historical
40. 2017-04-21
    listed $217,000 Active
41. 2017-04-21
    listed $217,000
42. 2017-04-21
    historical
43. 2017-02-21
    price $217,000
44. 2017-02-03
    price $225,500
45. 2017-01-20
    listed $235,000 Active
46. 2017-01-20
    listed $217,000
47. 2010-02-24
    listed $132,900
48. 2010-02-24
    listed $132,900
49. 2008-12-04
    listed $128,000
50. 2008-12-04
    listed $128,000

ⓘ 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: $3,525 · $294/mo
• Projected year-2 tax: $3,525 · $294/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 (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,390
• − Mortgage interest: −$11,763
• − Property taxes: −$3,525
• − Insurance: −$1,847
• − Repairs & maintenance: −$1,871
• − Management: −$1,871
• − Depreciation: −$6,109
• Taxable loss: −$3,597
• Est. tax savings @ 24.0%: +$863
• After-tax cash flow: $754/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)

No district data.

Livability — Chalmette

• Score: 65/100
• State rank: #137
• US rank: #12500

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chalmette, LA
• County: Saint Bernard Parish · 22,638 people
• City population: 22,638
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,638
• Household income: $55,068
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 881.0

Population outlook (St. Bernard County) Hauer SSP2

• Today (2025): 66,513 people
• By 2030: 77,768 · +16.9%
• By 2040: 101,296 · +52.3%
• By 2050: 125,770 · +89.1%
• By 2075: 188,160 · +182.9%
• By 2100: 239,339 · +259.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 26% Hispanic / Latino 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 13% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Arabic 1% Vietnamese 1%

Political lean MEDSL · St. Bernard

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: +16.1pp toward D · 2008: -45.4pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+28.5 2016: R+33.4 2012: R+24.7 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.77%
• Current HPI: 194.8123
• Rent YoY: ▲ 3.11%
• 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

+600.0% since first listed

38 events — show timeline

• 2026-01-01 Listed $210,000 AcadianaMLS
• 2026-01-01 Listed $210,000 GSREIN
• 2024-09-10 Listed $235,000 AcadianaMLS
• 2024-08-09 Rental Removed $2,200 GSREIN
• 2024-07-11 Listed for Rent $2,200 GSREIN
• 2024-06-24 Listed $275,000 AcadianaMLS
• 2024-05-22 Listed $285,000 AcadianaMLS
• 2022-05-31 Sold (Public Records) $257,500 Public Records
• 2022-05-27 Sold (MLS) $257,500 GSREIN
• 2022-04-28 Pending — GSREIN
• 2022-04-20 Price Changed $257,500 GSREIN
• 2022-04-14 Price Changed $262,500 GSREIN
• 2022-03-30 Listed $257,500 AcadianaMLS
• 2022-03-30 Listed $269,900 GSREIN
• 2019-10-29 Sold (Public Records) $186,000 Public Records
• 2019-10-25 Sold (MLS) $186,000 GSREIN
• 2019-09-17 Pending — GSREIN
• 2019-09-13 Price Changed $190,000 GSREIN
• 2019-08-07 Listed $190,000 AcadianaMLS
• 2019-08-07 Listed $198,000 GSREIN
• 2017-07-24 Listing Removed — GSREIN
• 2017-06-19 Price Changed $212,000 GSREIN
• 2017-05-04 Listed $217,000 GSREIN
• 2017-05-04 Listed $212,000 AcadianaMLS
• 2017-04-28 Listing Removed — GSREIN
• 2017-04-21 Listed $217,000 GSREIN
• 2017-04-21 Listed $217,000 AcadianaMLS
• 2017-04-21 Listing Removed — GSREIN
• 2017-02-21 Price Changed $217,000 GSREIN
• 2017-02-03 Price Changed $225,500 GSREIN
• 2017-01-20 Listed $235,000 GSREIN
• 2017-01-20 Listed $217,000 AcadianaMLS
• 2010-02-24 Listed $132,900 GSREIN
• 2010-02-24 Listed $132,900 AcadianaMLS
• 2008-12-04 Listed $128,000 GSREIN
• 2008-12-04 Listed $128,000 AcadianaMLS
• 2007-04-18 Sold (Public Records) $75,000 Public Records
• 1992-02-19 Sold (Public Records) $30,000 Public Records

Property tax history

+31.2%/yr

Latest (2025): $3,525 · -0.7% YoY. Source: county tax records.