674 Bertucci St · Marrero, LA 70072

$114,500

2 bd · 1.0 ba · 720 sqft · SingleFamily · 65 Days on market

Built 1949 $159/sqft · at area comps Est $116k · at est.

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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).

• Cash flow +24.6/30.0
• ARV discount +8.2/15.0
• DSCR +8.0/10.0
• 1% rule +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.8/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

Key facts

• Covered parking
• Fenced yard
• Front porch

Tags

• CORNER LOT
• OPEN KITCHEN
• FENCED YARD
• FRONT PORCH
• COVERED PARKING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $114k.

Deal economics

• At list price, monthly cash flow is $171 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 5.9% in Marrero — 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 67/100 on livability (#104 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.
• 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 rising (+1.1%/yr); 294 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $792 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $53k; list at $114k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1949 — 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 $107,630 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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. Schools are B-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?
7. 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?
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: 1.05% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.89%
• DSCR: 1.40
• GRM: 8.0

CMA / ARV

• ARV (median comp): $116,235
• List price: $114,500
• Delta: -1.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
820 Garden Rd	0.20mi	2/1.0	807 (+12%)	10mo	$99,000	$123	62
422 Celotex Park	0.72mi	3/1.0 (+1)	800 (+11%)	18mo	$130,000	$163	28

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 · 1.05% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.69×
• Total profit: $-9,967
• Equity at exit: $17,072

10-year hold

• IRR: -1.9%
• Equity multiple: 0.88×
• Total profit: $-3,736
• Equity at exit: $9,900

Cash invested: $32,060 (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 70072

• Rents YoY: 1.1%
• Active inventory: 294
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,200 high
• Mortgage (P&I): −$600
• Tax from tax record: −$63 /mo · $750/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $171

Break-even live

Break-even rent $984

Max offer price $114,500

Occupancy floor 81%

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: $28,625
• Closing costs: $3,435
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
942 Francis St Marrero, LA	1.0	1.0	625	$1,125	$1.80	23d	1	0.28mi
7409 4th St Unit B Marrero, LA	1.0	1.0	665	$900	$1.35	23d	1	0.50mi
534 Homewood Pl Unit A Westwego, LA	1.0	1.0	497	$950	$1.91	23d	1	0.74mi
1015 West Dr Westwego, LA	2.0	1.0	750	$1,200	$1.60	43d	1	1.05mi
1105 Magnolia Dr Unit H Westwego, LA	1.0	1.0	750	$950	$1.27	3d	1	1.11mi
1105 Magnolia Dr Apt E Westwego, LA	1.0	1.0	750	$950	$1.27	21d	1	1.11mi
1300 Tanglewood Dr Westwego, LA	1.0–3.0	1.0–1.5	781	$1,180	$1.51	2d	14	1.28mi
530 1/2 Avenue D Westwego, LA	1.0	1.0	500	$850	$1.70	23d	1	1.48mi

Listing history 20 events

1. 2026-06-18
   days on market $114,500 Active 65 DOM
2. 2026-06-17
   days on market $114,500 Active 64 DOM
3. 2026-06-16
   days on market $114,500 Active 63 DOM
4. 2026-06-15
   days on market $114,500 Active 62 DOM
5. 2026-06-13
   days on market $114,500 Active 60 DOM
6. 2026-06-10
   days on market $114,500 Active 57 DOM
7. 2026-06-09
   days on market $114,500 Active 56 DOM
8. 2026-06-08
   pricedays on market $114,500 Active 55 DOM
9. 2026-06-07
   days on market $119,500 Active 54 DOM
10. 2026-06-03
    days on market $119,500 Active 50 DOM
11. 2026-06-02
    days on market $119,500 Active 49 DOM
12. 2026-06-01
    days on market $119,500 Active 48 DOM
13. 2026-05-31
    days on market $119,500 Active 47 DOM
14. 2026-05-06
    status Active 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

15. 2026-05-06
    status Active 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

16. 2026-04-20
    status Pending 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

17. 2026-04-20
    historical Active Under Contract 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

18. 2026-04-13
    listed $119,500 Active 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

19. 2026-04-13
    listed $119,500 Active 144-char remark

    Show marketing remark (144 chars)

    Precious 2 bedroom and 1 bath home located on a corner lot in Marrero, home features open kitchen, fenced yard, front porch and covered parking.

20. 2016-04-18
    soldstatus $53,000

ⓘ 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: $750 · $63/mo
• Projected year-2 tax: $750 · $63/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 · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,401
• − Mortgage interest: −$6,414
• − Property taxes: −$750
• − Insurance: −$1,370
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$3,331
• Taxable income: $232
• Est. tax owed @ 24.0%: −$56
• After-tax cash flow: $1,996/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 — Marrero

• Score: 67/100
• State rank: #104
• US rank: #10146

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: Marrero, LA
• County: Jefferson Parish · 426,999 people
• City population: 55,693
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 55,693
• Household income: $54,885
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 1807.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 40% White 39% Hispanic / Latino 12% Two or more races 7% Asian 5%
• Hispanic origin (detail): Mexican 4% Dominican 1%
• Common ancestry: Lithuanian 12% Hispanic 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 8% Vietnamese 4% French/Haitian/Cajun 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: ▼ -89.87%
• Current HPI: 161.7477
• Rent YoY: ▲ 1.05%
• 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

+125.5% since first listed

7 events — show timeline

• 2026-05-06 Relisted — AcadianaMLS
• 2026-05-06 Relisted — GSREIN
• 2026-04-20 Pending — AcadianaMLS
• 2026-04-20 Contingent — GSREIN
• 2026-04-13 Listed $119,500 GSREIN
• 2026-04-13 Listed $119,500 AcadianaMLS
• 2016-04-18 Sold (Public Records) $53,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $750 · +0.3% YoY. Source: county tax records.