1917 Governor Nicholls St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.6%
- 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 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +19.6/30.0
- ARV discount +15.0/15.0
- DSCR +6.2/10.0
- 1% rule +4.3/10.0
- 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
$165,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC--even better, the property is in Flood Zone X! *virtually staged photos
Key facts
- Spacious island
- Quartz countertops
- All-new appliances
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $165k.
Deal economics
- At list price, monthly cash flow is $125 ($2k/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 (6.6% below list).
- Recommended offer: $154k (6.6% below list) — sets the bar for 1% rule.
- Cap rate 7.7% 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 flat; 350 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).
- This rent runs 35% of the median local income ($52k/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 $5k 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 83 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 2y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $88k; list at $165k implies a 89% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1920 — 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.
Questions for the listing agent
- It's been on market 83 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
- Built in 1920 — 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 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
- 7.69%
- Cash-on-cash
- 4.98%
- DSCR
- 1.22
- GRM
- 8.9
CMA / ARV
- ARV (median comp)
- $215,130
- List price
- $165,000
- Delta
- -23.30%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2326 Saint Philip St | 0.32mi | 2/1.0 | 780 (0%) | 4mo | $67,500 | $87 | 82 |
| 1215 N Villere St | 0.29mi | 2/1.0 | 728 (-7%) | 1mo | $225,000 | $309 | 75 |
| 1672 Rousselin Dr | 0.72mi | 1/1.0 (-1) | 810 (+4%) | 13mo | $260,000 | $321 | 45 |
| 934 N Rocheblave St | 0.39mi | 1/2.0 (-1) | 845 (+8%) | 22mo | $197,000 | $233 | 41 |
| 1136 St Bernard Ave | 0.57mi | 2/2.0 | 856 (+10%) | 18mo | $117,000 | $137 | 38 |
| 212 N Tonti St | 0.74mi | 2/2.0 | 732 (-6%) | 16mo | $73,000 | $100 | 38 |
| 1316 Burgundy St | 0.64mi | 1/1.0 (-1) | 720 (-8%) | 22mo | $630,000 | $875 | 34 |
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 · 0.18% rent growth · sell at horizon
- IRR
- -14.3%
- Equity multiple
- 0.50×
- Total profit
- $-23,017
- Equity at exit
- $24,602
- IRR
- -10.7%
- Equity multiple
- 0.43×
- Total profit
- $-26,290
- Equity at exit
- $14,266
Cash invested: $46,200 (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 70116
- Home prices YoY
- -34.5%
- Rents YoY
- 0.2%
- Active inventory
- 350
- Price-to-rent
- 8.9×
Monthly cashflow live
- Estimated rent
- $1,541 high interval (Pro) →
- Mortgage (P&I)
- −$865
- Tax from tax record
- −$92 /mo · $1,103/yr
- Insurance
- −$69
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$324
- Net cashflow
- $125
Break-even live
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
- $41,250
- Closing costs
- $4,950
- 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 |
|---|---|---|---|---|---|---|---|---|
| 1128 N Roman St New Orleans, LA | 1.0 | 1.0 | 600 | $1,400 | $2.33 | 3d | 1 | 0.07mi |
| 1128 N Roman St New Orleans, LA | 2.0 | 2.0 | 600 | $1,400 | $2.33 | 24d | 1 | 0.07mi |
| 1818 Esplanade Ave Unit 1B New Orleans, LA | 2.0 | 1.0 | 700 | $2,200 | $3.14 | 24d | 1 | 0.07mi |
| 2110 Bayou Rd Unit 5 New Orleans, LA | 1.0 | 1.0 | 600 | $1,250 | $2.08 | 24d | 1 | 0.12mi |
| 1717 Gov Nicholls St New Orleans, LA | 2.0 | 2.0 | 935 | $1,695 | $1.81 | 10d | 1 | 0.15mi |
| 1035 N Derbigny St New Orleans, LA | 3.0 | 1.0 | 1075 | $1,399 | $1.30 | 24d | 1 | 0.15mi |
| 1424 N Johnson St New Orleans, LA | 2.0 | 1.0 | 1100 | $1,400 | $1.27 | 24d | 1 | 0.16mi |
| 1820 Kerlerec St New Orleans, LA | 2.0 | 1.0 | 950 | $1,600 | $1.68 | 17d | 1 | 0.16mi |
| 1121 N Galvez St New Orleans, LA | 2.0 | 1.0 | 1040 | $1,400 | $1.35 | 24d | 1 | 0.17mi |
| 1435 N Derbigny St New Orleans, LA | 2.0 | 2.0 | 1040 | $1,600 | $1.54 | 24d | 1 | 0.19mi |
| 2032 Saint Philip St New Orleans, LA | 2.0 | 2.0 | 800 | $1,600 | $2.00 | 24d | 1 | 0.19mi |
| 2015 Kerlerec St Unit 2015 New Orleans, LA | 2.0 | 1.0 | 819 | $2,050 | $2.50 | 24d | 1 | 0.22mi |
| 1615 Governor Nicholls St Apt 103 New Orleans, LA | 1.0 | 1.0 | 600 | $1,050 | $1.75 | 21d | 1 | 0.23mi |
| 909 N Derbigny St New Orleans, LA | 2.0 | 2.0 | 950 | $1,850 | $1.95 | 24d | 1 | 0.24mi |
| 1527 N Roman St Unit C New Orleans, LA | 1.0 | 1.0 | 895 | $800 | $0.89 | 24d | 1 | 0.28mi |
| 1527 N Roman St Unit B New Orleans, LA | 1.0 | 1.0 | 895 | $900 | $1.01 | 24d | 1 | 0.28mi |
| 2017 Saint Ann St New Orleans, LA | 2.0 | 1.0 | 960 | $1,095 | $1.14 | 17d | 1 | 0.30mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 925 | $1,425 | $1.54 | 2d | 1 | 0.30mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 700 | $1,400 | $2.00 | 24d | 1 | 0.30mi |
| 1831 Saint Ann St Unit A New Orleans, LA | 3.0 | 2.0 | 900 | $2,000 | $2.22 | 3d | 1 | 0.31mi |
| 1831 Saint Ann St Unit A New Orleans, LA | 3.0 | 2.0 | 900 | $1,650 | $1.83 | 24d | 1 | 0.31mi |
| 1523 Saint Philip St Unit A New Orleans, LA | 2.0 | 1.0 | 648 | $1,250 | $1.93 | 24d | 1 | 0.32mi |
| 2230 Dumaine St New Orleans, LA | 2.0 | 2.0 | 983 | $2,000 | $2.03 | 24d | 1 | 0.32mi |
| 1423 N Villere St Unit B New Orleans, LA | 1.0 | 1.0 | 558 | $1,500 | $2.69 | 24d | 1 | 0.33mi |
| 1328 Esplanade Ave Unit HM New Orleans, LA | 1.0 | 1.0 | 595 | $1,750 | $2.94 | 24d | 1 | 0.35mi |
| 1552 N Derbigny St New Orleans, LA | 3.0 | 2.0 | 841 | $2,100 | $2.50 | 21d | 1 | 0.35mi |
| 1039 Marais St Unit 4 New Orleans, LA | 2.0 | 1.0 | 750 | $1,300 | $1.73 | 21d | 1 | 0.37mi |
| 2426 Saint Philip St New Orleans, LA | 2.0 | 1.0 | 849 | $1,450 | $1.71 | 24d | 1 | 0.37mi |
| 1607 Saint Ann St Unit 2 New Orleans, LA | 1.0 | 1.0 | 700 | $1,275 | $1.82 | 24d | 1 | 0.38mi |
| 808 N Robertson St Unit B New Orleans, LA | 1.0 | 1.0 | 650 | $1,050 | $1.62 | 24d | 1 | 0.40mi |
| 2506 Saint Philip St New Orleans, LA | 2.0 | 2.0 | 1020 | $1,450 | $1.42 | 20d | 1 | 0.41mi |
| 2506 Saint Philip St New Orleans, LA | 2.0 | 2.0 | 1020 | $1,450 | $1.42 | 2d | 1 | 0.41mi |
| 1129 Treme St New Orleans, LA | 1.0 | 1.0 | 650 | $1,500 | $2.31 | 24d | 1 | 0.43mi |
| 1228 N Dorgenois St New Orleans, LA | 2.0 | 1.0 | 900 | $1,800 | $2.00 | 3d | 1 | 0.43mi |
| 1627 N Johnson St New Orleans, LA | 2.0 | 1.0 | 841 | $1,250 | $1.49 | 24d | 1 | 0.43mi |
| 2502 Dumaine St New Orleans, LA | 2.0 | 1.0 | 966 | $1,195 | $1.24 | 3d | 1 | 0.44mi |
| 2502 Dumaine St New Orleans, LA | 2.0 | 1.0 | 966 | $1,195 | $1.24 | 24d | 1 | 0.44mi |
| 1212 Treme St Unit B New Orleans, LA | 1.0 | 1.0 | 750 | $1,490 | $1.99 | 24d | 1 | 0.44mi |
| 1366 Laharpe St Unit 1364 New Orleans, LA | 1.0 | 1.0 | 844 | $1,150 | $1.36 | 3d | 1 | 0.44mi |
| 1216 Treme St Apt A New Orleans, LA | 2.0 | 1.5 | 1000 | $1,790 | $1.79 | 24d | 1 | 0.44mi |
Listing history 43 events
-
2026-06-18days on market $165,000 Active 83 DOM
-
2026-06-17days on market $165,000 Active 82 DOM
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2026-06-16days on market $165,000 Active 81 DOM
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2026-06-15days on market $165,000 Active 80 DOM
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2026-06-13days on market $165,000 Active 78 DOM
-
2026-06-10days on market $165,000 Active 75 DOM
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2026-06-09days on market $165,000 Active 74 DOM
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2026-06-08days on market $165,000 Active 73 DOM
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2026-06-07days on market $165,000 Active 72 DOM
-
2026-06-05days on market $165,000 Active 69 DOM
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2026-06-03days on market $165,000 Active 68 DOM
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2026-06-02days on market $165,000 Active 67 DOM
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2026-06-01days on market $165,000 Active 66 DOM
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2026-05-31days on market $165,000 Active 65 DOM
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2026-04-27price $165,000 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-27price $165,000 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
-
2026-04-18price $169,000 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
-
2026-04-18price $169,000 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-13price $172,500 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-13price $172,500 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-08price $179,000 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-08price $179,000 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-03status Active 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-04-03status Active 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-03-04status Pending 484-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-03-04status Pending 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2026-02-26$185,000 Active 484-char remark
Show marketing remark (484 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC--even better, the property is in Flood Zone X! *virtually staged photos
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2026-01-27$185,000 Active 493-char remark
Show marketing remark (493 chars)
MOTIVATED!! Located in historic Treme! Updated 2BR/2BA home featuring quartz countertops, all-new appliances, and a modern kitchen with a spacious island. A luxurious primary bathroom with a wall-to-ceiling tiled shower and rainfall showerhead. Off street parking available with yard. Renovations and Major system updates provide peace of mind, including a new roof (2022), updated electrical, plumbing, and HVAC—even better, the property is in Flood Zone X! * virtually staged photos
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2024-07-26soldstatus $87,500
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2024-07-15soldstatus $87,500 Closed
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2024-05-22historical Active Under Contract
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2024-04-26price $105,000
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2024-04-01status Active
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2024-03-20status Pending
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2024-03-11status Active
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2024-03-07historical Active Under Contract
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2024-02-28price $115,000
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2024-02-21price $124,000
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2024-01-24$145,000 Active
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2024-01-24$105,000
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2018-06-14soldstatus $51,500
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2010-09-09soldstatus $67,338
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1972-07-11soldstatus $18,400
ⓘ 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
- $1,103 · $92/mo
- Projected year-2 tax
- $1,103 · $92/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 ≥108°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 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
- $18,496
- − Mortgage interest
- −$9,243
- − Property taxes
- −$1,103
- − Insurance
- −$1,622
- − Repairs & maintenance
- −$1,480
- − Management
- −$1,480
- − Depreciation
- −$4,800
- Taxable loss
- −$1,231
- Est. tax savings @ 24.0%
- +$295
- After-tax cash flow
- $1,799/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)
- 10,404
- Household income
- $52,306
- Rent vs Own
- Severe rent burden
- 1001.0
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
- Diverse neighborhood (Simpson 0.63)
- Race & ethnicity
- White 45% Black 40% Hispanic / Latino 10% Two or more races 8%
- Hispanic origin (detail)
- Mexican 1% Cuban 3%
- Common ancestry
- Lithuanian 6% Slovak 3% Romanian 3%
- Foreign-born
- 5% · Canada
- Languages at home
- 90% English-only · Spanish 6% French/Haitian/Cajun 2%
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
- ▼ -144.83%
- Current HPI
- 275.5453
- Rent YoY
- ▲ 0.18%
- 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
+796.7% since first listed29 events — show timeline
- 2026-04-27 Price Changed $165,000 AcadianaMLS
- 2026-04-27 Price Changed $165,000 GSREIN
- 2026-04-18 Price Changed $169,000 AcadianaMLS
- 2026-04-18 Price Changed $169,000 GSREIN
- 2026-04-13 Price Changed $172,500 AcadianaMLS
- 2026-04-13 Price Changed $172,500 GSREIN
- 2026-04-08 Price Changed $179,000 AcadianaMLS
- 2026-04-08 Price Changed $179,000 GSREIN
- 2026-04-03 Relisted — AcadianaMLS
- 2026-04-03 Relisted — GSREIN
- 2026-03-04 Pending — AcadianaMLS
- 2026-03-04 Pending — GSREIN
- 2026-02-26 Listed $185,000 AcadianaMLS
- 2026-01-27 Listed $185,000 GSREIN
- 2024-07-26 Sold (Public Records) $87,500 Public Records
- 2024-07-15 Sold (MLS) $87,500 GSREIN
- 2024-05-22 Contingent — GSREIN
- 2024-04-26 Price Changed $105,000 GSREIN
- 2024-04-01 Relisted — GSREIN
- 2024-03-20 Pending — GSREIN
- 2024-03-11 Relisted — GSREIN
- 2024-03-07 Contingent — GSREIN
- 2024-02-28 Price Changed $115,000 GSREIN
- 2024-02-21 Price Changed $124,000 GSREIN
- 2024-01-24 Listed $105,000 AcadianaMLS
- 2024-01-24 Listed $145,000 GSREIN
- 2018-06-14 Sold (Public Records) $51,500 Public Records
- 2010-09-09 Sold (Public Records) $67,338 Public Records
- 1972-07-11 Sold (Public Records) $18,400 Public Records
Property tax history
+17.4%/yrLatest (2026): $1,103 · +29.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…