100 Hathaway Pl · New Orleans, LA 70119

$249,900

4 bd · 2.5 ba · 2,353 sqft · SingleFamily public records · 27 Days on market

Built 1979 5,000 sqft lot $106/sqft · 52% below area

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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 +26.7/30.0
• DSCR +9.2/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• 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

Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

Key facts

• Back deck
• Cozy fireplace
• Two story home

Tags

• TWO STORY HOME
• BACK DECK
• COZY FIREPLACE
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $613 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $246k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% 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 soft (-0.2%/yr); 381 active listings in the ZIP; 22 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 $3,092/mo this rent would consume 70% of the median local household income ($53k/yr) (locally 3381% 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 $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 27 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 15y ago; this cycle's ask has dropped $25k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $250k implies a 525% gain — meaningful room to come down on a strong offer.

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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,151 (1.5% below list)

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.24% ✓
• Cap rate: 9.55%
• Cash-on-cash: 11.65%
• DSCR: 1.52
• GRM: 6.7

CMA / ARV

• ARV (median comp): $516,959
• List price: $249,900
• Delta: -51.66%
• 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
3145 Trafalgar St	0.10mi	4/2.5	2,307 (-2%)	11mo	$568,000	$246	83
3390 Desaix Blvd	0.28mi	4/3.5	2,254 (-4%)	16mo	$536,775	$238	62
3631 Bruxelles St	0.51mi	5/3.0 (+1)	2,500 (+6%)	2mo	$95,000	$38	57
3125 Ponce De Leon St	0.70mi	3/2.5 (-1)	2,298 (-2%)	2mo	$831,000	$362	56
1614 N Dupre St	0.58mi	4/3.0	2,230 (-5%)	8mo	$590,000	$265	55
1621 N Lopez St	0.67mi	4/3.0	2,410 (+2%)	10mo	$525,000	$218	55
2815 A P Tureaud Ave	0.64mi	3/3.0 (-1)	2,461 (+5%)	7mo	$261,500	$106	50
1468 N White St	0.70mi	3/2.5 (-1)	2,182 (-7%)	1mo	$786,900	$361	49
3519 Roger Williams St	0.42mi	4/3.0	2,057 (-13%)	14mo	$410,000	$199	45
1448 Verna Ct	0.66mi	3/2.0 (-1)	2,408 (+2%)	16mo	$723,400	$300	45
3711 Bruxelles St	0.54mi	4/2.0	2,060 (-12%)	10mo	$252,000	$122	44
4126 Gibson St	0.72mi	4/6.0	2,000 (-15%)	8mo	$85,000	$43	21

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-10,429
• Equity at exit: $37,261

10-year hold

• IRR: 1.5%
• Equity multiple: 1.09×
• Total profit: $6,589
• Equity at exit: $21,607

Cash invested: $69,972 (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 70119

• Home prices YoY: -34.8%
• Rents YoY: -0.2%
• Active inventory: 381
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $3,092 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$349 /mo · $4,185/yr
• Insurance: −$104
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$649
• Net cashflow: $613

Break-even live

Break-even rent $2,316

Max offer price $249,900

Occupancy floor 75%

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 Gentilly Blvd New Orleans, LA	3.0	2.5	2205	$4,000	$1.81	43d	1	0.16mi
3607 Havana St New Orleans, LA	3.0	2.0	1693	$1,488	$0.88	16d	1	0.63mi
3024 Esplanade Ave New Orleans, LA	3.0	2.5	2300	$4,500	$1.96	43d	1	0.76mi
2664 Lepage St New Orleans, LA	3.0	2.0	1750	$2,725	$1.56	43d	1	0.78mi
3232 Grand Rte Saint John St New Orleans, LA	3.0	3.0	2800	$5,000	$1.79	23d	1	0.78mi
9 Park Island Dr New Orleans, LA	3.0	3.0	3353	$8,500	$2.54	15d	1	0.92mi
2331 Columbus St New Orleans, LA	3.0	1.0	1976	$1,850	$0.94	23d	1	0.94mi
1831 N Miro St New Orleans, LA	3.0	2.0	1882	$2,500	$1.33	43d	1	0.97mi
3228 Pauger St New Orleans, LA	5.0	2.0	1600	$2,100	$1.31	23d	1	1.06mi
2731 Saint Philip St Unit 2733 New Orleans, LA	4.0	2.0	2000	$2,600	$1.30	23d	1	1.07mi
4727 Saint Bernard Ave New Orleans, LA	3.0	2.0	2000	$2,000	$1.00	15d	1	1.16mi
2920 Pauger St New Orleans, LA	4.0	2.0	1882	$1,995	$1.06	23d	1	1.16mi
1938 N Johnson St Unit 38 New Orleans, LA	3.0	2.0	1844	$2,400	$1.30	23d	1	1.24mi
1936 N Johnson St Unit 36 New Orleans, LA	3.0	2.0	1844	$2,400	$1.30	23d	1	1.24mi
3700 Orleans Ave New Orleans, LA	1.0–3.0	1.0–2.0	1081	$2,945	$2.72	2d	48	1.25mi
4227 Saint Ann St New Orleans, LA	3.0	2.0	1900	$2,800	$1.47	3d	1	1.28mi
3907 Elysian Fields Ave New Orleans, LA	3.0	2.0	1652	$3,000	$1.82	23d	1	1.32mi
4815 Warrington Dr New Orleans, LA	3.0	2.0	1652	$2,150	$1.30	15d	1	1.36mi
5024 Paris Ave New Orleans, LA	4.0	3.0	2116	$3,000	$1.42	15d	1	1.38mi
1837 Touro St New Orleans, LA	3.0	1.0	1994	$2,000	$1.00	23d	1	1.40mi
2107 Elysian Fields Ave New Orleans, LA	4.0	2.0	1794	$1,650	$0.92	3d	1	1.43mi
979 Navarre Ave New Orleans, LA	3.0	2.5	1926	$2,200	$1.14	23d	1	1.47mi

Listing history 31 events

1. 2026-06-18
   days on market $249,900 Active 27 DOM
2. 2026-06-17
   days on market $249,900 Active 26 DOM
3. 2026-06-16
   days on market $249,900 Active 25 DOM
4. 2026-06-15
   days on market $249,900 Active 24 DOM
5. 2026-06-13
   days on market $249,900 Active 22 DOM
6. 2026-06-10
   days on market $249,900 Active 19 DOM
7. 2026-06-09
   days on market $249,900 Active 18 DOM
8. 2026-06-08
   days on market $249,900 Active 17 DOM
9. 2026-06-07
   days on market $249,900 Active 16 DOM
10. 2026-06-05
    days on market $249,900 Active 13 DOM
11. 2026-06-03
    days on market $249,900 Active 12 DOM
12. 2026-06-02
    days on market $249,900 Active 11 DOM
13. 2026-06-01
    days on market $249,900 Active 10 DOM
14. 2026-05-31
    days on market $249,900 Active 9 DOM
15. 2026-04-07
    status Active 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

16. 2026-04-07
    price $249,900 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

17. 2026-04-07
    status Active 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

18. 2026-04-07
    price $249,900 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

19. 2026-03-25
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

20. 2026-03-25
    historical Active Under Contract 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

21. 2026-01-21
    listed $275,000 Active 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

22. 2026-01-21
    listed $275,000 Active 567-char remark

    Show marketing remark (567 chars)

    Welcome to this spacious 4 bedroom 3 bath two story home! Located just a 10 minute walk from Jazz Fest and City Park. Enjoy warm inviting living spaces, highlighted by a cozy fireplace, perfect for relaxing or entertaining. Step outside to a back deck overlooking the yard, ideal for outdoor gatherings, morning coffee, or unwinding after a long day. The thoughtfully designed layout offers comfort and functionality throughout. Nestled in a prime location, this home puts you minutes from outdoor recreation, dining, and the vibrant culture New Orleans is known for.

23. 2025-09-01
    listed $325,000 Active
24. 2025-02-15
    listed $387,000 Active
25. 2024-08-24
    price $385,000
26. 2024-08-07
    listed $385,000 Active
27. 2024-05-20
    price $400,000
28. 2024-04-08
    listed $400,000
29. 2011-07-21
    listed $156,500
30. 2011-07-21
    listed $156,500
31. 1981-07-21
    soldstatus $40,000

ⓘ 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: $4,185 · $349/mo
• Projected year-2 tax: $4,185 · $349/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) · 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

Taxation est. · year 1

• Rental income: $37,100
• − Mortgage interest: −$13,998
• − Property taxes: −$4,185
• − Insurance: −$2,047
• − Repairs & maintenance: −$2,968
• − Management: −$2,968
• − Depreciation: −$7,270
• Taxable income: $3,664
• Est. tax owed @ 24.0%: −$879
• After-tax cash flow: $6,472/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
• County: Orleans Parish · 338,817 people
• City population: 338,817
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 37,253
• Household income: $53,143
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 3381.0

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 0.64)
• Race & ethnicity: Black 44% White 40% Two or more races 10% Hispanic / Latino 9% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 8% Slovak 2% Romanian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 0%

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: ▼ -135.38%
• Current HPI: 253.1929
• Rent YoY: ▼ -0.20%
• 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

+524.8% since first listed

17 events — show timeline

• 2026-04-07 Relisted — AcadianaMLS
• 2026-04-07 Price Changed $249,900 AcadianaMLS
• 2026-04-07 Relisted — GSREIN
• 2026-04-07 Price Changed $249,900 GSREIN
• 2026-03-25 Pending — AcadianaMLS
• 2026-03-25 Contingent — GSREIN
• 2026-01-21 Listed $275,000 GSREIN
• 2026-01-21 Listed $275,000 AcadianaMLS
• 2025-09-01 Listed $325,000 AcadianaMLS
• 2025-02-15 Listed $387,000 AcadianaMLS
• 2024-08-24 Price Changed $385,000 GSREIN
• 2024-08-07 Listed $385,000 AcadianaMLS
• 2024-05-20 Price Changed $400,000 GSREIN
• 2024-04-08 Listed $400,000 AcadianaMLS
• 2011-07-21 Listed $156,500 GSREIN
• 2011-07-21 Listed $156,500 AcadianaMLS
• 1981-07-21 Sold (Public Records) $40,000 Public Records

Property tax history

+5.8%/yr

Latest (2026): $4,185 · +1.1% YoY. Source: county tax records.