2128 Bradford Pl · Harvey, LA 70058

$150,000

4 bd · 2.0 ba · 2,268 sqft · SingleFamily · 2 Days on market

Built 1991

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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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Incredible investment opportunity in Timberlane Estates! Boasting 4 bedrooms, 2 full baths, and a 2 car garage, this home checks all the boxes! Features include a huge primary bedroom and a massive separate living room ideal for entertaining. Off street parking. Bring your vision and creativity for this home with endless possibilities!

Key facts

• Off street parking
• Garage
• Built 1991

Tags

• OFF STREET PARKING
• INVESTMENT OPPORTUNITY

Property features AI

Exterior

• Parking: Attached garage with three or more spaces
• Utilities: Public water; Public sewer; Electric service (standard)
• Home design: Single-story; Average condition
• Construction: Brick veneer, frame, and vinyl siding construction; Shingle roof; Slab foundation; Built with average condition
• Exterior features: City lot; Rectangular lot; Lot dimensions 60' x 110'

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Pantry
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $705 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 12.5% vs local median 4.8% in Harvey — 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 64/100 on livability (#166 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime F, amenities 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 falling (-3.9%/yr); 187 active listings in the ZIP; 9 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).
• This rent runs 43% of the median local income ($62k/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 $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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 $96k; list at $150k implies a 57% 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 $150,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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.
6. 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.
7. 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: 1.48% ✓
• Cap rate: 12.46%
• Cash-on-cash: 22.03%
• DSCR: 1.98
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $303,912
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2236 Hampton Dr	0.26mi	4/2.5	2,262 (-0%)	1mo	$300,000	$133	85
2238 N Village Green St	0.27mi	4/2.5	2,345 (+3%)	1mo	$335,000	$143	79
2103 Mesa Via Dr	0.48mi	4/2.5	2,278 (+0%)	1mo	$300,000	$132	74
1629 Carriage Ln	0.57mi	4/2.5	2,273 (+0%)	3mo	$260,000	$114	69
1921 Bradford Pl	0.19mi	3/2.0 (-1)	1,996 (-12%)	2mo	$285,000	$143	64
1825 Lake Superior Dr	0.42mi	4/2.0	2,511 (+11%)	2mo	$345,000	$137	61
3457 E Parc Green St	0.55mi	4/2.5	2,438 (+8%)	1mo	$285,000	$117	59
2007 S Village Green Dr	0.24mi	3/2.0 (-1)	1,938 (-15%)	6mo	$259,000	$134	55
2024 Spanish Oaks Dr	0.75mi	4/2.5	2,424 (+7%)	1mo	$316,000	$130	51
2733 W Friendship Dr	0.45mi	3/2.5 (-1)	2,539 (+12%)	4mo	$299,900	$118	48
2640 Orbit Ct	0.62mi	3/2.0 (-1)	1,972 (-13%)	1mo	$267,500	$136	43
2132 Missile St	0.61mi	3/2.5 (-1)	1,978 (-13%)	3mo	$310,000	$157	41

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: 8.9%
• Equity multiple: 1.34×
• Total profit: $14,093
• Equity at exit: $22,365

10-year hold

• IRR: 15.3%
• Equity multiple: 2.07×
• Total profit: $45,044
• Equity at exit: $12,969

Cash invested: $42,000 (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 70058

• Rents YoY: -3.9%
• Active inventory: 187
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,224 high
• Mortgage (P&I): −$787
• Tax from tax record: −$137 /mo · $1,638/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $705

Break-even live

Break-even rent $1,332

Max offer price $150,000

Occupancy floor 63%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2323 N Harper Dr Harvey, LA	3.0	2.0	1678	$3,000	$1.79	43d	1	0.38mi
2278 Telestar St Harvey, LA	4.0	2.0	2121	$2,450	$1.16	23d	1	0.43mi
2713 W Friendship Dr Harvey, LA	3.0	2.0	1750	$1,850	$1.06	23d	1	0.47mi
829 Bellemeade Blvd Gretna, LA	4.0	2.0	1805	$2,400	$1.33	43d	1	1.09mi
81 Lake Lynn Dr Harvey, LA	3.0	2.5	1686	$1,900	$1.13	23d	1	1.16mi
2727 Ridgefield Rd Gretna, LA	3.0	2.0	1700	$1,950	$1.15	14d	1	1.27mi
3251 Wall Blvd Gretna, LA	1.0–3.0	1.0–2.0	1174	$2,500	$2.13	1d	1	1.28mi
1849 Redwood Dr Harvey, LA	3.0	2.0	1600	$1,900	$1.19	23d	1	1.50mi
1849 Redwood Dr Harvey, LA	3.0	2.0	1600	$1,900	$1.19	43d	1	1.50mi

Listing history 6 events

1. 2026-05-08
   status Pending
2. 2026-05-06
   status Pending 337-char remark

   Show marketing remark (337 chars)

   Incredible investment opportunity in Timberlane Estates! Boasting 4 bedrooms, 2 full baths, and a 2 car garage, this home checks all the boxes! Features include a huge primary bedroom and a massive separate living room ideal for entertaining. Off street parking. Bring your vision and creativity for this home with endless possibilities!

3. 2026-05-06
   historical Active Under Contract

   Show marketing remark (337 chars)

   Incredible investment opportunity in Timberlane Estates! Boasting 4 bedrooms, 2 full baths, and a 2 car garage, this home checks all the boxes! Features include a huge primary bedroom and a massive separate living room ideal for entertaining. Off street parking. Bring your vision and creativity for this home with endless possibilities!

4. 2026-05-05
   listed $150,000 Active

   Show marketing remark (337 chars)

   Incredible investment opportunity in Timberlane Estates! Boasting 4 bedrooms, 2 full baths, and a 2 car garage, this home checks all the boxes! Features include a huge primary bedroom and a massive separate living room ideal for entertaining. Off street parking. Bring your vision and creativity for this home with endless possibilities!

5. 2026-05-05
   listed $150,000 Active 337-char remark

   Show marketing remark (337 chars)

   Incredible investment opportunity in Timberlane Estates! Boasting 4 bedrooms, 2 full baths, and a 2 car garage, this home checks all the boxes! Features include a huge primary bedroom and a massive separate living room ideal for entertaining. Off street parking. Bring your vision and creativity for this home with endless possibilities!

6. 1992-12-01
   soldstatus $95,600

ⓘ 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: $1,638 · $137/mo
• Projected year-2 tax: $1,638 · $137/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,683
• − Mortgage interest: −$8,402
• − Property taxes: −$1,638
• − Insurance: −$1,547
• − Repairs & maintenance: −$2,135
• − Management: −$2,135
• − Depreciation: −$4,364
• Taxable income: $6,462
• Est. tax owed @ 24.0%: −$1,551
• After-tax cash flow: $6,904/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 — Harvey

• Score: 64/100
• State rank: #166
• US rank: #13980

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harvey, LA
• County: Jefferson Parish · 426,999 people
• City population: 39,578
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 39,578
• Household income: $62,416
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

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 0.60)
• Race & ethnicity: Black 58% White 20% Hispanic / Latino 13% Asian 7% Two or more races 4%
• Hispanic origin (detail): Mexican 1% Dominican 1%
• Common ancestry: Lithuanian 4% Hispanic 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 81% English-only · Spanish 10% Vietnamese 5% 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: ▼ -96.82%
• Current HPI: 156.1052
• Rent YoY: ▼ -3.88%
• 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

+56.9% since first listed

6 events — show timeline

• 2026-05-08 Pending — GSREIN
• 2026-05-06 Pending — AcadianaMLS
• 2026-05-06 Contingent — GSREIN
• 2026-05-05 Listed $150,000 AcadianaMLS
• 2026-05-05 Listed $150,000 GSREIN
• 1992-12-01 Sold (Public Records) $95,600 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,638 · +0.3% YoY. Source: county tax records.