2608 Jean Lafitte Pkwy · Chalmette, LA 70043

$225,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily · 24 Days on market

Built 1962 7,000 sqft lot $150/sqft · 10% below area Est $250k · 10% under

---

Why this score? — see what drove the D+ 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 +12.0/30.0
• ARV discount +12.0/15.0
• Schools +5.0/10.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• 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

Well-maintained 3-bedroom, 2-bath home situated on a corner lot in Chalmette. This single-story property offers approximately 1,500 living square feet with an open floor plan designed for comfortable everyday living. The spacious living area flows into a large kitchen featuring granite countertops and stainless steel appliances, creating a functional layout for both daily use and gatherings. The primary bathroom has been updated with a walk-in shower, and the home includes recent improvements include roof, new water heater, and a storage shed added in 2022. Natural light fills the interior, enhancing the home's bright and inviting feel. Exterior features include an oversized yard, a covered back porch, and a two car garage with opener, offering both convenience and additional storage.

Key facts

• Open floor plan
• Oversized yard
• Walk-in shower

Tags

• CORNER LOT
• OPEN FLOOR PLAN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WALK-IN SHOWER
• OVERSIZED YARD

Property features AI

Exterior

• Parking: Garage with two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Slab foundation
• Construction: Brick construction; Asphalt shingle roof
• Exterior features: City lot with rectangular shape; Lot dimensions approximately 70 x 100

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 8 rooms; Excellent condition

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-118 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (7.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (15.4% below list).
• Recommended offer: $190k (15.4% below list) — sets the bar for 1% rule.

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); 214 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 41% 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 $2k of loan paydown is wiped out by about $7k 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 24 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 6 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 $190,256 (15.4% 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. Built in 1962 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.85% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.99%
• DSCR: 0.96
• GRM: 9.9

CMA / ARV

• ARV (median comp): $250,145
• List price: $225,000
• Delta: -10.05%
• 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
2608 Jean Lafitte Pkwy	0.00mi	3/2.0	1,500 (0%)	0mo	$225,000	$150	100
8416 Colonel Dr	0.16mi	3/2.0	1,560 (+4%)	3mo	$205,000	$131	84
2225 Congressman Hebert Dr	0.29mi	3/2.0	1,445 (-4%)	8mo	$267,109	$185	74
2329 Congressman Hebert Dr	0.29mi	3/2.0	1,606 (+7%)	4mo	$299,900	$187	72
2700 Creely Dr	0.06mi	3/2.0	1,720 (+15%)	4mo	$269,000	$156	70
8516 Livingston Ave	0.31mi	4/2.0 (+1)	1,414 (-6%)	4mo	$190,000	$134	68
316 Sable Dr	0.57mi	3/2.5	1,455 (-3%)	3mo	$224,000	$154	64
105 Norton Ave	0.46mi	3/2.0	1,367 (-9%)	4mo	$215,000	$157	60
120 Livingston Ave	0.72mi	3/2.0	1,559 (+4%)	1mo	$235,000	$151	59
8829 Livingston Ave	0.68mi	3/2.0	1,556 (+4%)	4mo	$222,000	$143	58
62 Patterson Dr	0.71mi	3/2.0	1,573 (+5%)	6mo	$260,000	$165	54
59 E Carolina Dr	0.65mi	3/2.5	1,700 (+13%)	7mo	$227,500	$134	40

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: -19.9%
• Equity multiple: 0.31×
• Total profit: $-43,718
• Equity at exit: $33,548

10-year hold

• IRR: -12.5%
• Equity multiple: 0.26×
• Total profit: $-46,626
• Equity at exit: $19,454

Cash invested: $63,000 (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 70043

• Rents YoY: 3.1%
• Active inventory: 214
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,903 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-118

Break-even live

Break-even rent $2,052

Max offer price $207,873

Occupancy floor —

Sensitivity live

Price	-10% $37	-5% $-41	+0% $-118	+5% $-196	+10% $-274
Rent	-10% $-269	-5% $-194	+0% $-118	+5% $-43	+10% $32
Rate	-1.0pp $-5	-0.5pp $-61	base $-118	+0.5pp $-177	+1.0pp $-236

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 8th St Chalmette, LA	3.0	1.0	1275	$1,695	$1.33	45d	1	0.15mi
8401 Livingston Ave Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	45d	1	0.17mi
310 Lynx Dr Arabi, LA	3.0	2.0	1050	$1,775	$1.69	25d	1	0.65mi
309 Fawn Dr Arabi, LA	3.0	2.5	1745	$2,500	$1.43	3d	1	0.72mi
8506 Deerfield Dr Chalmette, LA	2.0	1.0	1089	$1,350	$1.24	18d	1	0.77mi
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	25d	1	0.83mi
424 Chinchilla Dr Arabi, LA	3.0	2.0	1735	$3,500	$2.02	17d	1	0.86mi
1239 Center St Arabi, LA	4.0	2.0	1922	$3,500	$1.82	4d	1	0.86mi
1511 Schnell Dr Arabi, LA	4.0	3.0	1700	$1,850	$1.09	5d	1	0.87mi
7532 Patricia St Arabi, LA	3.0	2.0	1850	$1,900	$1.03	3d	1	0.91mi
7532 Patricia St Arabi, LA	3.0	2.0	1850	$1,900	$1.03	4d	1	0.91mi
1529 Schnell Dr Arabi, LA	3.0	2.5	1736	$2,600	$1.50	3d	1	0.91mi
7532 Patricia St Arabi, LA	4.0	3.0	2099	$2,200	$1.05	45d	1	0.92mi
3561 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	45d	1	0.93mi
3563 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	45d	1	0.93mi
8600 Patricia St Chalmette, LA	3.0	2.0	1255	$1,550	$1.24	25d	1	0.94mi
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	45d	1	1.00mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	25d	1	1.00mi
616 Lebeau St Unit A Arabi, LA	2.0	1.0	1205	$1,650	$1.37	45d	1	1.04mi
438 Friscoville Ave Arabi, LA	3.0	2.0	1500	$3,200	$2.13	4d	1	1.14mi
6900 Royal St Arabi, LA	3.0	2.0	1579	$5,888	$3.73	4d	1	1.15mi
8413 Benjamin Dr Chalmette, LA	3.0	2.0	1800	$2,300	$1.28	5d	1	1.15mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	13d	1	1.21mi
9101 Virtue St Unit 9101 Chalmette, LA	3.0	2.0	1100	$1,690	$1.54	4d	1	1.27mi
1333 Angela Ave Arabi, LA	3.0	2.0	1090	$1,850	$1.70	4d	1	1.27mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	45d	1	1.33mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	22d	1	1.33mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	12d	1	1.35mi
2012 Esteban St Arabi, LA	3.0	2.0	1466	$2,500	$1.71	12d	1	1.36mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	3d	1	1.40mi
2301 Esteban St Arabi, LA	3.0	1.0	1102	$1,800	$1.63	16d	1	1.44mi
2107 Montesquieu St Chalmette, LA	2.0	1.0	1150	$1,199	$1.04	23d	1	1.44mi

Listing history 9 events

1. 2026-05-03
   listed $225,000 Active 808-char remark

   Show marketing remark (795 chars)

   Well-maintained 3-bedroom, 2-bath home situated on a corner lot in Chalmette. This single-story property offers approximately 1,500 living square feet with an open floor plan designed for comfortable everyday living. The spacious living area flows into a large kitchen featuring granite countertops and stainless steel appliances, creating a functional layout for both daily use and gatherings. The primary bathroom has been updated with a walk-in shower, and the home includes recent improvements include roof, new water heater, and a storage shed added in 2022. Natural light fills the interior, enhancing the home's bright and inviting feel. Exterior features include an oversized yard, a covered back porch, and a two car garage with opener, offering both convenience and additional storage.

2. 2026-05-03
   listed $225,000 Active 802-char remark

   Show marketing remark (795 chars)

   Well-maintained 3-bedroom, 2-bath home situated on a corner lot in Chalmette. This single-story property offers approximately 1,500 living square feet with an open floor plan designed for comfortable everyday living. The spacious living area flows into a large kitchen featuring granite countertops and stainless steel appliances, creating a functional layout for both daily use and gatherings. The primary bathroom has been updated with a walk-in shower, and the home includes recent improvements include roof, new water heater, and a storage shed added in 2022. Natural light fills the interior, enhancing the home's bright and inviting feel. Exterior features include an oversized yard, a covered back porch, and a two car garage with opener, offering both convenience and additional storage.

3. 2018-06-22
   soldstatus $85,000
4. 2008-10-21
   listed $159,900
5. 2008-10-21
   listed $159,900
6. 2008-10-21
   listed $159,900
7. 2008-10-21
   listed $159,900
8. 2007-07-20
   soldstatus $35,000
9. 2002-11-21
   soldstatus $82,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,831
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,922
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$6,545
• Taxable loss: −$5,269
• Est. tax savings @ 24.0%: +$1,264
• After-tax cash flow: $-156/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

+174.4% since first listed

13 events — show timeline

• 2026-06-17 Sold (MLS) $225,000 GSREIN
• 2026-06-17 Sold (MLS) $225,000 AcadianaMLS
• 2026-05-27 Pending — AcadianaMLS
• 2026-05-27 Pending — GSREIN
• 2026-05-03 Listed $225,000 GSREIN
• 2026-05-03 Listed $225,000 AcadianaMLS
• 2018-06-22 Sold (Public Records) $85,000 Public Records
• 2008-10-21 Listed $159,900 GSREIN
• 2008-10-21 Listed $159,900 GSREIN
• 2008-10-21 Listed $159,900 AcadianaMLS
• 2008-10-21 Listed $159,900 AcadianaMLS
• 2007-07-20 Sold (Public Records) $35,000 Public Records
• 2002-11-21 Sold (Public Records) $82,000 Public Records

Property tax history

-8.4%/yr

Latest (2025): $421 · -73.2% YoY. Source: county tax records.