4355 Jean Lafitte Blvd · Lafitte, LA 70067

$99,900

3 bd · 1.0 ba · 1,000 sqft · SingleFamily · 148 Days on market

Built 1972 $100/sqft · 33% below area Est $150k · 33% under ↓ 39% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.3/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

If you're looking for a camp in Jean Lafitte with tons of potential this is it. 3 bedrooms 1 bath raised on concrete pilings, has a boat landings water access, huge metal shed/workshop. Property was DAMAGED in Hurricane IDA and being sold "Asls"lot runs from Barataria Bayou to the marsh across Jean Lafitte Blvd (La H wy) 45.19 x 784.33 x 47.47 x 776 (45.19 on Bayou Barataria) Plat map see Attachments

Key facts

• 3 parking spots
• Built 1972
• Listed 148 days

Tags

• BOAT LANDINGS WATER ACCESS
• HUGE METAL SHED WORKSHOP
• LOT RUNS FROM BARATARIA BAYOU

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $616 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 51/100 on livability (#421 in LA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A; Watch: cost of living D+, 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: 40 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($691 loan paydown + $642 appreciation (0.6% local appreciation)).
• At projected returns (0.6% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.70% ✓
• Cap rate: 13.70%
• Cash-on-cash: 26.44%
• DSCR: 2.18
• GRM: 4.9

CMA / ARV

• ARV (median comp): $150,018
• List price: $99,900
• Delta: -33.41%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

0.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.0%
• Equity multiple: 2.41×
• Total profit: $39,442
• Equity at exit: $32,259

10-year hold

• IRR: 31.0%
• Equity multiple: 4.64×
• Total profit: $101,750
• Equity at exit: $41,476

Cash invested: $27,972 (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 70067

• Home prices YoY: 1.0%
• Active inventory: 40
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,700 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$161 /mo · $1,933/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $616

Break-even live

Break-even rent $920

Max offer price $99,900

Occupancy floor 59%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4320 Jean Lafitte Blvd Lafitte, LA	3.0	2.0	1500	$1,700	$1.13	44d	1	0.07mi

Listing history 20 events

1. 2026-06-18
   days on market $99,900 Active 148 DOM
2. 2026-06-17
   days on market $99,900 Active 147 DOM
3. 2026-06-16
   days on market $99,900 Active 146 DOM
4. 2026-06-15
   days on market $99,900 Active 145 DOM
5. 2026-06-13
   days on market $99,900 Active 143 DOM
6. 2026-06-10
   days on market $99,900 Active 140 DOM
7. 2026-06-09
   days on market $99,900 Active 139 DOM
8. 2026-06-08
   days on market $99,900 Active 138 DOM
9. 2026-06-07
   days on market $99,900 Active 137 DOM
10. 2026-06-03
    days on market $99,900 Active 133 DOM
11. 2026-06-02
    days on market $99,900 Active 132 DOM
12. 2026-06-01
    days on market $99,900 Active 131 DOM
13. 2026-05-31
    days on market $99,900 Active 130 DOM
14. 2026-01-12
    listed $99,900 Active 413-char remark

    Show marketing remark (413 chars)

    If you're looking for a camp in Jean Lafitte with tons of potential this is it. 3 bedrooms 1 bath raised on concrete pilings, has a boat landings water access, huge metal shed/workshop. Property was DAMAGED in Hurricane IDA and being sold "Asls"lot runs from Barataria Bayou to the marsh across Jean Lafitte Blvd (La H wy) 45.19 x 784.33 x 47.47 x 776 (45.19 on Bayou Barataria) Plat map see Attachments

15. 2026-01-12
    listed $99,900 Active 413-char remark

    Show marketing remark (413 chars)

    If you're looking for a camp in Jean Lafitte with tons of potential this is it. 3 bedrooms 1 bath raised on concrete pilings, has a boat landings water access, huge metal shed/workshop. Property was DAMAGED in Hurricane IDA and being sold "Asls"lot runs from Barataria Bayou to the marsh across Jean Lafitte Blvd (La H wy) 45.19 x 784.33 x 47.47 x 776 (45.19 on Bayou Barataria) Plat map see Attachments

16. 2023-02-02
    price $105,000
17. 2022-09-19
    listed $105,000
18. 2022-04-25
    price $150,000
19. 2022-03-08
    listed $150,000
20. 2020-09-29
    soldstatus $165,000

ⓘ 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: $1,933 · $161/mo
• Projected year-2 tax: $1,933 · $161/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $20,400
• − Mortgage interest: −$5,596
• − Property taxes: −$1,933
• − Insurance: −$500
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − Depreciation: −$2,906
• Taxable income: $6,202
• Est. tax owed @ 24.0%: −$1,488
• After-tax cash flow: $5,909/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 — Lafitte

• Score: 51/100
• State rank: #421
• US rank: #25357

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafitte, LA
• City population: 2,687
• Population (ZIP): 2,687

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: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 9% Hispanic / Latino 3%
• Common ancestry: Lithuanian 19% Iranian 3% Serbian 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 2% French/Haitian/Cajun 1%

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: ▲ 0.64%
• Current HPI: 65.8619
• Rent YoY: —
• Metro: —
• 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

-39.5% since first listed

7 events — show timeline

• 2026-01-12 Listed $99,900 AcadianaMLS
• 2026-01-12 Listed $99,900 GSREIN
• 2023-02-02 Price Changed $105,000 GSREIN
• 2022-09-19 Listed $105,000 AcadianaMLS
• 2022-04-25 Price Changed $150,000 GSREIN
• 2022-03-08 Listed $150,000 AcadianaMLS
• 2020-09-29 Sold (Public Records) $165,000 Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,933 · +0.2% YoY. Source: county tax records.