2607 Marietta St · Chalmette, LA 70043

$79,900

3 bd · 1.0 ba · 886 sqft · SingleFamily · 24 Days on market

Built 1965 5,697 sqft lot Est $141k · 43% under

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.0/10.0
• 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

Investor special in the heart of Chalmette! Located within walking distance to Chalmette High School, 2607 Marietta is ready for someone to bring it back to its full potential. This 3 bedroom, 1 bath home features a smaller, easy-to-maintain floorplan and offers a great opportunity for investors, flippers, or buyers looking to add to their rental portfolio. Situated in desirable Flood Zone X, this property has plenty of upside and is waiting for your vision and updates.

Key facts

• 5,697 sq ft lot
• Parking
• Built 1965

Tags

• EASY TO MAINTAIN FLOORPLAN
• DESIRABLE FLOOD ZONE X

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Single-story; Property in poor condition; Slab foundation
• Construction: Brick and vinyl siding exterior; Shingle roof; Built on slab foundation
• Exterior features: City lot; Rectangular lot; Lot dimensions approximately 74 x 78

Interior

• Bedrooms: 3 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Window heating unit; Window cooling unit
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $540 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 5.4% in Chalmette — 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 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); 213 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 32% 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 $552 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.1% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y 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.
• Current owner paid $20k; list at $80k implies a 300% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — 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. 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: 1.83% ✓
• Cap rate: 15.41%
• Cash-on-cash: 32.55%
• DSCR: 2.45
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $140,874
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 E Damour St	0.20mi	3/1.0	879 (-1%)	12mo	$90,000	$102	80
2801 Marietta St	0.11mi	2/1.0 (-1)	875 (-1%)	10mo	$189,000	$216	79
2136 E Beauregard St	0.29mi	3/1.0	978 (+10%)	6mo	$150,000	$153	64
2229 Marietta St	0.33mi	3/1.5	945 (+7%)	16mo	$150,000	$159	58
201 E Damour St	0.32mi	2/1.0 (-1)	945 (+7%)	14mo	$153,000	$162	58
2308 Lloyds Ave	0.71mi	2/1.0 (-1)	881 (-1%)	7mo	$130,000	$148	55
3114 Delille St	0.70mi	2/1.0 (-1)	926 (+4%)	2mo	$150,000	$162	53
2217 Plaza Dr	0.38mi	2/1.0 (-1)	780 (-12%)	7mo	$155,000	$199	52
2333 Plaza Dr	0.26mi	3/1.0	1,000 (+13%)	21mo	$140,000	$140	49
2309 Rosetta Dr	0.26mi	3/1.0	1,013 (+14%)	22mo	$149,900	$148	45
2425 Mumphrey Rd	0.59mi	3/1.5	960 (+8%)	24mo	$165,000	$172	36

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: 23.5%
• Equity multiple: 1.97×
• Total profit: $21,688
• Equity at exit: $11,913

10-year hold

• IRR: 31.5%
• Equity multiple: 3.87×
• Total profit: $64,102
• Equity at exit: $6,908

Cash invested: $22,372 (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: 213
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,458 high
• Mortgage (P&I): −$419
• Tax from tax record: −$93 /mo · $1,117/yr
• Insurance: −$33
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $540

Break-even live

Break-even rent $775

Max offer price $79,900

Occupancy floor 58%

Sensitivity live

Price	-10% $586	-5% $563	+0% $540	+5% $518	+10% $495
Rent	-10% $425	-5% $483	+0% $540	+5% $598	+10% $656
Rate	-1.0pp $581	-0.5pp $561	base $540	+0.5pp $520	+1.0pp $499

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2337 Plaza Dr Chalmette, LA	3.0	2.0	925	$1,500	$1.62	45d	1	0.26mi
2335 Plaza Dr Chalmette, LA	2.0	1.0	765	$1,300	$1.70	45d	1	0.26mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	45d	1	0.26mi
321 Rosemary Pl Chalmette, LA	2.0	2.0	1000	$1,550	$1.55	3d	1	0.28mi
2319 Plaza Dr Chalmette, LA	2.0	1.0	1000	$1,200	$1.20	4d	1	0.30mi
3209 Golden Dr Unit C Chalmette, LA	2.0	1.5	950	$1,200	$1.26	17d	1	0.36mi
3124 Tournefort St Unit 204 Chalmette, LA	2.0	1.0	670	$950	$1.42	45d	1	0.44mi
3305 Golden Dr Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	17d	1	0.45mi
2012 E Beauregard St Chalmette, LA	2.0	1.0	749	$1,500	$2.00	45d	1	0.45mi
222 W Morales St Unit C Chalmette, LA	2.0	1.0	850	$1,100	$1.29	25d	1	0.47mi
203 E Moreau St Chalmette, LA	3.0	1.5	965	$1,700	$1.76	4d	1	0.47mi
2602 Chalona Dr Unit C Chalmette, LA	2.0	1.5	900	$1,200	$1.33	4d	1	0.52mi
2514 Chalona Dr Chalmette, LA	2.0	1.0	828	$1,400	$1.69	22d	1	0.52mi
3316 Laplace St Chalmette, LA	2.0	1.0	850	$1,200	$1.41	45d	1	0.54mi
3513 Golden Dr Chalmette, LA	2.0	2.0	1000	$1,200	$1.20	45d	1	0.66mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	3d	1	0.71mi
3612 Laplace St Chalmette, LA	2.0	1.5	1090	$1,300	$1.19	18d	1	0.74mi
406 Dubarry Pl Chalmette, LA	3.0	2.0	950	$1,550	$1.63	45d	1	0.81mi
3207 Jackson Blvd Chalmette, LA	2.0	1.0	650	$1,150	$1.77	45d	1	0.89mi
3218 Pakenham Dr Chalmette, LA	2.0	1.0	850	$1,300	$1.53	11d	1	0.96mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	45d	1	1.04mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	21d	1	1.04mi
3625 Park Blvd Chalmette, LA	3.0	2.0	924	$1,750	$1.89	4d	1	1.05mi
3627 Park Blvd Chalmette, LA	3.0	2.0	873	$1,750	$2.00	4d	1	1.05mi
800 W Genie St Unit 3 Chalmette, LA	2.0	1.0	700	$1,100	$1.57	45d	1	1.06mi
3508 Pakenham Dr Chalmette, LA	2.0	1.0	1000	$1,150	$1.15	4d	1	1.07mi
3405 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	25d	1	1.10mi
3324 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	45d	1	1.12mi
3615 Jupiter Dr Chalmette, LA	3.0	1.5	1000	$1,595	$1.59	45d	1	1.16mi
3813 Jupiter Dr Chalmette, LA	2.0	1.0	946	$1,450	$1.53	22d	1	1.24mi
8720 W Livingston Ave Unit F Chalmette, LA	2.0	2.0	900	$1,050	$1.17	25d	1	1.28mi
8720 Livingston Ave Unit H Chalmette, LA	2.0	2.0	900	$1,050	$1.17	45d	1	1.30mi
9115 Virtue St Chalmette, LA	3.0	2.0	1023	$1,600	$1.56	22d	1	1.31mi
9115 Virtue St Chalmette, LA	3.0	2.0	1023	$1,600	$1.56	18d	1	1.31mi
9101 Virtue St Unit 9101 Chalmette, LA	3.0	2.0	1100	$1,690	$1.54	4d	1	1.31mi
8704 W Livingston Ave Apt F Chalmette, LA	2.0	2.0	875	$1,050	$1.20	45d	1	1.33mi
3541 Kings Dr Chalmette, LA	2.0	1.0	979	$1,300	$1.33	25d	1	1.35mi
3561 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	45d	1	1.38mi
3563 Kings Dr Chalmette, LA	2.0	1.5	1080	$1,400	$1.30	45d	1	1.38mi
9108 Atreus St Chalmette, LA	2.0	2.0	998	$1,400	$1.40	45d	1	1.39mi

Listing history 22 events

1. 2026-06-21
   days on market $79,900 Active 24 DOM
2. 2026-06-18
   days on market $79,900 Active 21 DOM
3. 2026-06-17
   days on market $79,900 Active 20 DOM
4. 2026-06-16
   days on market $79,900 Active 19 DOM
5. 2026-06-15
   days on market $79,900 Active 18 DOM
6. 2026-06-13
   days on market $79,900 Active 16 DOM
7. 2026-06-10
   days on market $79,900 Active 13 DOM
8. 2026-06-09
   days on market $79,900 Active 12 DOM
9. 2026-06-08
   days on market $79,900 Active 11 DOM
10. 2026-06-07
    days on market $79,900 Active 10 DOM
11. 2026-06-03
    days on market $79,900 Active 6 DOM
12. 2026-06-02
    days on market $79,900 Active 5 DOM
13. 2026-06-01
    days on market $79,900 Active 4 DOM
14. 2026-05-31
    days on market $79,900 Active 3 DOM
15. 2026-05-28
    listed $79,900 Active 474-char remark

    Show marketing remark (474 chars)

    Investor special in the heart of Chalmette! Located within walking distance to Chalmette High School, 2607 Marietta is ready for someone to bring it back to its full potential. This 3 bedroom, 1 bath home features a smaller, easy-to-maintain floorplan and offers a great opportunity for investors, flippers, or buyers looking to add to their rental portfolio. Situated in desirable Flood Zone X, this property has plenty of upside and is waiting for your vision and updates.

16. 2026-05-28
    listed $79,900 Active

    Show marketing remark (474 chars)

    Investor special in the heart of Chalmette! Located within walking distance to Chalmette High School, 2607 Marietta is ready for someone to bring it back to its full potential. This 3 bedroom, 1 bath home features a smaller, easy-to-maintain floorplan and offers a great opportunity for investors, flippers, or buyers looking to add to their rental portfolio. Situated in desirable Flood Zone X, this property has plenty of upside and is waiting for your vision and updates.

17. 2008-04-11
    soldstatus $20,000
18. 2008-02-29
    listed $14,000
19. 2008-02-29
    listed $14,000
20. 2007-07-17
    soldstatus $25,000
21. 2007-05-18
    listed $22,000
22. 2007-05-18
    listed $22,000

ⓘ 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: $1,117 · $93/mo
• Projected year-2 tax: $1,117 · $93/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 3/10 Moderate
• 🌡 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,502
• − Mortgage interest: −$4,476
• − Property taxes: −$1,117
• − Insurance: −$1,197
• − Repairs & maintenance: −$1,400
• − Management: −$1,400
• − Depreciation: −$2,324
• Taxable income: $5,587
• Est. tax owed @ 24.0%: −$1,341
• After-tax cash flow: $5,143/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

+263.2% since first listed

8 events — show timeline

• 2026-05-28 Listed $79,900 GSREIN
• 2026-05-28 Listed $79,900 AcadianaMLS
• 2008-04-11 Sold (MLS) $20,000 GSREIN
• 2008-02-29 Listed $14,000 GSREIN
• 2008-02-29 Listed $14,000 AcadianaMLS
• 2007-07-17 Sold (MLS) $25,000 GSREIN
• 2007-05-18 Listed $22,000 AcadianaMLS
• 2007-05-18 Listed $22,000 GSREIN

Property tax history

+1.1%/yr

Latest (2024): $1,117 · +8.5% YoY. Source: county tax records.