1924 Iowa Ave · Kenner, LA 70062

$230,000

3 bd · 2.0 ba · 1,445 sqft · SingleFamily · 263 Days on market

Built 2006 $159/sqft · at area comps Est $241k · at est.

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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 +12.7/30.0
• ARV discount +9.5/15.0
• Livability +3.9/5.0
• DSCR +3.8/10.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

Key facts

• Spacious backyard
• Wooden front porch
• Granite countertops

Tags

• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• BUILT IN BEVERAGE COOLER
• WOODEN FRONT PORCH
• TREE SHADED FRONT LAWN
• SPACIOUS BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-27 ($-322/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (22.3% below list).
• Recommended offer: $179k (22.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#6 in LA, #2,414 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime D.
• 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: 91 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 42% of the median local income ($51k/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.

Negotiation context

• It's been on market 263 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; list at $230k implies a 53% gain — meaningful room to come down on a strong offer.

Recommended offer $178,633 (22.3% 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. It's been on market 263 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
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. Crime grade is D 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: 0.78% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.50%
• DSCR: 0.98
• GRM: 10.7

CMA / ARV

• ARV (median comp): $240,866
• List price: $230,000
• Delta: -4.51%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2209 Maine Ave	0.38mi	3/2.0	1,502 (+4%)	1mo	$285,000	$190	75
1512 Massachusetts Ave	0.34mi	3/2.0	1,344 (-7%)	2mo	$238,000	$177	71
1804 Massachusetts Ave	0.39mi	3/1.0	1,405 (-3%)	6mo	$199,000	$142	68
1928 Kentucky Ave	0.12mi	3/2.0	1,630 (+13%)	8mo	$61,000	$37	67
1204 N Cumberland St	0.70mi	4/2.0 (+1)	1,490 (+3%)	1mo	$270,000	$181	56
1117 Taylor St	0.68mi	3/2.0	1,575 (+9%)	0mo	$110,020	$70	53
904 N Sibley St	0.49mi	2/1.0 (-1)	1,333 (-8%)	5mo	$259,000	$194	52
1412 Clay St	0.43mi	3/2.0	1,642 (+14%)	7mo	$310,000	$189	52
1701 Missouri Ave	0.65mi	3/2.0	1,300 (-10%)	6mo	$240,000	$185	48
1700 Michigan Ave	0.42mi	4/2.0 (+1)	1,260 (-13%)	8mo	$265,000	$210	47
2417 Maine Ave	0.64mi	3/2.5	1,611 (+12%)	7mo	$220,000	$137	43
220 Grove Ave	0.72mi	4/2.0 (+1)	1,250 (-14%)	2mo	$243,000	$194	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.39×
• Total profit: $-39,047
• Equity at exit: $34,294

10-year hold

• IRR: -9.2%
• Equity multiple: 0.43×
• Total profit: $-36,473
• Equity at exit: $19,886

Cash invested: $64,400 (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 70062

• Active inventory: 91
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,786 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$136 /mo · $1,633/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-27

Break-even live

Break-even rent $1,820

Max offer price $225,254

Occupancy floor 96%

Sensitivity live

Price	-10% $103	-5% $38	+0% $-27	+5% $-92	+10% $-157
Rent	-10% $-168	-5% $-97	+0% $-27	+5% $44	+10% $114
Rate	-1.0pp $89	-0.5pp $32	base $-27	+0.5pp $-86	+1.0pp $-147

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1711 Moisant St Kenner, LA	2.0	1.0	1097	$1,575	$1.44	5d	1	0.21mi
1001 Maine Ave Kenner, LA	2.0	1.0	985	$1,600	$1.62	45d	1	0.27mi
1108 Maryland Ave Kenner, LA	3.0	1.0	1050	$2,050	$1.95	15d	1	0.28mi
1712 Michigan Ave Kenner, LA	3.0	1.0	1068	$1,900	$1.78	45d	1	0.47mi
1300 Webster St Kenner, LA	3.0	2.0	1200	$1,700	$1.42	25d	1	0.48mi
1300 Webster St Kenner, LA	3.0	2.0	1200	$1,700	$1.42	45d	1	0.48mi
1001 Minnesota Ave Kenner, LA	3.0	2.0	1800	$2,100	$1.17	45d	1	0.49mi
2127 Connecticut Ave Unit A Kenner, LA	3.0	2.0	1310	$2,000	$1.53	45d	1	0.54mi
413 Maryland Ave Metairie, LA	3.0	2.0	1330	$1,400	$1.05	25d	1	0.60mi
2013 Minnesota Ave Kenner, LA	4.0	2.0	1300	$2,000	$1.54	22d	1	0.60mi
2463 Idaho Ave Kenner, LA	2.0	1.5	1200	$1,550	$1.29	25d	1	0.68mi
1217 N Cumberland St Metairie, LA	3.0	1.0	1022	$2,100	$2.05	5d	1	0.76mi
929 Compromise St Kenner, LA	2.0	1.0	1500	$1,400	$0.93	25d	1	0.76mi
927 Compromise St Unit A Kenner, LA	2.0	1.0	1300	$1,100	$0.85	25d	1	0.76mi
8817 25th St Metairie, LA	3.0	1.0	1390	$2,100	$1.51	5d	1	0.88mi
1709 N Atlanta St Metairie, LA	3.0	1.5	1007	$1,800	$1.79	15d	1	0.91mi
808 Cynthia Ave Metairie, LA	3.0	2.0	1500	$2,100	$1.40	15d	1	0.95mi
216 Trudeau Dr Metairie, LA	4.0	3.0	1825	$2,800	$1.53	5d	1	1.04mi
621 S Bengal Rd Metairie, LA	3.0	2.0	900	$1,600	$1.78	4d	1	1.07mi
512 N Howard Ave Metairie, LA	2.0	1.0	1000	$1,650	$1.65	5d	1	1.11mi
2606 Longwood Dr Metairie, LA	3.0	2.0	1200	$2,000	$1.67	25d	1	1.29mi
1916 4th St Kenner, LA	2.0	2.0	1000	$1,200	$1.20	15d	1	1.29mi
705 N Lester Ave Metairie, LA	3.0	2.0	1334	$2,100	$1.57	45d	1	1.31mi
2921 Indiana Ave Unit 3 Kenner, LA	2.0	1.5	1300	$1,395	$1.07	4d	1	1.32mi
2611 Augusta St Kenner, LA	3.0	2.0	1300	$1,900	$1.46	45d	1	1.33mi
2714 Tifton St Kenner, LA	3.0	2.0	1275	$1,800	$1.41	45d	1	1.34mi
2700 Helena St Kenner, LA	3.0	1.5	1355	$1,700	$1.25	45d	1	1.36mi
310 N Wilson St Metairie, LA	2.0	1.0	900	$1,175	$1.31	25d	1	1.36mi
2609 Dawson Ave Kenner, LA	3.0	2.0	1300	$1,600	$1.23	45d	1	1.37mi
2710 Helena St Kenner, LA	3.0	1.5	1400	$1,200	$0.86	15d	1	1.37mi
2916 Maine Ave Unit A Kenner, LA	2.0	1.5	975	$1,200	$1.23	25d	1	1.37mi
2723 Tifton Ave Kenner, LA	3.0	2.0	1200	$1,800	$1.50	25d	1	1.38mi
606 N Wilson St Metairie, LA	3.0	1.5	1200	$1,800	$1.50	45d	1	1.38mi
6908 Christine St Metairie, LA	3.0	2.0	1550	$2,000	$1.29	15d	1	1.43mi
6908 Christine St Metairie, LA	3.0	2.0	1550	$2,100	$1.35	25d	1	1.43mi
3101 Kansas Ave Kenner, LA	3.0	2.0	1500	$2,000	$1.33	15d	1	1.47mi

Listing history 16 events

1. 2026-06-01
   days on market $230,000 Active 263 DOM
2. 2026-05-31
   days on market $230,000 Active 262 DOM
3. 2026-02-13
   price $230,000 604-char remark

   Show marketing remark (604 chars)

   Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

4. 2026-02-13
   price $230,000 604-char remark

   Show marketing remark (604 chars)

   Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

5. 2025-09-11
   listed $245,000 Active 604-char remark

   Show marketing remark (604 chars)

   Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

6. 2025-09-11
   listed $245,000 Active 604-char remark

   Show marketing remark (604 chars)

   Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

7. 2025-09-11
   listed $245,000 Active

   Show marketing remark (604 chars)

   Charming 3-Bedroom, 2-Bath Home in the Heart of Kenner! Welcome to this 3-bedroom, 2-bath home ideally located in the heart of Kenner. Just minutes from major highways, interstates, shopping centers, restaurants, and parks, this home offers both convenience and comfort. The kitchen features granite countertops, stainless steel appliances, and your own built in beverage cooler. Enjoy your morning coffee on the charming wooden front porch while taking in the view of the tree-shaded front lawn. The spacious backyard includes a handy storage shed, a place for all your tools, hobbies, or extra storage.

8. 2014-07-01
   soldstatus $150,000
9. 2014-06-27
   soldstatus $150,000
10. 2013-10-28
    listed $169,000
11. 2013-10-28
    listed $169,000
12. 2006-04-27
    soldstatus $88,000
13. 2006-04-26
    soldstatus $88,000
14. 2005-07-27
    listed $77,500
15. 2005-07-27
    listed $77,500
16. 2003-02-01
    soldstatus

ⓘ 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: $1,633 · $136/mo
• Projected year-2 tax: $1,633 · $136/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: $21,436
• − Mortgage interest: −$12,884
• − Property taxes: −$1,633
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,715
• − Management: −$1,715
• − Depreciation: −$6,691
• Taxable loss: −$4,351
• Est. tax savings @ 24.0%: +$1,044
• After-tax cash flow: $722/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 — Kenner

• Score: 78/100
• State rank: #6
• US rank: #2414

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenner, LA
• County: Jefferson Parish · 426,999 people
• City population: 66,707
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 17,771
• Household income: $51,477
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 1082.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 37% Black 29% White 27% Two or more races 17% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 6% Cuban 2% Dominican 2%
• Common ancestry: Lithuanian 5%
• Foreign-born: 22% · Canada
• Languages at home: 66% English-only · Spanish 32% Other Indo-European 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: ▼ -108.55%
• Current HPI: 105.3411
• Rent YoY: —
• 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

+196.8% since first listed

14 events — show timeline

• 2026-02-13 Price Changed $230,000 AcadianaMLS
• 2026-02-13 Price Changed $230,000 GSREIN
• 2025-09-11 Listed $245,000 AcadianaMLS
• 2025-09-11 Listed $245,000 GSREIN
• 2025-09-11 Listed $245,000 AcadianaMLS
• 2014-07-01 Sold (Public Records) $150,000 Public Records
• 2014-06-27 Sold (MLS) $150,000 GSREIN
• 2013-10-28 Listed $169,000 AcadianaMLS
• 2013-10-28 Listed $169,000 GSREIN
• 2006-04-27 Sold (Public Records) $88,000 Public Records
• 2006-04-26 Sold (MLS) $88,000 GSREIN
• 2005-07-27 Listed $77,500 GSREIN
• 2005-07-27 Listed $77,500 AcadianaMLS
• 2003-02-01 Sold (Public Records) — Public Records

Property tax history

+7.4%/yr

Latest (2025): $1,633 · -0.4% YoY. Source: county tax records.