1363 Terry St · New Orleans, LA 70114

$155,000

3 bd · 2.0 ba · 1,134 sqft · SingleFamily public records · 110 Days on market

Built 1961 5,000 sqft lot $137/sqft · at area comps Est $149k · at est.

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Why this score? — see what drove the C- 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 +22.4/30.0
• DSCR +7.2/10.0
• ARV discount +5.8/15.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom brick home full of character and opportunity! This well-maintained property showcases beautiful ceramic tile flooring throughout that adds warmth and timeless appeal. The inviting covered front porch and spacious covered carport provide comfort and convenient off-street parking. Inside, you’ll find a bright living area filled with natural light, along with a dedicated dining/breakfast nook area just off the kitchen — perfect for everyday meals or gathering with family and friends. The large backyard offers plenty of space for entertaining, gardening, or creating your own outdoor retreat. Move-in ready as-is or elevate it with light updates to truly make it your own — this home offers flexibility and lasting value. Schedule your private showing today!

Key facts

• Covered front porch
• Bright living area
• Covered carport

Tags

• CERAMIC TILE FLOORING
• COVERED FRONT PORCH
• COVERED CARPORT
• BRIGHT LIVING AREA
• DEDICATED DINING NOOK
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $141k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.4% in New Orleans — 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 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
• Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Benjamin Franklin Elem. Math And Science (math 12% / reading 23%, grade F, #479 of 646 statewide, top 75%, 747 students, 98% FRL, charter) — zoned schools average 98% FRL vs 68% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.7%/yr); 265 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• This rent runs 44% of the median local income ($43k/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 $5k of value loss. Plan a longer hold.
• Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y 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 $155k implies a 675% 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 $141,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.02% ✓
• Cap rate: 8.30%
• Cash-on-cash: 7.15%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (median comp): $149,371
• List price: $155,000
• Delta: 3.77%
• 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
1220 Terry St	0.14mi	3/2.0	1,134 (0%)	9mo	$55,000	$49	86
3308 Lamarque St	0.16mi	2/1.0 (-1)	1,128 (-0%)	10mo	$42,453	$38	74
1416 Pace Blvd	0.48mi	3/1.0	1,118 (-1%)	1mo	$140,000	$125	70
1240 Merrill St	0.42mi	3/1.0	1,192 (+5%)	9mo	$150,000	$126	61
1408 General Collins Ave	0.31mi	3/2.0	1,277 (+13%)	5mo	$152,000	$119	60
1600 Tropic Dr	0.53mi	3/1.5	1,226 (+8%)	3mo	$155,000	$126	57
1148 Southlawn Blvd	0.44mi	3/1.5	1,013 (-11%)	4mo	$137,700	$136	57
1522 Tita St	0.26mi	3/1.0	1,050 (-7%)	21mo	$125,000	$119	54
1121 Southlawn Blvd	0.50mi	3/2.0	1,288 (+14%)	1mo	$145,000	$113	54
1100 Southlawn Blvd	0.51mi	3/2.0	1,300 (+15%)	1mo	$183,000	$141	51
1518 Elizardi Blvd	0.43mi	2/1.0 (-1)	1,270 (+12%)	3mo	$56,000	$44	49
3410 Wall Blvd	0.41mi	2/2.0 (-1)	1,280 (+13%)	20mo	$78,000	$61	38

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: -11.4%
• Equity multiple: 0.60×
• Total profit: $-17,482
• Equity at exit: $23,111

10-year hold

• IRR: -7.2%
• Equity multiple: 0.60×
• Total profit: $-17,270
• Equity at exit: $13,402

Cash invested: $43,400 (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 70114

• Rents YoY: -0.7%
• Active inventory: 265
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,578 high
• Mortgage (P&I): −$813
• Tax from tax record: −$110 /mo · $1,324/yr
• Insurance: −$65
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $192

Break-even live

Break-even rent $1,334

Max offer price $155,000

Occupancy floor 83%

Sensitivity live

Price	-10% $280	-5% $236	+0% $192	+5% $148	+10% $105
Rent	-10% $68	-5% $130	+0% $192	+5% $255	+10% $317
Rate	-1.0pp $270	-0.5pp $232	base $192	+0.5pp $152	+1.0pp $111

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1313 Flanders St New Orleans, LA	2.0	1.0	900	$1,295	$1.44	22d	1	0.12mi
1227 Flanders St New Orleans, LA	2.0	1.0	900	$1,000	$1.11	25d	1	0.16mi
3102 Lawrence St New Orleans, LA	2.0	1.0	950	$1,500	$1.58	25d	1	0.27mi
735 Lees Ln Unit 2 New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	25d	1	0.28mi
1565 Murl St Unit B New Orleans, LA	2.0	2.0	1100	$1,100	$1.00	25d	1	0.35mi
1622 Jo Ann Pl New Orleans, LA	3.0	1.5	1301	$1,500	$1.15	4d	1	0.42mi
1200 Southlawn Blvd New Orleans, LA	3.0	2.0	950	$1,725	$1.82	25d	1	0.43mi
3000 Americus St New Orleans, LA	3.0	2.0	1280	$1,400	$1.09	25d	1	0.48mi
1719 Pace Blvd New Orleans, LA	3.0	1.0	1178	$2,000	$1.70	13d	1	0.64mi
2002 Pace Blvd Unit 103 New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	16d	1	0.73mi
1945 Pace Blvd Unit 104 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	25d	1	0.74mi
1945 Pace Blvd Apt 101 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	12d	1	0.75mi
1625 Lauradale Dr New Orleans, LA	3.0	2.0	1029	$1,700	$1.65	5d	1	0.85mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	5d	1	0.96mi
1812 River Oaks Dr New Orleans, LA	3.0	1.0	1148	$1,700	$1.48	5d	1	0.96mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	16d	1	1.01mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	4d	1	1.01mi
1421 Numa St Unit 1421 New Orleans, LA	3.0	2.0	861	$1,400	$1.63	25d	1	1.02mi
2243 Kraft Pl New Orleans, LA	2.0	1.0	865	$1,200	$1.39	25d	1	1.05mi
1418 Behrman Ave New Orleans, LA	2.0	1.0	876	$1,400	$1.60	18d	1	1.07mi
3725 Macarthur Blvd Unit 2A New Orleans, LA	2.0	2.0	1200	$2,750	$2.29	21d	1	1.08mi
438 Friscoville Ave Arabi, LA	3.0	2.0	1500	$3,200	$2.13	4d	1	1.11mi
5434 Chartres St New Orleans, LA	2.0	1.0	800	$1,150	$1.44	25d	1	1.12mi
1510 Sumner St New Orleans, LA	2.0	1.0	950	$1,474	$1.55	18d	1	1.14mi
1108 Sumner St New Orleans, LA	3.0	1.5	1197	$1,500	$1.25	13d	1	1.14mi
6530 Royal St Arabi, LA	2.0	2.0	860	$1,550	$1.80	45d	1	1.17mi
6019 Royal St New Orleans, LA	2.0	1.0	790	$1,200	$1.52	25d	1	1.17mi
716 Delery St Unit 716 New Orleans, LA	2.0	1.0	900	$1,200	$1.33	25d	1	1.19mi
701 Behrman Ave New Orleans, LA	3.0	2.0	1368	$2,300	$1.68	5d	1	1.21mi
6608 Dauphine St Arabi, LA	2.0	1.0	989	$1,395	$1.41	12d	1	1.24mi
6608 Dauphine St Unit 6608 Arabi, LA	2.0	1.0	989	$1,325	$1.34	5d	1	1.24mi
616 Lebeau St Unit A Arabi, LA	2.0	1.0	1205	$1,650	$1.37	45d	1	1.24mi
617 Forstall St New Orleans, LA	3.0	2.0	1262	$2,200	$1.74	5d	1	1.24mi
619 Reynes St New Orleans, LA	3.0	2.0	1318	$2,100	$1.59	18d	1	1.27mi
505 Center St Unit A Arabi, LA	3.0	1.0	811	$1,300	$1.60	45d	1	1.30mi
5450 Burgundy St New Orleans, LA	2.0	1.0	1474	$1,250	$0.85	25d	1	1.32mi
601 Huntlee Dr New Orleans, LA	3.0	1.0	874	$1,450	$1.66	25d	1	1.33mi
906 Flood St New Orleans, LA	3.0	3.0	1174	$1,700	$1.45	4d	1	1.34mi
6038 N Rampart St New Orleans, LA	3.0	2.0	1080	$1,795	$1.66	25d	1	1.35mi
713 Community St Arabi, LA	2.0	1.0	850	$1,200	$1.41	5d	1	1.35mi

Listing history 21 events

1. 2026-06-21
   days on market $155,000 Active 110 DOM
2. 2026-06-18
   days on market $155,000 Active 107 DOM
3. 2026-06-17
   days on market $155,000 Active 106 DOM
4. 2026-06-16
   days on market $155,000 Active 105 DOM
5. 2026-06-15
   days on market $155,000 Active 104 DOM
6. 2026-06-13
   days on market $155,000 Active 102 DOM
7. 2026-06-10
   days on market $155,000 Active 99 DOM
8. 2026-06-09
   days on market $155,000 Active 98 DOM
9. 2026-06-08
   days on market $155,000 Active 97 DOM
10. 2026-06-07
    days on market $155,000 Active 96 DOM
11. 2026-06-05
    days on market $155,000 Active 93 DOM
12. 2026-06-03
    days on market $155,000 Active 92 DOM
13. 2026-06-02
    days on market $155,000 Active 91 DOM
14. 2026-06-01
    days on market $155,000 Active 90 DOM
15. 2026-05-31
    days on market $155,000 Active 89 DOM
16. 2026-03-03
    listed $155,000 Active 797-char remark

    Show marketing remark (781 chars)

    Charming 3-bedroom brick home full of character and opportunity! This well-maintained property showcases beautiful ceramic tile flooring throughout that adds warmth and timeless appeal. The inviting covered front porch and spacious covered carport provide comfort and convenient off-street parking. Inside, you'll find a bright living area filled with natural light, along with a dedicated dining/breakfast nook area just off the kitchen -- perfect for everyday meals or gathering with family and friends. The large backyard offers plenty of space for entertaining, gardening, or creating your own outdoor retreat. Move-in ready as-is or elevate it with light updates to truly make it your own -- this home offers flexibility and lasting value. Schedule your private showing today!

17. 2026-03-03
    listed $155,000 Active 781-char remark

    Show marketing remark (781 chars)

    Charming 3-bedroom brick home full of character and opportunity! This well-maintained property showcases beautiful ceramic tile flooring throughout that adds warmth and timeless appeal. The inviting covered front porch and spacious covered carport provide comfort and convenient off-street parking. Inside, you'll find a bright living area filled with natural light, along with a dedicated dining/breakfast nook area just off the kitchen -- perfect for everyday meals or gathering with family and friends. The large backyard offers plenty of space for entertaining, gardening, or creating your own outdoor retreat. Move-in ready as-is or elevate it with light updates to truly make it your own -- this home offers flexibility and lasting value. Schedule your private showing today!

18. 2012-07-19
    soldstatus $20,000
19. 2011-12-21
    listed $24,900
20. 2011-12-21
    listed $24,900
21. 2011-07-14
    soldstatus $35,000

ⓘ 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: $1,324 · $110/mo
• Projected year-2 tax: $1,324 · $110/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 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,934
• − Mortgage interest: −$8,682
• − Property taxes: −$1,324
• − Insurance: −$1,572
• − Repairs & maintenance: −$1,515
• − Management: −$1,515
• − Depreciation: −$4,509
• Taxable loss: −$184
• Est. tax savings @ 24.0%: +$44
• After-tax cash flow: $2,351/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: Orleans Parish
• NCES district ID: 2201170
• Math proficiency: 11% ▼ -52.00%
• Reading proficiency: 27% ▼ -46.00%
• Median HH income: $37,011
• Composite: 15.78/100
• National rank: #9271
• State rank: #69 of 98 in LA

Livability — New Orleans

• Score: 81/100
• State rank: #3
• US rank: #1383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Orleans, LA
• County: Orleans Parish · 338,817 people
• City population: 338,817
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,659
• Household income: $43,493
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2240.0

Population outlook (Orleans County) Hauer SSP2

• Today (2025): 513,025 people
• By 2030: 575,781 · +12.2%
• By 2040: 700,174 · +36.5%
• By 2050: 826,541 · +61.1%
• By 2075: 1,123,374 · +119.0%
• By 2100: 1,355,609 · +164.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Orleans

• 2024 margin: Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
• 2008→2024 swing: +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
• All cycles: 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.56%
• Current HPI: 149.0172
• Rent YoY: ▼ -0.72%
• 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

+342.9% since first listed

6 events — show timeline

• 2026-03-03 Listed $155,000 AcadianaMLS
• 2026-03-03 Listed $155,000 GSREIN
• 2012-07-19 Sold (MLS) $20,000 GSREIN
• 2011-12-21 Listed $24,900 AcadianaMLS
• 2011-12-21 Listed $24,900 GSREIN
• 2011-07-14 Sold (Public Records) $35,000 Public Records

Property tax history

-0.2%/yr

Latest (2026): $1,324 · +0.0% YoY. Source: county tax records.