Multi-family
2500 Clara St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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).
- Appreciation +10.0/10.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Cash flow +1.3/30.0
- 1% rule +0.0/10.0
- DSCR +0.0/10.0
- ARV discount +0.0/15.0
$335,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records
Listing remarks MLS
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
Key facts
- 5,662 sq ft lot
- Built 1954
- Listed 192 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath multifamily listed at $335k.
Deal economics
- At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
- To cash-flow at today's rent, offer at most $127k (62.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (58.8% below list).
- Recommended offer: $127k (62.1% below list) — sets the bar for cash-flow.
- Cap rate 1.5% vs local median 4.4% in New Orleans — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
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.
- Market conditions: Rents rising fast (+6.0%/yr); 137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 42% of the median local income ($39k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 192 days — a 12% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 16y ago; this cycle's ask has dropped $40k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 192 days. Have you received any prior offers? Is the seller open to a 62% concession, seller financing, or rate buy-down credit?
- Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.41% ✗
- Cap rate
- 1.51%
- Cash-on-cash
- -17.08%
- DSCR
- 0.24
- GRM
- 20.2
CMA / ARV
- ARV (median comp)
- $247,837
- List price
- $335,000
- Delta
- 35.17%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
10.0% appreciation · 5.98% rent growth · sell at horizon
- IRR
- 12.4%
- Equity multiple
- 2.04×
- Total profit
- $97,577
- Equity at exit
- $301,795
- IRR
- 13.3%
- Equity multiple
- 4.92×
- Total profit
- $367,550
- Equity at exit
- $650,831
Cash invested: $93,800 (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
ZIP-level market 70113
- Rents YoY
- 6.0%
- Active inventory
- 137
- Price-to-rent
- 20.2×
Monthly cashflow live
- Estimated rent
- $1,380 high interval (Pro) →
- Mortgage (P&I)
- −$1,757
- Tax from tax record
- −$529 /mo · $6,344/yr
- Insurance
- −$140
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$290
- Net cashflow
- $-1,402
Break-even live
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
- $83,750
- Closing costs
- $10,050
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2809 First St Unit C New Orleans, LA | 1.0 | 1.0 | 680 | $1,050 | $1.54 | 14d | 1 | 0.09mi |
| 2213 Clara St New Orleans, LA | 1.0 | 1.0 | 750 | $900 | $1.20 | 11d | 1 | 0.15mi |
| 2429 Freret St New Orleans, LA | 2.0 | 1.0 | 725 | $1,300 | $1.79 | 3d | 1 | 0.17mi |
| 2503 First St New Orleans, LA | 2.0 | 1.0 | 741 | $1,200 | $1.62 | 3d | 1 | 0.19mi |
| 2503 First St New Orleans, LA | 2.0 | 1.0 | 741 | $1,200 | $1.62 | 2d | 1 | 0.19mi |
| 2628 S Derbigny St New Orleans, LA | 3.0 | 1.0 | 900 | $1,500 | $1.67 | 3d | 1 | 0.23mi |
| 2814 Josephine St Unit B New Orleans, LA | 2.0 | 1.0 | 800 | $1,149 | $1.44 | 23d | 1 | 0.24mi |
| 2818 Saint Andrew St New Orleans, LA | 2.0 | 1.0 | 900 | $1,550 | $1.72 | 23d | 1 | 0.26mi |
| 3204 2nd St New Orleans, LA | 3.0 | 2.0 | 850 | $1,295 | $1.52 | 23d | 1 | 0.30mi |
| 2341 S Roman St Unit U New Orleans, LA | 3.0 | 2.0 | 1000 | $1,850 | $1.85 | 23d | 1 | 0.31mi |
| 2822 Martin L King Bl New Orleans, LA | 1.0 | 1.0 | 715 | $1,190 | $1.66 | 23d | 1 | 0.32mi |
| 2429 Josephine St New Orleans, LA | 1.0 | 1.0 | 600 | $950 | $1.58 | 23d | 1 | 0.34mi |
| 2227 Second St New Orleans, LA | 2.0 | 2.0 | 1100 | $1,900 | $1.73 | 23d | 1 | 0.36mi |
| 2225 2nd St New Orleans, LA | 3.0 | 2.0 | 1100 | $1,800 | $1.64 | 23d | 1 | 0.36mi |
| 2003 Rev John Raphael Jr Way New Orleans, LA | 1.0 | 1.0 | 750 | $1,175 | $1.57 | 23d | 1 | 0.36mi |
| 2001 Reverend John Raphael Junior Way Unit 2003 New Orleans, LA | 1.0 | 1.0 | 750 | $1,175 | $1.57 | 21d | 1 | 0.37mi |
| 2329 Felicity St New Orleans, LA | 1.0 | 1.0 | 717 | $1,175 | $1.64 | 23d | 1 | 0.37mi |
| 2222 Fourth St New Orleans, LA | 2.0 | 1.5 | 937 | $1,550 | $1.65 | 23d | 1 | 0.37mi |
| 2220 4th St New Orleans, LA | 1.0 | 1.0 | 937 | $1,650 | $1.76 | 23d | 1 | 0.38mi |
| 2528 Martin Luther King Junior Blvd New Orleans, LA | 1.0 | 1.0 | 600 | $1,200 | $2.00 | 3d | 1 | 0.39mi |
| 3322 Third St New Orleans, LA | 3.0 | 2.0 | 950 | $1,450 | $1.53 | 23d | 1 | 0.39mi |
| 3013 Louisiana Avenue Pkwy Unit 2 New Orleans, LA | 1.0 | 1.0 | 550 | $1,200 | $2.18 | 23d | 1 | 0.39mi |
| 2013 S Liberty St Apt 202 New Orleans, LA | 2.0 | 1.0 | 750 | $1,075 | $1.43 | 11d | 1 | 0.40mi |
| 2013 S Liberty St Unit 304 New Orleans, LA | 2.0 | 1.0 | 700 | $1,095 | $1.56 | 14d | 1 | 0.40mi |
| 2127 Simon Bolivar Ave New Orleans, LA | 2.0 | 1.0 | 625 | $1,800 | $2.88 | 16d | 1 | 0.41mi |
| 2135 2nd St New Orleans, LA | 1.0 | 1.0 | 580 | $1,200 | $2.07 | 3d | 3 | 0.41mi |
| 1614 Rev John Raphael Jr Way New Orleans, LA | 3.0 | 2.0 | 1000 | $1,500 | $1.50 | 23d | 1 | 0.41mi |
| 1527 Reverend John Raphael Junior Way Unit A New Orleans, LA | 1.0 | 1.0 | 700 | $1,175 | $1.68 | 11d | 1 | 0.42mi |
| 1527 Reverend John Raphael Junior Way Unit A New Orleans, LA | 1.0 | 1.0 | 700 | $1,175 | $1.68 | 3d | 1 | 0.42mi |
| 2620 S Galvez St Apt 2B New Orleans, LA | 3.0 | 1.0 | 1000 | $1,100 | $1.10 | 16d | 1 | 0.46mi |
| 2223 Saint Andrew St New Orleans, LA | 1.0 | 1.0 | 800 | $1,250 | $1.56 | 23d | 1 | 0.46mi |
| 3435 Magnolia St New Orleans, LA | 3.0 | 1.0 | 1050 | $1,500 | $1.43 | 23d | 1 | 0.47mi |
| 3230 Toledano St New Orleans, LA | 3.0 | 2.0 | 950 | $1,750 | $1.84 | 23d | 1 | 0.47mi |
| 2119 Josephine St New Orleans, LA | 3.0 | 1.0 | 1017 | $950 | $0.93 | 21d | 1 | 0.49mi |
| 2808 S Saratoga St New Orleans, LA | 1.0 | 1.0 | 600 | $1,175 | $1.96 | 23d | 1 | 0.50mi |
| 3517 4th St New Orleans, LA | 2.0 | 1.0 | 691 | $1,200 | $1.74 | 23d | 1 | 0.52mi |
| 2515 Erato St Unit 102 New Orleans, LA | 2.0 | 1.0 | 1000 | $2,100 | $2.10 | 21d | 1 | 0.52mi |
| 2605 Danneel St Unit A New Orleans, LA | 2.0 | 1.0 | 830 | $1,350 | $1.63 | 23d | 1 | 0.52mi |
| 2032 Saint Andrew St New Orleans, LA | 3.0 | 2.0 | 1035 | $1,830 | $1.77 | 16d | 1 | 0.54mi |
| 2721 General Taylor St New Orleans, LA | 1.0 | 1.0 | 700 | $1,450 | $2.07 | 23d | 1 | 0.56mi |
Listing history 30 events
-
2026-06-18days on market $335,000 Active 192 DOM
-
2026-06-17days on market $335,000 Active 191 DOM
-
2026-06-16days on market $335,000 Active 190 DOM
-
2026-06-15days on market $335,000 Active 189 DOM
-
2026-06-13pricedays on market $335,000 Active 187 DOM
-
2026-06-10days on market $350,000 Active 184 DOM
-
2026-06-09days on market $350,000 Active 183 DOM
-
2026-06-08days on market $350,000 Active 182 DOM
-
2026-06-07days on market $350,000 Active 181 DOM
-
2026-06-05days on market $350,000 Active 178 DOM
-
2026-06-03days on market $350,000 Active 177 DOM
-
2026-06-02days on market $350,000 Active 176 DOM
-
2026-06-01days on market $350,000 Active 175 DOM
-
2026-05-31days on market $350,000 Active 174 DOM
-
2026-04-14price $350,000 814-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-04-14price $350,000 818-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-03-31status Active 814-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-03-31status Active 818-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-03-11status Pending 814-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-03-11status Pending 818-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-02-13price $360,000 814-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2026-02-13price $360,000 818-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2025-11-17$375,000 Active 814-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2025-11-17$375,000 Active 818-char remark
Show marketing remark (818 chars)
INVESTORS'S SPECIAL!! 4 separate single family houses on one lot! 2514 Clara St. is also listed for sale, which presents an opportunity to potentially acquire 5 rental houses in one location! 2500 Clara St. is currently occupied and cannot be shown prior to sale. Please do not contact occupants. 2508-2012 Clara St. will need some TLC and repairs, however they have all been recently occupied. Sold in As-Is condition. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. A viewing release must be signed by anyone entering the property. Won't last long! Call your agent today to schedule your private showing.
-
2024-11-22soldstatus $466,666
-
2014-04-28$350,000
-
2014-04-28$350,000
-
2010-03-28$435,000
-
2000-02-02soldstatus $10,000
-
1996-06-10soldstatus $10,000
ⓘ 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
- $6,344 · $529/mo
- Projected year-2 tax
- $6,344 · $529/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 · 21 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 · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,557
- − Mortgage interest
- −$18,765
- − Property taxes
- −$6,344
- − Insurance
- −$2,472
- − Repairs & maintenance
- −$1,325
- − Management
- −$1,325
- − Depreciation
- −$9,745
- Taxable loss
- −$23,420
- Est. tax savings @ 24.0%
- +$5,621
- After-tax cash flow
- $-11,197/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
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)
- 9,387
- Household income
- $39,333
- Rent vs Own
- Severe rent burden
- 714.0
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
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 61% White 20% Hispanic / Latino 13% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 2% Portuguese 1% Slovak 1%
- Foreign-born
- 13% · Canada, Vietnam, China
- Languages at home
- 86% English-only · Spanish 11% Other Indo-European 1% Vietnamese 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
- ▲ 65.92%
- Current HPI
- 229.3968
- Rent YoY
- ▲ 5.98%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+3400.0% since first listed16 events — show timeline
- 2026-04-14 Price Changed $350,000 AcadianaMLS
- 2026-04-14 Price Changed $350,000 GSREIN
- 2026-03-31 Relisted — AcadianaMLS
- 2026-03-31 Relisted — GSREIN
- 2026-03-11 Pending — AcadianaMLS
- 2026-03-11 Pending — GSREIN
- 2026-02-13 Price Changed $360,000 AcadianaMLS
- 2026-02-13 Price Changed $360,000 GSREIN
- 2025-11-17 Listed $375,000 GSREIN
- 2025-11-17 Listed $375,000 AcadianaMLS
- 2024-11-22 Sold (Public Records) $466,666 Public Records
- 2014-04-28 Listed $350,000 GSREIN
- 2014-04-28 Listed $350,000 AcadianaMLS
- 2010-03-28 Listed $435,000 GSREIN
- 2000-02-02 Sold (Public Records) $10,000 Public Records
- 1996-06-10 Sold (Public Records) $10,000 Public Records
Property tax history
+17.4%/yrLatest (2026): $6,344 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…