4859 Coronado Dr · New Orleans, LA 70127

$185,000

3 bd · 2.0 ba · 1,755 sqft · SingleFamily public records · 266 Days on market

Built 1960 5,488 sqft lot $105/sqft · 13% below area Est $213k · 13% under

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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 +22.3/30.0
• ARV discount +13.5/15.0
• DSCR +7.2/10.0
• 1% rule +4.6/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3% Closing Cost Assistance.....$60,000 in Orleans Soft Second bond funds....Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

Key facts

• Attached garage
• Brand new roof
• Covered carport

Tags

• OVERSIZED PRIMARY SUITE
• COZY FORMAL LIVING
• SPACIOUS DEN
• ATTACHED GARAGE
• COVERED CARPORT
• BRAND NEW ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (3.5% below list).
• Recommended offer: $163k (12.0% 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.
• Market conditions: 128 active listings in the ZIP; 10 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).
• At $1,785/mo this rent would consume 53% of the median local household income ($41k/yr) (locally 2030% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 266 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $22k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $185k implies a 263% 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 $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 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 1960 — 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: 0.96% ✗
• Cap rate: 8.28%
• Cash-on-cash: 7.08%
• DSCR: 1.32
• GRM: 8.6

CMA / ARV

• ARV (median comp): $213,261
• List price: $185,000
• Delta: -13.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4718 Hauck Dr	0.10mi	3/2.0	1,748 (-0%)	5mo	$234,000	$134	91
4912 Corinne St	0.17mi	3/2.0	1,788 (+2%)	5mo	$199,000	$111	85
5040 Good Dr	0.23mi	3/2.0	1,867 (+6%)	3mo	$193,500	$104	76
4844 Sierra Madre Dr	0.07mi	3/2.0	1,518 (-14%)	2mo	$195,000	$128	73
10101 Dreux Ave	0.31mi	3/2.0	1,633 (-7%)	3mo	$206,000	$126	72
4811 Perelli Dr	0.47mi	3/2.0	1,730 (-1%)	6mo	$200,000	$116	71
4958 Sandalwood St	0.41mi	4/2.0 (+1)	1,691 (-4%)	5mo	$285,000	$169	66
4921 Nighthart St	0.40mi	3/1.0	1,599 (-9%)	2mo	$65,000	$41	61
11101 Woodvine Ln	0.60mi	3/2.0	1,615 (-8%)	2mo	$207,000	$128	57
4901 Friar Tuck Dr	0.70mi	3/3.0	1,799 (+2%)	3mo	$215,000	$120	57
5011 Blue Ash Dr	0.63mi	3/2.0	1,900 (+8%)	0mo	$225,000	$118	57
4711 Eunice St	0.72mi	3/2.0	1,665 (-5%)	8mo	$219,000	$132	51

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: -7.7%
• Equity multiple: 0.71×
• Total profit: $-14,775
• Equity at exit: $27,584

10-year hold

• IRR: 1.8%
• Equity multiple: 1.13×
• Total profit: $6,602
• Equity at exit: $15,995

Cash invested: $51,800 (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

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70127

• Home prices YoY: -29.2%
• Active inventory: 128
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,785 high
• Mortgage (P&I): −$970
• Tax from tax record: −$57 /mo · $687/yr
• Insurance: −$77
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $239

Break-even live

Break-even rent $1,482

Max offer price $185,000

Occupancy floor 82%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5000 Cardenas Dr New Orleans, LA	3.0	2.0	1800	$1,920	$1.07	24d	1	0.15mi
5131 Bundy Rd New Orleans, LA	1.0–3.0	1.0–2.0	1000	$1,314	$1.31	2d	21	0.83mi
5754 Louis Prima Dr E New Orleans, LA	3.0	2.5	2069	$2,195	$1.06	24d	1	1.04mi
11040 Roger Dr Unit C New Orleans, LA	2.0	2.5	1505	$1,500	$1.00	24d	1	1.25mi
10951 Roger Dr Unit B New Orleans, LA	3.0	2.5	2048	$1,850	$0.90	24d	1	1.26mi
9042 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,450	$1.04	16d	1	1.48mi
9040 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,450	$1.04	16d	1	1.48mi
6937 Barrington Ct New Orleans, LA	3.0	2.5	1306	$1,800	$1.38	24d	1	1.48mi
9022 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,400	$1.00	24d	1	1.49mi
9020 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,400	$1.00	24d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $185,000 Active 266 DOM
2. 2026-06-17
   days on market $185,000 Active 265 DOM
3. 2026-06-16
   days on market $185,000 Active 264 DOM
4. 2026-06-15
   days on market $185,000 Active 263 DOM
5. 2026-06-13
   statusdays on market $185,000 Active 261 DOM
6. 2026-06-02
   status $185,000 Pending 259 DOM
7. 2026-06-01
   days on market $185,000 Active 259 DOM
8. 2026-05-31
   days on market $185,000 Active 258 DOM
9. 2026-03-10
   status Active 594-char remark

   Show marketing remark (599 chars)

   3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

10. 2026-03-10
    price $185,000 594-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

11. 2026-03-10
    status Active 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

12. 2026-03-10
    price $185,000 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

13. 2026-03-07
    historical 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

14. 2026-01-30
    price $189,900 594-char remark

    Show marketing remark (594 chars)

    3% Closing Cost Assistance.....$60,000 in Orleans Soft Second bond funds....Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

15. 2026-01-27
    price $189,900 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

16. 2025-10-16
    price $199,900 594-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

17. 2025-10-16
    price $199,900 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

18. 2025-09-12
    listed $207,000 Active 594-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

19. 2025-09-12
    listed $207,000 Active 599-char remark

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

20. 2025-09-12
    listed $207,000 Active

    Show marketing remark (599 chars)

    3% Closing Cost Assistance. .. .. $60,000 in Orleans Soft Second bond funds. .. .Beautifully maintained home nestled in a desirable, well-established subdivision! This charming 3-bedroom, 2-bath residence features an oversized primary suite, inviting formal living and dining rooms, and a spacious den for entertaining or just relaxing at home. Enjoy the convenience of an attached 1-car garage plus a covered carport for ample parking. Recent updates include a brand-new roof (2025) and a whole-house generator for comfort and peace of mind. This home makes homeownership more affordable than ever!

21. 1977-09-06
    soldstatus $51,000

ⓘ 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: $687 · $57/mo
• Projected year-2 tax: $1,017 · $85/mo
• Expected delta: +$330/yr (+$28/mo · 48.1%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,422
• − Mortgage interest: −$10,363
• − Property taxes: −$687
• − Insurance: −$1,722
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$5,382
• Taxable loss: −$160
• Est. tax savings @ 24.0%: +$38
• After-tax cash flow: $2,910/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): 23,107
• Household income: $40,765
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2030.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 4% White 2%
• Common ancestry: Lithuanian 1% Hispanic 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -72.43%
• Current HPI: 175.4465
• 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

+262.7% since first listed

13 events — show timeline

• 2026-03-10 Relisted — AcadianaMLS
• 2026-03-10 Price Changed $185,000 AcadianaMLS
• 2026-03-10 Relisted — GSREIN
• 2026-03-10 Price Changed $185,000 GSREIN
• 2026-03-07 Listing Removed — GSREIN
• 2026-01-30 Price Changed $189,900 AcadianaMLS
• 2026-01-27 Price Changed $189,900 GSREIN
• 2025-10-16 Price Changed $199,900 AcadianaMLS
• 2025-10-16 Price Changed $199,900 GSREIN
• 2025-09-12 Listed $207,000 AcadianaMLS
• 2025-09-12 Listed $207,000 GSREIN
• 2025-09-12 Listed $207,000 AcadianaMLS
• 1977-09-06 Sold (Public Records) $51,000 Public Records

Property tax history

-0.7%/yr

Latest (2026): $687 · +1.0% YoY. Source: county tax records.