2300 Pine St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X
- 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 4/10 · Minor
- Unhealthy air days now
- 4 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 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).
- ARV discount +15.0/15.0
- Cash flow +12.3/30.0
- Livability +4.0/5.0
- DSCR +3.7/10.0
- 1% rule +3.6/10.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$319,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
Key facts
- Ample natural light
- Easy access
- Functional layout
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.5-bath single-family listed at $320k.
Deal economics
- At list price, monthly cash flow is $-124 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $298k (6.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $275k (14.0% below list).
- Recommended offer: $275k (14.0% below list) — sets the bar for 1% rule.
- Cap rate 6.1% 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 flat; 219 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $2,750/mo this rent would consume 54% of the median local household income ($61k/yr) (locally 1270% 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 $2k of loan paydown is wiped out by about $10k 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 90 days — a 6% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 26y ago; this cycle's ask has dropped $79k (20%) 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 1920 — 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 90 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
- Built in 1920 — 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 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
- 0.86% ✗
- Cap rate
- 6.08%
- Cash-on-cash
- -0.77%
- DSCR
- 0.97
- GRM
- 9.7
CMA / ARV
- ARV (median comp)
- $562,989
- List price
- $319,900
- Delta
- -43.18%
- 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 |
|---|---|---|---|---|---|---|---|
| 2237 Audubon St | 0.17mi | 4/2.5 | 2,230 (+2%) | 6mo | $575,000 | $258 | 83 |
| 7715 Panola St | 0.23mi | 4/3.0 | 2,123 (-2%) | 9mo | $625,000 | $294 | 76 |
| 2026 Pine St | 0.24mi | 4/4.0 | 2,105 (-3%) | 4mo | $425,000 | $202 | 74 |
| 3924 State Street Dr | 0.34mi | 4/3.0 | 2,096 (-4%) | 6mo | $465,000 | $222 | 71 |
| 229 Audubon Blvd | 0.29mi | 4/2.0 | 2,033 (-7%) | 9mo | $455,000 | $224 | 66 |
| 3319 Calhoun St | 0.35mi | 3/2.5 (-1) | 2,019 (-7%) | 2mo | $505,000 | $250 | 65 |
| 7328 Spruce St | 0.30mi | 4/2.0 | 1,908 (-12%) | 3mo | $380,000 | $199 | 60 |
| 3425 Vincennes Pl | 0.45mi | 3/2.0 (-1) | 2,361 (+8%) | 2mo | $432,500 | $183 | 56 |
| 1722 Audubon St | 0.46mi | 4/3.0 | 2,442 (+12%) | 4mo | $440,000 | $180 | 53 |
| 3333 State Street Dr | 0.44mi | 3/2.0 (-1) | 2,382 (+10%) | 5mo | $425,000 | $178 | 53 |
| 2230 S Lopez St | 0.57mi | 4/2.0 | 1,858 (-15%) | 1mo | $415,000 | $223 | 46 |
| 8510 Cohn St | 0.75mi | 3/2.5 (-1) | 1,983 (-9%) | 7mo | $439,000 | $221 | 39 |
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 · 0.73% rent growth · sell at horizon
- IRR
- -21.7%
- Equity multiple
- 0.27×
- Total profit
- $-65,781
- Equity at exit
- $47,698
- IRR
- -22.3%
- Equity multiple
- -0.02×
- Total profit
- $-91,148
- Equity at exit
- $27,659
Cash invested: $89,572 (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 70125
- Home prices YoY
- -16.3%
- Rents YoY
- 0.7%
- Active inventory
- 219
- Price-to-rent
- 9.7×
Monthly cashflow live
- Estimated rent
- $2,750 high interval (Pro) →
- Mortgage (P&I)
- −$1,678
- Tax from tax record
- −$419 /mo · $5,033/yr
- Insurance
- −$133
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$578
- Net cashflow
- $-124
Break-even live
Sensitivity live
| Price | -10% $57 | -5% $-33 | +0% $-124 | +5% $-214 | +10% $-305 |
|---|---|---|---|---|---|
| Rent | -10% $-341 | -5% $-233 | +0% $-124 | +5% $-15 | +10% $93 |
| Rate | -1.0pp $37 | -0.5pp $-43 | base $-124 | +0.5pp $-207 | +1.0pp $-291 |
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
- $79,975
- Closing costs
- $9,597
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2338 Audubon St New Orleans, LA | 3.0 | 2.0 | 1935 | $2,000 | $1.03 | 5d | 1 | 0.13mi |
| 2308 Audubon St New Orleans, LA | 4.0 | 1.5 | 1480 | $3,050 | $2.06 | 18d | 1 | 0.15mi |
| 7325 Sycamore St New Orleans, LA | 4.0 | 3.0 | 2500 | $2,350 | $0.94 | 25d | 1 | 0.16mi |
| 2203 Broadway St New Orleans, LA | 3.0 | 2.0 | 1491 | $3,000 | $2.01 | 23d | 1 | 0.19mi |
| 2201 Broadway St Unit 2 New Orleans, LA | 4.0 | 2.0 | 2000 | $3,000 | $1.50 | 45d | 1 | 0.19mi |
| 2201 Burdette St New Orleans, LA | 3.0 | 1.5 | 1800 | $2,695 | $1.50 | 19d | 1 | 0.21mi |
| 2116 Burdette St New Orleans, LA | 3.0 | 1.0 | 1700 | $1,975 | $1.16 | 5d | 1 | 0.26mi |
| 7909 Sycamore St New Orleans, LA | 3.0 | 2.0 | 2000 | $2,400 | $1.20 | 5d | 1 | 0.28mi |
| 7902 Sycamore St New Orleans, LA | 4.0 | 2.0 | 1991 | $3,200 | $1.61 | 45d | 1 | 0.28mi |
| 2308 Short St New Orleans, LA | 3.0 | 2.0 | 1600 | $2,800 | $1.75 | 5d | 1 | 0.29mi |
| 2014 Lowerline St New Orleans, LA | 3.0 | 1.5 | 1600 | $2,850 | $1.78 | 16d | 1 | 0.29mi |
| 2010 Broadway St New Orleans, LA | 4.0 | 2.0 | 1600 | $2,400 | $1.50 | 25d | 1 | 0.30mi |
| 7933 Belfast St Unit Upper New Orleans, LA | 3.0 | 2.0 | 1500 | $2,400 | $1.60 | 25d | 1 | 0.31mi |
| 2231 S Carrollton Ave Unit D New Orleans, LA | 3.0 | 2.0 | 1600 | $2,495 | $1.56 | 25d | 1 | 0.34mi |
| 2101 S Carrollton Ave New Orleans, LA | 4.0 | 2.0 | 1800 | $2,400 | $1.33 | 25d | 1 | 0.39mi |
| 4117 State Street Dr New Orleans, LA | 3.0 | 1.0 | 1678 | $1,550 | $0.92 | 13d | 1 | 0.39mi |
| 7616 Cohn St Unit A New Orleans, LA | 3.0 | 2.5 | 1492 | $3,300 | $2.21 | 19d | 1 | 0.40mi |
| 2102 S Carrollton Ave New Orleans, LA | 3.0 | 2.0 | 1800 | $2,250 | $1.25 | 13d | 1 | 0.43mi |
| 2102 S Carrollton Ave Unit NA New Orleans, LA | 3.0 | 2.0 | 1800 | $2,250 | $1.25 | 12d | 1 | 0.43mi |
| 1736 Pine St New Orleans, LA | 5.0 | 2.0 | 1494 | $4,500 | $3.01 | 25d | 1 | 0.46mi |
| 3737 Nashville Ave New Orleans, LA | 4.0 | 2.0 | 2000 | $3,400 | $1.70 | 23d | 1 | 0.47mi |
| 3180 State Street Dr New Orleans, LA | 3.0 | 2.0 | 1600 | $1,900 | $1.19 | 12d | 1 | 0.47mi |
| 7922 Colapissa St New Orleans, LA | 4.0 | 2.0 | 1848 | $2,400 | $1.30 | 12d | 1 | 0.49mi |
| 1700 Broadway St New Orleans, LA | 4.0 | 2.0 | 1500 | $3,600 | $2.40 | 19d | 1 | 0.51mi |
| 2251 Cambronne St Unit A New Orleans, LA | 3.0 | 1.5 | 1945 | $2,495 | $1.28 | 25d | 1 | 0.54mi |
| 6326 S Johnson St Unit 1 New Orleans, LA | 5.0 | 2.0 | 2013 | $3,950 | $1.96 | 45d | 1 | 0.55mi |
| 2117 S Lopez St New Orleans, LA | 5.0 | 2.0 | 1920 | $2,000 | $1.04 | 25d | 1 | 0.56mi |
| 5533 S Tonti St New Orleans, LA | 4.0 | 4.0 | 3000 | $3,000 | $1.00 | 16d | 1 | 0.56mi |
| 7329 Birch St New Orleans, LA | 3.0 | 2.0 | 1538 | $2,350 | $1.53 | 23d | 1 | 0.57mi |
| 1609 Broadway St New Orleans, LA | 5.0 | 2.0 | 1776 | $5,000 | $2.82 | 45d | 1 | 0.57mi |
| 1530 Broadway St New Orleans, LA | 3.0 | 2.0 | 1475 | $3,900 | $2.64 | 12d | 2 | 0.60mi |
| 1519 Pine St New Orleans, LA | 5.0 | 3.0 | 3000 | $4,000 | $1.33 | 25d | 1 | 0.61mi |
| 2305 Joliet St New Orleans, LA | 3.0 | 2.0 | 1451 | $2,500 | $1.72 | 45d | 1 | 0.61mi |
| 2824 Calhoun St Unit A New Orleans, LA | 3.0 | 2.0 | 1828 | $3,900 | $2.13 | 45d | 1 | 0.63mi |
| 7701 Jeannette St Unit D New Orleans, LA | 3.0 | 3.0 | 1710 | $2,800 | $1.64 | 45d | 1 | 0.64mi |
| 2838 Palmer Ave New Orleans, LA | 3.0 | 1.5 | 1500 | $2,000 | $1.33 | 19d | 1 | 0.64mi |
| 2834 Palmer Ave New Orleans, LA | 3.0 | 2.0 | 1533 | $2,800 | $1.83 | 19d | 1 | 0.64mi |
| 4400 Elba St New Orleans, LA | 3.0 | 2.0 | 1600 | $1,875 | $1.17 | 25d | 1 | 0.64mi |
| 2832 Palmer Ave Unit Up New Orleans, LA | 4.0 | 2.0 | 1720 | $2,900 | $1.69 | 45d | 1 | 0.65mi |
| 7011 Jeannette St Unit A New Orleans, LA | 5.0 | 3.0 | 2200 | $5,000 | $2.27 | 45d | 1 | 0.65mi |
Listing history 37 events
-
2026-06-21days on market $319,900 Active 90 DOM
-
2026-06-18days on market $319,900 Active 87 DOM
-
2026-06-17days on market $319,900 Active 86 DOM
-
2026-06-16days on market $319,900 Active 85 DOM
-
2026-06-15days on market $319,900 Active 84 DOM
-
2026-06-13days on market $319,900 Active 82 DOM
-
2026-06-10days on market $319,900 Active 79 DOM
-
2026-06-09days on market $319,900 Active 78 DOM
-
2026-06-08days on market $319,900 Active 77 DOM
-
2026-06-07days on market $319,900 Active 76 DOM
-
2026-06-05days on market $319,900 Active 73 DOM
-
2026-06-03days on market $319,900 Active 72 DOM
-
2026-06-02days on market $319,900 Active 71 DOM
-
2026-06-01days on market $319,900 Active 70 DOM
-
2026-05-31days on market $319,900 Active 69 DOM
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2026-05-15price $319,900 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-05-15price $319,900 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-05-05price $323,900 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-05-05price $323,900 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-29price $325,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-28price $325,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-21price $365,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-21price $365,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-07price $375,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-04-07price $375,000 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-03-23$399,000 Active 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
-
2026-03-23$399,000 Active 429-char remark
Show marketing remark (429 chars)
Located in New Orleans, this property at 2300 Pine St offers a functional layout with comfortable living spaces and great potential. The home features a spacious interior with ample natural light and sits on a desirable lot. Conveniently positioned near shopping, dining, and major roadways, it provides easy access to everyday essentials. A great opportunity for homeowners or investors looking for value in a well-located area.
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2006-01-25soldstatus $280,000
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2005-07-18$315,000
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2005-07-18$315,000
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2001-06-15soldstatus $175,000
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2001-06-15soldstatus $175,000
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2001-04-10$174,000
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2001-04-10$174,000
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2001-04-04soldstatus $150,100
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2000-11-20$159,900
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2000-11-20$159,900
ⓘ 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
- $5,033 · $419/mo
- Projected year-2 tax
- $5,033 · $419/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 · 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 4/10 Moderate 4 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
- $33,005
- − Mortgage interest
- −$17,919
- − Property taxes
- −$5,033
- − Insurance
- −$2,397
- − Repairs & maintenance
- −$2,640
- − Management
- −$2,640
- − Depreciation
- −$9,306
- Taxable loss
- −$6,932
- Est. tax savings @ 24.0%
- +$1,664
- After-tax cash flow
- $176/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)
- 17,821
- Household income
- $61,174
- Rent vs Own
- Severe rent burden
- 1270.0
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 0.63)
- Race & ethnicity
- Black 51% White 32% Hispanic / Latino 9% Two or more races 9% Asian 2% Native American 1%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Romanian 1% Slovak 1%
- Foreign-born
- 7% · Canada, China
- Languages at home
- 90% English-only · Spanish 6% French/Haitian/Cajun 1% Chinese 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
- ▼ -49.68%
- Current HPI
- 255.5998
- Rent YoY
- ▲ 0.73%
- 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
+100.1% since first listed22 events — show timeline
- 2026-05-15 Price Changed $319,900 AcadianaMLS
- 2026-05-15 Price Changed $319,900 GSREIN
- 2026-05-05 Price Changed $323,900 AcadianaMLS
- 2026-05-05 Price Changed $323,900 GSREIN
- 2026-04-29 Price Changed $325,000 AcadianaMLS
- 2026-04-28 Price Changed $325,000 GSREIN
- 2026-04-21 Price Changed $365,000 AcadianaMLS
- 2026-04-21 Price Changed $365,000 GSREIN
- 2026-04-07 Price Changed $375,000 AcadianaMLS
- 2026-04-07 Price Changed $375,000 GSREIN
- 2026-03-23 Listed $399,000 GSREIN
- 2026-03-23 Listed $399,000 AcadianaMLS
- 2006-01-25 Sold (MLS) $280,000 GSREIN
- 2005-07-18 Listed $315,000 GSREIN
- 2005-07-18 Listed $315,000 AcadianaMLS
- 2001-06-15 Sold (Public Records) $175,000 Public Records
- 2001-06-15 Sold (MLS) $175,000 GSREIN
- 2001-04-10 Listed $174,000 AcadianaMLS
- 2001-04-10 Listed $174,000 GSREIN
- 2001-04-04 Sold (MLS) $150,100 GSREIN
- 2000-11-20 Listed $159,900 GSREIN
- 2000-11-20 Listed $159,900 AcadianaMLS
Property tax history
+3.2%/yrLatest (2026): $5,033 · +13.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…