🏷️ Likely Rental
3010 12 Baudin St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.77%
- Est. flood insurance / yr
- $1,737 – $8,500
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 B- 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 +26.8/30.0
- ARV discount +15.0/15.0
- DSCR +9.2/10.0
- 1% rule +6.5/10.0
- 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
$275,000
🖨 Deal sheet (PDF) 📄 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
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout--not a shotgun--with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless--live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don't miss out on this rare find that combines space, flexibility, and value!
Key facts
- Central location
- Quick access to i-10
- 3,824 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath multifamily listed at $275k.
Deal economics
- At list price, monthly cash flow is $325 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $275k).
- Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
- Cap rate 9.6% vs local median 4.3% 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: Rents soft (-0.2%/yr); 381 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 $3,170/mo this rent would consume 72% of the median local household income ($53k/yr) (locally 3381% 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 $8k 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 64 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts 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.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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
- It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1952 — 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.
- 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
- 1.15% ✓
- Cap rate
- 9.57%
- Cash-on-cash
- 11.71%
- DSCR
- 1.52
- GRM
- 7.2
CMA / ARV
- ARV (median comp)
- $370,010
- List price
- $275,000
- Delta
- -25.68%
- 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 |
|---|---|---|---|---|---|---|---|
| 422 24 S Clark St | 0.32mi | 3/3.0 (-1) | 1,745 (+1%) | 5mo | $340,000 | $195 | 70 |
| 3615 17 Baudin St | 0.42mi | 4/2.0 | 1,680 (-3%) | 9mo | $140,000 | $83 | 68 |
| 745-47 S Genois St | 0.45mi | 4/2.0 | 1,610 (-7%) | 3mo | $250,000 | $155 | 65 |
| 124 N Rendon St | 0.40mi | 3/3.0 (-1) | 1,656 (-4%) | 6mo | $308,000 | $186 | 61 |
| 2755 Banks St | 0.20mi | 4/4.0 | 1,920 (+11%) | 5mo | $285,000 | $148 | 60 |
| 3935 37 Banks St | 0.65mi | 4/2.0 | 1,620 (-6%) | 2mo | $295,000 | $182 | 57 |
| 3150 52 Toulouse St | 0.66mi | 4/4.0 | 1,690 (-2%) | 3mo | $382,000 | $226 | 55 |
| 2751 Banks St | 0.21mi | 4/4.0 | 1,920 (+11%) | 12mo | $291,000 | $152 | 54 |
| 229 31 S Norman C. Francis Pkwy | 0.35mi | 4/2.0 | 1,978 (+14%) | 10mo | $280,000 | $142 | 51 |
| 4024 26 Baudin St | 0.70mi | 4/2.0 | 1,890 (+9%) | 4mo | $290,000 | $153 | 48 |
| 2912 14 St. Peter St | 0.72mi | 4/2.0 | 1,912 (+11%) | 2mo | $290,000 | $152 | 47 |
| 2619 21 Palmyra St | 0.39mi | 4/2.0 | 1,987 (+15%) | 13mo | $190,000 | $96 | 46 |
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
- IRR
- -12.2%
- Equity multiple
- 0.57×
- Total profit
- $-32,942
- Equity at exit
- $41,003
- IRR
- -9.2%
- Equity multiple
- 0.52×
- Total profit
- $-37,055
- Equity at exit
- $23,777
Cash invested: $77,000 (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 70119
- Home prices YoY
- -34.8%
- Rents YoY
- -0.2%
- Active inventory
- 381
- Price-to-rent
- 14.5×
Monthly cashflow live
- Estimated rent
- $3,170 high interval (Pro) →
- Mortgage (P&I)
- −$1,442
- Tax from tax record
- −$196 /mo · $2,354/yr
- Insurance
- −$115
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$666
- Net cashflow
- $325
Break-even live
Sensitivity live
| Price | -10% $481 | -5% $403 | +0% $325 | +5% $247 | +10% $169 |
|---|---|---|---|---|---|
| Rent | -10% $74 | -5% $200 | +0% $325 | +5% $450 | +10% $575 |
| Rate | -1.0pp $463 | -0.5pp $395 | base $325 | +0.5pp $254 | +1.0pp $181 |
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $3,170 |
| #1 | 2 | 1 | $1,585 |
| #2 | 2 | 1 | $1,585 |
| Total (2 units) | $3,170 | ||
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
- $68,750
- Closing costs
- $8,250
- 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 |
|---|---|---|---|---|---|---|---|---|
| 426 S Lopez St New Orleans, LA | 4.0 | 3.0 | 1400 | $2,300 | $1.64 | 24d | 1 | 0.10mi |
| 2912 Palmyra St Unit D New Orleans, LA | 3.0 | 2.0 | 1257 | $1,650 | $1.31 | 24d | 1 | 0.17mi |
| 227 S Gayoso St Unit 2h New Orleans, LA | 3.0 | 2.0 | 1800 | $2,500 | $1.39 | 44d | 1 | 0.20mi |
| 325 S Rendon St New Orleans, LA | 3.0 | 2.0 | 1130 | $2,000 | $1.77 | 24d | 1 | 0.23mi |
| 2652 Banks St New Orleans, LA | 3.0 | 3.5 | 1204 | $2,100 | $1.74 | 24d | 1 | 0.29mi |
| 439 S Norman C. Francis Pkwy Unit 1A New Orleans, LA | 3.0 | 1.0 | 1200 | $1,700 | $1.42 | 22d | 1 | 0.29mi |
| 2645 Gravier St Unit 2645-A New Orleans, LA | 3.0 | 1.0 | 1290 | $1,595 | $1.24 | 24d | 1 | 0.30mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,600 | $1.50 | 18d | 1 | 0.34mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,500 | $1.45 | 15d | 1 | 0.34mi |
| 2615 Banks St New Orleans, LA | 3.0 | 2.0 | 1200 | $1,900 | $1.58 | 4d | 1 | 0.35mi |
| 334 S Clark St New Orleans, LA | 3.0 | 1.0 | 1065 | $1,750 | $1.64 | 22d | 1 | 0.35mi |
| 2651 Poydras St New Orleans, LA | 1.0–4.0 | 1.0–2.0 | 1095 | $2,545 | $2.32 | 2d | 16 | 0.37mi |
| 2539 Gravier St Unit 2541 New Orleans, LA | 3.0 | 1.0 | 1115 | $1,495 | $1.34 | 17d | 1 | 0.38mi |
| 326 S Dorgenois St Unit 326 New Orleans, LA | 4.0 | 3.0 | 1510 | $2,300 | $1.52 | 3d | 1 | 0.40mi |
| 2517 Palmyra St New Orleans, LA | 3.0 | 2.0 | 1306 | $2,100 | $1.61 | 18d | 1 | 0.45mi |
| 2738 Bienville St New Orleans, LA | 4.0 | 3.0 | 1671 | $2,200 | $1.32 | 24d | 1 | 0.50mi |
| 3804 Banks St New Orleans, LA | 3.0 | 2.0 | 1353 | $2,250 | $1.66 | 18d | 1 | 0.55mi |
| 3232 Conti St New Orleans, LA | 3.0 | 2.0 | 1140 | $3,500 | $3.07 | 44d | 1 | 0.56mi |
| 2304 Gravier St Unit 2304 New Orleans, LA | 3.0 | 2.0 | 1112 | $1,800 | $1.62 | 17d | 1 | 0.56mi |
| 3825 Baudin St New Orleans, LA | 3.0 | 3.5 | 1680 | $2,000 | $1.19 | 24d | 1 | 0.58mi |
| 439 N Norman C Francis Pkwy Unit 1A New Orleans, LA | 3.0 | 1.0 | 1200 | $1,700 | $1.42 | 22d | 1 | 0.64mi |
| 4702 Euphrosine St New Orleans, LA | 3.0 | 1.0 | 1100 | $1,850 | $1.68 | 4d | 1 | 0.65mi |
| 615 S Pierce St New Orleans, LA | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 18d | 1 | 0.69mi |
| 613 S Pierce St New Orleans, LA | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 18d | 1 | 0.69mi |
| 647 S Pierce St New Orleans, LA | 3.0 | 2.0 | 1550 | $3,175 | $2.05 | 15d | 1 | 0.70mi |
| 4020 Baudin St New Orleans, LA | 3.0 | 2.0 | 1100 | $1,550 | $1.41 | 4d | 1 | 0.71mi |
| 4120 Erato St New Orleans, LA | 3.0 | 2.0 | 2250 | $1,750 | $0.78 | 24d | 1 | 0.74mi |
| 1318 S Salcedo St Unit 202 New Orleans, LA | 4.0 | 2.0 | 1152 | $1,975 | $1.71 | 24d | 1 | 0.75mi |
| 1318 S Salcedo St Unit 101 New Orleans, LA | 4.0 | 2.0 | 1152 | $1,775 | $1.54 | 18d | 1 | 0.75mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,500 | $1.96 | 24d | 1 | 0.75mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,300 | $1.80 | 21d | 1 | 0.75mi |
| 2320 Conti St New Orleans, LA | 3.0 | 2.0 | 1125 | $2,500 | $2.22 | 24d | 1 | 0.76mi |
| 4600 S Carrollton Ave Unit 2B New Orleans, LA | 4.0 | 2.0 | 2097 | $2,850 | $1.36 | 24d | 1 | 0.77mi |
| 2105 Bienville St New Orleans, LA | 3.0 | 3.0 | 1231 | $2,350 | $1.91 | 18d | 1 | 0.85mi |
| 2024 Bienville St New Orleans, LA | 3.0 | 2.0 | 1314 | $2,100 | $1.60 | 24d | 1 | 0.86mi |
| 824 N Dupre St New Orleans, LA | 3.0 | 2.0 | 1315 | $2,250 | $1.71 | 18d | 1 | 0.87mi |
| 3700 Orleans Ave New Orleans, LA | 1.0–3.0 | 1.0–2.0 | 1081 | $2,945 | $2.72 | 4d | 48 | 0.88mi |
| 4814 Thalia St Unit B New Orleans, LA | 3.0 | 2.0 | 1218 | $1,850 | $1.52 | 24d | 1 | 0.91mi |
| 4816 Thalia St New Orleans, LA | 3.0 | 2.0 | 1218 | $1,850 | $1.52 | 24d | 1 | 0.91mi |
| 2033 Conti St New Orleans, LA | 3.0 | 3.0 | 1249 | $2,250 | $1.80 | 15d | 1 | 0.92mi |
Listing history 16 events
-
2026-06-13status $275,000 Pending 64 DOM
-
2026-06-10days on market $275,000 Active 64 DOM
-
2026-06-09days on market $275,000 Active 63 DOM
-
2026-06-08days on market $275,000 Active 62 DOM
-
2026-06-07days on market $275,000 Active 61 DOM
-
2026-06-05days on market $275,000 Active 58 DOM
-
2026-06-03days on market $275,000 Active 57 DOM
-
2026-06-02days on market $275,000 Active 56 DOM
-
2026-06-01days on market $275,000 Active 55 DOM
-
2026-05-31days on market $275,000 Active 54 DOM
-
2026-05-06price $285,000 1019-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
-
2026-05-06price $285,000 1040-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
-
2026-04-07price $289,000 1019-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
-
2026-04-07price $289,000 1040-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
-
2026-04-06$275,000 Active 1019-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
-
2026-04-06$275,000 Active 1040-char remark
Show marketing remark (1040 chars)
Spacious and versatile 4-bedroom, 2-bath double featuring a traditional layout—not a shotgun—with large, well-proportioned rooms and soaring 10-foot ceilings throughout. This property offers comfort and functionality with ceiling fans in every room, energy-efficient double-paned windows, and a convenient separate laundry room. Perfectly positioned in a central location, this property provides easy access to dining, hospitals and city amenities, as well as quick and easy access to the I-10. Whether you're looking for a primary residence with income potential or a full investment property, the options are endless—live in one unit and rent the other, or lease both sides for potential rental income totaling approximately $3,200 per month. Seller is offering up to $10,000 to replace roof, with acceptable offer. Priced below appraisal, this is an exceptional opportunity to secure a high-value property with strong income potential. Don’t miss out on this rare find that combines space, flexibility, and value!
ⓘ 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
- $2,354 · $196/mo
- Projected year-2 tax
- $2,354 · $196/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 AE · 77% 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
- $38,040
- − Mortgage interest
- −$15,404
- − Property taxes
- −$2,354
- − Insurance
- −$6,494
- − Repairs & maintenance
- −$3,043
- − Management
- −$3,043
- − Depreciation
- −$8,000
- Taxable loss
- −$298
- Est. tax savings @ 24.0%
- +$72
- After-tax cash flow
- $3,970/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)
- 37,253
- Household income
- $53,143
- Rent vs Own
- Severe rent burden
- 3381.0
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 0.64)
- Race & ethnicity
- Black 44% White 40% Two or more races 10% Hispanic / Latino 9% Asian 1%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Slovak 2% Romanian 1%
- Foreign-born
- 6% · Canada, Jamaica
- Languages at home
- 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 0%
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
- ▼ -135.38%
- Current HPI
- 253.1929
- Rent YoY
- ▼ -0.20%
- 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
+3.6% since first listed6 events — show timeline
- 2026-05-06 Price Changed $285,000 AcadianaMLS
- 2026-05-06 Price Changed $285,000 GSREIN
- 2026-04-07 Price Changed $289,000 AcadianaMLS
- 2026-04-07 Price Changed $289,000 GSREIN
- 2026-04-06 Listed $275,000 GSREIN
- 2026-04-06 Listed $275,000 AcadianaMLS
Property tax history
+7.9%/yrLatest (2026): $2,354 · -5.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…