Duplex
8301-8303 Belfast 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 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 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 +27.5/30.0
- DSCR +9.6/10.0
- 1% rule +6.2/10.0
- ARV discount +5.5/15.0
- Livability +4.0/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$289,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert's Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
Key facts
- Spacious backyard
- Two separate units
- Converted attic
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/1.5-bath units multifamily listed at $289k.
Deal economics
- At list price, monthly cash flow is $786 ($9k/yr) — positive. Per door: $393/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $289k).
- Cap rate 9.8% 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: Rents flat; 279 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); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $3,244/mo this rent would consume 61% of the median local household income ($64k/yr) (locally 2237% 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 $9k 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
- Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
- 12 sale attempts since 30y ago; this cycle's ask has dropped $40k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $75k; list at $289k implies a 285% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1925 — 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
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1925 — 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?
- 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
- 1.12% ✓
- Cap rate
- 9.83%
- Cash-on-cash
- 12.64%
- DSCR
- 1.56
- GRM
- 7.4
CMA / ARV
- ARV (median comp)
- $276,801
- List price
- $289,000
- Delta
- 18.86%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 8009 13 Nelson St | 0.24mi | 4/2.0 | 2,274 (+1%) | 3mo | $410,000 | $180 | 85 |
| 1729 31 Burdette St | 0.74mi | 4/2.0 | 2,217 (-2%) | 2mo | $310,000 | $140 | 61 |
| 8630 32 Pritchard Pl | 0.27mi | 4/2.0 | 1,942 (-14%) | 8mo | $125,000 | $64 | 58 |
| 2018-20 Joliet St | 0.49mi | 5/3.0 (+1) | 2,502 (+11%) | 1mo | $360,000 | $144 | 49 |
| 3702 Monroe St | 0.72mi | 5/2.0 (+1) | 2,232 (-1%) | 13mo | $258,300 | $116 | 49 |
| 1825 27 Cambronne St | 0.59mi | 4/2.0 | 1,950 (-14%) | 2mo | $350,000 | $179 | 48 |
| 3321-27 Leonidas St | 0.47mi | 5/3.0 (+1) | 2,088 (-7%) | 12mo | $310,000 | $148 | 47 |
| 8705-07 Green St | 0.74mi | 4/4.0 | 2,280 (+1%) | 13mo | $70,000 | $31 | 45 |
| 8701-03 Green St | 0.74mi | 4/4.0 | 2,280 (+1%) | 13mo | $70,000 | $31 | 45 |
| 1708-10 Monroe St | 0.73mi | 4/4.0 | 2,300 (+2%) | 13mo | $70,000 | $30 | 44 |
| 8012-14 Cohn St | 0.61mi | 4/2.0 | 2,536 (+12%) | 9mo | $420,000 | $166 | 43 |
| 1701 Cambronne St | 0.69mi | 3/3.0 (-1) | 2,407 (+7%) | 7mo | $382,000 | $159 | 42 |
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 · 0.97% rent growth · sell at horizon
- IRR
- -1.1%
- Equity multiple
- 0.96×
- Total profit
- $-3,347
- Equity at exit
- $43,091
- IRR
- 6.4%
- Equity multiple
- 1.44×
- Total profit
- $35,615
- Equity at exit
- $24,987
Cash invested: $80,920 (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 70118
- Rents YoY
- 1.0%
- Active inventory
- 279
- Price-to-rent
- 14.9×
Monthly cashflow live
- Estimated rent
- $3,244 high interval (Pro) →
- Mortgage (P&I)
- −$1,516
- Tax from tax record
- −$74 /mo · $891/yr
- Insurance
- −$120
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$681
- Net cashflow
- $786
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1.5 | $3,244 |
| #1 | 2 | 1.5 | $1,622 |
| #2 | 2 | 1.5 | $1,622 |
| Total (2 units) | $3,244 | ||
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
- $72,250
- Closing costs
- $8,670
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2251 Cambronne St Unit A New Orleans, LA | 3.0 | 1.5 | 1945 | $2,495 | $1.28 | 24d | 1 | 0.29mi |
| 7922 Colapissa St New Orleans, LA | 4.0 | 2.0 | 1848 | $2,400 | $1.30 | 10d | 1 | 0.35mi |
| 2308 Short St New Orleans, LA | 3.0 | 2.0 | 1600 | $2,800 | $1.75 | 3d | 1 | 0.37mi |
| 2231 S Carrollton Ave Unit D New Orleans, LA | 3.0 | 2.0 | 1600 | $2,495 | $1.56 | 24d | 1 | 0.38mi |
| 2102 S Carrollton Ave New Orleans, LA | 3.0 | 2.0 | 1800 | $2,250 | $1.25 | 12d | 1 | 0.45mi |
| 2102 S Carrollton Ave Unit NA New Orleans, LA | 3.0 | 2.0 | 1800 | $2,250 | $1.25 | 10d | 1 | 0.45mi |
| 7909 Sycamore St New Orleans, LA | 3.0 | 2.0 | 2000 | $2,400 | $1.20 | 3d | 1 | 0.45mi |
| 2101 S Carrollton Ave New Orleans, LA | 4.0 | 2.0 | 1800 | $2,400 | $1.33 | 24d | 1 | 0.47mi |
| 7902 Sycamore St New Orleans, LA | 4.0 | 2.0 | 1991 | $3,200 | $1.61 | 44d | 1 | 0.48mi |
| 2201 Burdette St New Orleans, LA | 3.0 | 1.5 | 1800 | $2,695 | $1.50 | 17d | 1 | 0.53mi |
| 8426 Spruce St New Orleans, LA | 3.0 | 2.0 | 1700 | $3,000 | $1.76 | 44d | 1 | 0.53mi |
| 2116 Burdette St New Orleans, LA | 3.0 | 1.0 | 1700 | $1,975 | $1.16 | 3d | 1 | 0.54mi |
| 7325 Sycamore St New Orleans, LA | 4.0 | 3.0 | 2500 | $2,350 | $0.94 | 24d | 1 | 0.62mi |
| 2338 Audubon St New Orleans, LA | 3.0 | 2.0 | 1935 | $2,000 | $1.03 | 3d | 1 | 0.66mi |
| 2014 Lowerline St New Orleans, LA | 3.0 | 1.5 | 1600 | $2,850 | $1.78 | 14d | 1 | 0.69mi |
| 2201 Broadway St Unit 2 New Orleans, LA | 4.0 | 2.0 | 2000 | $3,000 | $1.50 | 44d | 1 | 0.71mi |
| 912 Monticello Ave New Orleans, LA | 3.0 | 2.0 | 1750 | $2,500 | $1.43 | 44d | 1 | 0.76mi |
| 2010 Broadway St New Orleans, LA | 4.0 | 2.0 | 1600 | $2,400 | $1.50 | 24d | 1 | 0.77mi |
| 4117 State Street Dr New Orleans, LA | 3.0 | 1.0 | 1678 | $1,550 | $0.92 | 12d | 1 | 0.78mi |
| 1539 Dante St New Orleans, LA | 3.0 | 2.0 | 2672 | $3,500 | $1.31 | 44d | 1 | 0.78mi |
| 7701 Jeannette St Unit D New Orleans, LA | 3.0 | 3.0 | 1710 | $2,800 | $1.64 | 44d | 1 | 0.93mi |
| 3737 Nashville Ave New Orleans, LA | 4.0 | 2.0 | 2000 | $3,400 | $1.70 | 21d | 1 | 0.95mi |
| 1609 Broadway St New Orleans, LA | 5.0 | 2.0 | 1776 | $5,000 | $2.82 | 44d | 1 | 1.00mi |
| 1519 Pine St New Orleans, LA | 5.0 | 3.0 | 3000 | $4,000 | $1.33 | 24d | 1 | 1.01mi |
| 3180 State Street Dr New Orleans, LA | 3.0 | 2.0 | 1600 | $1,900 | $1.19 | 10d | 1 | 1.01mi |
| 4400 Elba St New Orleans, LA | 3.0 | 2.0 | 1600 | $1,875 | $1.17 | 24d | 1 | 1.02mi |
| 2117 S Lopez St New Orleans, LA | 5.0 | 2.0 | 1920 | $2,000 | $1.04 | 24d | 1 | 1.03mi |
| 8906 Plum St New Orleans, LA | 3.0 | 2.0 | 2000 | $2,800 | $1.40 | 44d | 1 | 1.05mi |
| 1438 Broadway St Unit A New Orleans, LA | 3.0 | 1.0 | 1739 | $3,000 | $1.73 | 17d | 1 | 1.06mi |
| 6326 S Johnson St Unit 1 New Orleans, LA | 5.0 | 2.0 | 2013 | $3,950 | $1.96 | 44d | 1 | 1.08mi |
| 7011 Jeannette St Unit A New Orleans, LA | 5.0 | 3.0 | 2200 | $5,000 | $2.27 | 44d | 1 | 1.09mi |
| 5533 S Tonti St New Orleans, LA | 4.0 | 4.0 | 3000 | $3,000 | $1.00 | 14d | 1 | 1.10mi |
| 1131 Fern St New Orleans, LA | 4.0 | 2.0 | 2427 | $3,600 | $1.48 | 17d | 1 | 1.10mi |
| 7000 Jeannette St New Orleans, LA | 3.0 | 3.0 | 2390 | $3,250 | $1.36 | 3d | 1 | 1.12mi |
| 2824 Calhoun St Unit A New Orleans, LA | 3.0 | 2.0 | 1828 | $3,900 | $2.13 | 44d | 1 | 1.14mi |
| 1030 Short St Unit D New Orleans, LA | 3.0 | 1.0 | 2000 | $3,000 | $1.50 | 24d | 1 | 1.15mi |
| 7015 Willow St New Orleans, LA | 5.0 | 3.0 | 2000 | $4,200 | $2.10 | 44d | 1 | 1.16mi |
| 1300 Broadway St New Orleans, LA | 3.0 | 2.5 | 1747 | $3,000 | $1.72 | 44d | 1 | 1.16mi |
| 2832 Palmer Ave Unit Up New Orleans, LA | 4.0 | 2.0 | 1720 | $2,900 | $1.69 | 44d | 1 | 1.17mi |
| 2738 Calhoun St New Orleans, LA | 4.0 | 2.0 | 1900 | $4,800 | $2.53 | 3d | 1 | 1.18mi |
Listing history 28 events
-
2026-06-18days on market $289,000 Active 3 DOM
-
2026-06-17days on market $289,000 Active 2 DOM
-
2026-06-16days on market $289,000 Active 1 DOM
-
2026-06-15remarks 699-char remark
-
2026-06-15pricedays on market $289,000 Active 2 DOM
-
2026-06-05days on market $329,000 Active 172 DOM
-
2026-06-03days on market $329,000 Active 171 DOM
-
2026-06-02days on market $329,000 Active 170 DOM
-
2026-06-01days on market $329,000 Active 169 DOM
-
2026-05-31days on market $329,000 Active 168 DOM
-
2026-05-09status Active 1192-char remark
Show marketing remark (1192 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert's Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2026-05-08status Active 1198-char remark
Show marketing remark (1198 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert’s Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2026-05-07status Active 1192-char remark
Show marketing remark (1198 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert’s Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2026-05-07historical 1198-char remark
Show marketing remark (1198 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert’s Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2025-12-06$329,000 Active 1192-char remark
Show marketing remark (1198 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert’s Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2025-12-06$329,000 Active 1198-char remark
Show marketing remark (1198 chars)
Historic corner duplex with driveway parking, located just blocks from the St. Charles streetcar line and within walking distance to Robert’s Market. Generous backyard provides uncommon outdoor space for the area and offers flexibility for personalization. The property includes a 3 bed / 2 bath unit with two independent bedrooms plus a walk-through third bedroom, creating a flexible layout. The attic is accessed by a full stairway and has drywall in place, offering substantial storage or potential for future finishing (buyer to verify). The 1 bed / 1 bath unit, converted from the former corner storefront, features an open-concept kitchen and living area with tall ceilings. Each unit has separate utility meters and private washer/dryer setups. Exterior paint and related improvements completed November 2025. Central air installed in the larger unit August 2021. Located in Flood Zone X. Current flood insurance premium approximately $1,079/year; buyer to verify transferability. Seller elected not to renew leases to provide flexibility for the next owner. Projected combined rents approximately $3,250/month based on comparable leases. Under termite contract. Home warranty offered
-
2025-06-04$295,000 Active
-
2006-10-11soldstatus $75,000
-
2006-09-29soldstatus $75,000
-
2006-06-01$80,000
-
2006-06-01$80,000
-
2003-07-31soldstatus $110,000
-
2002-11-18$114,800
-
2002-11-18$114,800
-
1997-01-03soldstatus $39,000
-
1996-12-18soldstatus $39,000
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1996-06-05$39,000
-
1996-06-05$39,000
ⓘ 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
- $891 · $74/mo
- Projected year-2 tax
- $1,590 · $132/mo
- Expected delta
- +$698/yr (+$58/mo · 78.3%)
ⓘ 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 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
- $38,928
- − Mortgage interest
- −$16,188
- − Property taxes
- −$891
- − Insurance
- −$2,242
- − Repairs & maintenance
- −$3,114
- − Management
- −$3,114
- − Depreciation
- −$8,407
- Taxable income
- $4,970
- Est. tax owed @ 24.0%
- −$1,193
- After-tax cash flow
- $8,240/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)
- 36,072
- Household income
- $63,750
- Rent vs Own
- Severe rent burden
- 2237.0
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 0.65)
- Race & ethnicity
- White 47% Black 34% Hispanic / Latino 11% Two or more races 11% Asian 4%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Italian 2% Romanian 2%
- Foreign-born
- 9% · Canada, China
- Languages at home
- 86% English-only · Spanish 7% French/Haitian/Cajun 2% Other Indo-European 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
- ▼ -210.46%
- Current HPI
- 282.9629
- Rent YoY
- ▲ 0.97%
- 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
+743.6% since first listed18 events — show timeline
- 2026-05-09 Relisted — AcadianaMLS
- 2026-05-08 Relisted — GSREIN
- 2026-05-07 Relisted — AcadianaMLS
- 2026-05-07 Listing Removed — GSREIN
- 2025-12-06 Listed $329,000 GSREIN
- 2025-12-06 Listed $329,000 AcadianaMLS
- 2025-06-04 Listed $295,000 AcadianaMLS
- 2006-10-11 Sold (Public Records) $75,000 Public Records
- 2006-09-29 Sold (MLS) $75,000 GSREIN
- 2006-06-01 Listed $80,000 AcadianaMLS
- 2006-06-01 Listed $80,000 GSREIN
- 2003-07-31 Sold (MLS) $110,000 GSREIN
- 2002-11-18 Listed $114,800 AcadianaMLS
- 2002-11-18 Listed $114,800 GSREIN
- 1997-01-03 Sold (Public Records) $39,000 Public Records
- 1996-12-18 Sold (MLS) $39,000 GSREIN
- 1996-06-05 Listed $39,000 GSREIN
- 1996-06-05 Listed $39,000 AcadianaMLS
Property tax history
-0.8%/yrLatest (2026): $891 · +1.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…