514 Warrington Dr · New Orleans, LA 70122

$125,000

2 bd · 1.0 ba · 952 sqft · SingleFamily public records · 10 Days on market

Built 1950 8,202 sqft lot Est $229k · 45% under · waterfront

---

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 +25.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.8/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to move, this 2-bedroom, 1-bath cottage sits on one of the largest lots on the street. Whether you're an investor looking for your next flip or a buyer ready to build equity, this property checks the right boxes. The layout is efficient and functional, with two bedrooms, a full bath, a dedicated dining area, and a living room. Minutes from I-10 for easy access and everyday conveniences including grocery stores and restaurants.

Key facts

• Easy access
• Largest lots
• 8,202 sq ft lot

Tags

• LARGEST LOTS
• DEDICATED DINING AREA
• EASY ACCESS

Property features AI

Finance

• Other: Information not provided
• Financial info: Information not provided
• HOA & community: Information not provided

Exterior

• Parking: Driveway
• Security: Information not provided
• Utilities: Public water; Public sewer
• Home design: Single-story property; Average condition
• Construction: Vinyl siding; Shingle roof; Raised foundation; Built on an irregular 0.1883-acre lot (approximate dimensions 41 over 77 x 143 over 135)
• Exterior features: City lot; Irregular lot shape; Oversized lot

Interior

• Kitchen: Information not provided
• Bedrooms: Information not provided
• Flooring: Information not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 2 rooms
• Laundry & utility: Information not provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Cap rate 9.2% 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 soft (-0.6%/yr); 336 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).
• This rent runs 36% of the median local income ($49k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 10y ago 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.
• Current owner paid $63k; list at $125k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — 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 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $125,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 1.18% ✓
• Cap rate: 9.17%
• Cash-on-cash: 10.26%
• DSCR: 1.46
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $228,766
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
541 Warrington Dr	0.13mi	2/1.0	1,002 (+5%)	2mo	$208,000	$208	83
4312 Pauger St	0.31mi	2/1.0	950 (-0%)	6mo	$50,500	$53	80
319 Warrington Dr	0.20mi	2/1.0	980 (+3%)	17mo	$174,500	$178	72
1900 Wickfield Dr	0.53mi	2/1.0	1,026 (+8%)	3mo	$191,000	$186	60
302 Wallace Dr	0.27mi	3/1.0 (+1)	864 (-9%)	18mo	$140,000	$162	52
3945 Virgil Blvd	0.34mi	2/1.0	858 (-10%)	19mo	$155,000	$181	52
2060 Stephen Girard St	0.36mi	2/1.0	863 (-9%)	23mo	$74,000	$86	49
320 Wallace Dr	0.20mi	3/2.0 (+1)	1,035 (+9%)	22mo	$208,000	$201	48
1470 Riviera Ave	0.70mi	2/2.0	1,027 (+8%)	2mo	$262,500	$256	48
4405 Cartier Ave	0.59mi	2/1.0	1,046 (+10%)	11mo	$175,000	$167	47
2076 Stephen Girard St	0.38mi	3/2.0 (+1)	1,083 (+14%)	14mo	$180,000	$166	38
4744 Mandeville St	0.75mi	2/1.0	1,044 (+10%)	18mo	$170,000	$163	34

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

5-year hold

• IRR: -7.7%
• Equity multiple: 0.72×
• Total profit: $-9,673
• Equity at exit: $18,638

10-year hold

• IRR: -2.8%
• Equity multiple: 0.84×
• Total profit: $-5,728
• Equity at exit: $10,808

Cash invested: $35,000 (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

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

Methodology + full state rankings →

ZIP-level market 70122

• Rents YoY: -0.6%
• Active inventory: 336
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,470 high
• Mortgage (P&I): −$656
• Tax from tax record: −$155 /mo · $1,855/yr
• Insurance: −$52
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $233

Break-even live

Break-even rent $1,176

Max offer price $125,000

Occupancy floor 79%

Sensitivity live

Price	-10% $304	-5% $268	+0% $233	+5% $197	+10% $162
Rent	-10% $117	-5% $175	+0% $233	+5% $291	+10% $349
Rate	-1.0pp $296	-0.5pp $265	base $233	+0.5pp $200	+1.0pp $167

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1621 Caton St New Orleans, LA	2.0	1.0	900	$1,300	$1.44	25d	1	0.35mi
213 Warrington Dr New Orleans, LA	2.0	1.0	975	$1,500	$1.54	22d	1	0.36mi
4736 Saint Anthony Ave New Orleans, LA	3.0	1.0	1100	$1,800	$1.64	17d	1	0.39mi
1664 Saint Denis St New Orleans, LA	2.0	1.0	1000	$2,000	$2.00	25d	1	0.50mi
4121 Duplessis St Unit C New Orleans, LA	1.0	1.0	800	$1,400	$1.75	25d	1	0.52mi
3420 Annette St New Orleans, LA	2.0	1.0	900	$1,200	$1.33	4d	1	0.66mi
3400 Havana St New Orleans, LA	2.0	2.0	1000	$1,500	$1.50	25d	1	0.67mi
4616 Marigny St New Orleans, LA	2.0	1.0	1020	$1,750	$1.72	22d	1	0.68mi
4110 St Bernard Ave New Orleans, LA	2.0	1.0	1000	$1,215	$1.22	22d	1	0.76mi
4110 Saint Bernard Ave Unit 1 New Orleans, LA	2.0	1.0	1000	$1,215	$1.22	25d	1	0.76mi
4117 Roneagle Way Apt D New Orleans, LA	2.0	1.0	1000	$1,400	$1.40	21d	1	0.80mi
4101 Cadillac St Unit A New Orleans, LA	2.0	1.0	850	$1,300	$1.53	25d	1	0.80mi
1371 Sere St New Orleans, LA	2.0	2.0	760	$1,350	$1.78	25d	1	0.80mi
1373 Sere St New Orleans, LA	2.0	2.0	760	$1,350	$1.78	25d	1	0.80mi
1868 Benefit St New Orleans, LA	2.0	1.0	700	$1,100	$1.57	25d	1	0.83mi
5324 Wildair Dr Unit B New Orleans, LA	2.0	1.0	800	$1,400	$1.75	18d	1	0.83mi
5332 Pasteur Blvd New Orleans, LA	1.0	1.0	800	$1,000	$1.25	12d	1	0.86mi
3622 Buchanan St Unit 3622 New Orleans, LA	3.0	1.0	950	$1,525	$1.61	25d	1	0.89mi
5518 Warrington Dr Unit A New Orleans, LA	2.0	2.0	900	$1,500	$1.67	25d	1	0.90mi
3023 Bruxelles St New Orleans, LA	3.0	1.0	960	$2,200	$2.29	15d	1	0.93mi
1506 Treasure St Unit 1506 New Orleans, LA	2.0	1.0	1000	$1,500	$1.50	25d	1	0.94mi
2425 Jonquil St New Orleans, LA	2.0	2.0	1038	$1,500	$1.45	25d	1	0.96mi
5700 Wilton Dr New Orleans, LA	2.0	1.0	900	$1,500	$1.67	17d	1	1.02mi
2910 Bruxelles St New Orleans, LA	3.0	2.0	1074	$1,600	$1.49	4d	1	1.02mi
5700 Saint Anthony Ave New Orleans, LA	2.0	1.0	875	$1,195	$1.37	4d	1	1.04mi
2913 St Bernard Ave Unit A New Orleans, LA	2.0	1.0	1000	$1,700	$1.70	25d	1	1.05mi
2152 Abundance St Unit A New Orleans, LA	3.0	1.0	800	$1,599	$2.00	4d	1	1.09mi
2152 Abundance St Unit 2152 New Orleans, LA	3.0	2.0	1100	$1,599	$1.45	4d	1	1.09mi
2817 Paris Ave New Orleans, LA	3.0	1.0	1018	$1,700	$1.67	21d	1	1.09mi
2741 Bruxelles St New Orleans, LA	2.0	1.0	732	$1,500	$2.05	4d	1	1.12mi
2741 Bruxelles St New Orleans, LA	2.0	1.0	732	$1,500	$2.05	4d	1	1.12mi
2130 N Broad St Unit 1A New Orleans, LA	2.0	1.0	925	$1,500	$1.62	25d	1	1.12mi
1922 Industry St Unit B New Orleans, LA	2.0	2.0	963	$1,325	$1.38	3d	1	1.12mi
5519 Mandeville St New Orleans, LA	3.0	1.0	1125	$1,650	$1.47	4d	1	1.13mi
3208 Trafalgar St Unit Cozy New Orleans, LA	1.0	1.0	540	$1,500	$2.78	4d	1	1.14mi
4926 Venus St Unit 4926 New Orleans, LA	2.0	1.0	800	$1,200	$1.50	4d	1	1.14mi
2817 Annette St New Orleans, LA	3.0	1.0	1100	$1,350	$1.23	25d	1	1.14mi
3116 Spain St Unit 3118 New Orleans, LA	1.0	1.0	800	$995	$1.24	15d	1	1.15mi
3118 Spain St New Orleans, LA	1.0	1.0	800	$995	$1.24	25d	1	1.15mi
1737 Duels St New Orleans, LA	2.0	1.0	768	$1,450	$1.89	25d	1	1.15mi

Listing history 7 events

1. 2026-06-21
   days on market $125,000 Active 10 DOM
2. 2026-06-18
   days on market $125,000 Active 7 DOM
3. 2026-06-17
   days on market $125,000 Active 6 DOM
4. 2026-06-16
   days on market $125,000 Active 5 DOM
5. 2026-06-15
   days on market $125,000 Active 4 DOM
6. 2026-06-13
   remarks 437-char remark
7. 2026-06-13
   listed $125,000 Active 2 DOM

ⓘ 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: $1,855 · $155/mo
• Projected year-2 tax: $1,855 · $155/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥108°F today · 17 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

Taxation est. · year 1

• Rental income: $17,643
• − Mortgage interest: −$7,002
• − Property taxes: −$1,855
• − Insurance: −$1,422
• − Repairs & maintenance: −$1,411
• − Management: −$1,411
• − Depreciation: −$3,636
• Taxable income: $904
• Est. tax owed @ 24.0%: −$217
• After-tax cash flow: $2,577/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): 35,253
• Household income: $49,455
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 2150.0

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 (69%)
• Race & ethnicity: Black 69% White 18% Two or more races 7% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 4% Italian 2% Slovak 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 92% English-only · Spanish 5% Chinese 1% French/Haitian/Cajun 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: ▼ -222.37%
• Current HPI: 231.9921
• Rent YoY: ▼ -0.61%
• 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

+170.0% since first listed

17 events — show timeline

• 2026-06-11 Listed $125,000 GSREIN
• 2026-06-11 Listed $125,000 AcadianaMLS
• 2017-10-31 Sold (MLS) $63,000 GSREIN
• 2017-09-13 Price Changed $63,000 GSREIN
• 2017-09-13 Contingent — GSREIN
• 2017-08-31 Price Changed $74,900 GSREIN
• 2017-08-08 Relisted — GSREIN
• 2017-08-08 Listing Removed — GSREIN
• 2017-07-13 Price Changed $99,000 GSREIN
• 2017-06-09 Price Changed $104,500 GSREIN
• 2017-05-10 Listed $110,000 GSREIN
• 2017-05-09 Listed $63,000 AcadianaMLS
• 2016-08-16 Listing Removed — GSREIN
• 2016-05-27 Pending — GSREIN
• 2016-05-17 Listed $130,000 GSREIN
• 2016-05-15 Listed $130,000 AcadianaMLS
• 1991-02-14 Sold (Public Records) $46,300 Public Records

Property tax history

+28.0%/yr

Latest (2026): $1,855 · +1.1% YoY. Source: county tax records.