3244 Iowa Ave · Kenner, LA 70065

$299,000

4 bd · 3.0 ba · 2,300 sqft · SingleFamily · 89 Days on market

Built 1968 Est $368k · 19% under

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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 +14.6/30.0
• DSCR +4.5/10.0
• Livability +3.9/5.0
• 1% rule +3.3/10.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

Key facts

• Double corner lot
• Covered patio
• Huge back yard

Tags

• DOUBLE CORNER LOT
• HUGE GAME ROOM
• COVERED PATIO
• HUGE BACK YARD

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $73 ($872/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $249k (16.6% below list).
• Recommended offer: $249k (16.6% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.3% in Kenner — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#6 in LA, #2,414 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime D.
• Jefferson Parish (suburban): math 24% / reading 34% proficiency, ranked #44 of 98 in LA (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-4.2%/yr); 292 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 44% of the median local income ($67k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 23y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $223k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $249,333 (16.6% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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?
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: 0.83% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.04%
• DSCR: 1.05
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $368,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3244 Iowa Ave	0.00mi	4/3.0	2,300 (0%)	0mo	$290,000	$126	100
3443 Roosevelt Blvd	0.29mi	4/2.5	2,266 (-2%)	6mo	$390,000	$172	77
62 Driftwood Blvd	0.57mi	4/2.0	2,277 (-1%)	4mo	$365,000	$160	64
5 Gelpi Ave	0.35mi	3/2.0 (-1)	2,126 (-8%)	1mo	$385,000	$181	62
3101 Lake Trail Dr	0.67mi	4/2.5	2,230 (-3%)	2mo	$413,300	$185	60
22 Antigua Dr	0.39mi	4/2.0	2,075 (-10%)	4mo	$305,000	$147	58
54 Driftwood Blvd	0.56mi	4/2.5	2,115 (-8%)	0mo	$330,000	$156	58
38 Antigua Dr	0.48mi	4/3.0	2,601 (+13%)	0mo	$365,000	$140	55
4616 Janice Ave	0.69mi	3/2.5 (-1)	2,259 (-2%)	6mo	$330,000	$146	52
3600 Lake Trail Dr	0.58mi	4/2.5	2,600 (+13%)	6mo	$213,700	$82	44
3205 Lake Trail Dr	0.59mi	4/2.0	1,963 (-15%)	2mo	$339,000	$173	42
4608 Janice Ave	0.68mi	3/2.0 (-1)	2,080 (-10%)	3mo	$423,000	$203	40

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: -17.8%
• Equity multiple: 0.39×
• Total profit: $-51,199
• Equity at exit: $44,582

10-year hold

• IRR: -16.5%
• Equity multiple: 0.20×
• Total profit: $-67,135
• Equity at exit: $25,852

Cash invested: $83,720 (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 70065

• Rents YoY: -4.2%
• Active inventory: 292
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,493 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$205 /mo · $2,454/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $73

Break-even live

Break-even rent $2,401

Max offer price $299,000

Occupancy floor 92%

Sensitivity live

Price	-10% $242	-5% $157	+0% $73	+5% $-12	+10% $-97
Rent	-10% $-124	-5% $-26	+0% $73	+5% $171	+10% $270
Rate	-1.0pp $223	-0.5pp $149	base $73	+0.5pp $-5	+1.0pp $-84

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3245 Iowa Ave Kenner, LA	4.0	2.0	1800	$2,300	$1.28	22d	1	0.04mi
13 Emile Ave Kenner, LA	3.0	3.0	2100	$2,300	$1.10	24d	1	0.44mi
3224 Massachusetts Ave Kenner, LA	4.0	2.0	2070	$2,750	$1.33	2d	1	0.49mi
2 Schill Ave Kenner, LA	4.0	2.0	2026	$2,500	$1.23	5d	1	0.54mi
3228 Lake Trail Dr Metairie, LA	5.0	2.5	2655	$2,950	$1.11	5d	1	0.60mi
3600 Lake Trail Dr Kenner, LA	4.0	2.5	2600	$2,800	$1.08	5d	1	0.62mi
7116 Wilty St Metairie, LA	3.0	2.0	1722	$2,300	$1.34	5d	1	0.72mi
114 Gelpi Ave Unit 1 Kenner, LA	3.0	2.0	3000	$2,450	$0.82	44d	1	0.80mi
1500 W Esplanade Ave Kenner, LA	3.0	2.0	1725	$1,750	$1.01	3d	2	0.95mi
1500 W Esplanade Ave Kenner, LA	2.0–3.0	2.0	1587	$2,000	$1.26	44d	1	0.95mi
1500 W Esplanade Ave Unit 29D Kenner, LA	3.0	2.0	1725	$1,900	$1.10	2d	1	0.95mi
3136 Lexington Ave Kenner, LA	4.0	3.0	1722	$2,300	$1.34	24d	1	1.01mi
3127 Marietta St Kenner, LA	3.0	1.0	1600	$1,600	$1.00	44d	1	1.10mi
6501 Ithaca St Metairie, LA	3.0	2.0	2400	$2,900	$1.21	44d	1	1.18mi
3318 Cannes Pl Kenner, LA	3.0	2.0	1700	$2,100	$1.24	44d	1	1.18mi
4200 Lake Trail Dr Kenner, LA	4.0	2.5	2689	$3,000	$1.12	5d	1	1.21mi
3345 Cannes Pl Kenner, LA	3.0	2.0	1923	$2,700	$1.40	44d	1	1.22mi
4245 Illinois Ave Kenner, LA	3.0	2.0	1720	$2,300	$1.34	44d	1	1.31mi
4837 Academy Dr Metairie, LA	3.0	2.0	1834	$3,000	$1.64	24d	1	1.36mi
4908 Purdue Dr Metairie, LA	4.0	2.0	1846	$1,995	$1.08	5d	1	1.43mi

Listing history 19 events

1. 2026-04-08
   status Pending 357-char remark

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

2. 2026-04-08
   status Pending

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

3. 2026-03-20
   price $299,000 357-char remark

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

4. 2026-03-20
   price $299,000

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

5. 2026-01-09
   listed $319,000 Active 357-char remark

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

6. 2026-01-09
   listed $319,000 Active

   Show marketing remark (357 chars)

   Spacious 4-Bedroom Home on a Double Corner Lot! Situated on a generous 100x120 double corner lot. The property has 4 bedrooms, 2 full bathrooms, 2 half baths, and a huge game room. Double detached garage, two double driveways, and a covered patio for outdoor living with huge back yard. X flood zone., offering extra peace of mind and lower insurance costs.

7. 2025-07-18
   price $329,000
8. 2025-07-18
   price $329,000
9. 2024-10-02
   listed $349,000 Active
10. 2024-06-10
    price $349,000
11. 2024-02-26
    listed $349,000
12. 2007-08-22
    soldstatus $223,000
13. 2007-08-17
    soldstatus $223,000
14. 2007-04-04
    listed $239,900
15. 2007-04-04
    listed $239,900
16. 2003-07-28
    soldstatus $169,000
17. 2003-07-01
    soldstatus $169,000
18. 2003-04-10
    listed $179,900
19. 2003-04-10
    listed $179,900

ⓘ 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: $2,454 · $205/mo
• Projected year-2 tax: $2,454 · $205/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $29,920
• − Mortgage interest: −$16,749
• − Property taxes: −$2,454
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,394
• − Management: −$2,394
• − Depreciation: −$8,698
• Taxable loss: −$4,263
• Est. tax savings @ 24.0%: +$1,023
• After-tax cash flow: $1,895/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: Jefferson Parish
• NCES district ID: 2200840
• Math proficiency: 24% ▼ -36.00%
• Reading proficiency: 34% ▼ -30.00%
• Median HH income: $48,421
• Composite: 25.19/100
• National rank: #7511
• State rank: #44 of 98 in LA

Livability — Kenner

• Score: 78/100
• State rank: #6
• US rank: #2414

Category grades

Amenities C- Commute B- Cost of living A+ Crime D Employment C- Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenner, LA
• County: Jefferson Parish · 426,999 people
• City population: 66,707
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 48,936
• Household income: $67,285
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1906.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 451,696 people
• By 2030: 455,451 · +0.8%
• By 2040: 458,308 · +1.5%
• By 2050: 461,031 · +2.1%
• By 2075: 476,351 · +5.5%
• By 2100: 499,377 · +10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 47% Hispanic / Latino 27% Two or more races 15% Black 15% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 9% Slovak 1% Italian 1%
• Foreign-born: 19% · Canada, China, Vietnam
• Languages at home: 72% English-only · Spanish 21% Other Indo-European 3% Arabic 1%

Political lean MEDSL · Jefferson

• 2024 margin: R (+12.9) · D 42.5% · R 55.5% · Other 2.1%
• 2008→2024 swing: +13.6pp toward D · 2008: -26.6pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+11.1 2016: R+14.8 2012: R+18.4 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -214.79%
• Current HPI: 139.5115
• Rent YoY: ▼ -4.19%
• 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

+66.2% since first listed

19 events — show timeline

• 2026-04-08 Pending — AcadianaMLS
• 2026-04-08 Pending — GSREIN
• 2026-03-20 Price Changed $299,000 AcadianaMLS
• 2026-03-20 Price Changed $299,000 GSREIN
• 2026-01-09 Listed $319,000 GSREIN
• 2026-01-09 Listed $319,000 AcadianaMLS
• 2025-07-18 Price Changed $329,000 AcadianaMLS
• 2025-07-18 Price Changed $329,000 GSREIN
• 2024-10-02 Listed $349,000 AcadianaMLS
• 2024-06-10 Price Changed $349,000 GSREIN
• 2024-02-26 Listed $349,000 AcadianaMLS
• 2007-08-22 Sold (Public Records) $223,000 Public Records
• 2007-08-17 Sold (MLS) $223,000 GSREIN
• 2007-04-04 Listed $239,900 GSREIN
• 2007-04-04 Listed $239,900 AcadianaMLS
• 2003-07-28 Sold (MLS) $169,000 GSREIN
• 2003-07-01 Sold (Public Records) $169,000 Public Records
• 2003-04-10 Listed $179,900 AcadianaMLS
• 2003-04-10 Listed $179,900 GSREIN

Property tax history

+2.4%/yr

Latest (2025): $2,454 · -0.4% YoY. Source: county tax records.