705 Huntlee Dr · New Orleans, LA 70114

$142,000

2 bd · 1.0 ba · 897 sqft · SingleFamily public records · 20 Days on market

Built 1991 Est $128k · 11% over

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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).

• Cash flow +18.5/30.0
• DSCR +5.8/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• ARV discount +2.7/15.0
• 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

Lovely 2 bedroom 1 bathroom home located in Algiers area. Newly renovated freshly painted and this one has a huge lot for the kiddos. Off street parking and a garage give you options.

Key facts

• Off street parking
• Garage
• Huge lot

Tags

• HUGE LOT
• OFF STREET PARKING
• GARAGE

Property features AI

Exterior

• Parking: Garage with two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Stucco exterior; Shingle roof; Built on a slab foundation
• Construction: Stucco construction; Shingle roof; Slab foundation; Excellent condition
• Exterior features: City lot; Rectangular lot; Lot dimensions approximately 55 x 109

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 4 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Excellent condition

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $68 ($820/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 $133k (6.3% below list).
• Recommended offer: $133k (6.3% below list) — sets the bar for 1% rule.
• Cap rate 7.4% 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 soft (-0.7%/yr); 265 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• This rent runs 37% of the median local income ($43k/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 $982 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

• It's been on market 20 days — a 2% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 33y ago; this cycle's ask has dropped $8k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $42k; list at $142k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• 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.

Recommended offer $133,007 (6.3% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.94% ✗
• Cap rate: 7.43%
• Cash-on-cash: 4.07%
• DSCR: 1.18
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $128,271
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 Huntlee Dr	0.13mi	3/1.0 (+1)	900 (+0%)	4mo	$33,000	$37	85
638 Huntlee Dr	0.06mi	3/1.0 (+1)	874 (-3%)	11mo	$125,000	$143	79
4956 Copernicus St	0.48mi	2/1.0	900 (+0%)	2mo	$133,500	$148	75
14 Sullivan Pl	0.41mi	2/1.0	874 (-3%)	22mo	$82,500	$94	58
41 Sullivan Pl	0.36mi	3/1.0 (+1)	841 (-6%)	23mo	$71,200	$85	49
27 Sullivan Pl	0.38mi	3/1.0 (+1)	1,000 (+12%)	18mo	$160,000	$160	43

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: -16.4%
• Equity multiple: 0.43×
• Total profit: $-22,533
• Equity at exit: $21,173

10-year hold

• IRR: -14.8%
• Equity multiple: 0.27×
• Total profit: $-28,994
• Equity at exit: $12,278

Cash invested: $39,760 (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 70114

• Rents YoY: -0.7%
• Active inventory: 265
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,330 high
• Mortgage (P&I): −$745
• Tax from tax record: −$112 /mo · $1,345/yr
• Insurance: −$59
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $68

Break-even live

Break-even rent $1,244

Max offer price $142,000

Occupancy floor 90%

Sensitivity live

Price	-10% $149	-5% $109	+0% $68	+5% $28	+10% $-12
Rent	-10% $-37	-5% $16	+0% $68	+5% $121	+10% $173
Rate	-1.0pp $140	-0.5pp $104	base $68	+0.5pp $32	+1.0pp $-6

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Huntlee Dr New Orleans, LA	3.0	1.0	874	$1,450	$1.66	25d	1	0.17mi
3252 Kabel Dr New Orleans, LA	2.0	1.5	1080	$1,300	$1.20	22d	1	0.22mi
3320 Kabel Dr Unit C New Orleans, LA	3.0	2.0	999	$1,100	$1.10	5d	1	0.25mi
3100 Rue Parc Fontaine New Orleans, LA	1.0	1.0	579	$900	$1.55	25d	1	0.25mi
3307 Kabel Dr New Orleans, LA	2.0	1.5	1000	$1,250	$1.25	5d	1	0.27mi
3362 Kabel Dr New Orleans, LA	3.0	2.0	1000	$1,250	$1.25	25d	1	0.27mi
3315 Kabel Dr New Orleans, LA	2.0	1.5	975	$1,350	$1.38	25d	1	0.27mi
3317 Kabel Dr New Orleans, LA	2.0	1.5	975	$1,350	$1.38	25d	1	0.27mi
3100 Rue Parc Fontaine #2017 New Orleans, LA	1.0	1.0	576	$895	$1.55	25d	1	0.28mi
5400 Lacour Monique St New Orleans, LA	2.0	1.0	750	$1,650	$2.20	5d	1	0.57mi
735 Lees Ln Unit 2 New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	25d	1	1.20mi
4254 Maple Leaf Dr New Orleans, LA	1.0–3.0	1.0–2.5	1354	$1,496	$1.10	3d	8	1.25mi
2002 Pace Blvd Unit 103 New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	16d	1	1.48mi

Listing history 15 events

1. 2026-06-21
   days on market $142,000 Active 20 DOM
2. 2026-06-18
   days on market $142,000 Active 17 DOM
3. 2026-06-18
   price $142,000 Active 16 DOM
4. 2026-06-17
   days on market $150,000 Active 16 DOM
5. 2026-06-16
   days on market $150,000 Active 15 DOM
6. 2026-06-15
   days on market $150,000 Active 14 DOM
7. 2026-06-13
   days on market $150,000 Active 12 DOM
8. 2026-06-10
   days on market $150,000 Active 9 DOM
9. 2026-06-09
   days on market $150,000 Active 8 DOM
10. 2026-06-08
    days on market $150,000 Active 7 DOM
11. 2026-06-07
    days on market $150,000 Active 6 DOM
12. 2026-06-05
    days on market $150,000 Active 3 DOM
13. 2026-06-03
    days on market $150,000 Active 2 DOM
14. 2026-06-02
    remarks 183-char remark
15. 2026-06-02
    listed $150,000 Active 1 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: $1,345 · $112/mo
• Projected year-2 tax: $1,345 · $112/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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,961
• − Mortgage interest: −$7,954
• − Property taxes: −$1,345
• − Insurance: −$1,508
• − Repairs & maintenance: −$1,277
• − Management: −$1,277
• − Depreciation: −$4,131
• Taxable loss: −$1,531
• Est. tax savings @ 24.0%: +$367
• After-tax cash flow: $1,188/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): 22,659
• Household income: $43,493
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2240.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -98.56%
• Current HPI: 149.0172
• Rent YoY: ▼ -0.72%
• 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

+275.9% since first listed

19 events — show timeline

• 2026-06-01 Listed $150,000 GSREIN
• 2026-06-01 Listed $150,000 AcadianaMLS
• 2023-03-08 Price Changed $145,000 GSREIN
• 2023-02-27 Price Changed $147,000 GSREIN
• 2023-01-13 Price Changed $152,000 GSREIN
• 2023-01-02 Listed $145,000 AcadianaMLS
• 2013-02-06 Sold (MLS) $42,013 GSREIN
• 2012-10-18 Listed $51,800 AcadianaMLS
• 2012-10-18 Listed $51,800 GSREIN
• 2012-09-26 Sold (Public Records) $30,000 Public Records
• 2012-06-06 Listed $120,000 GSREIN
• 2012-06-06 Listed $120,000 AcadianaMLS
• 2009-08-27 Listed $125,000 GSREIN
• 2009-08-27 Listed $125,000 AcadianaMLS
• 2001-05-09 Sold (Public Records) $34,500 Public Records
• 1993-11-05 Sold (Public Records) $38,000 Public Records
• 1993-09-30 Sold (MLS) $38,000 GSREIN
• 1993-04-12 Listed $39,900 AcadianaMLS
• 1993-04-12 Listed $39,900 GSREIN

Property tax history

+1.1%/yr

Latest (2026): $1,345 · +0.0% YoY. Source: county tax records.