11214 Prentiss Ave · New Orleans, LA 70128

$149,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily public records · 139 Days on market

Built 1956 $111/sqft · 13% below area Est $190k · 21% under

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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 +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 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

Listing remarks MLS

This charming 3 bedroom, 1.5 bathroom home offers a perfect blend of comfort and style. The interior boasts a newly renovated kitchen, featuring brand new cabinets and sleek granite countertops, great for culinary enthusiasts. The spacious living areas are filled with natural light creating a warm and inviting atmosphere. Outside, a covered carport provides convenient protection for your vehicle while the backyard offers plenty of space for outdoor activities or gardening. With modern updates and a thoughtful layout, this home will work for families or individuals looking for a cozy, move-in-ready space. Tenant occupied until end of February. Tenant will be present for showings. 24 hours notice needed. Also available for lease MLS 2538659.

Key facts

• Covered carport
• Granite countertops
• Brand new cabinets

Tags

• NEWLY RENOVATED KITCHEN
• BRAND NEW CABINETS
• GRANITE COUNTERTOPS
• COVERED CARPORT
• BACKYARD SPACE

🏷️ Possibly a rental listed for sale. The $149,000 price doesn't fit this home's estimated sale value (~$189,610) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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.
• Market conditions: 105 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 139 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 19y ago; this cycle's ask is 8930% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $35k; list at $149k implies a 326% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1956 — 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.09%
• DSCR: 1.49
• GRM: 7.2

CMA / ARV

• ARV (median comp): $189,610
• List price: $149,000
• Delta: -21.42%
• 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
4624 Wright Rd	0.09mi	3/2.0	1,440 (+7%)	4mo	$165,000	$115	80
4949 Maid Marion Dr	0.25mi	3/1.5	1,332 (-1%)	20mo	$60,000	$45	68
5011 Hauck Dr	0.51mi	3/2.0	1,405 (+4%)	10mo	$205,450	$146	60
11214 Will Stutley Dr	0.28mi	3/2.0	1,446 (+8%)	18mo	$245,000	$169	59
4901 Cardenas St	0.63mi	3/2.0	1,412 (+5%)	9mo	$185,000	$131	55
10700 Vienna St	0.43mi	3/2.0	1,508 (+12%)	8mo	$120,000	$80	53
5019 Sierra Madre Dr	0.62mi	3/2.0	1,400 (+4%)	17mo	$114,800	$82	50
4844 Sierra Madre Dr	0.59mi	3/2.0	1,518 (+13%)	2mo	$195,000	$128	49
5001 Warren Dr	0.68mi	3/1.5	1,397 (+4%)	13mo	$165,000	$118	49
10131 Springwood St	0.74mi	3/2.0	1,418 (+6%)	12mo	$252,950	$178	46
10200 Pressburg St	0.73mi	2/1.5 (-1)	1,312 (-2%)	16mo	$65,000	$50	42
4619 Cardenas Dr	0.61mi	3/2.0	1,474 (+10%)	18mo	$184,000	$125	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-3,797
• Equity at exit: $22,216

10-year hold

• IRR: 7.3%
• Equity multiple: 1.55×
• Total profit: $22,981
• Equity at exit: $12,883

Cash invested: $41,720 (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 70128

• Home prices YoY: -5.9%
• Active inventory: 105
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,719 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$129 /mo · $1,550/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $319

Break-even live

Break-even rent $1,315

Max offer price $149,000

Occupancy floor 76%

Sensitivity live

Price	-10% $403	-5% $361	+0% $319	+5% $277	+10% $235
Rent	-10% $183	-5% $251	+0% $319	+5% $387	+10% $455
Rate	-1.0pp $394	-0.5pp $357	base $319	+0.5pp $280	+1.0pp $241

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5000 Cardenas Dr New Orleans, LA	3.0	2.0	1800	$1,920	$1.07	24d	1	0.68mi
5131 Bundy Rd New Orleans, LA	1.0–3.0	1.0–2.0	1000	$1,314	$1.31	2d	21	1.37mi

Listing history 36 events

1. 2026-06-18
   days on market $149,000 Active 139 DOM
2. 2026-06-17
   days on market $149,000 Active 138 DOM
3. 2026-06-16
   days on market $149,000 Active 137 DOM
4. 2026-06-15
   days on market $149,000 Active 136 DOM
5. 2026-06-13
   days on market $149,000 Active 134 DOM
6. 2026-06-10
   days on market $149,000 Active 131 DOM
7. 2026-06-09
   days on market $149,000 Active 130 DOM
8. 2026-06-08
   days on market $149,000 Active 129 DOM
9. 2026-06-07
   days on market $149,000 Active 128 DOM
10. 2026-06-05
    days on market $149,000 Active 125 DOM
11. 2026-06-03
    days on market $149,000 Active 124 DOM
12. 2026-06-02
    days on market $149,000 Active 123 DOM
13. 2026-06-01
    days on market $149,000 Active 122 DOM
14. 2026-05-31
    days on market $149,000 Active 121 DOM
15. 2026-03-20
    listed $1,650
16. 2026-03-20
    historical $1,650
17. 2026-03-03
    listed $1,650
18. 2026-03-03
    historical $1,650
19. 2026-02-23
    price $149,000 749-char remark

    Show marketing remark (749 chars)

    This charming 3 bedroom, 1.5 bathroom home offers a perfect blend of comfort and style. The interior boasts a newly renovated kitchen, featuring brand new cabinets and sleek granite countertops, great for culinary enthusiasts. The spacious living areas are filled with natural light creating a warm and inviting atmosphere. Outside, a covered carport provides convenient protection for your vehicle while the backyard offers plenty of space for outdoor activities or gardening. With modern updates and a thoughtful layout, this home will work for families or individuals looking for a cozy, move-in-ready space. Tenant occupied until end of February. Tenant will be present for showings. 24 hours notice needed. Also available for lease MLS 2538659.

20. 2026-02-23
    price $149,000 749-char remark

    Show marketing remark (749 chars)

    This charming 3 bedroom, 1.5 bathroom home offers a perfect blend of comfort and style. The interior boasts a newly renovated kitchen, featuring brand new cabinets and sleek granite countertops, great for culinary enthusiasts. The spacious living areas are filled with natural light creating a warm and inviting atmosphere. Outside, a covered carport provides convenient protection for your vehicle while the backyard offers plenty of space for outdoor activities or gardening. With modern updates and a thoughtful layout, this home will work for families or individuals looking for a cozy, move-in-ready space. Tenant occupied until end of February. Tenant will be present for showings. 24 hours notice needed. Also available for lease MLS 2538659.

21. 2026-01-31
    listed $1,650
22. 2026-01-20
    listed $155,000 Active 749-char remark

    Show marketing remark (749 chars)

    This charming 3 bedroom, 1.5 bathroom home offers a perfect blend of comfort and style. The interior boasts a newly renovated kitchen, featuring brand new cabinets and sleek granite countertops, great for culinary enthusiasts. The spacious living areas are filled with natural light creating a warm and inviting atmosphere. Outside, a covered carport provides convenient protection for your vehicle while the backyard offers plenty of space for outdoor activities or gardening. With modern updates and a thoughtful layout, this home will work for families or individuals looking for a cozy, move-in-ready space. Tenant occupied until end of February. Tenant will be present for showings. 24 hours notice needed. Also available for lease MLS 2538659.

23. 2026-01-20
    listed $155,000 Active 749-char remark

    Show marketing remark (749 chars)

    This charming 3 bedroom, 1.5 bathroom home offers a perfect blend of comfort and style. The interior boasts a newly renovated kitchen, featuring brand new cabinets and sleek granite countertops, great for culinary enthusiasts. The spacious living areas are filled with natural light creating a warm and inviting atmosphere. Outside, a covered carport provides convenient protection for your vehicle while the backyard offers plenty of space for outdoor activities or gardening. With modern updates and a thoughtful layout, this home will work for families or individuals looking for a cozy, move-in-ready space. Tenant occupied until end of February. Tenant will be present for showings. 24 hours notice needed. Also available for lease MLS 2538659.

24. 2025-03-15
    historical $1,750
25. 2025-01-31
    price $1,750
26. 2025-01-29
    listed $1,350
27. 2025-01-28
    price $159,000
28. 2025-01-28
    price $159,000
29. 2024-11-06
    listed $169,000 Active
30. 2008-01-02
    listed $129,000
31. 2008-01-02
    listed $129,000
32. 2007-07-02
    soldstatus $35,000
33. 2007-06-26
    soldstatus $35,000
34. 2007-01-12
    listed $40,000
35. 2007-01-12
    listed $40,000
36. 1978-05-24
    soldstatus $44,000

ⓘ 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: $1,550 · $129/mo
• Projected year-2 tax: $1,550 · $129/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 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,628
• − Mortgage interest: −$8,346
• − Property taxes: −$1,550
• − Insurance: −$1,542
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − Depreciation: −$4,335
• Taxable income: $1,555
• Est. tax owed @ 24.0%: −$373
• After-tax cash flow: $3,455/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
• City population: 338,817
• Population (ZIP): 22,973

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 (86%)
• Race & ethnicity: Black 86% Asian 5% White 4% Two or more races 3%
• Foreign-born: 4% · Vietnam, Canada
• Languages at home: 95% English-only · Vietnamese 4% Spanish 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: ▼ -15.51%
• Current HPI: 247.7131
• Rent YoY: —
• Metro: —
• 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

-96.2% since first listed

22 events — show timeline

• 2026-03-20 Listed for Rent $1,650 APPFOLIO
• 2026-03-20 Rental Removed $1,650 RAAMLS
• 2026-03-03 Listed for Rent $1,650 RAAMLS
• 2026-03-03 Rental Removed $1,650 GSREIN
• 2026-02-23 Price Changed $149,000 AcadianaMLS
• 2026-02-23 Price Changed $149,000 GSREIN
• 2026-01-31 Listed for Rent $1,650 GSREIN
• 2026-01-20 Listed $155,000 GSREIN
• 2026-01-20 Listed $155,000 AcadianaMLS
• 2025-03-15 Rental Removed $1,750 GSREIN
• 2025-01-31 Price Changed $1,750 GSREIN
• 2025-01-29 Listed for Rent $1,350 GSREIN
• 2025-01-28 Price Changed $159,000 AcadianaMLS
• 2025-01-28 Price Changed $159,000 GSREIN
• 2024-11-06 Listed $169,000 AcadianaMLS
• 2008-01-02 Listed $129,000 GSREIN
• 2008-01-02 Listed $129,000 AcadianaMLS
• 2007-07-02 Sold (Public Records) $35,000 Public Records
• 2007-06-26 Sold (MLS) $35,000 GSREIN
• 2007-01-12 Listed $40,000 GSREIN
• 2007-01-12 Listed $40,000 AcadianaMLS
• 1978-05-24 Sold (Public Records) $44,000 Public Records

Property tax history

-0.5%/yr

Latest (2026): $1,550 · +1.1% YoY. Source: county tax records.