215 Olivier St · New Orleans, LA
Flood risk 7/10 · Major
- FEMA flood zone
- X
- 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 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 +26.2/30.0
- ARV discount +15.0/15.0
- DSCR +8.9/10.0
- 1% rule +6.3/10.0
- 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
$340,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
<BR> <BR> ONE OF THE GREATEST BENEFITS OF LIVING HERE IS THE UNMATCHED WALKABILITY. YOU'RE STEPS AWAY FROM BELOVED LOCAL RESTAURANTS, PUBS, COFFEE SHOPS, ART MARKETS, ALGIERS MUSEUM, FESTIVALS, LIVE MUSIC, AND COMMUNITY EVENTS. TAKE A SHORT STROLL TO THE ALGIERS FERRY FOR A SCENIC RIDE TO DOWNTOWN NEW ORLEANS, WHERE EVEN MORE DINING, SHOPPING, AND CULTURAL EXPERIENCES AWAIT. OUTDOOR ENTHUSIASTS WILL ENJOY EASY ACCESS TO PARKS, BIKE TRAILS, AND THE LEVEE. AND FOR THE MOMENTS YOU PREFER TO DRIVE, YOU'RE JUST NINE MINUTES FROM DOWNTOWN, UPTOWN, AND THE MEDICAL CORRIDOR. <BR> <BR> THIS IS A RARE OPPORTUNITY TO OWN A PIECE OF NEW ORLEANS HISTORY--WHERE TIMELESS CHARM, WALKABLE LIVING, AND COMFORT ALL COME TOGETHER.
Key facts
- Spacious wood deck
- Renovated kitchen
- Historic cottage
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 5-bed/2.0-bath single-family listed at $340k.
Deal economics
- At list price, monthly cash flow is $804 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($4k rent vs $340k).
- Recommended offer: $299k (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.
- 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 18d 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).
- At $3,852/mo this rent would consume 106% of the median local household income ($43k/yr) (locally 2240% 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 $10k 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 168 days — a 12% lower offer ($299k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts 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 $70k; list at $340k implies a 389% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1870 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major 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
- It's been on market 168 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1870 — 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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 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
- 1.13% ✓
- Cap rate
- 9.37%
- Cash-on-cash
- 10.98%
- DSCR
- 1.49
- GRM
- 7.4
CMA / ARV
- ARV (median comp)
- $408,070
- List price
- $340,000
- Delta
- -16.68%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -4.4%
- Equity multiple
- 0.84×
- Total profit
- $-15,170
- Equity at exit
- $50,695
- IRR
- 1.5%
- Equity multiple
- 1.10×
- Total profit
- $9,084
- Equity at exit
- $29,397
Cash invested: $95,200 (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 70114
- Rents YoY
- -0.7%
- Active inventory
- 265
- Price-to-rent
- 7.4×
Monthly cashflow live
- Estimated rent
- $3,852 high interval (Pro) →
- Mortgage (P&I)
- −$1,783
- Tax from tax record
- −$247 /mo · $2,968/yr
- Insurance
- −$142
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$809
- Net cashflow
- $804
Break-even live
Sensitivity live
| Price | -10% $997 | -5% $900 | +0% $804 | +5% $708 | +10% $612 |
|---|---|---|---|---|---|
| Rent | -10% $500 | -5% $652 | +0% $804 | +5% $956 | +10% $1,108 |
| Rate | -1.0pp $975 | -0.5pp $891 | base $804 | +0.5pp $716 | +1.0pp $626 |
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
- $85,000
- Closing costs
- $10,200
- 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 13 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 249 Vallette St New Orleans, LA | 4.0 | 2.0 | 1734 | $2,500 | $1.44 | 17d | 1 | 0.06mi |
| 433 Homer St Unit 1 New Orleans, LA | 4.0 | 2.0 | 1570 | $1,850 | $1.18 | 25d | 1 | 0.54mi |
| 632 Mandeville St Unit 2B New Orleans, LA | 4.0 | 4.5 | 1337 | $4,500 | $3.37 | 18d | 1 | 0.77mi |
| 1418 Royal St Unit 1418 New Orleans, LA | 4.0 | 2.0 | 1300 | $2,450 | $1.88 | 25d | 1 | 0.87mi |
| 400 Park Blvd Unit A New Orleans, LA | 4.0 | 1.5 | 1275 | $2,200 | $1.73 | 25d | 1 | 0.97mi |
| 2317 N Rampart St Unit 1272378P New Orleans, LA | 3.0–6.0 | 2.0–4.0 | 1581 | $6,144 | $3.88 | 5d | 2 | 0.99mi |
| 4021 St Claude Ave New Orleans, LA | 4.0 | 2.0 | 1016 | $1,275 | $1.25 | 5d | 1 | 1.23mi |
| 800 Gravier St Unit 1272312P New Orleans, LA | 2.0–4.0 | 2.0–4.0 | 1673 | $6,169 | $3.69 | 16d | 2 | 1.23mi |
| 1011 Canal St Unit 1513926P New Orleans, LA | 1.0–4.0 | 1.0–4.0 | 1016 | $12,077 | $11.88 | 3d | 2 | 1.31mi |
| 1011 Canal St Unit 1513939P New Orleans, LA | 4.0 | 4.0 | 1765 | $11,253 | $6.38 | 25d | 1 | 1.31mi |
| 5624-5626 Saint Claude ST New Orleans, LA | 4.0 | 3.0 | 1521 | $2,300 | $1.51 | 25d | 1 | 1.33mi |
| 822 Perdido St Unit 1272370P New Orleans, LA | 1.0–5.0 | 1.0–5.0 | 1447 | $7,361 | $5.09 | 5d | 4 | 1.34mi |
| 1050 Annunciation St Unit 1272355P New Orleans, LA | 2.0–5.0 | 2.0–4.0 | 1544 | $4,490 | $2.91 | 5d | 3 | 1.40mi |
Listing history 5 events
-
2026-03-30price $340,000 719-char remark
Show marketing remark (1694 chars)
WELCOME TO THIS BEAUTIFULLY PRESERVED THREE-BEDROOM HISTORIC COTTAGE, SET ON ONE OF ALGIERS POINT’S CHARMING, MATURE TREE-LINED STREETS. THIS HOME CAPTURES THE SPIRIT OF CLASSIC NEW ORLEANS ARCHITECTURE WITH ITS TALL CEILINGS, INTRICATE MILLWORK, EXPANSIVE HISTORIC WINDOWS, AND ORIGINAL HARDWOOD FLOORS THAT BRING WARMTH AND AUTHENTICITY THROUGHOUT. THE RENOVATED KITCHEN BLENDS MODERN CONVENIENCE WITH CLASSIC STYLE, CREATING A WELCOMING SPACE FOR COOKING AND GATHERING. INDOOR LAUNDRY ADDS EVERYDAY PRACTICALITY, WHILE MULTIPLE DECORATIVE FIREPLACES HIGHLIGHT THE ENDURING CHARACTER THAT MAKES NEW ORLEANS HOMES SO SPECIAL. STEP OUTSIDE TO A SPACIOUS WOOD DECK, WELL-SUITED FOR HOSTING, GREAT FOR BARBECUES, CRAWFISH BOILS, OR RELAXED EVENINGS SPENT WITH FAMILY AND FRIENDS. WITH A LITTLE MORE TLC OR THE OPPORTUNITY TO ADD YOUR OWN PERSONAL TOUCHES, THIS GEM OFFERS THE POTENTIAL TO TRULY MAKE IT YOUR OWN WHILE PRESERVING THE HISTORIC CHARM ALGIERS POINT IS KNOWN FOR. ONE OF THE GREATEST BENEFITS OF LIVING HERE IS THE UNMATCHED WALKABILITY. YOU’RE STEPS AWAY FROM BELOVED LOCAL RESTAURANTS, PUBS, COFFEE SHOPS, ART MARKETS, ALGIERS MUSEUM, FESTIVALS, LIVE MUSIC, AND COMMUNITY EVENTS. TAKE A SHORT STROLL TO THE ALGIERS FERRY FOR A SCENIC RIDE TO DOWNTOWN NEW ORLEANS, WHERE EVEN MORE DINING, SHOPPING, AND CULTURAL EXPERIENCES AWAIT. OUTDOOR ENTHUSIASTS WILL ENJOY EASY ACCESS TO PARKS, BIKE TRAILS, AND THE LEVEE. AND FOR THE MOMENTS YOU PREFER TO DRIVE, YOU'RE JUST NINE MINUTES FROM DOWNTOWN, UPTOWN, AND THE MEDICAL CORRIDOR. THIS IS A RARE OPPORTUNITY TO OWN A PIECE OF NEW ORLEANS HISTORY—WHERE TIMELESS CHARM, WALKABLE LIVING, AND COMFORT ALL COME TOGETHER.
-
2026-03-30price $340,000 1694-char remark
Show marketing remark (1694 chars)
WELCOME TO THIS BEAUTIFULLY PRESERVED THREE-BEDROOM HISTORIC COTTAGE, SET ON ONE OF ALGIERS POINT’S CHARMING, MATURE TREE-LINED STREETS. THIS HOME CAPTURES THE SPIRIT OF CLASSIC NEW ORLEANS ARCHITECTURE WITH ITS TALL CEILINGS, INTRICATE MILLWORK, EXPANSIVE HISTORIC WINDOWS, AND ORIGINAL HARDWOOD FLOORS THAT BRING WARMTH AND AUTHENTICITY THROUGHOUT. THE RENOVATED KITCHEN BLENDS MODERN CONVENIENCE WITH CLASSIC STYLE, CREATING A WELCOMING SPACE FOR COOKING AND GATHERING. INDOOR LAUNDRY ADDS EVERYDAY PRACTICALITY, WHILE MULTIPLE DECORATIVE FIREPLACES HIGHLIGHT THE ENDURING CHARACTER THAT MAKES NEW ORLEANS HOMES SO SPECIAL. STEP OUTSIDE TO A SPACIOUS WOOD DECK, WELL-SUITED FOR HOSTING, GREAT FOR BARBECUES, CRAWFISH BOILS, OR RELAXED EVENINGS SPENT WITH FAMILY AND FRIENDS. WITH A LITTLE MORE TLC OR THE OPPORTUNITY TO ADD YOUR OWN PERSONAL TOUCHES, THIS GEM OFFERS THE POTENTIAL TO TRULY MAKE IT YOUR OWN WHILE PRESERVING THE HISTORIC CHARM ALGIERS POINT IS KNOWN FOR. ONE OF THE GREATEST BENEFITS OF LIVING HERE IS THE UNMATCHED WALKABILITY. YOU’RE STEPS AWAY FROM BELOVED LOCAL RESTAURANTS, PUBS, COFFEE SHOPS, ART MARKETS, ALGIERS MUSEUM, FESTIVALS, LIVE MUSIC, AND COMMUNITY EVENTS. TAKE A SHORT STROLL TO THE ALGIERS FERRY FOR A SCENIC RIDE TO DOWNTOWN NEW ORLEANS, WHERE EVEN MORE DINING, SHOPPING, AND CULTURAL EXPERIENCES AWAIT. OUTDOOR ENTHUSIASTS WILL ENJOY EASY ACCESS TO PARKS, BIKE TRAILS, AND THE LEVEE. AND FOR THE MOMENTS YOU PREFER TO DRIVE, YOU'RE JUST NINE MINUTES FROM DOWNTOWN, UPTOWN, AND THE MEDICAL CORRIDOR. THIS IS A RARE OPPORTUNITY TO OWN A PIECE OF NEW ORLEANS HISTORY—WHERE TIMELESS CHARM, WALKABLE LIVING, AND COMFORT ALL COME TOGETHER.
-
2025-12-10$350,000 Active 719-char remark
Show marketing remark (1694 chars)
WELCOME TO THIS BEAUTIFULLY PRESERVED THREE-BEDROOM HISTORIC COTTAGE, SET ON ONE OF ALGIERS POINT’S CHARMING, MATURE TREE-LINED STREETS. THIS HOME CAPTURES THE SPIRIT OF CLASSIC NEW ORLEANS ARCHITECTURE WITH ITS TALL CEILINGS, INTRICATE MILLWORK, EXPANSIVE HISTORIC WINDOWS, AND ORIGINAL HARDWOOD FLOORS THAT BRING WARMTH AND AUTHENTICITY THROUGHOUT. THE RENOVATED KITCHEN BLENDS MODERN CONVENIENCE WITH CLASSIC STYLE, CREATING A WELCOMING SPACE FOR COOKING AND GATHERING. INDOOR LAUNDRY ADDS EVERYDAY PRACTICALITY, WHILE MULTIPLE DECORATIVE FIREPLACES HIGHLIGHT THE ENDURING CHARACTER THAT MAKES NEW ORLEANS HOMES SO SPECIAL. STEP OUTSIDE TO A SPACIOUS WOOD DECK, WELL-SUITED FOR HOSTING, GREAT FOR BARBECUES, CRAWFISH BOILS, OR RELAXED EVENINGS SPENT WITH FAMILY AND FRIENDS. WITH A LITTLE MORE TLC OR THE OPPORTUNITY TO ADD YOUR OWN PERSONAL TOUCHES, THIS GEM OFFERS THE POTENTIAL TO TRULY MAKE IT YOUR OWN WHILE PRESERVING THE HISTORIC CHARM ALGIERS POINT IS KNOWN FOR. ONE OF THE GREATEST BENEFITS OF LIVING HERE IS THE UNMATCHED WALKABILITY. YOU’RE STEPS AWAY FROM BELOVED LOCAL RESTAURANTS, PUBS, COFFEE SHOPS, ART MARKETS, ALGIERS MUSEUM, FESTIVALS, LIVE MUSIC, AND COMMUNITY EVENTS. TAKE A SHORT STROLL TO THE ALGIERS FERRY FOR A SCENIC RIDE TO DOWNTOWN NEW ORLEANS, WHERE EVEN MORE DINING, SHOPPING, AND CULTURAL EXPERIENCES AWAIT. OUTDOOR ENTHUSIASTS WILL ENJOY EASY ACCESS TO PARKS, BIKE TRAILS, AND THE LEVEE. AND FOR THE MOMENTS YOU PREFER TO DRIVE, YOU'RE JUST NINE MINUTES FROM DOWNTOWN, UPTOWN, AND THE MEDICAL CORRIDOR. THIS IS A RARE OPPORTUNITY TO OWN A PIECE OF NEW ORLEANS HISTORY—WHERE TIMELESS CHARM, WALKABLE LIVING, AND COMFORT ALL COME TOGETHER.
-
2025-12-10$350,000 Active 1694-char remark
Show marketing remark (1694 chars)
WELCOME TO THIS BEAUTIFULLY PRESERVED THREE-BEDROOM HISTORIC COTTAGE, SET ON ONE OF ALGIERS POINT’S CHARMING, MATURE TREE-LINED STREETS. THIS HOME CAPTURES THE SPIRIT OF CLASSIC NEW ORLEANS ARCHITECTURE WITH ITS TALL CEILINGS, INTRICATE MILLWORK, EXPANSIVE HISTORIC WINDOWS, AND ORIGINAL HARDWOOD FLOORS THAT BRING WARMTH AND AUTHENTICITY THROUGHOUT. THE RENOVATED KITCHEN BLENDS MODERN CONVENIENCE WITH CLASSIC STYLE, CREATING A WELCOMING SPACE FOR COOKING AND GATHERING. INDOOR LAUNDRY ADDS EVERYDAY PRACTICALITY, WHILE MULTIPLE DECORATIVE FIREPLACES HIGHLIGHT THE ENDURING CHARACTER THAT MAKES NEW ORLEANS HOMES SO SPECIAL. STEP OUTSIDE TO A SPACIOUS WOOD DECK, WELL-SUITED FOR HOSTING, GREAT FOR BARBECUES, CRAWFISH BOILS, OR RELAXED EVENINGS SPENT WITH FAMILY AND FRIENDS. WITH A LITTLE MORE TLC OR THE OPPORTUNITY TO ADD YOUR OWN PERSONAL TOUCHES, THIS GEM OFFERS THE POTENTIAL TO TRULY MAKE IT YOUR OWN WHILE PRESERVING THE HISTORIC CHARM ALGIERS POINT IS KNOWN FOR. ONE OF THE GREATEST BENEFITS OF LIVING HERE IS THE UNMATCHED WALKABILITY. YOU’RE STEPS AWAY FROM BELOVED LOCAL RESTAURANTS, PUBS, COFFEE SHOPS, ART MARKETS, ALGIERS MUSEUM, FESTIVALS, LIVE MUSIC, AND COMMUNITY EVENTS. TAKE A SHORT STROLL TO THE ALGIERS FERRY FOR A SCENIC RIDE TO DOWNTOWN NEW ORLEANS, WHERE EVEN MORE DINING, SHOPPING, AND CULTURAL EXPERIENCES AWAIT. OUTDOOR ENTHUSIASTS WILL ENJOY EASY ACCESS TO PARKS, BIKE TRAILS, AND THE LEVEE. AND FOR THE MOMENTS YOU PREFER TO DRIVE, YOU'RE JUST NINE MINUTES FROM DOWNTOWN, UPTOWN, AND THE MEDICAL CORRIDOR. THIS IS A RARE OPPORTUNITY TO OWN A PIECE OF NEW ORLEANS HISTORY—WHERE TIMELESS CHARM, WALKABLE LIVING, AND COMFORT ALL COME TOGETHER.
-
1989-01-30soldstatus $69,500
ⓘ 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
- $2,968 · $247/mo
- Projected year-2 tax
- $2,968 · $247/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 7/10 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 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
- $46,218
- − Mortgage interest
- −$19,045
- − Property taxes
- −$2,968
- − Insurance
- −$2,498
- − Repairs & maintenance
- −$3,697
- − Management
- −$3,697
- − Depreciation
- −$9,891
- Taxable income
- $4,421
- Est. tax owed @ 24.0%
- −$1,061
- After-tax cash flow
- $8,590/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)
- 22,659
- Household income
- $43,493
- Rent vs 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 |
|
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| Advertising | 1 | $2B |
|
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Price history
+389.2% since first listed5 events — show timeline
- 2026-03-30 Price Changed $340,000 AcadianaMLS
- 2026-03-30 Price Changed $340,000 GSREIN
- 2025-12-10 Listed $350,000 GSREIN
- 2025-12-10 Listed $350,000 AcadianaMLS
- 1989-01-30 Sold (Public Records) $69,500 Public Records
Property tax history
+0.9%/yrLatest (2026): $2,968 · -5.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…