1475 Lauradale Dr · New Orleans, LA 70114

$140,000

3 bd · 1.5 ba · 1,130 sqft · SingleFamily public records · 8 Days on market

Built 1971

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Why this score? — see what drove the C 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 +25.0/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• 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

<br><br>Step outside to a generously sized, fully fenced backyard, a private retreat with a spacious concrete patio perfect for entertaining, weekend barbecues, or simply unwinding under open skies, with plenty of green space for pets, play, or future garden dreams. Located in x500 flood zone.<br><br>

Key facts

• Tiled walk-in shower
• Covered patio
• Hardwood floors

Tags

• HARDWOOD FLOORS
• TILE BACKSPLASH
• COVERED PATIO
• TILED WALK-IN SHOWER
• DEDICATED LAUNDRY ROOM
• FULLY FENCED BACKYARD

Property features AI

Exterior

• Parking: Covered carport
• Utilities: Public water; Public sewer
• Home design: Single-story; Very good condition
• Construction: Brick and wood siding exterior; Shingle roof; Slab foundation; Built within prior decades
• Exterior features: Concrete patio/porch; City lot; Rectangular lot; Lot dimensions approximately 67 x 75

Interior

• Kitchen: Oven; Range; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.9% 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 (-0.7%/yr); 265 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 45% 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 $968 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 29y 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 $105k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $140,000

Questions for the listing agent

1. Built in 1971 — 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. 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: 1.15% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.39%
• DSCR: 1.42
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $88,140
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1416 Pace Blvd	0.35mi	3/1.0	1,118 (-1%)	1mo	$140,000	$125	79
1410 Hendee St	0.38mi	3/2.5	1,150 (+2%)	0mo	$90,000	$78	75
1327 Shirley Dr	0.16mi	3/2.0	1,274 (+13%)	6mo	$70,000	$55	65
1056 Farragut St	0.31mi	3/1.0	1,279 (+13%)	1mo	$85,000	$66	61
1518 Leboeuf St	0.57mi	2/1.0 (-1)	1,095 (-3%)	3mo	$15,000	$14	59
1240 Merrill St	0.50mi	3/1.0	1,192 (+6%)	9mo	$150,000	$126	58
704 Sumner St	0.67mi	3/1.5	1,127 (-0%)	12mo	$265,000	$235	58
1623 Shirley Dr	0.21mi	2/2.0 (-1)	1,275 (+13%)	8mo	$70,000	$55	55
1518 Elizardi Blvd	0.40mi	2/1.0 (-1)	1,270 (+12%)	3mo	$56,000	$44	52
1148 Southlawn Blvd	0.61mi	3/1.5	1,013 (-10%)	4mo	$137,700	$136	51
3308 Lamarque St	0.74mi	2/1.0 (-1)	1,128 (-0%)	10mo	$42,453	$38	50
1121 Southlawn Blvd	0.64mi	3/2.0	1,288 (+14%)	1mo	$145,000	$113	44

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: -8.6%
• Equity multiple: 0.69×
• Total profit: $-12,046
• Equity at exit: $20,874

10-year hold

• IRR: -3.9%
• Equity multiple: 0.78×
• Total profit: $-8,788
• Equity at exit: $12,105

Cash invested: $39,200 (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

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: 7.2×

Monthly cashflow live

• Estimated rent: $1,613 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $240

Break-even live

Break-even rent $1,309

Max offer price $140,000

Occupancy floor 80%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1625 Lauradale Dr New Orleans, LA	3.0	2.0	1029	$1,700	$1.65	3d	1	0.08mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	14d	1	0.18mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	2d	1	0.18mi
1421 Numa St Unit 1421 New Orleans, LA	3.0	2.0	861	$1,400	$1.63	24d	1	0.19mi
1418 Behrman Ave New Orleans, LA	2.0	1.0	876	$1,400	$1.60	16d	1	0.24mi
1510 Sumner St New Orleans, LA	2.0	1.0	950	$1,474	$1.55	16d	1	0.30mi
1719 Pace Blvd New Orleans, LA	3.0	1.0	1178	$2,000	$1.70	12d	1	0.39mi
1108 Sumner St New Orleans, LA	3.0	1.5	1197	$1,500	$1.25	12d	1	0.42mi
1622 Jo Ann Pl New Orleans, LA	3.0	1.5	1301	$1,500	$1.15	2d	1	0.45mi
2243 Kraft Pl New Orleans, LA	2.0	1.0	865	$1,200	$1.39	24d	1	0.48mi
1565 Murl St Unit B New Orleans, LA	2.0	2.0	1100	$1,100	$1.00	24d	1	0.50mi
3000 Americus St New Orleans, LA	3.0	2.0	1280	$1,400	$1.09	24d	1	0.51mi
1945 Pace Blvd Unit 104 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	24d	1	0.56mi
1945 Pace Blvd Apt 101 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	10d	1	0.56mi
2002 Pace Blvd Unit 103 New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	14d	1	0.58mi
3102 Lawrence St New Orleans, LA	2.0	1.0	950	$1,500	$1.58	24d	1	0.59mi
1200 Southlawn Blvd New Orleans, LA	3.0	2.0	950	$1,725	$1.82	24d	1	0.59mi
701 Behrman Ave New Orleans, LA	3.0	2.0	1368	$2,300	$1.68	3d	1	0.66mi
810 Whitney Ave New Orleans, LA	2.0	1.0	900	$1,250	$1.39	12d	1	0.70mi
807 Whitney Ave Unit 1 New Orleans, LA	3.0	2.0	1262	$1,500	$1.19	3d	1	0.73mi
1313 Flanders St New Orleans, LA	2.0	1.0	900	$1,295	$1.44	20d	1	0.77mi
1227 Flanders St New Orleans, LA	2.0	1.0	900	$1,000	$1.11	24d	1	0.78mi
740 Thayer Unit 2A New Orleans, LA	2.0	2.0	950	$1,350	$1.42	24d	1	0.83mi
718 Majestic Pl New Orleans, LA	3.0	2.0	1164	$1,785	$1.53	21d	1	0.84mi
735 Lees Ln Unit 2 New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	24d	1	0.90mi
909 Atlantic Ave New Orleans, LA	2.0	1.0	741	$1,200	$1.62	24d	1	0.90mi
1010 Isbell St Gretna, LA	3.0	1.0	1300	$1,350	$1.04	44d	1	1.00mi
335 Whitney Ave New Orleans, LA	2.0	1.0	1100	$1,575	$1.43	24d	1	1.01mi
625 Atlantic Ave New Orleans, LA	2.0	1.0	780	$1,400	$1.79	17d	1	1.01mi
543 Atlantic Ave New Orleans, LA	2.0	2.5	1430	$2,200	$1.54	24d	1	1.05mi
733 Elmira Ave New Orleans, LA	2.0	1.0	864	$1,100	$1.27	24d	1	1.05mi
606 Drum St New Orleans, LA	3.0	2.0	1131	$2,350	$2.08	24d	1	1.06mi
537 Pacific Ave New Orleans, LA	2.0	1.0	750	$1,400	$1.87	3d	1	1.10mi
537 Pacific Ave New Orleans, LA	2.0	1.0	750	$1,400	$1.87	3d	1	1.10mi
400 Park Blvd Unit A New Orleans, LA	4.0	1.5	1275	$2,200	$1.73	24d	1	1.12mi
507 Newton St New Orleans, LA	2.0	2.0	1150	$1,400	$1.22	24d	1	1.15mi
1140 Teche St Apt B New Orleans, LA	3.0	1.0	1100	$1,850	$1.68	24d	1	1.18mi
724 Evelina St Unit B New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	17d	1	1.20mi
620 Opelousas Ave Unit 103 New Orleans, LA	2.0	1.5	1000	$1,650	$1.65	3d	1	1.20mi
601 Vallette St New Orleans, LA	2.0	1.0	815	$1,600	$1.96	3d	1	1.23mi

Listing history 11 events

1. 2026-05-20
   listed $140,000 Active 302-char remark

   Show marketing remark (302 chars)

   <br><br>Step outside to a generously sized, fully fenced backyard, a private retreat with a spacious concrete patio perfect for entertaining, weekend barbecues, or simply unwinding under open skies, with plenty of green space for pets, play, or future garden dreams. Located in x500 flood zone.<br><br>

2. 2026-05-20
   listed $140,000 Active

   Show marketing remark (302 chars)

   <br><br>Step outside to a generously sized, fully fenced backyard, a private retreat with a spacious concrete patio perfect for entertaining, weekend barbecues, or simply unwinding under open skies, with plenty of green space for pets, play, or future garden dreams. Located in x500 flood zone.<br><br>

3. 2008-04-01
   soldstatus $105,000
4. 2008-03-31
   soldstatus $105,000
5. 2007-06-05
   listed $110,000
6. 2007-06-05
   listed $110,000
7. 1997-03-05
   soldstatus $47,000
8. 1997-03-03
   soldstatus $47,000
9. 1997-01-09
   listed $49,900
10. 1997-01-09
    listed $49,900
11. 1981-09-30
    soldstatus $44,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 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: $19,355
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$1,498
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$4,073
• Taxable income: $746
• Est. tax owed @ 24.0%: −$179
• After-tax cash flow: $2,704/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

+218.2% since first listed

11 events — show timeline

• 2026-05-20 Listed $140,000 GSREIN
• 2026-05-20 Listed $140,000 AcadianaMLS
• 2008-04-01 Sold (Public Records) $105,000 Public Records
• 2008-03-31 Sold (MLS) $105,000 GSREIN
• 2007-06-05 Listed $110,000 GSREIN
• 2007-06-05 Listed $110,000 AcadianaMLS
• 1997-03-05 Sold (Public Records) $47,000 Public Records
• 1997-03-03 Sold (MLS) $47,000 GSREIN
• 1997-01-09 Listed $49,900 GSREIN
• 1997-01-09 Listed $49,900 AcadianaMLS
• 1981-09-30 Sold (Public Records) $44,000 Public Records

Property tax history

-5.1%/yr

Latest (2026): $209 · -18.1% YoY. Source: county tax records.