2220 Lyndell Dr · Chalmette, LA 70043

$220,000

4 bd · 2.0 ba · 1,643 sqft · SingleFamily · 135 Days on market

Built 1984 $134/sqft · 13% below area Est $254k · 13% under ↓ 2% since listing

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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 +17.7/30.0
• ARV discount +13.6/15.0
• DSCR +5.5/10.0
• Schools +5.0/10.0
• 1% rule +3.9/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move In Ready waiting for you!!!! Well Maintained house in the heart of Chalmette. Come make this Open Floorplan 4 Bedroom/2Bath home yours... No Carpet. Tile throughout the house, covered carport and patio spacious kitchen has stainless appliance's with lots of counter space and cabinets. The lot next door can be purchased with the sale of house separate buyer would have first option.

Key facts

• Parking
• Built 1984
• Listed 135 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/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 $196k (10.7% below list).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 5.4% in Chalmette — 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 65/100 on livability (#137 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Market conditions: Rents rising (+3.1%/yr); 214 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($55k/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 $7k of value loss. Plan a longer hold.
• St. Bernard County population projected at +89% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($194k) 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major 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 $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 F 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. 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: 0.89% ✗
• Cap rate: 7.26%
• Cash-on-cash: 3.46%
• DSCR: 1.15
• GRM: 9.3

CMA / ARV

• ARV (median comp): $254,210
• List price: $220,000
• Delta: -13.46%
• 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
2208 Marietta St	0.06mi	3/2.5 (-1)	1,757 (+7%)	2mo	$282,000	$161	77
2705 Pecan Dr	0.60mi	4/2.0	1,554 (-5%)	4mo	$260,000	$167	60
2504 Gallo Dr	0.57mi	3/2.0 (-1)	1,721 (+5%)	3mo	$230,000	$134	58
1100 Missouri St	0.72mi	3/2.5 (-1)	1,650 (+0%)	1mo	$315,000	$191	57
2408 Riverland Dr	0.43mi	3/2.0 (-1)	1,505 (-8%)	4mo	$270,000	$179	57
2229 Riverland Dr	0.43mi	3/2.0 (-1)	1,828 (+11%)	1mo	$185,000	$101	56
2425 Charles Dr	0.65mi	3/2.0 (-1)	1,520 (-8%)	3mo	$250,000	$164	50
2804 Volpe Dr	0.67mi	4/2.0	1,808 (+10%)	4mo	$418,500	$231	48
3000 Plaza Dr	0.58mi	3/2.0 (-1)	1,842 (+12%)	2mo	$309,900	$168	46
3217 Lyndell Dr	0.74mi	3/2.0 (-1)	1,777 (+8%)	4mo	$285,000	$160	44
3100 Marietta St	0.63mi	3/1.0 (-1)	1,464 (-11%)	4mo	$60,000	$41	40
3021 Karen Dr	0.73mi	3/2.0 (-1)	1,841 (+12%)	2mo	$265,000	$144	39

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 · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.54×
• Total profit: $-28,357
• Equity at exit: $32,803

10-year hold

• IRR: -3.6%
• Equity multiple: 0.76×
• Total profit: $-14,743
• Equity at exit: $19,022

Cash invested: $61,600 (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 70043

• Rents YoY: 3.1%
• Active inventory: 214
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,964 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$129 /mo · $1,542/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $111

Break-even live

Break-even rent $1,823

Max offer price $220,000

Occupancy floor 89%

Sensitivity live

Price	-10% $236	-5% $174	+0% $111	+5% $49	+10% $-13
Rent	-10% $-44	-5% $34	+0% $111	+5% $189	+10% $267
Rate	-1.0pp $222	-0.5pp $167	base $111	+0.5pp $54	+1.0pp $-4

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2029 W Beauregard St Chalmette, LA	3.0	2.0	1176	$2,200	$1.87	18d	1	0.20mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	45d	1	0.26mi
2429 Octavia Dr Chalmette, LA	3.0	2.0	1700	$1,575	$0.93	25d	1	0.29mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	45d	1	0.29mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	45d	1	0.32mi
2228 Riverland Dr Chalmette, LA	3.0	1.0	1300	$1,800	$1.38	4d	1	0.41mi
2708 Volpe Dr Chalmette, LA	3.0	2.0	1556	$2,300	$1.48	23d	1	0.65mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	45d	1	0.74mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	45d	1	0.74mi
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	4d	1	0.76mi
3012 Volpe Dr Chalmette, LA	3.0	2.0	1812	$2,500	$1.38	45d	1	0.82mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	12d	1	0.85mi
2707 Jackson Blvd Chalmette, LA	3.0	2.5	1733	$2,300	$1.33	25d	1	0.94mi
2707 Jackson Blvd Chalmette, LA	3.0	3.0	1733	$2,300	$1.33	45d	1	0.94mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	3d	1	0.95mi
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	25d	1	1.05mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	3d	1	1.08mi
3708 Veronica Dr Chalmette, LA	3.0	2.0	1818	$2,550	$1.40	3d	1	1.19mi
3711 Tournefort St Chalmette, LA	3.0	2.0	1250	$1,850	$1.48	5d	1	1.19mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	12d	1	1.21mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	22d	1	1.34mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	45d	1	1.34mi
3629 Charles Dr Chalmette, LA	3.0	2.0	1405	$1,600	$1.14	16d	1	1.35mi
3408 Bryson St New Orleans, LA	3.0	2.0	1163	$2,200	$1.89	25d	1	1.36mi
3429 Bryson St New Orleans, LA	3.0	2.0	1250	$2,200	$1.76	25d	1	1.38mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	13d	1	1.39mi

Listing history 18 events

1. 2026-06-21
   days on market $220,000 Active 135 DOM
2. 2026-06-18
   days on market $220,000 Active 132 DOM
3. 2026-06-17
   days on market $220,000 Active 131 DOM
4. 2026-06-16
   days on market $220,000 Active 130 DOM
5. 2026-06-15
   days on market $220,000 Active 129 DOM
6. 2026-06-13
   days on market $220,000 Active 127 DOM
7. 2026-06-10
   days on market $220,000 Active 124 DOM
8. 2026-06-09
   days on market $220,000 Active 123 DOM
9. 2026-06-08
   days on market $220,000 Active 122 DOM
10. 2026-06-07
    days on market $220,000 Active 121 DOM
11. 2026-06-03
    days on market $220,000 Active 117 DOM
12. 2026-06-02
    days on market $220,000 Active 116 DOM
13. 2026-06-01
    days on market $220,000 Active 115 DOM
14. 2026-05-31
    days on market $220,000 Active 114 DOM
15. 2026-05-15
    price $220,000 388-char remark

    Show marketing remark (390 chars)

    Move In Ready waiting for you!!!! Well Maintained house in the heart of Chalmette. Come make this Open Floorplan 4 Bedroom/2Bath home yours. .. No Carpet. Tile throughout the house, covered carport and patio spacious kitchen has stainless appliance's with lots of counter space and cabinets. The lot next door can be purchased with the sale of house separate buyer would have first option.

16. 2026-05-15
    price $220,000 390-char remark

    Show marketing remark (390 chars)

    Move In Ready waiting for you!!!! Well Maintained house in the heart of Chalmette. Come make this Open Floorplan 4 Bedroom/2Bath home yours. .. No Carpet. Tile throughout the house, covered carport and patio spacious kitchen has stainless appliance's with lots of counter space and cabinets. The lot next door can be purchased with the sale of house separate buyer would have first option.

17. 2026-02-06
    listed $225,000 Active 388-char remark

    Show marketing remark (390 chars)

    Move In Ready waiting for you!!!! Well Maintained house in the heart of Chalmette. Come make this Open Floorplan 4 Bedroom/2Bath home yours. .. No Carpet. Tile throughout the house, covered carport and patio spacious kitchen has stainless appliance's with lots of counter space and cabinets. The lot next door can be purchased with the sale of house separate buyer would have first option.

18. 2026-02-06
    listed $225,000 Active 390-char remark

    Show marketing remark (390 chars)

    Move In Ready waiting for you!!!! Well Maintained house in the heart of Chalmette. Come make this Open Floorplan 4 Bedroom/2Bath home yours. .. No Carpet. Tile throughout the house, covered carport and patio spacious kitchen has stainless appliance's with lots of counter space and cabinets. The lot next door can be purchased with the sale of house separate buyer would have first option.

ⓘ 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: $1,542 · $129/mo
• Projected year-2 tax: $1,542 · $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 7/10 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,571
• − Mortgage interest: −$12,323
• − Property taxes: −$1,542
• − Insurance: −$1,898
• − Repairs & maintenance: −$1,886
• − Management: −$1,886
• − Depreciation: −$6,400
• Taxable loss: −$2,364
• Est. tax savings @ 24.0%: +$567
• After-tax cash flow: $1,904/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)

No district data.

Livability — Chalmette

• Score: 65/100
• State rank: #137
• US rank: #12500

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chalmette, LA
• County: Saint Bernard Parish · 22,638 people
• City population: 22,638
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,638
• Household income: $55,068
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 881.0

Population outlook (St. Bernard County) Hauer SSP2

• Today (2025): 66,513 people
• By 2030: 77,768 · +16.9%
• By 2040: 101,296 · +52.3%
• By 2050: 125,770 · +89.1%
• By 2075: 188,160 · +182.9%
• By 2100: 239,339 · +259.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 55% Black 26% Hispanic / Latino 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 13% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Arabic 1% Vietnamese 1%

Political lean MEDSL · St. Bernard

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: +16.1pp toward D · 2008: -45.4pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+28.5 2016: R+33.4 2012: R+24.7 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.77%
• Current HPI: 194.8123
• Rent YoY: ▲ 3.11%
• 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

-2.2% since first listed

4 events — show timeline

• 2026-05-15 Price Changed $220,000 AcadianaMLS
• 2026-05-15 Price Changed $220,000 GSREIN
• 2026-02-06 Listed $225,000 GSREIN
• 2026-02-06 Listed $225,000 AcadianaMLS

Property tax history

+2.0%/yr

Latest (2025): $1,542 · +6.0% YoY. Source: county tax records.