Triplex
3219 21 Louisiana Ave Pkwy · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.78%
- Est. flood insurance / yr
- $1,737 – $8,500
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 3/10 · Minor
- Unhealthy air days now
- 3 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 +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.0/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$295,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed
Listing remarks MLS
Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.
Key facts
- 2 parking spots
- Built 1950
- Listed 696 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2×3bd/1.0ba + 1×2bd/1.0ba units multifamily listed at $295k.
Deal economics
- At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $485/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $295k).
- Recommended offer: $260k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.9% 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 flat; 217 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $4,730/mo this rent would consume 93% of the median local household income ($61k/yr) (locally 1270% 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 $9k 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.
- At projected returns (-3.0% appreciation + 0.7% rent growth), your $83k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 696 days — a 12% lower offer ($260k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 19y ago; this cycle's ask is 22164% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $60k; list at $295k implies a 392% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 696 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1950 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.60% ✓
- Cap rate
- 13.95%
- Cash-on-cash
- 27.34%
- DSCR
- 2.22
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $357,397
- List price
- $295,000
- Delta
- -17.46%
- 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 |
|---|---|---|---|---|---|---|---|
| 3619-25 Delachaise St | 0.25mi | 4/4.0 (+1) | 2,162 (-1%) | 7mo | $315,000 | $146 | 73 |
| 3526 Louisiana Ave Pkwy | 0.19mi | 4/2.0 (+1) | 2,200 (+1%) | 11mo | $153,000 | $70 | 71 |
| 2900 General Taylor St | 0.31mi | 4/4.0 (+1) | 2,322 (+7%) | 8mo | $387,000 | $167 | 59 |
| 2217 Willow St | 0.51mi | 4/3.0 (+1) | 2,082 (-4%) | 8mo | $189,000 | $91 | 57 |
| 2232-34 S Salcedo St | 0.61mi | 4/2.0 (+1) | 2,108 (-3%) | 1mo | $391,237 | $186 | 56 |
| 4325 27 Jena St | 0.67mi | 4/2.0 (+1) | 2,149 (-1%) | 3mo | $307,500 | $143 | 55 |
| 3324-26 Second St | 0.31mi | 4/2.0 (+1) | 1,995 (-8%) | 9mo | $30,003 | $15 | 55 |
| 3112 14 General Taylor St | 0.19mi | 4/2.0 (+1) | 1,930 (-11%) | 11mo | $265,000 | $137 | 54 |
| 2712 14 S Johnson St | 0.19mi | 4/4.0 (+1) | 1,870 (-14%) | 6mo | $246,200 | $132 | 54 |
| 2315 Peniston St | 0.65mi | 4/2.0 (+1) | 2,115 (-3%) | 7mo | $275,000 | $130 | 50 |
| 4419 21 Fontainebleau Dr | 0.73mi | 4/2.0 (+1) | 2,399 (+10%) | 8mo | $440,000 | $183 | 33 |
| 2521 Robert St | 0.73mi | 4/2.5 (+1) | 2,489 (+14%) | 10mo | $260,000 | $104 | 27 |
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 · 0.73% rent growth · sell at horizon
- IRR
- 10.9%
- Equity multiple
- 1.42×
- Total profit
- $34,559
- Equity at exit
- $43,985
- IRR
- 17.9%
- Equity multiple
- 2.32×
- Total profit
- $108,942
- Equity at exit
- $25,506
Cash invested: $82,600 (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
ZIP-level market 70125
- Home prices YoY
- -16.3%
- Rents YoY
- 0.7%
- Active inventory
- 217
- Price-to-rent
- 14.6×
Monthly cashflow live
- Estimated rent
- $4,730 high interval (Pro) →
- Mortgage (P&I)
- −$1,547
- Tax from tax record
- −$185 /mo · $2,216/yr
- Insurance
- −$123
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$993
- Net cashflow
- $1,456
Break-even live
3-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 1 | $3,366 |
| #1 | 3 | 1 | $1,683 |
| #2 | 3 | 1 | $1,683 |
| 1× unit | 2 | 1 | $1,365 |
| Total (3 units) | $4,730 | ||
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
- $73,750
- Closing costs
- $8,850
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3200 Washington Ave Unit NA New Orleans, LA | 4.0 | 3.0 | 2490 | $3,400 | $1.37 | 3d | 1 | 0.11mi |
| 2833 S Derbigny St New Orleans, LA | 3.0 | 2.0 | 1500 | $1,795 | $1.20 | 24d | 1 | 0.12mi |
| 3044 Louisiana Avenue Pkwy New Orleans, LA | 3.0 | 2.0 | 1800 | $1,900 | $1.06 | 24d | 1 | 0.13mi |
| 3035 Delachaise St New Orleans, LA | 3.0 | 1.0 | 1968 | $1,750 | $0.89 | 2d | 1 | 0.16mi |
| 4027 S Derbigny St New Orleans, LA | 3.0 | 2.0 | 2950 | $1,950 | $0.66 | 24d | 1 | 0.17mi |
| 2614 S Johnson St New Orleans, LA | 3.0 | 2.0 | 1536 | $2,079 | $1.35 | 15d | 1 | 0.21mi |
| 2617 S Johnson St New Orleans, LA | 2.0 | 1.0 | 1500 | $1,300 | $0.87 | 24d | 1 | 0.22mi |
| 2606 S Miro St New Orleans, LA | 3.0 | 2.0 | 1450 | $2,016 | $1.39 | 24d | 1 | 0.28mi |
| 3429 Clara St New Orleans, LA | 3.0 | 2.0 | 1620 | $2,350 | $1.45 | 15d | 1 | 0.34mi |
| 4442 S Johnson St Unit 4442 New Orleans, LA | 4.0 | 4.5 | 3000 | $4,500 | $1.50 | 12d | 1 | 0.42mi |
| 3350 Jena St New Orleans, LA | 3.0 | 2.5 | 2200 | $2,500 | $1.14 | 44d | 1 | 0.43mi |
| 2717 Milan St New Orleans, LA | 3.0 | 1.5 | 1850 | $1,650 | $0.89 | 15d | 1 | 0.45mi |
| 4500 S Miro St Unit B New Orleans, LA | 2.0 | 1.0 | 1500 | $2,000 | $1.33 | 24d | 1 | 0.45mi |
| 2608 Magnolia St New Orleans, LA | 4.0 | 2.5 | 1950 | $3,200 | $1.64 | 44d | 1 | 0.47mi |
| 2600 Peniston St New Orleans, LA | 4.0 | 2.0 | 2342 | $3,500 | $1.49 | 44d | 1 | 0.50mi |
| 3114 Cadiz St New Orleans, LA | 2.0 | 2.0 | 1500 | $2,500 | $1.67 | 24d | 1 | 0.52mi |
| 4603 S Miro St New Orleans, LA | 3.0 | 2.0 | 1650 | $1,650 | $1.00 | 24d | 1 | 0.53mi |
| 3636 Upperline St New Orleans, LA | 3.0 | 1.0 | 1600 | $1,975 | $1.23 | 24d | 1 | 0.58mi |
| 5417 S Johnson St New Orleans, LA | 3.0 | 3.0 | 1739 | $2,900 | $1.67 | 17d | 1 | 0.69mi |
| 4400 Elba St New Orleans, LA | 3.0 | 2.0 | 1600 | $1,875 | $1.17 | 24d | 1 | 0.74mi |
| 4223 S Liberty St New Orleans, LA | 3.0 | 1.5 | 1509 | $2,400 | $1.59 | 3d | 1 | 0.74mi |
| 4403 Elba St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,800 | $1.29 | 3d | 1 | 0.74mi |
| 4401 Elba St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,850 | $1.32 | 24d | 1 | 0.74mi |
| 1407 Magnolia St New Orleans, LA | 3.0 | 2.0 | 1824 | $1,500 | $0.82 | 24d | 1 | 0.74mi |
| 5533 S Tonti St New Orleans, LA | 4.0 | 4.0 | 3000 | $3,000 | $1.00 | 15d | 1 | 0.75mi |
| 2231 S Liberty St New Orleans, LA | 3.0 | 3.5 | 1752 | $2,000 | $1.14 | 17d | 1 | 0.76mi |
| 4120 Erato St New Orleans, LA | 3.0 | 2.0 | 2250 | $1,750 | $0.78 | 24d | 1 | 0.77mi |
| 3737 Nashville Ave New Orleans, LA | 4.0 | 2.0 | 2000 | $3,400 | $1.70 | 21d | 1 | 0.78mi |
| 2123 S Liberty St Unit 2125 New Orleans, LA | 3.0 | 2.0 | 1500 | $2,100 | $1.40 | 3d | 1 | 0.80mi |
| 2308 Jena St New Orleans, LA | 3.0 | 2.5 | 2550 | $3,300 | $1.29 | 44d | 1 | 0.82mi |
| 2625 Jefferson Ave New Orleans, LA | 4.0 | 2.0 | 2000 | $2,600 | $1.30 | 44d | 1 | 0.83mi |
| 2427 Soniat St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,750 | $1.83 | 17d | 1 | 0.83mi |
| 2425 Soniat St New Orleans, LA | 3.0 | 2.5 | 1500 | $2,850 | $1.90 | 12d | 1 | 0.83mi |
| 4435 Loyola Ave New Orleans, LA | 3.0 | 2.0 | 1973 | $2,900 | $1.47 | 16d | 1 | 0.86mi |
| 2403 S Saratoga St New Orleans, LA | 3.0 | 2.5 | 1600 | $2,500 | $1.56 | 24d | 1 | 0.87mi |
| 3180 State Street Dr New Orleans, LA | 3.0 | 2.0 | 1600 | $1,900 | $1.19 | 10d | 1 | 0.88mi |
| 2520 Jefferson Ave New Orleans, LA | 2.0 | 1.0 | 1500 | $1,800 | $1.20 | 24d | 1 | 0.89mi |
| 3212 Danneel St New Orleans, LA | 3.0 | 2.0 | 1945 | $2,000 | $1.03 | 24d | 1 | 0.89mi |
| 3816 State Street Dr New Orleans, LA | 2.0 | 2.0 | 2828 | $2,250 | $0.80 | 16d | 1 | 0.89mi |
| 2318 Martin Luther King Junior Blvd New Orleans, LA | 3.0 | 2.0 | 1400 | $1,700 | $1.21 | 24d | 1 | 0.89mi |
Listing history 27 events
-
2026-06-18days on market $295,000 Active 696 DOM
-
2026-06-17days on market $295,000 Active 695 DOM
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2026-06-16days on market $295,000 Active 694 DOM
-
2026-06-15days on market $295,000 Active 693 DOM
-
2026-06-13days on market $295,000 Active 691 DOM
-
2026-06-10days on market $295,000 Active 688 DOM
-
2026-06-09days on market $295,000 Active 687 DOM
-
2026-06-08days on market $295,000 Active 686 DOM
-
2026-06-07days on market $295,000 Active 685 DOM
-
2026-06-05days on market $295,000 Active 682 DOM
-
2026-06-03days on market $295,000 Active 681 DOM
-
2026-06-02days on market $295,000 Active 680 DOM
-
2026-06-01days on market $295,000 Active 679 DOM
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2026-05-31days on market $295,000 Active 678 DOM
-
2026-03-03historical $1,295
-
2026-01-21price $1,295
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2025-10-29$1,325
-
2025-08-13price $295,000 1209-char remark
Show marketing remark (1212 chars)
Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.
-
2025-08-13price $295,000 1212-char remark
Show marketing remark (1212 chars)
Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.
-
2024-07-22$330,000 Active 1209-char remark
Show marketing remark (1212 chars)
Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.
-
2024-07-22$330,000 Active 1212-char remark
Show marketing remark (1212 chars)
Bank owned property to be sold as-is, where-is. Three (3) plex available in a well-established neighborhood with close proximity to Tulane and Loyola. Units are all spacious. The bottom floor is a 2 bedroom, 1 bath. The top 2 floors are 3 bedroom, 1 bath. All three units are fully occupied and the current gross monthly income is $4,095. Unit 100 generates $1,295 monthly Unit 200 generates $1,250 monthly Unit 300 generates $1,550 monthly Property is located in an AE Flood Zone. Property is eligible for State Historic Tax Credits, allowing 25% of qualified renovation costs recoupable. A new property management company has been assigned and are currently in the process of making repairs to the property. The Property Manager can transfer services to new owner. All leases are month to month but long-term leases could be put in place. Healthy Home applications have been applied for. New HVAC's installed. Minimal 24 hour notice must be given with showings. Please send offer and pre-approval letter with request for showing of occupied units. All measurements and information deemed reliable but not guaranteed and should be verified by buyer. No disclosures available as this is a bank owned property.
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2023-05-04$475,000
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2013-08-10$300,000
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2013-08-10$300,000
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2008-01-11soldstatus $60,000
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2007-12-03$60,000
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2007-12-03$60,000
ⓘ 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
- $2,216 · $185/mo
- Projected year-2 tax
- $2,216 · $185/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 AE · 78% 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 3/10 Moderate 3 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
- $56,760
- − Mortgage interest
- −$16,525
- − Property taxes
- −$2,216
- − Insurance
- −$6,594
- − Repairs & maintenance
- −$4,541
- − Management
- −$4,541
- − Depreciation
- −$8,582
- Taxable income
- $13,763
- Est. tax owed @ 24.0%
- −$3,303
- After-tax cash flow
- $14,164/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)
- 17,821
- Household income
- $61,174
- Rent vs Own
- Severe rent burden
- 1270.0
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
- Diverse neighborhood (Simpson 0.63)
- Race & ethnicity
- Black 51% White 32% Hispanic / Latino 9% Two or more races 9% Asian 2% Native American 1%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Romanian 1% Slovak 1%
- Foreign-born
- 7% · Canada, China
- Languages at home
- 90% English-only · Spanish 6% French/Haitian/Cajun 1% Chinese 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
- ▼ -49.68%
- Current HPI
- 255.5998
- Rent YoY
- ▲ 0.73%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
-97.8% since first listed13 events — show timeline
- 2026-03-03 Rental Removed $1,295 GSREIN
- 2026-01-21 Price Changed $1,295 GSREIN
- 2025-10-29 Listed for Rent $1,325 GSREIN
- 2025-08-13 Price Changed $295,000 AcadianaMLS
- 2025-08-13 Price Changed $295,000 GSREIN
- 2024-07-22 Listed $330,000 GSREIN
- 2024-07-22 Listed $330,000 AcadianaMLS
- 2023-05-04 Listed $475,000 AcadianaMLS
- 2013-08-10 Listed $300,000 GSREIN
- 2013-08-10 Listed $300,000 AcadianaMLS
- 2008-01-11 Sold (MLS) $60,000 GSREIN
- 2007-12-03 Listed $60,000 AcadianaMLS
- 2007-12-03 Listed $60,000 GSREIN
Property tax history
+0.9%/yrLatest (2026): $2,216 · +4.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…