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2618 N Rocheblave St
B+ Composite 75.01
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
  • DSCR +10.0/10.0
  • 1% rule +8.8/10.0
  • Livability +4.0/5.0
  • Rent growth +3.1/5.0
  • Condition / age +2.5/5.0
  • Schools +1.6/10.0
  • Appreciation +0.0/10.0

$115,000

2618 N Rocheblave St · New Orleans, LA 70117
3 bd · 2.0 ba · 1,080 sqft · SingleFamily public records · 102 Days on market
Built 1950 2,265 sqft lot Est $141k · 19% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

Key facts

  • Cozy living room
  • New appliances
  • Eat-in kitchen

Tags

FUNCTIONAL FLOOR PLANCOZY LIVING ROOMEAT-IN KITCHENNEW APPLIANCESNEW LVP FLOORINGFRESH INTERIOR PAINT

Property features AI

Exterior

  • Utilities: Public water; Public sewer
  • Home design: Single-story home; Shingle roof
  • Construction: Raised foundation
  • Exterior features: City lot; Rectangular lot; Lot dimensions approximately 31 x 73

Interior

  • Bedrooms: Bedrooms not specified
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central heating; Central air conditioning
  • Interior features: Six total rooms; Very good condition; Raised foundation

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

  • At list price, monthly cash flow is $379 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $115k).
  • Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
  • Cap rate 10.9% 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 rising (+2.5%/yr); 581 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).
  • This rent runs 41% of the median local income ($46k/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 $795 of loan paydown is wiped out by about $3k 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 + 2.5% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 102 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 7y ago; this cycle's ask has dropped $65k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $90k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; built in 1950 — 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $104,650 (9.0% below list)

Questions for the listing agent

  1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1950 — 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
1.38%
Cap rate
10.94%
Cash-on-cash
16.59%
DSCR
1.74
GRM
6.1

CMA / ARV

ARV (on-the-fly)
$141,480
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2618 N Rocheblave St 0.00mi 3/2.0 1,168 (+8%) 1mo $115,000 $98 86
2215 Mandeville St 0.25mi 3/2.0 1,067 (-1%) 3mo $85,000 $80 84
1601 Mandeville St 0.59mi 3/1.0 1,118 (+4%) 2mo $155,000 $139 62
2623 N Villere 0.71mi 2/1.0 (-1) 1,078 (-0%) 6mo $95,000 $88 52
1901 Montegut St 0.63mi 3/1.0 1,054 (-2%) 14mo $135,000 $128 51
1329 Music St 0.71mi 2/1.0 (-1) 1,100 (+2%) 14mo $70,000 $64 43
3137 N Miro St 0.74mi 2/1.5 (-1) 1,034 (-4%) 11mo $42,500 $41 42
1431 Port St 0.69mi 3/2.0 1,194 (+11%) 11mo $210,000 $176 41
2663 Touro St 0.58mi 3/2.0 1,230 (+14%) 13mo $189,900 $154 39
2605 Pauger St 0.67mi 3/2.0 1,215 (+12%) 13mo $170,000 $140 38
2037 Saint Anthony St 0.69mi 2/1.0 (-1) 960 (-11%) 4mo $126,000 $131 37
1316 Music St 0.73mi 3/2.0 1,213 (+12%) 14mo $360,000 $297 34

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 · 2.49% rent growth · sell at horizon

5-year hold
IRR
3.8%
Equity multiple
1.15×
Total profit
$4,755
Equity at exit
$17,147
10-year hold
IRR
12.9%
Equity multiple
2.00×
Total profit
$32,214
Equity at exit
$9,943

Cash invested: $32,200 (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.

ZIP-level market 70117

Rents YoY
2.5%
Active inventory
581
Price-to-rent
6.1×

Monthly cashflow live

Estimated rent
$1,582 high interval (Pro) →
Mortgage (P&I)
$603
Tax from tax record
$154 /mo · $1,846/yr
Insurance
$48
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$0
Vacancy / Maint / Mgmt
$332
Net cashflow
$379

Break-even live

Break-even rent $1,103
Max offer price $115,000
Occupancy floor 71%

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
$28,750
Closing costs
$3,450
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2423 Saint Roch Ave New Orleans, LA 2.0 1.0 925 $1,350 $1.46 23d 1 0.07mi
2649 N Rocheblave St New Orleans, LA 2.0 2.0 806 $1,200 $1.49 23d 1 0.08mi
2406 Saint Roch Ave New Orleans, LA 2.0 1.0 1000 $1,600 $1.60 17d 1 0.09mi
2551 N Tonti St New Orleans, LA 2.0 2.0 800 $1,450 $1.81 23d 1 0.10mi
2229 Saint Roch Ave New Orleans, LA 2.0 1.5 1200 $1,600 $1.33 20d 1 0.10mi
2556 N Tonti St New Orleans, LA 3.0 2.0 1100 $1,850 $1.68 16d 1 0.12mi
2222 Saint Roch Ave New Orleans, LA 3.0 1.0 900 $1,200 $1.33 23d 1 0.13mi
2238 Painters St New Orleans, LA 2.0 1.0 896 $1,300 $1.45 23d 1 0.14mi
2134 Saint Roch Ave New Orleans, LA 2.0 2.0 850 $1,500 $1.76 17d 1 0.17mi
2120 Saint Roch Ave Unit 2120 New Orleans, LA 2.0 1.0 1000 $1,650 $1.65 23d 1 0.19mi
2129 Spain St New Orleans, LA 2.0 1.0 861 $1,500 $1.74 23d 1 0.20mi
2515 N Galvez St Unit 2515 New Orleans, LA 4.0 2.0 1200 $1,900 $1.58 23d 1 0.21mi
2515 N Galvez St New Orleans, LA 4.0 2.0 1200 $1,200 $1.00 10d 1 0.21mi
2522 N Galvez St New Orleans, LA 3.0 2.0 1105 $1,675 $1.52 23d 1 0.24mi
2524 N Galvez St New Orleans, LA 3.0 2.5 1102 $1,800 $1.63 17d 1 0.24mi
2115 Mandeville St New Orleans, LA 3.0 2.0 1400 $1,650 $1.18 23d 1 0.26mi
2241 Eads St New Orleans, LA 2.0 1.0 867 $1,500 $1.73 23d 1 0.29mi
2024 Mandeville St New Orleans, LA 2.0 2.0 1072 $1,950 $1.82 23d 1 0.32mi
2325 Florida Ave New Orleans, LA 2.0 1.0 796 $1,025 $1.29 3d 1 0.33mi
1922 Painters St New Orleans, LA 3.0 1.0 920 $1,700 $1.85 3d 1 0.34mi
1924 Painters St New Orleans, LA 3.0 1.0 920 $1,700 $1.85 3d 1 0.35mi
2219 Almonaster Ave Unit A New Orleans, LA 2.0 1.0 950 $1,500 $1.58 23d 1 0.36mi
2115 Elysian Fields Ave Unit 2115 New Orleans, LA 3.0 1.0 1100 $1,450 $1.32 23d 1 0.38mi
2003 Almonaster Ave New Orleans, LA 3.0 2.0 988 $1,600 $1.62 23d 1 0.39mi
2512 Elysian Fields Ave Unit C New Orleans, LA 2.0 1.0 800 $1,300 $1.62 3d 1 0.39mi
2512 Elysian Fields Ave Unit 1 New Orleans, LA 2.0 1.0 879 $1,400 $1.59 17d 1 0.39mi
2512 Elysian Fields Ave Unit C New Orleans, LA 2.0 1.0 800 $1,300 $1.62 3d 1 0.39mi
1809 Saint Roch Ave New Orleans, LA 3.0 1.0 949 $1,195 $1.26 17d 1 0.40mi
2269 N Prieur St New Orleans, LA 2.0 1.0 756 $1,250 $1.65 23d 1 0.40mi
2812 Spain St New Orleans, LA 2.0 1.0 870 $1,275 $1.47 2d 1 0.41mi
2516 N Roman St Unit 2518 New Orleans, LA 2.0 1.0 800 $1,500 $1.88 3d 1 0.44mi
2010 Saint Ferdinand St New Orleans, LA 2.0 1.0 909 $1,650 $1.82 23d 1 0.47mi
2220 N Prieur St New Orleans, LA 3.0 2.0 1334 $2,000 $1.50 23d 1 0.47mi
2519 N Derbigny St New Orleans, LA 3.0 1.0 994 $1,300 $1.31 21d 1 0.48mi
1726 Mandeville St New Orleans, LA 2.0 1.0 920 $1,300 $1.41 23d 1 0.49mi
1638 Music St New Orleans, LA 2.0 1.0 900 $1,085 $1.21 14d 1 0.50mi
1910 Elysian Fields Ave New Orleans, LA 3.0 1.0 1000 $1,450 $1.45 23d 1 0.50mi
1636 Music St New Orleans, LA 3.0 1.0 900 $1,185 $1.32 16d 1 0.50mi
2269 N Derbigny St New Orleans, LA 2.0 2.0 1000 $1,665 $1.67 17d 1 0.52mi
2269 N Derbigny St New Orleans, LA 2.0 2.0 1000 $1,675 $1.68 19d 1 0.52mi

Listing history 33 events

  1. 2026-04-29
    status Pending 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  2. 2026-04-29
    status Pending
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  3. 2026-04-29
    price $115,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  4. 2026-04-28
    price $115,000
  5. 2026-04-27
    price $120,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  6. 2026-04-27
    price $120,000
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  7. 2026-04-08
    price $140,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  8. 2026-04-08
    price $140,000
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  9. 2026-03-12
    price $145,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  10. 2026-03-12
    price $145,000
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  11. 2026-03-03
    price $160,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  12. 2026-03-03
    price $160,000
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  13. 2026-02-05
    price $165,000 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  14. 2026-02-05
    price $165,000
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  15. 2026-01-14
    listed $180,000 Active 512-char remark
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  16. 2026-01-14
    listed $180,000 Active
    Show marketing remark (512 chars)

    Cute and refreshed, this 3-bedroom, 2-bath home features a functional floor plan with a cozy living room and an eat-in kitchen. Recent upgrades include new appliances, new LVP flooring, fresh interior paint, updated kitchen cabinets and countertops, and a new water heater. A wonderful place to settle in and make it your own. To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. This is a Fannie Mae HomePath property.

  17. 2024-06-17
    price $160,000
  18. 2024-05-02
    price $165,000
  19. 2024-04-02
    price $170,000
  20. 2024-03-25
    price $175,000
  21. 2024-03-05
    listed $160,000
  22. 2022-10-07
    listed $199,000
  23. 2022-10-06
    price $199,000
  24. 2022-09-28
    listed $199,000
  25. 2019-09-09
    status Pending
  26. 2019-08-21
    soldstatus $90,000
  27. 2019-08-20
    soldstatus $90,000 Closed
  28. 2019-06-24
    status Active
  29. 2019-06-06
    status Pending
  30. 2019-05-09
    listed $125,000 Active
  31. 2019-05-09
    listed $125,000
  32. 2008-03-04
    soldstatus $30,000
  33. 1970-07-27
    soldstatus $17,800

ⓘ 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
$1,846 · $154/mo
Projected year-2 tax
$1,846 · $154/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) · 77% 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
$18,989
− Mortgage interest
−$6,442
− Property taxes
−$1,846
− Insurance
−$1,372
− Repairs & maintenance
−$1,519
− Management
−$1,519
− Depreciation
−$3,345
Taxable income
$2,945
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$707
After-tax cash flow
$3,839/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)
25,652
Household income
$45,764
Rent vs Own
47.8% rent · 52.2% own
Severe rent burden
1988.0

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
Majority Black (60%)
Race & ethnicity
Black 60% White 30% Two or more races 6% Hispanic / Latino 5%
Common ancestry
Lithuanian 5% Italian 1% Romanian 1%
Foreign-born
5% · Canada, South Korea
Languages at home
93% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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
▼ -177.22%
Current HPI
184.6061
Rent YoY
▲ 2.49%
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

Price history

+546.1% since first listed
33 events — show timeline
  • 2026-04-29 Pending AcadianaMLS
  • 2026-04-29 Pending GSREIN
  • 2026-04-29 Price Changed $115,000 AcadianaMLS
  • 2026-04-28 Price Changed $115,000 GSREIN
  • 2026-04-27 Price Changed $120,000 AcadianaMLS
  • 2026-04-27 Price Changed $120,000 GSREIN
  • 2026-04-08 Price Changed $140,000 AcadianaMLS
  • 2026-04-08 Price Changed $140,000 GSREIN
  • 2026-03-12 Price Changed $145,000 AcadianaMLS
  • 2026-03-12 Price Changed $145,000 GSREIN
  • 2026-03-03 Price Changed $160,000 AcadianaMLS
  • 2026-03-03 Price Changed $160,000 GSREIN
  • 2026-02-05 Price Changed $165,000 AcadianaMLS
  • 2026-02-05 Price Changed $165,000 GSREIN
  • 2026-01-14 Listed $180,000 GSREIN
  • 2026-01-14 Listed $180,000 AcadianaMLS
  • 2024-06-17 Price Changed $160,000 GSREIN
  • 2024-05-02 Price Changed $165,000 GSREIN
  • 2024-04-02 Price Changed $170,000 GSREIN
  • 2024-03-25 Price Changed $175,000 GSREIN
  • 2024-03-05 Listed $160,000 AcadianaMLS
  • 2022-10-07 Listed $199,000 AcadianaMLS
  • 2022-10-06 Price Changed $199,000 GSREIN
  • 2022-09-28 Listed $199,000 AcadianaMLS
  • 2019-09-09 Pending GSREIN
  • 2019-08-21 Sold (Public Records) $90,000 Public Records
  • 2019-08-20 Sold (MLS) $90,000 GSREIN
  • 2019-06-24 Relisted GSREIN
  • 2019-06-06 Pending GSREIN
  • 2019-05-09 Listed $125,000 AcadianaMLS
  • 2019-05-09 Listed $125,000 GSREIN
  • 2008-03-04 Sold (Public Records) $30,000 Public Records
  • 1970-07-27 Sold (Public Records) $17,800 Public Records

Property tax history

+6.7%/yr

Latest (2026): $1,846 · -0.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…