7432 Dartmoor Dr · New Orleans, LA 70127

$174,900

4 bd · 2.0 ba · 1,825 sqft · SingleFamily public records · 70 Days on market

Built 1980 6,098 sqft lot $96/sqft · 20% below area Est $218k · 20% under

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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 +20.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very Spacious, all brick home looking for the right new owner to add their special TLC and make it there own! This home features 4 Bedrooms and 2 Full Baths. There is a formal dining room, living room, laundry, and lots of storage space. The garage is enclosed and could be used as an office, game room, or playroom for little ones, plus there a private yard for outdoor functions! This property is part of first look offeree program and will be marketed first 30 days to owner occupants. Investor offers will be considers after May 09, 2026. Sold in As-Is condition. This opportunity won't last long! Call your agent today to schedule your private showing.

Key facts

• Enclosed garage
• Formal dining room
• Private yard

Tags

• ALL BRICK HOME
• FORMAL DINING ROOM
• PRIVATE YARD
• ENCLOSED GARAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $165 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: 128 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $1,791/mo this rent would consume 53% of the median local household income ($41k/yr) (locally 2030% 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 $1k of loan paydown is wiped out by about $5k 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 70 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $175k implies a 233% gain — meaningful room to come down on a strong offer.

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 $164,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% 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. 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.
6. 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.
7. 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: 1.02% ✓
• Cap rate: 7.88%
• Cash-on-cash: 5.68%
• DSCR: 1.25
• GRM: 8.1

CMA / ARV

• ARV (median comp): $217,686
• List price: $174,900
• Delta: -19.66%
• 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
7523 Benson St	0.08mi	3/2.0 (-1)	1,707 (-6%)	6mo	$190,000	$111	75
7800 Trapier Ave	0.45mi	4/2.0	1,713 (-6%)	0mo	$180,000	$105	68
7984 Edgelake Ct	0.44mi	3/2.0 (-1)	1,765 (-3%)	6mo	$193,000	$109	64
7619 Burke Rd	0.20mi	4/2.0	1,700 (-7%)	18mo	$140,000	$82	64
8936 Curran Blvd	0.21mi	3/2.0 (-1)	2,050 (+12%)	5mo	$70,000	$34	60
7600 Burke Rd	0.17mi	4/3.5	2,066 (+13%)	4mo	$266,000	$129	60
7500 Primrose Dr	0.62mi	3/2.0 (-1)	1,750 (-4%)	6mo	$190,000	$109	54
9962 E Wheaton Cir	0.75mi	3/2.0 (-1)	1,911 (+5%)	6mo	$240,000	$126	47
7817 Woodbine Dr	0.57mi	3/2.0 (-1)	1,656 (-9%)	16mo	$181,000	$109	40
9740 Andover Dr	0.73mi	3/2.0 (-1)	1,613 (-12%)	6mo	$190,000	$118	37
8008 Brevard Ave	0.49mi	3/2.0 (-1)	1,600 (-12%)	19mo	$179,000	$112	36
7608 Dogwood Dr	0.72mi	3/2.0 (-1)	1,554 (-15%)	13mo	$149,330	$96	26

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-17,764
• Equity at exit: $26,078

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-1,703
• Equity at exit: $15,122

Cash invested: $48,972 (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 70127

• Home prices YoY: -29.2%
• Active inventory: 128
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,791 high
• Mortgage (P&I): −$917
• Tax from tax record: −$193 /mo · $2,320/yr
• Insurance: −$73
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $165

Break-even live

Break-even rent $1,582

Max offer price $174,900

Occupancy floor 86%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7401 Scottsdale Dr New Orleans, LA	3.0	2.5	2100	$2,000	$0.95	23d	1	0.15mi
8936 Curran Blvd New Orleans, LA	3.0	2.0	2050	$1,575	$0.77	21d	1	0.19mi
7230 Yorktown Dr New Orleans, LA	3.0	2.0	1550	$1,600	$1.03	23d	1	0.21mi
7230 Yorktown Dr New Orleans, LA	3.0	2.0	1550	$1,600	$1.03	16d	1	0.21mi
7202 Salem Dr New Orleans, LA	3.0	2.5	1995	$1,750	$0.88	23d	1	0.29mi
7201 Salem Dr New Orleans, LA	3.0	2.5	1764	$1,650	$0.94	23d	1	0.30mi
7063 Boston Dr New Orleans, LA	4.0	2.5	1750	$1,900	$1.09	16d	1	0.37mi
6972 Bundy Rd New Orleans, LA	3.0	2.5	2048	$1,500	$0.73	23d	1	0.48mi
6951 Salem Dr New Orleans, LA	3.0	2.5	1900	$1,875	$0.99	23d	1	0.48mi
6910 Bunker Hill Rd New Orleans, LA	3.0	2.5	1785	$1,400	$0.78	19d	1	0.49mi
9020 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,400	$1.00	23d	1	0.53mi
9022 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,400	$1.00	23d	1	0.53mi
9042 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,450	$1.04	16d	1	0.54mi
9040 Bunker Hill Rd New Orleans, LA	3.0	1.5	1400	$1,450	$1.04	16d	1	0.54mi
7500 Symmes Ave New Orleans, LA	4.0	2.0	1400	$2,100	$1.50	23d	1	0.70mi
7608 Laine Ave New Orleans, LA	3.0	2.5	2060	$1,950	$0.95	23d	1	1.07mi
5611 Rickert Dr New Orleans, LA	3.0	2.5	2155	$2,900	$1.35	43d	1	1.12mi
4828 Eastview Dr New Orleans, LA	4.0	2.0	1260	$1,675	$1.33	23d	1	1.19mi
5131 Bundy Rd New Orleans, LA	1.0–3.0	1.0–2.0	1000	$1,314	$1.31	1d	21	1.27mi
10951 Roger Dr Unit B New Orleans, LA	3.0	2.5	2048	$1,850	$0.90	23d	1	1.37mi

Listing history 20 events

1. 2026-06-18
   days on market $174,900 Active 70 DOM
2. 2026-06-17
   days on market $174,900 Active 69 DOM
3. 2026-06-16
   days on market $174,900 Active 68 DOM
4. 2026-06-15
   days on market $174,900 Active 67 DOM
5. 2026-06-13
   days on market $174,900 Active 65 DOM
6. 2026-06-10
   days on market $174,900 Active 62 DOM
7. 2026-06-09
   days on market $174,900 Active 61 DOM
8. 2026-06-08
   days on market $174,900 Active 60 DOM
9. 2026-06-07
   days on market $174,900 Active 59 DOM
10. 2026-06-05
    days on market $174,900 Active 56 DOM
11. 2026-06-03
    days on market $174,900 Active 55 DOM
12. 2026-06-02
    days on market $174,900 Active 54 DOM
13. 2026-06-01
    days on market $174,900 Active 53 DOM
14. 2026-05-31
    days on market $174,900 Active 52 DOM
15. 2026-04-08
    listed $184,900 Active 659-char remark

    Show marketing remark (657 chars)

    Very Spacious, all brick home looking for the right new owner to add their special TLC and make it there own! This home features 4 Bedrooms and 2 Full Baths. There is a formal dining room, living room, laundry, and lots of storage space. The garage is enclosed and could be used as an office, game room, or playroom for little ones, plus there a private yard for outdoor functions! This property is part of first look offeree program and will be marketed first 30 days to owner occupants. Investor offers will be considers after May 09, 2026. Sold in As-Is condition. This opportunity won't last long! Call your agent today to schedule your private showing.

16. 2026-04-08
    listed $184,900 Active 657-char remark

    Show marketing remark (657 chars)

    Very Spacious, all brick home looking for the right new owner to add their special TLC and make it there own! This home features 4 Bedrooms and 2 Full Baths. There is a formal dining room, living room, laundry, and lots of storage space. The garage is enclosed and could be used as an office, game room, or playroom for little ones, plus there a private yard for outdoor functions! This property is part of first look offeree program and will be marketed first 30 days to owner occupants. Investor offers will be considers after May 09, 2026. Sold in As-Is condition. This opportunity won't last long! Call your agent today to schedule your private showing.

17. 2021-06-15
    price $217,000
18. 2021-05-27
    listed $217,000
19. 1995-06-22
    soldstatus $52,538
20. 1991-03-20
    soldstatus $52,538

ⓘ 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: $2,320 · $193/mo
• Projected year-2 tax: $2,320 · $193/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) · 60% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,495
• − Mortgage interest: −$9,797
• − Property taxes: −$2,320
• − Insurance: −$1,672
• − Repairs & maintenance: −$1,720
• − Management: −$1,720
• − Depreciation: −$5,088
• Taxable loss: −$821
• Est. tax savings @ 24.0%: +$197
• After-tax cash flow: $2,180/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): 23,107
• Household income: $40,765
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2030.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 4% White 2%
• Common ancestry: Lithuanian 1% Hispanic 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -72.43%
• Current HPI: 175.4465
• Rent YoY: —
• 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

+251.9% since first listed

6 events — show timeline

• 2026-04-08 Listed $184,900 AcadianaMLS
• 2026-04-08 Listed $184,900 GSREIN
• 2021-06-15 Price Changed $217,000 GSREIN
• 2021-05-27 Listed $217,000 AcadianaMLS
• 1995-06-22 Sold (Public Records) $52,538 Public Records
• 1991-03-20 Sold (Public Records) $52,538 Public Records

Property tax history

+21.4%/yr

Latest (2026): $2,320 · +1.0% YoY. Source: county tax records.