2217 Blanchard Dr · Chalmette, LA 70043

$250,000

3 bd · 2.0 ba · 2,050 sqft · SingleFamily · 18 Days on market

Built 1965 4,791 sqft lot Est $279k · 10% under

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Why this score? — see what drove the D+ 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 +15.2/30.0
• ARV discount +12.1/15.0
• Schools +5.0/10.0
• DSCR +4.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 2-bathroom, brick home offering a functional open-concept layout and convenient location. The spacious living area flows seamlessly into the kitchen and dining spaces, creating an ideal setting for everyday living, entertaining, or working from home. Large windows provide abundant natural light, while neutral finishes and attractive flooring offer a timeless appeal. The Den can be used as an additional bedroom. The kitchen features granite countertops, ample cabinet storage, and generous workspace designed to support a variety of lifestyles. The primary bedroom includes a private ensuite bathroom and spacious closet storage. Two additional bedrooms, along with a dedicated office or flex space, provide versatility for remote work, hobbies, guests, or additional living needs. Outside, the backyard offers room to relax, garden, entertain, or enjoy outdoor activities. Situated on a dead-end street, the property provides limited through traffic while remaining conveniently located. If you're searching for a move-in ready home in the Greater New Orleans area with an open floor plan, home office space, upgraded countertops, and easy access to local amenities, this property deserves a closer look. Schedule your private showing today and discover all this home has to offer.

Key facts

• Spacious living area
• Granite countertops
• Open concept layout

Tags

• OPEN CONCEPT LAYOUT
• SPACIOUS LIVING AREA
• GRANITE COUNTERTOPS
• AMPLE CABINET STORAGE
• PRIVATE ENSUITE BATHROOM
• DEDICATED OFFICE SPACE

Property features AI

Exterior

• Parking: Garage
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; Property in very good condition
• Construction: Brick construction; Shingle roof; Slab foundation
• Exterior features: Brick patio/porch; City lot; Rectangular lot; Lot dimensions approximately 70 x 71

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: Total 6 rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Has heating and cooling
• Interior features: Ceiling fans; Cable TV

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $21 ($252/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 $198k (21.0% below list).
• Recommended offer: $198k (21.0% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 5.4% in Chalmette — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $8k 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 18 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 33y 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 $94k; list at $250k implies a 167% 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 $197,522 (21.0% below list)

Questions for the listing agent

1. Built in 1965 — 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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.79% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.50%
• DSCR: 1.07
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $278,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2225 Campagna Dr	0.05mi	3/2.0	2,120 (+3%)	7mo	$195,000	$92	86
2229 Riverland Dr	0.34mi	3/2.0	1,828 (-11%)	1mo	$185,000	$101	65
2301 Blanchard Dr	0.10mi	4/2.0 (+1)	2,244 (+10%)	13mo	$294,000	$131	64
2328 Mumphrey Rd	0.21mi	4/2.5 (+1)	2,293 (+12%)	4mo	$242,787	$106	60
3109 Gallo Dr	0.69mi	3/2.0	2,143 (+4%)	11mo	$287,400	$134	51
2804 Volpe Dr	0.50mi	4/2.0 (+1)	1,808 (-12%)	4mo	$418,500	$231	49
3021 Karen Dr	0.73mi	3/2.0	1,841 (-10%)	2mo	$265,000	$144	48
2225 Veronica Dr	0.53mi	4/2.0 (+1)	1,800 (-12%)	8mo	$224,000	$124	43
2021 Gallo Dr	0.33mi	4/2.5 (+1)	2,343 (+14%)	14mo	$319,000	$136	42
3016 Pecan Dr	0.67mi	4/2.0 (+1)	1,858 (-9%)	8mo	$305,000	$164	41
2100 Plaza Dr	0.74mi	4/2.0 (+1)	1,978 (-4%)	17mo	$322,500	$163	41
3004 Campagna Dr	0.60mi	3/2.0	1,747 (-15%)	10mo	$287,000	$164	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: -15.7%
• Equity multiple: 0.44×
• Total profit: $-39,042
• Equity at exit: $37,276

10-year hold

• IRR: -7.1%
• Equity multiple: 0.55×
• Total profit: $-31,725
• Equity at exit: $21,615

Cash invested: $70,000 (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: 10.5×

Monthly cashflow live

• Estimated rent: $1,975 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$58 /mo · $694/yr
• Insurance: −$104
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $21

Break-even live

Break-even rent $1,949

Max offer price $250,000

Occupancy floor 94%

Sensitivity live

Price	-10% $162	-5% $92	+0% $21	+5% $-50	+10% $-121
Rent	-10% $-135	-5% $-57	+0% $21	+5% $99	+10% $177
Rate	-1.0pp $147	-0.5pp $85	base $21	+0.5pp $-44	+1.0pp $-110

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1804 Wisconsin St Chalmette, LA	3.0	3.0	2350	$2,000	$0.85	25d	1	0.39mi
2708 Volpe Dr Chalmette, LA	3.0	2.0	1556	$2,300	$1.48	23d	1	0.46mi
2429 Octavia Dr Chalmette, LA	3.0	2.0	1700	$1,575	$0.93	25d	1	0.56mi
3012 Volpe Dr Chalmette, LA	3.0	2.0	1812	$2,500	$1.38	45d	1	0.64mi
2518 Delambert St Chalmette, LA	3.0	2.0	1617	$1,825	$1.13	45d	1	0.90mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	12d	1	0.96mi
2709 Munster Blvd Meraux, LA	3.0	2.0	1411	$1,900	$1.35	25d	1	1.06mi
3629 Charles Dr Chalmette, LA	3.0	2.0	1405	$1,600	$1.14	16d	1	1.09mi
3708 Veronica Dr Chalmette, LA	3.0	2.0	1818	$2,550	$1.40	3d	1	1.17mi
2004 Webster St Meraux, LA	3.0	2.0	1400	$1,750	$1.25	18d	1	1.39mi

Listing history 11 events

1. 2026-06-21
   days on market $250,000 Active 18 DOM
2. 2026-06-18
   days on market $250,000 Active 15 DOM
3. 2026-06-17
   days on market $250,000 Active 14 DOM
4. 2026-06-16
   days on market $250,000 Active 13 DOM
5. 2026-06-15
   days on market $250,000 Active 12 DOM
6. 2026-06-13
   days on market $250,000 Active 10 DOM
7. 2026-06-10
   days on market $250,000 Active 7 DOM
8. 2026-06-09
   days on market $250,000 Active 6 DOM
9. 2026-06-08
   days on market $250,000 Active 5 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $250,000 Active 4 DOM

ⓘ 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: $694 · $58/mo
• Projected year-2 tax: $1,375 · $115/mo
• Expected delta: +$682/yr (+$57/mo · 98.3%)

ⓘ 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) · 73% 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,703
• − Mortgage interest: −$14,004
• − Property taxes: −$694
• − Insurance: −$2,048
• − Repairs & maintenance: −$1,896
• − Management: −$1,896
• − Depreciation: −$7,273
• Taxable loss: −$4,107
• Est. tax savings @ 24.0%: +$986
• After-tax cash flow: $1,238/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

+151.3% since first listed

8 events — show timeline

• 2026-06-03 Listed $250,000 AcadianaMLS
• 2026-06-03 Listed $250,000 GSREIN
• 2025-06-09 Price Changed $250,000 AcadianaMLS
• 2025-06-09 Price Changed $250,000 GSREIN
• 2025-05-05 Listed $276,000 AcadianaMLS
• 1993-07-30 Sold (MLS) $93,600 GSREIN
• 1993-05-20 Listed $99,500 AcadianaMLS
• 1993-05-20 Listed $99,500 GSREIN

Property tax history

-5.4%/yr

Latest (2025): $694 · -62.4% YoY. Source: county tax records.