3041 Hero Dr · Gretna, LA 70053

$189,900

4 bd · 2.0 ba · 1,273 sqft · SingleFamily · 38 Days on market

Built 1963 $149/sqft · 7% above area Est $178k · 7% over

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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 +23.3/30.0
• DSCR +7.5/10.0
• 1% rule +5.2/10.0
• ARV discount +4.4/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained home in Gretna. Kitchen with spacious cabinets opens up to the living room. Four bedrooms, two full baths, neutral colors throughout, Primary suite includes large bathroom with jacuzzi tub. Tankless water heater, two window units, and a 3year AC system. Fenced yard, covered carport, 16x12 shed, covered patio, and 3 car driveway Refrigerator stays. Come make this beautiful home yours!

Key facts

• Spacious cabinets
• Fenced yard
• Covered carport

Tags

• SPACIOUS CABINETS
• TANKLESS WATER HEATER
• FENCED YARD
• COVERED CARPORT
• COVERED PATIO
• 16X12 SHED

Property features AI

Exterior

• Parking: Attached covered carport; Three or more parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Excellent condition; Shingle roof; Slab foundation
• Construction: Shingle roof; Slab foundation
• Exterior features: Fenced yard; Covered patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Oven; Refrigerator
• Bedrooms: Total rooms: 6
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Window air conditioning units
• Interior features: Ceiling fans; Granite counters; Cable TV

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $184k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 5.1% in Gretna — 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 70/100 on livability (#58 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools B+; Watch: crime F, employment D-.
• Jefferson Parish (suburban): math 24% / reading 34% proficiency, ranked #44 of 98 in LA (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 113 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• At $1,933/mo this rent would consume 58% of the median local household income ($40k/yr) (locally 1911% 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 $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $85k; list at $190k implies a 123% gain — meaningful room to come down on a strong offer.

Recommended offer $184,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.02% ✓
• Cap rate: 8.48%
• Cash-on-cash: 7.81%
• DSCR: 1.35
• GRM: 8.2

CMA / ARV

• ARV (median comp): $177,519
• List price: $189,900
• Delta: 6.97%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3144 Claire Ave	0.13mi	3/1.0 (-1)	1,323 (+4%)	4mo	$134,830	$102	75
9 Maple Ln	0.43mi	3/2.0 (-1)	1,300 (+2%)	3mo	$175,000	$135	69
2444 Huey P. Long Ave	0.55mi	3/2.0 (-1)	1,266 (-0%)	1mo	$239,000	$189	67
5 Cedar Ln	0.41mi	3/1.0 (-1)	1,315 (+3%)	0mo	$197,500	$150	66
1005 35th St	0.48mi	3/1.5 (-1)	1,295 (+2%)	6mo	$173,000	$134	62
2442 Huey P Long Ave	0.58mi	3/2.0 (-1)	1,266 (-0%)	8mo	$195,000	$154	61
3244 Hero Dr	0.26mi	3/2.0 (-1)	1,211 (-5%)	18mo	$210,000	$173	59
3037 Hero Dr	0.01mi	3/1.0 (-1)	1,097 (-14%)	13mo	$167,000	$152	57
10 Mason St	0.52mi	3/2.0 (-1)	1,277 (+0%)	17mo	$241,000	$189	56
3520 Hero Dr	0.54mi	3/1.5 (-1)	1,220 (-4%)	7mo	$189,468	$155	55
10 Cedar Ln	0.45mi	3/2.0 (-1)	1,408 (+11%)	13mo	$296,000	$210	46
12 Sallye Ann St	0.67mi	3/2.0 (-1)	1,220 (-4%)	14mo	$130,000	$107	45

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: -4.4%
• Equity multiple: 0.83×
• Total profit: $-8,783
• Equity at exit: $28,315

10-year hold

• IRR: 5.2%
• Equity multiple: 1.39×
• Total profit: $20,522
• Equity at exit: $16,419

Cash invested: $53,172 (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 70053

• Active inventory: 113
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,933 high
• Mortgage (P&I): −$996
• Tax from tax record: −$106 /mo · $1,272/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $346

Break-even live

Break-even rent $1,495

Max offer price $189,900

Occupancy floor 77%

Sensitivity live

Price	-10% $454	-5% $400	+0% $346	+5% $292	+10% $239
Rent	-10% $193	-5% $270	+0% $346	+5% $422	+10% $499
Rate	-1.0pp $442	-0.5pp $394	base $346	+0.5pp $297	+1.0pp $247

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1499 Central Park Blvd Harvey, LA	1.0–3.0	1.0–2.0	1002	$2,195	$2.19	3d	18	0.41mi
9 Gerard Ct Gretna, LA	3.0	1.5	1550	$1,600	$1.03	44d	1	0.50mi
2310 Stafford St Gretna, LA	4.0	2.0	1530	$2,050	$1.34	24d	1	0.61mi
1840 Mathis Ave Harvey, LA	3.0	2.0	1200	$1,800	$1.50	44d	1	0.63mi
2700 Whitney Ave Harvey, LA	3.0	1.0–2.0	844	$1,538	$1.82	3d	11	0.84mi
1145 Warren Dr Harvey, LA	4.0	2.0	1315	$1,750	$1.33	5d	1	0.88mi
1500 Lorene Dr Harvey, LA	3.0	1.0–2.0	766	$1,790	$2.34	4d	8	0.89mi
1784 Carol Sue Ave Gretna, LA	1.0–3.0	1.0–1.5	850	$1,035	$1.22	44d	1	0.93mi
2205 Argyll St Harvey, LA	3.0	2.0	1100	$1,750	$1.59	22d	1	0.99mi
1849 Redwood Dr Harvey, LA	3.0	2.0	1600	$1,900	$1.19	44d	1	1.02mi
1849 Redwood Dr Harvey, LA	3.0	2.0	1600	$1,900	$1.19	24d	1	1.02mi
1645 Dogwood Dr Harvey, LA	4.0	1.0	1185	$1,800	$1.52	24d	1	1.03mi
1805 Redwood Dr Harvey, LA	3.0	2.0	1270	$1,850	$1.46	22d	1	1.05mi
1117 Whitney Ave Gretna, LA	1.0–3.0	1.0–2.0	951	$1,489	$1.57	3d	16	1.21mi
805 Terry Pkwy Terrytown, LA	3.0	2.0	1782	$2,050	$1.15	5d	1	1.33mi
805 Terry Pkwy Terrytown, LA	3.0	2.0	1782	$2,050	$1.15	3d	1	1.33mi
1912 Concord Rd Gretna, LA	3.0	2.0	1535	$2,000	$1.30	24d	1	1.36mi

Listing history 17 events

1. 2026-06-18
   days on market $189,900 Active 38 DOM
2. 2026-06-17
   days on market $189,900 Active 37 DOM
3. 2026-06-16
   days on market $189,900 Active 36 DOM
4. 2026-06-15
   days on market $189,900 Active 35 DOM
5. 2026-06-13
   days on market $189,900 Active 33 DOM
6. 2026-06-10
   days on market $189,900 Active 30 DOM
7. 2026-06-09
   days on market $189,900 Active 29 DOM
8. 2026-06-08
   days on market $189,900 Active 28 DOM
9. 2026-06-07
   statusdays on market $189,900 Active 27 DOM
10. 2026-06-03
    days on market $189,900 Active Under Contract 23 DOM

    Show marketing remark (409 chars)

    Beautifully maintained home in Gretna. Kitchen with spacious cabinets opens up to the living room. Four bedrooms, two full baths, neutral colors throughout, Primary suite includes large bathroom with jacuzzi tub. Tankless water heater, two window units, and a 3year AC system. Fenced yard, covered carport, 16x12 shed, covered patio, and 3 car driveway Refrigerator stays. Come make this beautiful home yours!

11. 2026-06-02
    days on market $189,900 Active Under Contract 22 DOM
12. 2026-06-02
    status $189,900 Active Under Contract 21 DOM
13. 2026-06-01
    days on market $189,900 Active 21 DOM

    Show marketing remark (409 chars)

    Beautifully maintained home in Gretna. Kitchen with spacious cabinets opens up to the living room. Four bedrooms, two full baths, neutral colors throughout, Primary suite includes large bathroom with jacuzzi tub. Tankless water heater, two window units, and a 3year AC system. Fenced yard, covered carport, 16x12 shed, covered patio, and 3 car driveway Refrigerator stays. Come make this beautiful home yours!

14. 2026-05-31
    days on market $189,900 Active 20 DOM
15. 2026-05-11
    listed $189,900 Active 409-char remark

    Show marketing remark (409 chars)

    Beautifully maintained home in Gretna. Kitchen with spacious cabinets opens up to the living room. Four bedrooms, two full baths, neutral colors throughout, Primary suite includes large bathroom with jacuzzi tub. Tankless water heater, two window units, and a 3year AC system. Fenced yard, covered carport, 16x12 shed, covered patio, and 3 car driveway Refrigerator stays. Come make this beautiful home yours!

16. 2026-05-11
    listed $189,900 Active 409-char remark

    Show marketing remark (409 chars)

    Beautifully maintained home in Gretna. Kitchen with spacious cabinets opens up to the living room. Four bedrooms, two full baths, neutral colors throughout, Primary suite includes large bathroom with jacuzzi tub. Tankless water heater, two window units, and a 3year AC system. Fenced yard, covered carport, 16x12 shed, covered patio, and 3 car driveway Refrigerator stays. Come make this beautiful home yours!

17. 2002-06-01
    soldstatus $85,000

ⓘ 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: $1,272 · $106/mo
• Projected year-2 tax: $1,272 · $106/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,195
• − Mortgage interest: −$10,637
• − Property taxes: −$1,272
• − Insurance: −$950
• − Repairs & maintenance: −$1,856
• − Management: −$1,856
• − Depreciation: −$5,524
• Taxable income: $1,101
• Est. tax owed @ 24.0%: −$264
• After-tax cash flow: $3,888/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: Jefferson Parish
• NCES district ID: 2200840
• Math proficiency: 24% ▼ -36.00%
• Reading proficiency: 34% ▼ -30.00%
• Median HH income: $48,421
• Composite: 25.19/100
• National rank: #7511
• State rank: #44 of 98 in LA

Livability — Gretna

• Score: 70/100
• State rank: #58
• US rank: #7679

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gretna, LA
• County: Jefferson Parish · 426,999 people
• City population: 56,969
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 16,621
• Household income: $39,950
• Rent vs Own: 53.4% rent · 46.6% own
• Severe rent burden: 1911.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 451,696 people
• By 2030: 455,451 · +0.8%
• By 2040: 458,308 · +1.5%
• By 2050: 461,031 · +2.1%
• By 2075: 476,351 · +5.5%
• By 2100: 499,377 · +10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 36% Black 34% Hispanic / Latino 23% Two or more races 15% Asian 2%
• Hispanic origin (detail): Mexican 4% Cuban 2%
• Common ancestry: Lithuanian 7% Iranian 1% Slovak 1%
• Foreign-born: 19% · Canada, Vietnam, China
• Languages at home: 76% English-only · Spanish 20% Vietnamese 1% German/W. Germanic 1%

Political lean MEDSL · Jefferson

• 2024 margin: R (+12.9) · D 42.5% · R 55.5% · Other 2.1%
• 2008→2024 swing: +13.6pp toward D · 2008: -26.6pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+11.1 2016: R+14.8 2012: R+18.4 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.90%
• Current HPI: 121.765
• 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

+123.4% since first listed

7 events — show timeline

• 2026-06-03 Relisted — AcadianaMLS
• 2026-06-03 Relisted — GSREIN
• 2026-06-01 Pending — AcadianaMLS
• 2026-06-01 Contingent — GSREIN
• 2026-05-11 Listed $189,900 GSREIN
• 2026-05-11 Listed $189,900 AcadianaMLS
• 2002-06-01 Sold (Public Records) $85,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,272 · -0.2% YoY. Source: county tax records.