2420 Fenelon St · Chalmette, LA 70043

$159,900

3 bd · 1.0 ba · 1,016 sqft · SingleFamily · 116 Days on market

Built 1962 5,662 sqft lot $157/sqft · 13% below area Est $183k · 13% 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 +21.7/30.0
• ARV discount +13.2/15.0
• DSCR +6.9/10.0
• Schools +5.0/10.0
• 1% rule +4.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 2420 Fenelon Street, a well-kept 3-bedroom, 1-bath home on a desirable corner lot in the heart of Chalmette. This charming property features a recently updated bathroom, durable vinyl flooring throughout, natural gas utilities, and a security system for added peace of mind. Newly painted deck and newly built steps as well. Conveniently located just minutes from New Orleans you have access to fantastic local dining spots, and entertainment--this home offers both comfort and accessibility. Enjoy relaxing on the covered, screened-in patio, plus a detached shed with laundry and additional covered space. Great for first-time buyers or those looking to downsize. Throw some offers! Let's make it happen!

Key facts

• Vinyl flooring
• Security system
• Corner lot

Tags

• CORNER LOT
• UPDATED BATHROOM
• VINYL FLOORING
• NATURAL GAS UTILITIES
• SECURITY SYSTEM
• COVERED SCREENED PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/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 $155k (2.9% below list).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.5% in Chalmette — 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 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); 209 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 34% 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 $1k of loan paydown is wiped out by about $5k 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 116 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask is 9894% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major 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 $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 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 1962 — 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. 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?
7. 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.
8. 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.
9. 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: 0.97% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.57%
• DSCR: 1.29
• GRM: 8.6

CMA / ARV

• ARV (median comp): $183,277
• List price: $159,900
• Delta: -12.76%
• 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
2500 Fenelon St	0.02mi	2/1.0 (-1)	1,020 (+0%)	7mo	$159,600	$156	88
2136 E Beauregard St	0.38mi	3/1.0	978 (-4%)	6mo	$150,000	$153	71
2320 Pakenham Dr	0.40mi	2/1.0 (-1)	995 (-2%)	3mo	$185,000	$186	70
2304 Fenelon St	0.10mi	3/2.0	1,132 (+11%)	5mo	$220,000	$194	68
9 Old Hickory St	0.53mi	2/1.0 (-1)	1,000 (-2%)	5mo	$95,000	$95	64
3407 Delille St	0.71mi	2/1.0 (-1)	1,026 (+1%)	1mo	$170,000	$166	59
2308 Lloyds Ave	0.17mi	2/1.0 (-1)	881 (-13%)	7mo	$130,000	$148	59
3114 Delille St	0.51mi	2/1.0 (-1)	926 (-9%)	2mo	$150,000	$162	55
8 Old Hickory Ave	0.56mi	2/1.0 (-1)	920 (-9%)	2mo	$179,000	$195	52
2309 Plaza Dr	0.64mi	2/1.0 (-1)	1,162 (+14%)	6mo	$152,900	$132	36
2801 Marietta St	0.60mi	2/1.0 (-1)	875 (-14%)	10mo	$189,000	$216	36
2712 Dauterive Dr	0.71mi	3/1.5	1,160 (+14%)	10mo	$180,000	$155	33

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: -8.7%
• Equity multiple: 0.68×
• Total profit: $-14,381
• Equity at exit: $23,842

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,776
• Equity at exit: $13,825

Cash invested: $44,772 (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: 209
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,552 high
• Mortgage (P&I): −$839
• Tax from tax record: −$76 /mo · $913/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $179

Break-even live

Break-even rent $1,326

Max offer price $159,900

Occupancy floor 84%

Sensitivity live

Price	-10% $269	-5% $224	+0% $179	+5% $133	+10% $88
Rent	-10% $56	-5% $117	+0% $179	+5% $240	+10% $301
Rate	-1.0pp $259	-0.5pp $219	base $179	+0.5pp $137	+1.0pp $95

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
222 W Morales St Unit C Chalmette, LA	2.0	1.0	850	$1,100	$1.29	24d	1	0.17mi
2107 Montesquieu St Chalmette, LA	2.0	1.0	1150	$1,199	$1.04	22d	1	0.25mi
226 E Casa Calvo St Chalmette, LA	3.0	2.0	1330	$1,900	$1.43	44d	1	0.35mi
203 E Moreau St Chalmette, LA	3.0	1.5	965	$1,700	$1.76	4d	1	0.35mi
321 Rosemary Pl Chalmette, LA	2.0	2.0	1000	$1,550	$1.55	2d	1	0.36mi
2029 W Beauregard St Chalmette, LA	3.0	2.0	1176	$2,200	$1.87	18d	1	0.42mi
2012 E Beauregard St Chalmette, LA	2.0	1.0	749	$1,500	$2.00	44d	1	0.47mi
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	24d	1	0.50mi
3108 Tournefort St Chalmette, LA	3.0	2.0	1399	$1,750	$1.25	3d	1	0.57mi
3400 Montesquieu St Unit 1-B Chalmette, LA	3.0	2.5	1372	$2,550	$1.86	2d	1	0.58mi
2329 Lyndell Dr Chalmette, LA	2.0	1.0	1265	$1,400	$1.11	44d	1	0.59mi
3108 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.61mi
3106 Laplace St Chalmette, LA	3.0	2.5	1390	$1,650	$1.19	44d	1	0.62mi
2337 Plaza Dr Chalmette, LA	3.0	2.0	925	$1,500	$1.62	44d	1	0.65mi
2335 Plaza Dr Chalmette, LA	2.0	1.0	765	$1,300	$1.70	44d	1	0.65mi
2319 Plaza Dr Chalmette, LA	2.0	1.0	1000	$1,200	$1.20	4d	1	0.65mi
3218 Pakenham Dr Chalmette, LA	2.0	1.0	850	$1,300	$1.53	11d	1	0.66mi
3209 Golden Dr Unit C Chalmette, LA	2.0	1.5	950	$1,200	$1.26	16d	1	0.72mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	44d	1	0.74mi
8720 W Livingston Ave Unit F Chalmette, LA	2.0	2.0	900	$1,050	$1.17	24d	1	0.74mi
3316 Laplace St Chalmette, LA	2.0	1.0	850	$1,200	$1.41	44d	1	0.75mi
8720 Livingston Ave Unit H Chalmette, LA	2.0	2.0	900	$1,050	$1.17	44d	1	0.76mi
8704 W Livingston Ave Apt F Chalmette, LA	2.0	2.0	875	$1,050	$1.20	44d	1	0.79mi
3305 Golden Dr Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	16d	1	0.79mi
3507 Sinclair St Chalmette, LA	3.0	2.0	1186	$1,800	$1.52	11d	1	0.80mi
3324 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	44d	1	0.83mi
3405 Shangri La Dr Chalmette, LA	2.0	1.0	1000	$1,300	$1.30	24d	1	0.83mi
3329 Golden Dr Unit A Chalmette, LA	2.0	1.5	1200	$1,200	$1.00	44d	1	0.85mi
3508 Pakenham Dr Chalmette, LA	2.0	1.0	1000	$1,150	$1.15	3d	1	0.86mi
800 W Genie St Unit 3 Chalmette, LA	2.0	1.0	700	$1,100	$1.57	44d	1	0.88mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	21d	1	0.92mi
3617 Park Blvd Chalmette, LA	3.0	2.0	1090	$1,850	$1.70	44d	1	0.92mi
3606 Pakenham Dr Unit 3606 Chalmette, LA	3.0	2.0	1400	$1,800	$1.29	12d	1	0.92mi
3625 Park Blvd Chalmette, LA	3.0	2.0	924	$1,750	$1.89	3d	1	0.92mi
3627 Park Blvd Chalmette, LA	3.0	2.0	873	$1,750	$2.00	3d	1	0.93mi
3321 Plaza Dr Chalmette, LA	3.0	2.0	1400	$1,650	$1.18	11d	1	0.93mi
3612 Laplace St Chalmette, LA	2.0	1.5	1090	$1,300	$1.19	18d	1	0.94mi
3615 Jupiter Dr Chalmette, LA	3.0	1.5	1000	$1,595	$1.59	44d	1	0.96mi
3513 Golden Dr Chalmette, LA	2.0	2.0	1000	$1,200	$1.20	44d	1	0.96mi
2228 Riverland Dr Chalmette, LA	3.0	1.0	1300	$1,800	$1.38	3d	1	0.97mi

Listing history 28 events

1. 2026-06-18
   days on market $159,900 Active 116 DOM
2. 2026-06-17
   days on market $159,900 Active 115 DOM
3. 2026-06-16
   days on market $159,900 Active 114 DOM
4. 2026-06-15
   days on market $159,900 Active 113 DOM
5. 2026-06-13
   days on market $159,900 Active 111 DOM
6. 2026-06-10
   days on market $159,900 Active 108 DOM
7. 2026-06-09
   days on market $159,900 Active 107 DOM
8. 2026-06-08
   days on market $159,900 Active 106 DOM
9. 2026-06-07
   days on market $159,900 Active 105 DOM
10. 2026-06-03
    days on market $159,900 Active 101 DOM
11. 2026-06-02
    days on market $159,900 Active 100 DOM
12. 2026-06-01
    days on market $159,900 Active 99 DOM
13. 2026-05-31
    days on market $159,900 Active 98 DOM
14. 2026-05-07
    listed $1,600
15. 2026-03-25
    price $159,900 716-char remark

    Show marketing remark (721 chars)

    Welcome to 2420 Fenelon Street, a well-kept 3-bedroom, 1-bath home on a desirable corner lot in the heart of Chalmette. This charming property features a recently updated bathroom, durable vinyl flooring throughout, natural gas utilities, and a security system for added peace of mind. Newly painted deck and newly built steps as well. Conveniently located just minutes from New Orleans you have access to fantastic local dining spots, and entertainment—this home offers both comfort and accessibility. Enjoy relaxing on the covered, screened-in patio, plus a detached shed with laundry and additional covered space. Great for first-time buyers or those looking to downsize. Throw some offers! Let's make it happen!

16. 2026-03-25
    price $159,900 721-char remark

    Show marketing remark (721 chars)

    Welcome to 2420 Fenelon Street, a well-kept 3-bedroom, 1-bath home on a desirable corner lot in the heart of Chalmette. This charming property features a recently updated bathroom, durable vinyl flooring throughout, natural gas utilities, and a security system for added peace of mind. Newly painted deck and newly built steps as well. Conveniently located just minutes from New Orleans you have access to fantastic local dining spots, and entertainment—this home offers both comfort and accessibility. Enjoy relaxing on the covered, screened-in patio, plus a detached shed with laundry and additional covered space. Great for first-time buyers or those looking to downsize. Throw some offers! Let's make it happen!

17. 2026-02-22
    listed $169,500 Active 716-char remark

    Show marketing remark (721 chars)

    Welcome to 2420 Fenelon Street, a well-kept 3-bedroom, 1-bath home on a desirable corner lot in the heart of Chalmette. This charming property features a recently updated bathroom, durable vinyl flooring throughout, natural gas utilities, and a security system for added peace of mind. Newly painted deck and newly built steps as well. Conveniently located just minutes from New Orleans you have access to fantastic local dining spots, and entertainment—this home offers both comfort and accessibility. Enjoy relaxing on the covered, screened-in patio, plus a detached shed with laundry and additional covered space. Great for first-time buyers or those looking to downsize. Throw some offers! Let's make it happen!

18. 2026-02-22
    listed $169,500 Active 721-char remark

    Show marketing remark (721 chars)

    Welcome to 2420 Fenelon Street, a well-kept 3-bedroom, 1-bath home on a desirable corner lot in the heart of Chalmette. This charming property features a recently updated bathroom, durable vinyl flooring throughout, natural gas utilities, and a security system for added peace of mind. Newly painted deck and newly built steps as well. Conveniently located just minutes from New Orleans you have access to fantastic local dining spots, and entertainment—this home offers both comfort and accessibility. Enjoy relaxing on the covered, screened-in patio, plus a detached shed with laundry and additional covered space. Great for first-time buyers or those looking to downsize. Throw some offers! Let's make it happen!

19. 2025-12-04
    price $169,900
20. 2025-12-04
    price $169,900
21. 2025-08-20
    listed $175,000 Active
22. 2023-03-07
    soldstatus $150,000
23. 2023-02-28
    soldstatus $150,000 Closed
24. 2023-01-31
    historical Active Under Contract
25. 2022-11-11
    listed $160,000
26. 2022-11-11
    listed $160,000 Active
27. 2017-01-11
    soldstatus $95,000
28. 2013-09-09
    soldstatus $75,000

ⓘ 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: $913 · $76/mo
• Projected year-2 tax: $913 · $76/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 7/10 Severe FEMA zone X (shaded) · 60% chance over 30 yrs
• 🔥 Wildfire 2/10 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,625
• − Mortgage interest: −$8,957
• − Property taxes: −$913
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,490
• − Management: −$1,490
• − Depreciation: −$4,652
• Taxable loss: −$473
• Est. tax savings @ 24.0%: +$113
• After-tax cash flow: $2,256/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

-97.9% since first listed

15 events — show timeline

• 2026-05-07 Listed for Rent $1,600 RAAMLS
• 2026-03-25 Price Changed $159,900 AcadianaMLS
• 2026-03-25 Price Changed $159,900 GSREIN
• 2026-02-22 Listed $169,500 GSREIN
• 2026-02-22 Listed $169,500 AcadianaMLS
• 2025-12-04 Price Changed $169,900 AcadianaMLS
• 2025-12-04 Price Changed $169,900 GSREIN
• 2025-08-20 Listed $175,000 AcadianaMLS
• 2023-03-07 Sold (Public Records) $150,000 Public Records
• 2023-02-28 Sold (MLS) $150,000 GSREIN
• 2023-01-31 Contingent — GSREIN
• 2022-11-11 Listed $160,000 GSREIN
• 2022-11-11 Listed $160,000 AcadianaMLS
• 2017-01-11 Sold (Public Records) $95,000 Public Records
• 2013-09-09 Sold (Public Records) $75,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $913 · -55.8% YoY. Source: county tax records.