2521 Corinne Dr · Chalmette, LA 70043

$149,900

3 bd · 1.0 ba · 996 sqft · SingleFamily · 51 Days on market

Built 1962 6,250 sqft lot $151/sqft · 22% below area Est $192k · 22% 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 +20.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• Schools +5.0/10.0
• 1% rule +4.5/10.0
• 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

Situated in the heart of Chalmette, 2521 Corinne Dr. offers comfort, convenience, and key updates in a location that's hard to beat! This 3 bedroom, 1 bath home is within walking distance to Chalmette High School and is located in desirable Flood Zone X for more affordable flood insurance. Inside, you'll find a freshly painted interior, updated flooring in the bedrooms, and a functional kitchen equipped with stainless appliances. The roof is approximately 5 years young, adding peace of mind for the next owner. A great opportunity for a starter home, downsize option, or investment property!

Key facts

• Functional kitchen
• Stainless appliances
• Flood zone x

Tags

• FLOOD ZONE X
• FRESHLY PAINTED INTERIOR
• UPDATED FLOORING
• FUNCTIONAL KITCHEN
• STAINLESS APPLIANCES

Property features AI

Exterior

• Parking: Carport with space for two vehicles
• Utilities: Public water; Public sewer; Electric service (implied)
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; Average condition
• Construction: Brick exterior; Shingle roof; Slab foundation
• Exterior features: Fenced yard; City lot; Rectangular lot; Lot dimensions approximately 50 x 125

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Carbon monoxide detector

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $133 ($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 $143k (4.5% below list).
• Recommended offer: $143k (4.5% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 5.4% 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); 213 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 31% 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 $4k 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 51 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $88k; list at $150k implies a 70% 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 $143,118 (4.5% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.95% ✗
• Cap rate: 7.89%
• Cash-on-cash: 5.71%
• DSCR: 1.25
• GRM: 8.7

CMA / ARV

• ARV (median comp): $191,751
• List price: $149,900
• Delta: -16.61%
• 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
2709 Riverland Dr	0.26mi	3/1.5	1,045 (+5%)	6mo	$185,000	$177	72
2338 Corinne Dr	0.14mi	2/1.0 (-1)	1,099 (+10%)	0mo	$159,000	$145	71
2517 Mumphrey Rd	0.11mi	3/2.0	1,100 (+10%)	7mo	$192,000	$175	67
2200 Volpe Dr	0.47mi	3/1.5	1,056 (+6%)	2mo	$157,000	$149	65
2425 Mumphrey Rd	0.17mi	3/1.5	960 (-4%)	24mo	$165,000	$172	64
2333 Plaza Dr	0.64mi	3/1.0	1,000 (+0%)	21mo	$140,000	$140	52
2200 Munster Blvd	0.73mi	2/2.0 (-1)	1,000 (+0%)	15mo	$169,500	$170	44
2904 Plaza Dr	0.62mi	3/1.0	1,091 (+10%)	18mo	$150,000	$137	40
3312 Veronica Dr	0.65mi	3/2.0	1,100 (+10%)	15mo	$185,000	$168	36
2212 Munster Blvd	0.74mi	2/1.0 (-1)	1,100 (+10%)	10mo	$168,500	$153	34
2801 Marietta St	0.68mi	2/1.0 (-1)	875 (-12%)	10mo	$189,000	$216	34
2124 Munster Blvd	0.74mi	3/1.0	1,105 (+11%)	22mo	$168,400	$152	29

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: -10.2%
• Equity multiple: 0.63×
• Total profit: $-15,648
• Equity at exit: $22,351

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,055
• Equity at exit: $12,961

Cash invested: $41,972 (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 70043

• Rents YoY: 3.1%
• Active inventory: 213
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,431 high
• Mortgage (P&I): −$786
• Tax from tax record: −$82 /mo · $989/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $133

Break-even live

Break-even rent $1,263

Max offer price $149,900

Occupancy floor 86%

Sensitivity live

Price	-10% $218	-5% $176	+0% $133	+5% $91	+10% $48
Rent	-10% $20	-5% $77	+0% $133	+5% $190	+10% $246
Rate	-1.0pp $209	-0.5pp $171	base $133	+0.5pp $94	+1.0pp $55

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2602 Chalona Dr Unit C Chalmette, LA	2.0	1.5	900	$1,200	$1.33	4d	1	0.20mi
2514 Chalona Dr Chalmette, LA	2.0	1.0	828	$1,400	$1.69	22d	1	0.21mi
2431 Octavia Dr Chalmette, LA	3.0	2.0	1100	$1,499	$1.36	44d	1	0.52mi
2337 Plaza Dr Chalmette, LA	3.0	2.0	925	$1,500	$1.62	44d	1	0.64mi
2335 Plaza Dr Chalmette, LA	2.0	1.0	765	$1,300	$1.70	44d	1	0.64mi
2319 Plaza Dr Chalmette, LA	2.0	1.0	1000	$1,200	$1.20	4d	1	0.66mi
3209 Golden Dr Unit C Chalmette, LA	2.0	1.5	950	$1,200	$1.26	17d	1	0.81mi
3305 Golden Dr Unit D Chalmette, LA	2.0	1.5	1100	$1,200	$1.09	17d	1	0.85mi
321 Rosemary Pl Chalmette, LA	2.0	2.0	1000	$1,550	$1.55	3d	1	0.91mi
3513 Golden Dr Chalmette, LA	2.0	2.0	1000	$1,200	$1.20	44d	1	0.96mi
2012 E Beauregard St Chalmette, LA	2.0	1.0	749	$1,500	$2.00	44d	1	0.96mi
3124 Tournefort St Unit 204 Chalmette, LA	2.0	1.0	670	$950	$1.42	44d	1	1.02mi
3316 Laplace St Chalmette, LA	2.0	1.0	850	$1,200	$1.41	44d	1	1.02mi
511 E Genie St Chalmette, LA	3.0	2.0	1100	$1,500	$1.36	3d	1	1.04mi
203 E Moreau St Chalmette, LA	3.0	1.5	965	$1,700	$1.76	4d	1	1.05mi
3612 Laplace St Chalmette, LA	2.0	1.5	1090	$1,300	$1.19	18d	1	1.14mi
406 Dubarry Pl Chalmette, LA	3.0	2.0	950	$1,550	$1.63	44d	1	1.16mi
222 W Morales St Unit C Chalmette, LA	2.0	1.0	850	$1,100	$1.29	24d	1	1.18mi

Listing history 21 events

1. 2026-06-21
   pricedays on market $149,900 Active 51 DOM
2. 2026-06-18
   days on market $159,900 Active 48 DOM
3. 2026-06-17
   days on market $159,900 Active 47 DOM
4. 2026-06-16
   days on market $159,900 Active 46 DOM
5. 2026-06-15
   days on market $159,900 Active 45 DOM
6. 2026-06-13
   days on market $159,900 Active 43 DOM
7. 2026-06-10
   days on market $159,900 Active 40 DOM
8. 2026-06-09
   days on market $159,900 Active 39 DOM
9. 2026-06-08
   days on market $159,900 Active 38 DOM
10. 2026-06-07
    days on market $159,900 Active 37 DOM
11. 2026-06-03
    days on market $159,900 Active 33 DOM
12. 2026-06-02
    days on market $159,900 Active 32 DOM
13. 2026-06-01
    days on market $159,900 Active 31 DOM
14. 2026-05-31
    days on market $159,900 Active 30 DOM
15. 2026-05-01
    listed $159,900 Active 596-char remark

    Show marketing remark (596 chars)

    Situated in the heart of Chalmette, 2521 Corinne Dr. offers comfort, convenience, and key updates in a location that's hard to beat! This 3 bedroom, 1 bath home is within walking distance to Chalmette High School and is located in desirable Flood Zone X for more affordable flood insurance. Inside, you'll find a freshly painted interior, updated flooring in the bedrooms, and a functional kitchen equipped with stainless appliances. The roof is approximately 5 years young, adding peace of mind for the next owner. A great opportunity for a starter home, downsize option, or investment property!

16. 2026-05-01
    listed $159,900 Active 596-char remark

    Show marketing remark (596 chars)

    Situated in the heart of Chalmette, 2521 Corinne Dr. offers comfort, convenience, and key updates in a location that's hard to beat! This 3 bedroom, 1 bath home is within walking distance to Chalmette High School and is located in desirable Flood Zone X for more affordable flood insurance. Inside, you'll find a freshly painted interior, updated flooring in the bedrooms, and a functional kitchen equipped with stainless appliances. The roof is approximately 5 years young, adding peace of mind for the next owner. A great opportunity for a starter home, downsize option, or investment property!

17. 2025-02-06
    historical $1,450
18. 2025-01-25
    listed $1,450
19. 2024-12-19
    historical $1,350
20. 2024-12-18
    listed $1,350
21. 2004-07-20
    soldstatus $88,000

ⓘ 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: $989 · $82/mo
• Projected year-2 tax: $989 · $82/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 ≥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: $17,174
• − Mortgage interest: −$8,397
• − Property taxes: −$989
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,374
• − Management: −$1,374
• − Depreciation: −$4,361
• Taxable loss: −$867
• Est. tax savings @ 24.0%: +$208
• After-tax cash flow: $1,807/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

+81.7% since first listed

7 events — show timeline

• 2026-05-01 Listed $159,900 AcadianaMLS
• 2026-05-01 Listed $159,900 GSREIN
• 2025-02-06 Rental Removed $1,450 GSREIN
• 2025-01-25 Listed for Rent $1,450 GSREIN
• 2024-12-19 Rental Removed $1,350 GSREIN
• 2024-12-18 Listed for Rent $1,350 GSREIN
• 2004-07-20 Sold (Public Records) $88,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $989 · -0.7% YoY. Source: county tax records.