7110 Bunker Hill Rd · New Orleans, LA 70127

$225,000

6 bd · 2.0 ba · 2,775 sqft · MultiFamily public records · 36 Days on market

Built 1986 7,156 sqft lot $81/sqft · 7% above area Est $211k · 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +4.4/15.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Spacious income producing double in the heart of New Orleans featuring 5 bedrooms and 3 bedrooms across approximately 2775 living square ft. This well maintained property offers generous living space, functional layouts and strong investment potential. Great for owner-occupants or investors seeking rental income opportunities. Property is in good condition with ample space for multi-generational living or long term tenants.

Key facts

• 7,156 sq ft lot
• 2 parking spots
• Built 1986

Property features AI

Exterior

• Parking: Carport with two spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Entry on main level
• Construction: Brick and vinyl siding exterior; Shingle roof; Slab foundation; Built in recent decades (year not provided)
• Exterior features: City lot; Rectangular lot

Interior

• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two-unit property; Very good condition

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $225k.

Deal economics

• At list price, monthly cash flow is $891 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $218k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.4% 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; lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• At $2,875/mo this rent would consume 85% 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 $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $63k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 28y 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 $70k; list at $225k implies a 224% 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 $218,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 11.40%
• Cash-on-cash: 18.23%
• DSCR: 1.81
• GRM: 6.5

CMA / ARV

• ARV (median comp): $210,588
• List price: $225,000
• Delta: 6.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7001-7003 Yorktown Dr	0.12mi	6/3.0	2,706 (-2%)	1mo	$183,500	$68	86
7160 Bunker Hill Rd	0.05mi	5/3.0 (-1)	2,718 (-2%)	7mo	$190,000	$70	79
7131 Yorktown Dr	0.10mi	5/3.0 (-1)	2,814 (+1%)	7mo	$179,000	$64	78
7120 22 Bunker Hill Rd	0.01mi	5/3.0 (-1)	2,450 (-12%)	6mo	$212,500	$87	66
7140 42 Boston Dr	0.12mi	5/3.0 (-1)	2,648 (-5%)	14mo	$225,000	$85	66
9040 42 Bunker Hill Rd	0.25mi	6/3.0	2,790 (+0%)	23mo	$179,250	$64	64
7100 02 Bunker Hill Rd	0.01mi	5/3.0 (-1)	2,450 (-12%)	8mo	$225,000	$92	64
7143 Boston Dr	0.15mi	5/3.0 (-1)	2,648 (-5%)	20mo	$208,000	$79	59
9110 Morrison Rd	0.28mi	6/4.0	2,528 (-9%)	13mo	$230,000	$91	53
8007 Brevard St	0.72mi	6/4.0	3,000 (+8%)	10mo	$232,000	$77	37
8921 23 Gervais St	0.51mi	5/3.0 (-1)	2,373 (-14%)	14mo	$194,000	$82	31

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: 8.2%
• Equity multiple: 1.32×
• Total profit: $20,196
• Equity at exit: $33,548

10-year hold

• IRR: 17.4%
• Equity multiple: 2.43×
• Total profit: $90,364
• Equity at exit: $19,454

Cash invested: $63,000 (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 70127

• Home prices YoY: -29.2%
• Active inventory: 128
• Price-to-rent: 13.6×

Monthly cashflow live

• Estimated rent: $2,875 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$41 /mo · $487/yr
• Insurance: −$94
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $891

Break-even live

Break-even rent $1,748

Max offer price $225,000

Occupancy floor 64%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,376
1× unit	3	2	$1,498
Total (2 units)			$2,875

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $225,000 Active 36 DOM
2. 2026-06-17
   days on market $225,000 Active 35 DOM
3. 2026-06-16
   days on market $225,000 Active 34 DOM
4. 2026-06-15
   days on market $225,000 Active 33 DOM
5. 2026-06-13
   days on market $225,000 Active 31 DOM
6. 2026-06-10
   days on market $225,000 Active 28 DOM
7. 2026-06-09
   days on market $225,000 Active 27 DOM
8. 2026-06-08
   days on market $225,000 Active 26 DOM
9. 2026-06-07
   days on market $225,000 Active 25 DOM
10. 2026-06-05
    days on market $225,000 Active 22 DOM
11. 2026-06-03
    days on market $225,000 Active 21 DOM
12. 2026-06-02
    days on market $225,000 Active 20 DOM
13. 2026-06-01
    days on market $225,000 Active 19 DOM
14. 2026-05-31
    days on market $225,000 Active 18 DOM
15. 2026-05-13
    historical $1,350
16. 2026-05-12
    listed $225,000 Active 427-char remark

    Show marketing remark (427 chars)

    Spacious income producing double in the heart of New Orleans featuring 5 bedrooms and 3 bedrooms across approximately 2775 living square ft. This well maintained property offers generous living space, functional layouts and strong investment potential. Great for owner-occupants or investors seeking rental income opportunities. Property is in good condition with ample space for multi-generational living or long term tenants.

17. 2026-05-12
    listed $225,000 Active 427-char remark

    Show marketing remark (427 chars)

    Spacious income producing double in the heart of New Orleans featuring 5 bedrooms and 3 bedrooms across approximately 2775 living square ft. This well maintained property offers generous living space, functional layouts and strong investment potential. Great for owner-occupants or investors seeking rental income opportunities. Property is in good condition with ample space for multi-generational living or long term tenants.

18. 2025-09-09
    listed $1,350
19. 1998-06-26
    soldstatus $69,500
20. 1998-06-26
    soldstatus $69,500
21. 1998-02-23
    listed $69,500
22. 1994-10-04
    soldstatus $70,000

ⓘ 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: $487 · $41/mo
• Projected year-2 tax: $1,238 · $103/mo
• Expected delta: +$751/yr (+$63/mo · 154.2%)

ⓘ 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: $34,500
• − Mortgage interest: −$12,603
• − Property taxes: −$487
• − Insurance: −$1,922
• − Repairs & maintenance: −$2,760
• − Management: −$2,760
• − Depreciation: −$6,545
• Taxable income: $7,422
• Est. tax owed @ 24.0%: −$1,781
• After-tax cash flow: $8,905/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

-98.1% since first listed

8 events — show timeline

• 2026-05-13 Rental Removed $1,350 GSREIN
• 2026-05-12 Listed $225,000 AcadianaMLS
• 2026-05-12 Listed $225,000 GSREIN
• 2025-09-09 Listed for Rent $1,350 GSREIN
• 1998-06-26 Sold (Public Records) $69,500 Public Records
• 1998-06-26 Sold (MLS) $69,500 GSREIN
• 1998-02-23 Listed $69,500 GSREIN
• 1994-10-04 Sold (Public Records) $70,000 Public Records

Property tax history

-0.6%/yr

Latest (2026): $487 · +2.0% YoY. Source: county tax records.