1204 Chimney Wood Ln · New Orleans, LA 70126

$80,000

2 bd · 2.5 ba · 1,454 sqft · Townhouse public records · 101 Days on market

Built 1979 1,367 sqft lot $55/sqft · 7% below area Est $83k · at est. $331/mo HOA · 21% of rent

---

Why this score? — see what drove the B- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.9/15.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

<sp><sp> Beautifully renovated 3-bedroom, 2.5-bath townhouse ready for its next owner. This updated unit features new flooring throughout, fresh sheetrock and walls, granite countertops, stylish backsplash, and brand-new lower kitchen cabinets.<br><br> The spacious living area includes a cozy fireplace and attractive exposed brick downstairs, adding character and warmth to the home. Additional highlights include two dedicated covered parking spaces and a functional layout that makes this property ideal for investors, first-time buyers, or anyone looking for low-maintenance living.<br><br> **Property is currently tenant-occupied at $1,280/month, presenting an immediate income-producing opportunity. With potential for increased rental income, this property offers strong upside for investors. Tenant has expressed interest in remaining, providing added stability from day one.**<br><br> If you or someone you know is looking for a great investment opportunity, let's connect!

Key facts

• Renovated townhouse
• Exposed brick
• New flooring

Tags

• RENOVATED TOWNHOUSE
• NEW FLOORING
• GRANITE COUNTERTOPS
• COZY FIREPLACE
• EXPOSED BRICK
• DEDICATED COVERED PARKING

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath townhouse listed at $80k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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: Rents soft (-0.2%/yr); 224 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• This rent runs 45% of the median local income ($42k/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 $553 of loan paydown is wiped out by about $2k 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.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 21% of rent.
• 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 $72,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 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 1979 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.94% ✓
• Cap rate: 11.99%
• Cash-on-cash: 20.35%
• DSCR: 1.91
• GRM: 4.3

CMA / ARV

• ARV (median comp): $82,571
• List price: $80,000
• Delta: -3.11%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1605 Chimney Wood Ln	0.05mi	2/2.5	1,400 (-4%)	8mo	$70,000	$50	85
6530 Coveview Ct	0.68mi	2/2.5	1,440 (-1%)	4mo	$82,000	$57	63
5713 Count Ln	0.33mi	3/1.5 (+1)	1,336 (-8%)	1mo	$53,000	$40	61
7705 Belcrest Pl	0.35mi	3/1.5 (+1)	1,350 (-7%)	5mo	$87,500	$65	59
5116 Lakeview Ct	0.62mi	3/2.0 (+1)	1,400 (-4%)	1mo	$112,500	$80	57
5269 Basinview Dr	0.61mi	2/2.5	1,520 (+4%)	13mo	$61,000	$40	53
5720 Count Ln	0.30mi	3/1.5 (+1)	1,626 (+12%)	10mo	$86,500	$53	49

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 3.3%
• Equity multiple: 1.12×
• Total profit: $2,694
• Equity at exit: $11,928

10-year hold

• IRR: 8.3%
• Equity multiple: 1.51×
• Total profit: $11,466
• Equity at exit: $6,917

Cash invested: $22,400 (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 70126

• Home prices YoY: -17.0%
• Rents YoY: -0.2%
• Active inventory: 224
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,552 high
• Mortgage (P&I): −$420
• Tax from tax record: −$62 /mo · $747/yr
• Insurance: −$33
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$331
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $313

Break-even live

Break-even rent $1,155

Max offer price $80,000

Occupancy floor 75%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7621 Alabama St New Orleans, LA	2.0	1.0	1000	$1,400	$1.40	23d	1	0.23mi
7611 Mayfair Pl New Orleans, LA	2.0	1.5	1440	$1,450	$1.01	3d	1	0.29mi
7404 Sussex Pl New Orleans, LA	2.0	1.5	1400	$1,450	$1.04	3d	1	0.31mi
6027 Wales St New Orleans, LA	3.0	1.0	1146	$1,550	$1.35	23d	1	0.33mi
6025 Wales St New Orleans, LA	3.0	1.0	1147	$1,550	$1.35	23d	1	0.34mi
5704 Count Ln New Orleans, LA	3.0	1.5	1572	$1,700	$1.08	23d	1	0.34mi
6032 Kuebel Dr New Orleans, LA	3.0	2.0	1100	$1,600	$1.45	23d	1	0.36mi
6030 Kuebel Dr New Orleans, LA	3.0	2.0	1100	$1,600	$1.45	23d	1	0.36mi
7702 Belcrest Pl New Orleans, LA	3.0	1.5	1150	$1,650	$1.43	23d	1	0.37mi
7918 W Laverne St New Orleans, LA	3.0	2.0	1166	$1,750	$1.50	23d	1	0.37mi
8003 W Laverne St Unit 8003 New Orleans, LA	2.0	1.5	1000	$1,275	$1.27	23d	1	0.39mi
8009 Downman Rd Unit 3 New Orleans, LA	1.0	1.0	1000	$750	$0.75	23d	1	0.44mi
6628 Harbourview Dr New Orleans, LA	3.0	2.5	1520	$1,700	$1.12	3d	1	0.71mi
4819 21 Francis Dr New Orleans, LA	3.0	1.0	1272	$1,880	$1.48	3d	1	0.75mi
4722 Shalimar Dr New Orleans, LA	3.0	2.0	1157	$1,400	$1.21	23d	1	0.77mi
4745 Francis Dr New Orleans, LA	3.0	2.0	1311	$1,550	$1.18	16d	1	0.80mi
4718 Reynes St New Orleans, LA	2.0	1.5	890	$1,475	$1.66	23d	1	0.84mi
5925 Pauline Dr New Orleans, LA	3.0	2.0	1566	$2,325	$1.48	16d	1	0.94mi
5920 Boeing St New Orleans, LA	3.0	1.5	1340	$1,400	$1.04	23d	1	0.95mi
4522 Shalimar Dr New Orleans, LA	3.0	2.0	1350	$1,850	$1.37	23d	1	0.96mi
5747 Pauline Dr New Orleans, LA	3.0	1.0	1300	$1,400	$1.08	11d	1	0.96mi
4527 Shalimar Dr New Orleans, LA	3.0	1.5	1174	$1,550	$1.32	23d	1	0.96mi
4211 Downman Rd New Orleans, LA	2.0	1.0	900	$1,250	$1.39	23d	1	1.01mi
4441 Cessna Ct New Orleans, LA	3.0	1.5	1400	$1,600	$1.14	23d	1	1.03mi
8025 Pompano St New Orleans, LA	3.0	1.0	1131	$1,595	$1.41	16d	1	1.06mi
7909 Edward St New Orleans, LA	3.0	1.5	1073	$1,850	$1.72	3d	1	1.12mi
4941 Pecan St Unit 1 New Orleans, LA	2.0	1.0	1000	$1,200	$1.20	23d	1	1.19mi
4722 Mithra St New Orleans, LA	3.0	1.5	1295	$1,600	$1.24	23d	1	1.26mi
4745 Tulip St New Orleans, LA	3.0	1.0	1125	$1,750	$1.56	20d	1	1.34mi
4452 Plum Orchard Ave New Orleans, LA	2.0	1.0	1100	$1,250	$1.14	3d	1	1.42mi

HOA detail

• Monthly dues: $331 · $3,972/yr

Listing history 26 events

1. 2026-06-18
   days on market $80,000 Active 101 DOM
2. 2026-06-17
   days on market $80,000 Active 100 DOM
3. 2026-06-16
   days on market $80,000 Active 99 DOM
4. 2026-06-15
   days on market $80,000 Active 98 DOM
5. 2026-06-13
   days on market $80,000 Active 96 DOM
6. 2026-06-10
   days on market $80,000 Active 93 DOM
7. 2026-06-09
   days on market $80,000 Active 92 DOM
8. 2026-06-08
   days on market $80,000 Active 91 DOM
9. 2026-06-07
   days on market $80,000 Active 90 DOM
10. 2026-06-05
    days on market $80,000 Active 87 DOM
11. 2026-06-03
    days on market $80,000 Active 86 DOM
12. 2026-06-02
    days on market $80,000 Active 85 DOM
13. 2026-06-01
    days on market $80,000 Active 84 DOM
14. 2026-05-31
    days on market $80,000 Active 83 DOM
15. 2026-04-09
    price $80,000 983-char remark

    Show marketing remark (989 chars)

    Calling All Investors! Beautifully renovated 3-bedroom, 2.5-bath townhouse ready for its next owner. This updated unit features new flooring throughout, fresh sheetrock and walls, granite countertops, stylish backsplash, and brand-new lower kitchen cabinets. The spacious living area includes a cozy fireplace and attractive exposed brick downstairs, adding character and warmth to the home. Additional highlights include two dedicated covered parking spaces and a functional layout that makes this property ideal for investors, first-time buyers, or anyone looking for low-maintenance living. * * Property is currently tenant-occupied at $1,280/month, presenting an immediate income-producing opportunity. With potential for increased rental income, this property offers strong upside for investors. Tenant has expressed interest in remaining, providing added stability from day one. * * If you or someone you know is looking for a great investment opportunity, let&rsquo;s connect!

16. 2026-04-09
    price $80,000 989-char remark

    Show marketing remark (989 chars)

    Calling All Investors! Beautifully renovated 3-bedroom, 2.5-bath townhouse ready for its next owner. This updated unit features new flooring throughout, fresh sheetrock and walls, granite countertops, stylish backsplash, and brand-new lower kitchen cabinets. The spacious living area includes a cozy fireplace and attractive exposed brick downstairs, adding character and warmth to the home. Additional highlights include two dedicated covered parking spaces and a functional layout that makes this property ideal for investors, first-time buyers, or anyone looking for low-maintenance living. * * Property is currently tenant-occupied at $1,280/month, presenting an immediate income-producing opportunity. With potential for increased rental income, this property offers strong upside for investors. Tenant has expressed interest in remaining, providing added stability from day one. * * If you or someone you know is looking for a great investment opportunity, let&rsquo;s connect!

17. 2026-03-09
    listed $90,000 Active 983-char remark

    Show marketing remark (989 chars)

    Calling All Investors! Beautifully renovated 3-bedroom, 2.5-bath townhouse ready for its next owner. This updated unit features new flooring throughout, fresh sheetrock and walls, granite countertops, stylish backsplash, and brand-new lower kitchen cabinets. The spacious living area includes a cozy fireplace and attractive exposed brick downstairs, adding character and warmth to the home. Additional highlights include two dedicated covered parking spaces and a functional layout that makes this property ideal for investors, first-time buyers, or anyone looking for low-maintenance living. * * Property is currently tenant-occupied at $1,280/month, presenting an immediate income-producing opportunity. With potential for increased rental income, this property offers strong upside for investors. Tenant has expressed interest in remaining, providing added stability from day one. * * If you or someone you know is looking for a great investment opportunity, let&rsquo;s connect!

18. 2026-03-09
    listed $90,000 Active 989-char remark

    Show marketing remark (989 chars)

    Calling All Investors! Beautifully renovated 3-bedroom, 2.5-bath townhouse ready for its next owner. This updated unit features new flooring throughout, fresh sheetrock and walls, granite countertops, stylish backsplash, and brand-new lower kitchen cabinets. The spacious living area includes a cozy fireplace and attractive exposed brick downstairs, adding character and warmth to the home. Additional highlights include two dedicated covered parking spaces and a functional layout that makes this property ideal for investors, first-time buyers, or anyone looking for low-maintenance living. * * Property is currently tenant-occupied at $1,280/month, presenting an immediate income-producing opportunity. With potential for increased rental income, this property offers strong upside for investors. Tenant has expressed interest in remaining, providing added stability from day one. * * If you or someone you know is looking for a great investment opportunity, let&rsquo;s connect!

19. 2022-09-23
    soldstatus $62,200
20. 2022-09-22
    soldstatus $62,200 Closed
21. 2022-09-07
    status Pending
22. 2022-08-26
    listed $67,000 Active
23. 2022-08-26
    listed $67,000
24. 1997-09-26
    soldstatus $49,000
25. 1997-03-06
    listed $52,000
26. 1979-06-15
    soldstatus $60,000

ⓘ 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: $747 · $62/mo
• Projected year-2 tax: $747 · $62/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 9/10 Extreme 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: $18,623
• − Mortgage interest: −$4,481
• − Property taxes: −$747
• − Insurance: −$1,198
• − Repairs & maintenance: −$1,490
• − Management: −$1,490
• − HOA: −$3,972
• − Depreciation: −$2,327
• Taxable income: $2,918
• Est. tax owed @ 24.0%: −$700
• After-tax cash flow: $3,061/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): 27,047
• Household income: $41,709
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 1767.0

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 (85%)
• Race & ethnicity: Black 85% Hispanic / Latino 6% Two or more races 5% White 5%
• Common ancestry: Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 5% Other Indo-European 1%

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: ▼ -36.35%
• Current HPI: 177.355
• Rent YoY: ▼ -0.24%
• 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

+33.3% since first listed

12 events — show timeline

• 2026-04-09 Price Changed $80,000 AcadianaMLS
• 2026-04-09 Price Changed $80,000 GSREIN
• 2026-03-09 Listed $90,000 GSREIN
• 2026-03-09 Listed $90,000 AcadianaMLS
• 2022-09-23 Sold (Public Records) $62,200 Public Records
• 2022-09-22 Sold (MLS) $62,200 GSREIN
• 2022-09-07 Pending — GSREIN
• 2022-08-26 Listed $67,000 AcadianaMLS
• 2022-08-26 Listed $67,000 GSREIN
• 1997-09-26 Sold (Public Records) $49,000 Public Records
• 1997-03-06 Listed $52,000 AcadianaMLS
• 1979-06-15 Sold (Public Records) $60,000 Public Records

Property tax history

-1.6%/yr

Latest (2026): $747 · +1.1% YoY. Source: county tax records.