1410 Hendee St · New Orleans, LA 70114

$92,500

3 bd · 2.5 ba · 1,150 sqft · SingleFamily public records · 1 Days on market

Built 1970 4,356 sqft lot Est $144k · 36% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Algiers, New Orleans | 1410 Hendee Street | $92,500 Whether you're a first-time buyer ready to put your stamp on something or an investor looking for your next smart acquisition -- this one deserves your attention. This 3BD/2.5BA two-story brick home is priced to sell and loaded with value within walking distance to LB Landry High School. Granite countertops, stainless steel appliances, ceramic tile & LVT throughout (no carpet anywhere!), and a large living area overlooking the kitchen. Outside features a completely fenced yard, storage shed, and dog kennel out back. It needs interior paint and flooring and some TLC-- but it's already priced with that in mind, meaning equity is built

Key facts

• Large living area
• Ceramic tile
• Granite countertops

Tags

• TWO STORY BRICK HOME
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• CERAMIC TILE
• LVT THROUGHOUT
• LARGE LIVING AREA

Property features AI

Exterior

• Home design: Single-family residence
• Construction: Composition roof
• Exterior features: Full fencing; Workshop (outbuilding)

Interior

• Kitchen: Dishwasher; Microwave
• Bedrooms: Two bedrooms
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Granite counters; Living room; Kitchen; Bathroom 1; Bathroom 2; Bedroom 1; Bedroom 2

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $571 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $92k).
• Cap rate 14.6% 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 (-0.7%/yr); 265 active listings in the ZIP; 40 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 ($43k/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 $640 of loan paydown is wiped out by about $3k 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 + 0.0% rent growth), your $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 8y 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.

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 $92,500

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.75% ✓
• Cap rate: 14.57%
• Cash-on-cash: 29.55%
• DSCR: 2.31
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $143,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1410 Hendee St	0.00mi	3/2.5	1,150 (0%)	0mo	$90,000	$78	100
1200 Farragut St	0.35mi	3/2.0	1,155 (+0%)	14mo	$195,000	$169	69
1518 Leboeuf St	0.21mi	2/1.0 (-1)	1,095 (-5%)	3mo	$15,000	$14	69
704 Sumner St	0.52mi	3/1.5	1,127 (-2%)	12mo	$265,000	$235	58
1551 Shirley Dr	0.46mi	3/2.0	1,208 (+5%)	12mo	$37,500	$31	58
1056 Farragut St	0.38mi	3/1.0	1,279 (+11%)	1mo	$85,000	$66	57
1327 Shirley Dr	0.42mi	3/2.0	1,274 (+11%)	6mo	$70,000	$55	56
1416 Pace Blvd	0.70mi	3/1.0	1,118 (-3%)	1mo	$140,000	$125	56
800 Whitney Ave	0.48mi	3/2.0	1,069 (-7%)	16mo	$170,000	$159	50
1401 Nunez St	0.72mi	3/2.0	1,213 (+6%)	8mo	$175,000	$144	48
424 Park Blvd	0.72mi	3/1.5	1,259 (+10%)	2mo	$175,000	$139	45
1623 Shirley Dr	0.50mi	2/2.0 (-1)	1,275 (+11%)	8mo	$70,000	$55	44

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: 16.7%
• Equity multiple: 1.65×
• Total profit: $16,723
• Equity at exit: $13,792

10-year hold

• IRR: 22.8%
• Equity multiple: 2.67×
• Total profit: $43,366
• Equity at exit: $7,998

Cash invested: $25,900 (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 70114

• Rents YoY: -0.7%
• Active inventory: 265
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,617 high
• Mortgage (P&I): −$485
• Tax from tax record: −$116 /mo · $1,395/yr
• Insurance: −$39
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $571

Break-even live

Break-even rent $894

Max offer price $92,500

Occupancy floor 60%

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1510 Sumner St New Orleans, LA	2.0	1.0	950	$1,474	$1.55	15d	1	0.07mi
1418 Behrman Ave New Orleans, LA	2.0	1.0	876	$1,400	$1.60	15d	1	0.13mi
1421 Numa St Unit 1421 New Orleans, LA	3.0	2.0	861	$1,400	$1.63	23d	1	0.18mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	1d	1	0.19mi
1421 23 Numa St New Orleans, LA	3.0	2.0	861	$1,400	$1.63	14d	1	0.19mi
1108 Sumner St New Orleans, LA	3.0	1.5	1197	$1,500	$1.25	11d	1	0.26mi
1625 Lauradale Dr New Orleans, LA	3.0	2.0	1029	$1,700	$1.65	3d	1	0.39mi
718 Majestic Pl New Orleans, LA	3.0	2.0	1164	$1,785	$1.53	21d	1	0.47mi
810 Whitney Ave New Orleans, LA	2.0	1.0	900	$1,250	$1.39	11d	1	0.49mi
807 Whitney Ave Unit 1 New Orleans, LA	3.0	2.0	1262	$1,500	$1.19	3d	1	0.50mi
701 Behrman Ave New Orleans, LA	3.0	2.0	1368	$2,300	$1.68	3d	1	0.56mi
740 Thayer Unit 2A New Orleans, LA	2.0	2.0	950	$1,350	$1.42	23d	1	0.57mi
909 Atlantic Ave New Orleans, LA	2.0	1.0	741	$1,200	$1.62	23d	1	0.58mi
2243 Kraft Pl New Orleans, LA	2.0	1.0	865	$1,200	$1.39	23d	1	0.62mi
606 Drum St New Orleans, LA	3.0	2.0	1131	$2,350	$2.08	23d	1	0.70mi
625 Atlantic Ave New Orleans, LA	2.0	1.0	780	$1,400	$1.79	16d	1	0.73mi
1719 Pace Blvd New Orleans, LA	3.0	1.0	1178	$2,000	$1.70	11d	1	0.73mi
733 Elmira Ave New Orleans, LA	2.0	1.0	864	$1,100	$1.27	23d	1	0.74mi
400 Park Blvd Unit A New Orleans, LA	4.0	1.5	1275	$2,200	$1.73	23d	1	0.76mi
543 Atlantic Ave New Orleans, LA	2.0	2.5	1430	$2,200	$1.54	23d	1	0.77mi
1010 Isbell St Gretna, LA	3.0	1.0	1300	$1,350	$1.04	43d	1	0.79mi
507 Newton St New Orleans, LA	2.0	2.0	1150	$1,400	$1.22	23d	1	0.79mi
537 Pacific Ave New Orleans, LA	2.0	1.0	750	$1,400	$1.87	3d	1	0.81mi
537 Pacific Ave New Orleans, LA	2.0	1.0	750	$1,400	$1.87	2d	1	0.81mi
1140 Teche St Apt B New Orleans, LA	3.0	1.0	1100	$1,850	$1.68	23d	1	0.81mi
1622 Jo Ann Pl New Orleans, LA	3.0	1.5	1301	$1,500	$1.15	1d	1	0.82mi
335 Whitney Ave New Orleans, LA	2.0	1.0	1100	$1,575	$1.43	23d	1	0.83mi
1945 Pace Blvd Unit 104 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	23d	1	0.86mi
1945 Pace Blvd Apt 101 New Orleans, LA	2.0	1.0	1000	$1,250	$1.25	10d	1	0.86mi
1565 Murl St Unit B New Orleans, LA	2.0	2.0	1100	$1,100	$1.00	23d	1	0.86mi
1136 Brooklyn Ave New Orleans, LA	3.0	1.0	913	$1,600	$1.75	23d	1	0.87mi
3000 Americus St New Orleans, LA	3.0	2.0	1280	$1,400	$1.09	23d	1	0.87mi
620 Opelousas Ave Unit 103 New Orleans, LA	2.0	1.5	1000	$1,650	$1.65	2d	1	0.88mi
724 Evelina St Unit B New Orleans, LA	2.0	1.0	1000	$1,600	$1.60	16d	1	0.89mi
2002 Pace Blvd Unit 103 New Orleans, LA	3.0	2.0	1000	$1,500	$1.50	14d	1	0.89mi
1200 Southlawn Blvd New Orleans, LA	3.0	2.0	950	$1,725	$1.82	23d	1	0.89mi
601 Vallette St New Orleans, LA	2.0	1.0	815	$1,600	$1.96	2d	1	0.91mi
3102 Lawrence St New Orleans, LA	2.0	1.0	950	$1,500	$1.58	23d	1	0.95mi
336 Elmira Ave New Orleans, LA	3.0	1.0	1250	$1,825	$1.46	23d	1	0.97mi
325 Elmira Ave Unit 325 New Orleans, LA	3.0	1.5	1050	$1,525	$1.45	23d	1	1.00mi

Listing history 35 events

1. 2026-05-20
   status Pending
2. 2026-05-18
   listed $92,500 Active
3. 2019-05-08
   soldstatus $109,900
4. 2019-05-01
   soldstatus $109,900 Closed
5. 2019-03-08
   status Pending
6. 2019-02-16
   price $109,900
7. 2019-02-05
   listed $109,900
8. 2019-02-05
   listed $119,000 Active
9. 2019-01-29
   price $121,800
10. 2019-01-27
    price $121,999
11. 2019-01-26
    price $122,500
12. 2019-01-24
    price $122,999
13. 2019-01-24
    price $123,000
14. 2019-01-23
    price $123,500
15. 2019-01-22
    price $124,999
16. 2019-01-21
    price $125,900
17. 2019-01-20
    price $125,999
18. 2019-01-18
    price $125,799
19. 2019-01-15
    price $125,900
20. 2019-01-14
    price $125,999
21. 2019-01-11
    price $126,299
22. 2019-01-10
    price $126,300
23. 2019-01-08
    price $126,500
24. 2019-01-05
    price $127,000
25. 2019-01-05
    price $12,700
26. 2019-01-03
    price $127,500
27. 2018-12-29
    price $128,000
28. 2018-12-22
    price $128,500
29. 2018-12-13
    price $128,999
30. 2018-12-03
    price $129,500
31. 2018-11-19
    price $129,800
32. 2018-11-08
    listed $121,800
33. 2014-07-22
    soldstatus $13,000
34. 1994-03-11
    soldstatus $13,000
35. 1981-04-28
    soldstatus $39,200

ⓘ 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: $1,395 · $116/mo
• Projected year-2 tax: $1,395 · $116/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 · 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,407
• − Mortgage interest: −$5,181
• − Property taxes: −$1,395
• − Insurance: −$1,260
• − Repairs & maintenance: −$1,553
• − Management: −$1,553
• − Depreciation: −$2,691
• Taxable income: $5,775
• Est. tax owed @ 24.0%: −$1,386
• After-tax cash flow: $5,470/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): 22,659
• Household income: $43,493
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2240.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% 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: ▼ -98.56%
• Current HPI: 149.0172
• Rent YoY: ▼ -0.72%
• 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

+136.0% since first listed

35 events — show timeline

• 2026-05-20 Pending — AcadianaMLS
• 2026-05-18 Listed $92,500 AcadianaMLS
• 2019-05-08 Sold (Public Records) $109,900 Public Records
• 2019-05-01 Sold (MLS) $109,900 GSREIN
• 2019-03-08 Pending — GSREIN
• 2019-02-16 Price Changed $109,900 GSREIN
• 2019-02-05 Listed $119,000 GSREIN
• 2019-02-05 Listed $109,900 AcadianaMLS
• 2019-01-29 Price Changed $121,800 GSREIN
• 2019-01-27 Price Changed $121,999 GSREIN
• 2019-01-26 Price Changed $122,500 GSREIN
• 2019-01-24 Price Changed $122,999 GSREIN
• 2019-01-24 Price Changed $123,000 GSREIN
• 2019-01-23 Price Changed $123,500 GSREIN
• 2019-01-22 Price Changed $124,999 GSREIN
• 2019-01-21 Price Changed $125,900 GSREIN
• 2019-01-20 Price Changed $125,999 GSREIN
• 2019-01-18 Price Changed $125,799 GSREIN
• 2019-01-15 Price Changed $125,900 GSREIN
• 2019-01-14 Price Changed $125,999 GSREIN
• 2019-01-11 Price Changed $126,299 GSREIN
• 2019-01-10 Price Changed $126,300 GSREIN
• 2019-01-08 Price Changed $126,500 GSREIN
• 2019-01-05 Price Changed $127,000 GSREIN
• 2019-01-05 Price Changed $12,700 GSREIN
• 2019-01-03 Price Changed $127,500 GSREIN
• 2018-12-29 Price Changed $128,000 GSREIN
• 2018-12-22 Price Changed $128,500 GSREIN
• 2018-12-13 Price Changed $128,999 GSREIN
• 2018-12-03 Price Changed $129,500 GSREIN
• 2018-11-19 Price Changed $129,800 GSREIN
• 2018-11-08 Listed $121,800 AcadianaMLS
• 2014-07-22 Sold (Public Records) $13,000 Public Records
• 1994-03-11 Sold (Public Records) $13,000 Public Records
• 1981-04-28 Sold (Public Records) $39,200 Public Records

Property tax history

+19.6%/yr

Latest (2026): $1,395 · +183.8% YoY. Source: county tax records.