Multi-family
1928 30 St Roch Ave · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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
- DSCR +10.0/10.0
- 1% rule +8.9/10.0
- ARV discount +7.9/15.0
- Livability +4.0/5.0
- Rent growth +3.1/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$229,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
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
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
Key facts
- Local eateries
- Walking trail
- Full renovation
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath multifamily listed at $229k.
Deal economics
- At list price, monthly cash flow is $862 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $229k).
- Recommended offer: $208k (9.0% below list) — sets the bar for market timing.
- Cap rate 11.2% 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 rising (+2.5%/yr); 581 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); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $3,182/mo this rent would consume 83% of the median local household income ($46k/yr) (locally 1988% 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 + 2.5% rent growth), your $64k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 116 days — a 9% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $70k; list at $229k implies a 227% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- 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.
Questions for the listing agent
- 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?
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- 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
- 1.39% ✓
- Cap rate
- 11.16%
- Cash-on-cash
- 17.38%
- DSCR
- 1.77
- GRM
- 6.0
CMA / ARV
- ARV (median comp)
- $231,221
- List price
- $229,000
- Delta
- -0.96%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1805 07 St Roch Ave | 0.14mi | 4/2.0 | 1,914 (-6%) | 1mo | $290,000 | $152 | 83 |
| 1734 Spain St | 0.14mi | 5/3.0 (+1) | 1,985 (-2%) | 1mo | $100,000 | $50 | 80 |
| 2517 N Miro St | 0.27mi | 4/2.0 | 1,857 (-8%) | 7mo | $50,000 | $27 | 67 |
| 2008 10 Frenchmen St | 0.33mi | 4/4.0 | 1,942 (-4%) | 6mo | $380,000 | $196 | 65 |
| 1614 16 Annette St | 0.64mi | 4/2.0 | 1,998 (-1%) | 4mo | $120,000 | $60 | 64 |
| 2117 19 Marais St | 0.61mi | 4/2.0 | 2,084 (+3%) | 5mo | $295,000 | $142 | 63 |
| 1827 29 Frenchmen St | 0.32mi | 5/3.0 (+1) | 2,160 (+7%) | 9mo | $360,000 | $167 | 57 |
| 1923-25 Pauger St | 0.67mi | 4/2.0 | 1,879 (-7%) | 4mo | $70,000 | $37 | 54 |
| 2408 10 Saint Anthony St | 0.62mi | 4/4.0 | 1,950 (-4%) | 10mo | $320,000 | $164 | 48 |
| 2134 Annette St | 0.63mi | 4/4.0 | 1,816 (-10%) | 3mo | $210,000 | $116 | 43 |
| 915 17 Spain St | 0.72mi | 3/2.0 (-1) | 1,861 (-8%) | 10mo | $450,000 | $242 | 40 |
| 1345 Saint Anthony St | 0.69mi | 5/2.5 (+1) | 1,776 (-12%) | 7mo | $60,000 | $34 | 35 |
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 · 2.49% rent growth · sell at horizon
- IRR
- 6.6%
- Equity multiple
- 1.25×
- Total profit
- $16,289
- Equity at exit
- $34,145
- IRR
- 15.5%
- Equity multiple
- 2.23×
- Total profit
- $78,684
- Equity at exit
- $19,800
Cash invested: $64,120 (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
ZIP-level market 70117
- Rents YoY
- 2.5%
- Active inventory
- 581
- Price-to-rent
- 12.0×
Monthly cashflow live
- Estimated rent
- $3,182 high interval (Pro) →
- Mortgage (P&I)
- −$1,201
- Tax from tax record
- −$289 /mo · $3,462/yr
- Insurance
- −$95
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$668
- Net cashflow
- $862
Break-even live
Sensitivity live
| Price | -10% $992 | -5% $927 | +0% $862 | +5% $798 | +10% $733 |
|---|---|---|---|---|---|
| Rent | -10% $611 | -5% $737 | +0% $862 | +5% $988 | +10% $1,114 |
| Rate | -1.0pp $978 | -0.5pp $921 | base $862 | +0.5pp $803 | +1.0pp $743 |
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 1 | $3,182 |
| #1 | 3 | 1 | $1,591 |
| #2 | 3 | 1 | $1,591 |
| Total (2 units) | $3,182 | ||
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
- $57,250
- Closing costs
- $6,870
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2115 Mandeville St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,650 | $1.18 | 24d | 1 | 0.10mi |
| 2107 Elysian Fields Ave New Orleans, LA | 4.0 | 2.0 | 1794 | $1,650 | $0.92 | 4d | 1 | 0.20mi |
| 2228 Arts St New Orleans, LA | 3.0 | 2.0 | 2270 | $1,675 | $0.74 | 4d | 1 | 0.25mi |
| 1837 Touro St New Orleans, LA | 3.0 | 1.0 | 1994 | $2,000 | $1.00 | 24d | 1 | 0.36mi |
| 2920 Pauger St New Orleans, LA | 4.0 | 2.0 | 1882 | $1,995 | $1.06 | 24d | 1 | 0.48mi |
| 1938 N Johnson St Unit 38 New Orleans, LA | 3.0 | 2.0 | 1844 | $2,400 | $1.30 | 24d | 1 | 0.51mi |
| 1936 N Johnson St Unit 36 New Orleans, LA | 3.0 | 2.0 | 1844 | $2,400 | $1.30 | 24d | 1 | 0.51mi |
| 3228 Pauger St New Orleans, LA | 5.0 | 2.0 | 1600 | $2,100 | $1.31 | 24d | 1 | 0.59mi |
| 2317 N Rampart St Unit 1272378P New Orleans, LA | 3.0–6.0 | 2.0–4.0 | 1581 | $4,154 | $2.63 | 4d | 2 | 0.71mi |
| 2320 N Rampart St New Orleans, LA | 3.0 | 3.0 | 2317 | $3,700 | $1.60 | 44d | 1 | 0.73mi |
| 1831 N Miro St New Orleans, LA | 3.0 | 2.0 | 1882 | $2,500 | $1.33 | 44d | 1 | 0.74mi |
| 1231 Feliciana St New Orleans, LA | 3.0 | 2.5 | 1869 | $2,750 | $1.47 | 44d | 1 | 0.83mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 24d | 1 | 0.85mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 44d | 1 | 0.85mi |
| 1933 Industry St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,595 | $1.14 | 16d | 1 | 0.86mi |
| 1839 Louisa St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,095 | $1.40 | 16d | 1 | 0.87mi |
| 1835 Louisa St New Orleans, LA | 3.0 | 2.5 | 1800 | $2,350 | $1.31 | 4d | 1 | 0.87mi |
| 1860 Burgundy St New Orleans, LA | 4.0 | 4.0 | 3000 | $3,500 | $1.17 | 24d | 1 | 0.90mi |
| 1245 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 44d | 1 | 0.93mi |
| 1247 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 44d | 1 | 0.93mi |
| 928 Kerlerec St New Orleans, LA | 3.0 | 3.5 | 1684 | $2,750 | $1.63 | 4d | 1 | 0.97mi |
| 928 Kerlerec St New Orleans, LA | 3.0 | 3.5 | 1684 | $2,750 | $1.63 | 3d | 1 | 0.97mi |
| 5624-5626 Saint Claude ST New Orleans, LA | 4.0 | 3.0 | 1521 | $2,300 | $1.51 | 24d | 1 | 0.98mi |
| 1433 Esplanade Ave New Orleans, LA | 3.0 | 2.0 | 2411 | $5,000 | $2.07 | 2d | 1 | 1.03mi |
| 3221 Saint Claude Ave New Orleans, LA | 3.0 | 1.0 | 1900 | $1,650 | $0.87 | 24d | 1 | 1.03mi |
| 2019 Gallier St New Orleans, LA | 4.0 | 2.0 | 1400 | $2,200 | $1.57 | 24d | 1 | 1.06mi |
| 3134 Burgundy St New Orleans, LA | 3.0 | 2.0 | 1887 | $2,900 | $1.54 | 24d | 1 | 1.07mi |
| 1437 Gallier St New Orleans, LA | 3.0 | 2.0 | 1451 | $1,875 | $1.29 | 22d | 1 | 1.08mi |
| 2739 Bay St Unit B New Orleans, LA | 4.0 | 2.0 | 1400 | $1,800 | $1.29 | 21d | 1 | 1.16mi |
| 2331 Columbus St New Orleans, LA | 3.0 | 1.0 | 1976 | $1,850 | $0.94 | 24d | 1 | 1.20mi |
| 1021 Henriette Delille St New Orleans, LA | 3.0 | 2.0 | 2012 | $2,250 | $1.12 | 17d | 1 | 1.23mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 4d | 1 | 1.24mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 3d | 1 | 1.24mi |
| 1323 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 4d | 1 | 1.25mi |
| 2647 Myrtle St Unit 2647 New Orleans, LA | 4.0 | 2.0 | 1445 | $2,550 | $1.76 | 44d | 1 | 1.26mi |
| 1000 Saint Philip St New Orleans, LA | 3.0 | 2.5 | 2650 | $4,800 | $1.81 | 44d | 1 | 1.28mi |
| 639 Desire St New Orleans, LA | 3.0 | 2.5 | 2687 | $5,500 | $2.05 | 20d | 1 | 1.31mi |
| 839 Dumaine St New Orleans, LA | 3.0 | 4.0 | 2740 | $6,500 | $2.37 | 44d | 1 | 1.35mi |
| 811 Burgundy St New Orleans, LA | 4.0 | 2.5 | 2059 | $5,000 | $2.43 | 44d | 1 | 1.39mi |
| 3302 Metropolitan St New Orleans, LA | 4.0 | 2.5 | 1700 | $2,200 | $1.29 | 17d | 1 | 1.41mi |
Listing history 8 events
-
2026-03-27price $229,000 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-03-27price $229,000 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-02-24status Active 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-02-24status Active 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-02-21historical 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-01-28$249,000 Active 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
-
2026-01-28$249,000 Active 892-char remark
Show marketing remark (892 chars)
CALLING INVESTORS, CONTRACTORS, OR OWNER OCCUPANT LOOKING FOR A BLANK CANVAS 3bed/1-bath per side double is ready for a new owner. An excellent opportunity for investors, developers, or owner-occupants seeking location, versatility, and upside. Prime value-add opportunity in trending New Marigny/St Roch neighborhood. This double property features one income-producing unit with a long-term tenant and one unit in need of full renovation, offering immediate upside upon repairs. Also, offers the potential to convert into a spacious single-family home. Ideally located across from a neighborhood park and close proximity to a vibrant mix of local eateries and amenities. It is blocks away from St Roch Market, steps away from a walking trail, and a quick bike ride to the French Quarter. Nice for investors or end-users looking to renovate, reposition, and capitalize on location and growth.
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1976-02-16soldstatus $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
- $3,462 · $289/mo
- Projected year-2 tax
- $3,462 · $289/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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $38,184
- − Mortgage interest
- −$12,828
- − Property taxes
- −$3,462
- − Insurance
- −$1,942
- − Repairs & maintenance
- −$3,055
- − Management
- −$3,055
- − Depreciation
- −$6,662
- Taxable income
- $7,180
- Est. tax owed @ 24.0%
- −$1,723
- After-tax cash flow
- $8,626/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
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)
- 25,652
- Household income
- $45,764
- Rent vs Own
- Severe rent burden
- 1988.0
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
- Majority Black (60%)
- Race & ethnicity
- Black 60% White 30% Two or more races 6% Hispanic / Latino 5%
- Common ancestry
- Lithuanian 5% Italian 1% Romanian 1%
- Foreign-born
- 5% · Canada, South Korea
- Languages at home
- 93% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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
- ▼ -177.22%
- Current HPI
- 184.6061
- Rent YoY
- ▲ 2.49%
- 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 |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+227.1% since first listed8 events — show timeline
- 2026-03-27 Price Changed $229,000 AcadianaMLS
- 2026-03-27 Price Changed $229,000 GSREIN
- 2026-02-24 Relisted — AcadianaMLS
- 2026-02-24 Relisted — GSREIN
- 2026-02-21 Listing Removed — GSREIN
- 2026-01-28 Listed $249,000 GSREIN
- 2026-01-28 Listed $249,000 AcadianaMLS
- 1976-02-16 Sold (Public Records) $70,000 Public Records
Property tax history
+10.5%/yrLatest (2026): $3,462 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…