1511 S Liberty St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.75%
- 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
- 20 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 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 +25.7/30.0
- ARV discount +15.0/15.0
- Appreciation +10.0/10.0
- DSCR +8.6/10.0
- 1% rule +6.0/10.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- Condition / age +4.0/5.0
- Schools +1.8/10.0
$180,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you'll find fresh paint and a bright, open layout that's great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don't miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
Key facts
- Backyard
- Open layout
- 1,864 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $180k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $367 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $180k).
- Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
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.
- Zoned schools: Benjamin Franklin Elem. Math And Science (math 12% / reading 23%, grade F, #479 of 646 statewide, top 75%, 747 students, 98% FRL, charter) — zoned schools average 98% FRL vs 68% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising fast (+6.0%/yr); 156 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 60d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
Forward outlook
- In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 6.0% rent growth), your $50k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 266 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 11y ago; this cycle's ask has dropped $40k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $95k; list at $180k implies a 89% 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→20/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 266 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- 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 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
- 1.10% ✓
- Cap rate
- 9.19%
- Cash-on-cash
- 10.33%
- DSCR
- 1.46
- GRM
- 7.6
CMA / ARV
- ARV (median comp)
- $323,842
- List price
- $180,000
- Delta
- -44.42%
- 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 |
|---|---|---|---|---|---|---|---|
| 2015 Martin Luther King Blvd | 0.17mi | 3/2.0 | 1,332 (-4%) | 5mo | $249,000 | $187 | 82 |
| 2504 Martin Luther King Jr Blvd | 0.13mi | 3/2.0 | 1,384 (-0%) | 19mo | $65,000 | $47 | 78 |
| 1819 Baronne St | 0.37mi | 3/2.0 | 1,375 (-1%) | 6mo | $315,000 | $229 | 76 |
| 2725 Philip St | 0.37mi | 3/2.0 | 1,404 (+1%) | 9mo | $199,000 | $142 | 74 |
| 1301 S Saratoga St | 0.19mi | 3/2.0 | 1,510 (+9%) | 4mo | $250,000 | $166 | 73 |
| 1323 S Rampart St | 0.21mi | 3/2.0 | 1,477 (+7%) | 11mo | $275,000 | $186 | 70 |
| 2014 Philip St | 0.44mi | 3/2.0 | 1,476 (+6%) | 4mo | $310,000 | $210 | 65 |
| 2320 Second St | 0.44mi | 3/2.0 | 1,366 (-1%) | 16mo | $214,000 | $157 | 64 |
| 2305 Washington Ave | 0.59mi | 3/2.0 | 1,382 (-0%) | 11mo | $337,000 | $244 | 63 |
| 2321 Seventh St | 0.74mi | 3/2.0 | 1,425 (+3%) | 4mo | $325,000 | $228 | 58 |
| 2410 Freret St | 0.38mi | 3/3.0 | 1,305 (-6%) | 13mo | $249,000 | $191 | 58 |
| 1725 St. Andrew St Unit C | 0.45mi | 3/3.0 | 1,330 (-4%) | 20mo | $445,000 | $335 | 52 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 5.98% rent growth · sell at horizon
- IRR
- 31.9%
- Equity multiple
- 3.53×
- Total profit
- $127,529
- Equity at exit
- $162,158
- IRR
- 28.5%
- Equity multiple
- 8.36×
- Total profit
- $371,099
- Equity at exit
- $349,700
Cash invested: $50,400 (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
Active competition Active MLS
- For sale now
- 38 active · 10 under contract
- Months of supply
- 25.3 mo (4%/mo absorbed)
- Median asking
- $250,000 ($185/sqft)
- Median days on market
- 98 d
- This list price
- 29% of active listings are priced below it
- ARV vs active asking
- +26.4% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 70113
- Rents YoY
- 6.0%
- Active inventory
- 156
- Price-to-rent
- 7.6×
Monthly cashflow live
- Estimated rent
- $1,975 high interval (Pro) →
- Mortgage (P&I)
- −$944
- Tax from tax record
- −$107 /mo · $1,285/yr
- Insurance
- −$75
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$415
- Net cashflow
- $367
Break-even live
Sensitivity live
| Price | -10% $469 | -5% $418 | +0% $367 | +5% $316 | +10% $266 |
|---|---|---|---|---|---|
| Rent | -10% $211 | -5% $289 | +0% $367 | +5% $445 | +10% $523 |
| Rate | -1.0pp $458 | -0.5pp $413 | base $367 | +0.5pp $321 | +1.0pp $273 |
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
- $45,000
- Closing costs
- $5,400
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2318 Martin Luther King Junior Blvd New Orleans, LA | 3.0 | 2.0 | 1400 | $1,700 | $1.21 | 72d | 1 | 0.01mi |
| 1614 Rev John Raphael Jr Way New Orleans, LA | 3.0 | 2.0 | 1000 | $1,500 | $1.50 | 72d | 1 | 0.08mi |
| 2239 Saint Andrew St New Orleans, LA | 3.0 | 2.0 | 1450 | $1,875 | $1.29 | 39d | 1 | 0.14mi |
| 2526 Martin Luther King Junior Blvd New Orleans, LA | 3.0 | 2.0 | 1200 | $2,200 | $1.83 | 52d | 1 | 0.15mi |
| 2107 Erato St New Orleans, LA | 2.0 | 2.5 | 1050 | $1,750 | $1.67 | 16d | 1 | 0.20mi |
| 2515 Erato St Unit 102 New Orleans, LA | 2.0 | 1.0 | 1000 | $2,100 | $2.10 | 70d | 1 | 0.20mi |
| 2123 S Liberty St Unit 2125 New Orleans, LA | 3.0 | 2.0 | 1500 | $2,100 | $1.40 | 52d | 1 | 0.23mi |
| 2123 S Liberty St Unit 2123 New Orleans, LA | 4.0 | 2.0 | 1700 | $2,300 | $1.35 | 16d | 1 | 0.23mi |
| 2123 S Liberty St New Orleans, LA | 4.0 | 2.0 | 1700 | $2,400 | $1.41 | 27d | 1 | 0.23mi |
| 1407 Magnolia St New Orleans, LA | 3.0 | 2.0 | 1824 | $1,500 | $0.82 | 72d | 1 | 0.24mi |
| 2119 Josephine St New Orleans, LA | 3.0 | 1.0 | 1017 | $950 | $0.93 | 70d | 1 | 0.25mi |
| 2722 Martin L King Bl New Orleans, LA | 3.0 | 2.5 | 1350 | $1,700 | $1.26 | 25d | 1 | 0.26mi |
| 2032 Saint Andrew St New Orleans, LA | 3.0 | 2.0 | 1035 | $1,825 | $1.76 | 41d | 1 | 0.26mi |
| 2102 Josephine St New Orleans, LA | 4.0 | 2.0 | 1286 | $2,100 | $1.63 | 72d | 1 | 0.28mi |
| 2053 Jackson Ave New Orleans, LA | 3.0 | 2.0 | 1330 | $2,200 | $1.65 | 16d | 1 | 0.30mi |
| 2818 Saint Andrew St New Orleans, LA | 2.0 | 1.0 | 900 | $1,550 | $1.72 | 72d | 1 | 0.30mi |
| 2231 S Liberty St New Orleans, LA | 3.0 | 3.5 | 1752 | $2,000 | $1.14 | 66d | 1 | 0.31mi |
| 1848 Felicity St New Orleans, LA | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 66d | 1 | 0.33mi |
| 1944 Jackson Ave New Orleans, LA | 3.0 | 2.5 | 1572 | $2,500 | $1.59 | 93d | 1 | 0.37mi |
| 1827 Baronne St Unit C New Orleans, LA | 2.0 | 1.0 | 876 | $1,450 | $1.66 | 72d | 1 | 0.38mi |
| 1816 Saint Andrew St Unit 2A New Orleans, LA | 2.0 | 1.0 | 1110 | $1,625 | $1.46 | 20d | 1 | 0.39mi |
| 2130 1st St New Orleans, LA | 2.0 | 2.0 | 1080 | $2,200 | $2.04 | 16d | 1 | 0.43mi |
| 2225 2nd St New Orleans, LA | 3.0 | 2.0 | 1100 | $1,800 | $1.64 | 72d | 1 | 0.44mi |
| 2227 Second St New Orleans, LA | 2.0 | 2.0 | 1100 | $1,900 | $1.73 | 72d | 1 | 0.45mi |
| 2713 2nd St New Orleans, LA | 2.0 | 2.0 | 1172 | $1,700 | $1.45 | 32d | 1 | 0.45mi |
| 2403 S Saratoga St New Orleans, LA | 3.0 | 2.5 | 1600 | $2,200 | $1.38 | 46d | 1 | 0.45mi |
| 1915 Philip St New Orleans, LA | 3.0 | 1.5 | 1300 | $2,450 | $1.88 | 72d | 1 | 0.46mi |
| 1809 Carondelet St Unit 1809 New Orleans, LA | 2.0 | 2.0 | 1086 | $2,000 | $1.84 | 52d | 1 | 0.46mi |
| 1809 Carondelet St New Orleans, LA | 2.0 | 2.0 | 1086 | $2,200 | $2.03 | 72d | 1 | 0.46mi |
| 875 O'Keefe Ave #205 New Orleans, LA | 2.0 | 2.5 | 1040 | $2,250 | $2.16 | 66d | 1 | 0.48mi |
| 2310 Third St Unit 1 New Orleans, LA | 3.0 | 2.0 | 1300 | $1,800 | $1.38 | 32d | 1 | 0.50mi |
| 1001 Julia St Unit 10B New Orleans, LA | 2.0 | 2.0 | 1418 | $6,650 | $4.69 | 59d | 1 | 0.52mi |
| 822 Howard Ave Unit 1272380P New Orleans, LA | 1.0–5.0 | 1.0–4.0 | 1743 | $4,190 | $2.40 | 16d | 5 | 0.52mi |
| 1100 Girod St Unit PHF New Orleans, LA | 2.0 | 2.0 | 1380 | $5,800 | $4.20 | 72d | 1 | 0.53mi |
| 1643 Josephine St New Orleans, LA | 1.0–3.0 | 1.5–2.0 | 896 | $2,483 | $2.77 | 16d | 21 | 0.53mi |
| 818 Howard Ave Unit 402 New Orleans, LA | 2.0 | 2.0 | 958 | $2,635 | $2.75 | 27d | 1 | 0.53mi |
| 1711 Jackson Ave Unit B New Orleans, LA | 2.0 | 2.0 | 1200 | $1,750 | $1.46 | 32d | 1 | 0.53mi |
| 814 Howard Ave Unit 102 New Orleans, LA | 2.0 | 2.0 | 1160 | $3,800 | $3.28 | 72d | 1 | 0.54mi |
| 1100 Girod St Unit PHC New Orleans, LA | 2.0 | 2.5 | 1609 | $5,500 | $3.42 | 61d | 1 | 0.57mi |
| 2712 Lasalle St New Orleans, LA | 3.0 | 1.5 | 932 | $1,500 | $1.61 | 16d | 1 | 0.57mi |
Listing history 48 events
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2026-07-11days on market $180,000 Active 266 DOM
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2026-07-10days on market $180,000 Active 265 DOM
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2026-07-09days on market $180,000 Active 264 DOM
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2026-07-07days on market $180,000 Active 262 DOM
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2026-07-06days on market $180,000 Active 261 DOM
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2026-07-06days on market $180,000 Active 260 DOM
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2026-07-03days on market $180,000 Active 258 DOM
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2026-07-02days on market $180,000 Active 257 DOM
-
2026-07-01days on market $180,000 Active 256 DOM
-
2026-06-30days on market $180,000 Active 255 DOM
-
2026-06-29days on market $180,000 Active 254 DOM
-
2026-06-28days on market $180,000 Active 253 DOM
-
2026-06-27days on market $180,000 Active 252 DOM
-
2026-06-27days on market $180,000 Active 251 DOM
-
2026-06-25days on market $180,000 Active 249 DOM
-
2026-06-21days on market $180,000 Active 246 DOM
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2026-06-18days on market $180,000 Active 243 DOM
-
2026-06-17days on market $180,000 Active 242 DOM
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2026-06-16days on market $180,000 Active 241 DOM
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2026-06-15days on market $180,000 Active 240 DOM
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2026-06-13days on market $180,000 Active 238 DOM
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2026-06-10days on market $180,000 Active 235 DOM
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2026-06-09days on market $180,000 Active 234 DOM
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2026-06-08days on market $180,000 Active 233 DOM
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2026-06-07days on market $180,000 Active 232 DOM
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2026-06-05days on market $180,000 Active 229 DOM
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2026-06-03days on market $180,000 Active 228 DOM
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2026-06-02days on market $180,000 Active 227 DOM
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2026-06-01days on market $180,000 Active 226 DOM
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2026-05-31days on market $180,000 Active 225 DOM
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2025-12-29price $180,000 772-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
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2025-12-29price $180,000 790-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
-
2025-11-25price $199,000 772-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
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2025-11-25price $199,000 790-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
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2025-10-14$220,000 Active 772-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
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2025-10-14$220,000 Active 790-char remark
Show marketing remark (790 chars)
Charming Central City Home with Updates and Room to Grow! Welcome to this home located in the heart of Central City! This property offers the perfect mix of modern touches and classic charm. Inside, you’ll find fresh paint and a bright, open layout that’s great for family time or entertaining friends. This home just needs a little TLC to make it shine! With a few finishing touches, you can add instant value and create your dream space. The backyard is great for pets, gardening, or weekend barbecues. Located not far from downtown, shopping, restaurants, and public transportation, this home puts you within blocks of everything Central City has to offer. Don’t miss this chance to own a beautiful home with great potential in one of the most convenient areas of town!
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2021-05-22$190,000
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2017-06-02soldstatus $95,000
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2017-05-29soldstatus $95,000 Sold
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2017-04-06status Under Contract
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2017-02-09status Active
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2016-12-18historical
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2016-06-05status Active
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2016-04-05status Under Contract
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2016-01-21price $78,000
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2016-01-21price $98,000
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2015-08-07$98,500 Active
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2015-08-07$98,000
ⓘ 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
- $1,285 · $107/mo
- Projected year-2 tax
- $1,285 · $107/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 · 75% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 20 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 · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $23,695
- − Mortgage interest
- −$10,083
- − Property taxes
- −$1,285
- − Insurance
- −$1,697
- − Repairs & maintenance
- −$1,896
- − Management
- −$1,896
- − Depreciation
- −$5,236
- Taxable income
- $1,602
- Est. tax owed @ 24.0%
- −$384
- After-tax cash flow
- $4,025/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.
Condition & rehab AI · 9 photos
This charming Central City home has been updated with fresh paint and an open layout, making it move-in ready with good curb appeal and potential for further value enhancement.
Value-add opportunities
- Both Painting the exterior and interior — Fresh paint can enhance curb appeal and interior aesthetics. ↑
- Both Landscaping and curb appeal improvements — A well-maintained yard and patio can attract more buyers and renters. ↑
- Both Updating the kitchen and bathrooms — Fresh updates can increase the home's value and appeal to a broader range of buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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 · 513,025 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 9,387
- Household income
- $39,333
- Rent vs Own
- Severe rent burden
- 13% of renters
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
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 61% White 20% Hispanic / Latino 13% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 2% Portuguese 1% Slovak 1%
- Foreign-born
- 13% · Canada, Vietnam, China
- Languages at home
- 86% English-only · Spanish 11% Other Indo-European 1% Vietnamese 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
- ▲ 65.92%
- Current HPI
- 229.3968
- Rent YoY
- ▲ 5.98%
- 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
+83.7% since first listed18 events — show timeline
- 2025-12-29 Price Changed $180,000 AcadianaMLS
- 2025-12-29 Price Changed $180,000 GSREIN
- 2025-11-25 Price Changed $199,000 AcadianaMLS
- 2025-11-25 Price Changed $199,000 GSREIN
- 2025-10-14 Listed $220,000 GSREIN
- 2025-10-14 Listed $220,000 AcadianaMLS
- 2021-05-22 Listed $190,000 AcadianaMLS
- 2017-06-02 Sold (Public Records) $95,000 Public Records
- 2017-05-29 Sold (MLS) $95,000 GSREIN
- 2017-04-06 Pending — GSREIN
- 2017-02-09 Relisted — GSREIN
- 2016-12-18 Listing Removed — GSREIN
- 2016-06-05 Relisted — GSREIN
- 2016-04-05 Pending — GSREIN
- 2016-01-21 Price Changed $98,000 GSREIN
- 2016-01-21 Price Changed $78,000 GSREIN
- 2015-08-07 Listed $98,500 GSREIN
- 2015-08-07 Listed $98,000 AcadianaMLS
Property tax history
+4.6%/yrLatest (2026): $1,285 · -5.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…