624 Vanderbilt Ln · Kenner, LA 70065

$199,999

3 bd · 2.0 ba · 1,200 sqft · SingleFamily · 374 Days on market

Built 1971 5,000 sqft lot $167/sqft · at area comps Est $208k · at est.

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Why this score? — see what drove the D+ 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 +19.2/30.0
• ARV discount +9.2/15.0
• DSCR +6.1/10.0
• 1% rule +4.2/10.0
• Livability +3.9/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller is willing to offer closing costs assistance with full offer.

Key facts

• 5,000 sq ft lot
• Parking
• Built 1971

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (8.1% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 5.3% in Kenner — 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 78/100 on livability (#6 in LA, #2,414 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime D.
• Jefferson Parish (suburban): math 24% / reading 34% proficiency, ranked #44 of 98 in LA (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-4.2%/yr); 292 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); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 33% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 374 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $175,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 374 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.92% ✗
• Cap rate: 7.59%
• Cash-on-cash: 4.63%
• DSCR: 1.21
• GRM: 9.1

CMA / ARV

• ARV (median comp): $207,851
• List price: $199,999
• Delta: -3.78%
• 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
669 Spartan Ln	0.16mi	4/2.0 (+1)	1,199 (-0%)	0mo	$259,000	$216	87
601 Lancer Ln	0.17mi	3/2.0	1,182 (-2%)	8mo	$187,750	$159	83
648 Mayfair Ln	0.08mi	4/2.0 (+1)	1,285 (+7%)	3mo	$180,000	$140	77
717 Mayfair Ln	0.18mi	3/2.0	1,303 (+9%)	2mo	$265,000	$203	76
3289 Continental Dr	0.22mi	3/1.5	1,123 (-6%)	6mo	$174,000	$155	72
701 Ronson Dr	0.46mi	4/2.0 (+1)	1,213 (+1%)	2mo	$250,000	$206	70
933 Ronson Dr	0.55mi	3/2.0	1,200 (0%)	8mo	$223,000	$186	68
2 Bradley Pl	0.47mi	3/2.0	1,378 (+15%)	4mo	$275,900	$200	50
361 W Louisiana State St	0.57mi	3/1.5	1,350 (+12%)	1mo	$196,000	$145	50
3128 Huntsville St	0.54mi	3/1.5	1,047 (-13%)	2mo	$127,000	$121	49
3028 Acron St	0.70mi	3/2.0	1,115 (-7%)	8mo	$145,000	$130	49
301 W Louisiana State Dr	0.74mi	3/2.0	1,325 (+10%)	8mo	$256,000	$193	41

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: -12.2%
• Equity multiple: 0.57×
• Total profit: $-24,080
• Equity at exit: $29,821

10-year hold

• IRR: -7.9%
• Equity multiple: 0.57×
• Total profit: $-24,294
• Equity at exit: $17,292

Cash invested: $56,000 (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 70065

• Rents YoY: -4.2%
• Active inventory: 292
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,837 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$103 /mo · $1,237/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $216

Break-even live

Break-even rent $1,564

Max offer price $199,999

Occupancy floor 83%

Sensitivity live

Price	-10% $330	-5% $273	+0% $216	+5% $160	+10% $103
Rent	-10% $71	-5% $144	+0% $216	+5% $289	+10% $361
Rate	-1.0pp $317	-0.5pp $267	base $216	+0.5pp $164	+1.0pp $112

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
187 Avant Garde Cir #187 Kenner, LA	2.0	1.5	1050	$1,500	$1.43	15d	1	0.12mi
215 Avant Garde Cir Kenner, LA	2.0	2.0	1200	$1,500	$1.25	3d	1	0.12mi
1201 W Esplanade Ave Kenner, LA	1.0–2.0	1.0–2.0	746	$1,110	$1.49	44d	1	0.55mi
3120 Phoenix St Unit D Kenner, LA	2.0	1.5	1075	$1,100	$1.02	44d	1	0.58mi
3600 Loyola Dr Unit 353 Kenner, LA	2.0	2.0	1100	$1,445	$1.31	44d	1	0.63mi
3655 Loyola Dr Unit F361 Kenner, LA	2.0	2.0	1330	$2,395	$1.80	24d	1	0.68mi
3655 Loyola Dr Apt F261 Kenner, LA	2.0	2.0	1330	$2,425	$1.82	15d	1	0.69mi
3655 Loyola Dr Unit C224 Kenner, LA	2.0	2.0	1367	$2,305	$1.69	2d	1	0.69mi
3655 Loyola Dr Unit D236 Kenner, LA	2.0	2.0	1367	$2,320	$1.70	2d	1	0.69mi
3655 Loyola Dr Unit C329 Kenner, LA	2.0	2.0	1349	$2,320	$1.72	44d	1	0.69mi
3655 Loyola Dr Unit F158 Kenner, LA	2.0	2.0	1367	$2,445	$1.79	15d	1	0.69mi
3655 Loyola Dr Unit C223 Kenner, LA	2.0	2.0	1330	$2,295	$1.73	2d	1	0.69mi
3655 Loyola Dr Unit C229 Kenner, LA	2.0	2.0	1349	$2,335	$1.73	44d	1	0.69mi
3700 Loyola Dr Unit 377 Kenner, LA	2.0	2.0	1110	$1,495	$1.35	44d	1	0.70mi
309 Emerson Dr Unit C Kenner, LA	3.0	1.0	900	$1,200	$1.33	4d	1	0.72mi
3655 Loyola Dr Unit F460 Kenner, LA	2.0	2.0	1330	$2,280	$1.71	2d	1	0.74mi
300 Duke Dr Unit 4 Kenner, LA	2.0	1.0	838	$1,200	$1.43	44d	1	0.76mi
1400 W Esplanade Ave Kenner, LA	2.0	1.0–2.5	801	$1,370	$1.71	44d	1	0.79mi
3600 W Loyola Dr Unit 182 Kenner, LA	2.0	2.0	1052	$1,515	$1.44	44d	1	0.79mi
3600 W Loyola Dr Unit 159 Kenner, LA	2.0	2.0	1052	$1,520	$1.44	44d	1	0.79mi
300 Clemson Dr Kenner, LA	2.0	1.5	1025	$1,500	$1.46	15d	1	0.80mi
1500 W Esplanade Ave Kenner, LA	2.0–3.0	2.0	1587	$2,000	$1.26	44d	1	0.82mi
3655 W Loyola Dr Kenner, LA	1.0–2.0	1.0–2.0	1169	$2,345	$2.01	2d	35	0.87mi
3611 Arizona Ave Kenner, LA	4.0	2.0	1287	$1,900	$1.48	4d	1	0.97mi
3872 E Loyola Dr Kenner, LA	3.0	2.0	1170	$1,575	$1.35	20d	1	0.97mi
604 Vintage Dr Unit C Kenner, LA	2.0	2.5	1200	$1,350	$1.12	44d	1	0.98mi
2755 Huntsville St Apt C Kenner, LA	3.0	2.0	1216	$1,575	$1.30	4d	1	1.00mi
2755 Huntsville St Unit B Kenner, LA	3.0	1.5	1500	$1,650	$1.10	44d	1	1.00mi
2752 Jasper St Unit A Kenner, LA	3.0	1.5	1400	$1,450	$1.04	44d	1	1.00mi
2759 Albany St Unit B Kenner, LA	3.0	2.0	1250	$1,500	$1.20	44d	1	1.02mi
121 W Esplanade Ave Kenner, LA	1.0–2.0	1.0–2.0	950	$1,600	$1.68	2d	1	1.03mi
2755 Albany St Unit D Kenner, LA	3.0	2.0	1250	$1,500	$1.20	44d	1	1.03mi
2838 Kingston St Unit A Kenner, LA	3.0	1.5	1500	$1,600	$1.07	4d	1	1.03mi
2804 Salem St Kenner, LA	2.0	2.0	1450	$1,400	$0.97	44d	1	1.04mi
129 Auburn Pl Kenner, LA	3.0	2.0	1200	$1,800	$1.50	2d	1	1.06mi
1516 Mayfield St Kenner, LA	3.0	2.0	1407	$1,900	$1.35	44d	1	1.07mi
1516 Mayfield St Kenner, LA	3.0	2.0	1407	$1,900	$1.35	45d	1	1.07mi
4129 Chateau Blvd Unit C Kenner, LA	2.0	1.5	1400	$1,425	$1.02	4d	1	1.09mi
3816 W Louisiana State Dr Kenner, LA	3.0	2.0	1400	$1,800	$1.29	12d	1	1.12mi
2800 Richland St Unit B Kenner, LA	2.0	2.5	1000	$1,600	$1.60	21d	1	1.12mi

Listing history 32 events

1. 2026-06-18
   days on market $199,999 Active 374 DOM
2. 2026-06-17
   days on market $199,999 Active 373 DOM
3. 2026-06-16
   days on market $199,999 Active 372 DOM
4. 2026-06-15
   days on market $199,999 Active 371 DOM
5. 2026-06-13
   days on market $199,999 Active 369 DOM
6. 2026-06-10
   days on market $199,999 Active 366 DOM
7. 2026-06-09
   days on market $199,999 Active 365 DOM
8. 2026-06-08
   days on market $199,999 Active 364 DOM
9. 2026-06-07
   days on market $199,999 Active 363 DOM
10. 2026-06-03
    days on market $199,999 Active 359 DOM
11. 2026-06-02
    days on market $199,999 Active 358 DOM
12. 2026-06-01
    days on market $199,999 Active 357 DOM
13. 2026-05-31
    days on market $199,999 Active 356 DOM
14. 2026-05-15
    status Pending 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

15. 2026-05-15
    historical Active Under Contract 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

16. 2026-03-18
    price $200,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

17. 2026-03-18
    price $200,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

18. 2026-03-13
    price $205,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

19. 2026-03-13
    price $205,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

20. 2026-02-27
    price $210,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

21. 2026-02-27
    price $210,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

22. 2026-01-15
    price $215,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

23. 2026-01-15
    price $215,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

24. 2025-10-13
    price $220,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

25. 2025-10-13
    price $220,000 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

26. 2025-06-06
    listed $230,000 Active 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

27. 2025-06-06
    listed $230,000 Active 68-char remark

    Show marketing remark (68 chars)

    Seller is willing to offer closing costs assistance with full offer.

28. 2010-08-10
    soldstatus $140,000
29. 2010-06-01
    listed $149,900
30. 2010-06-01
    listed $149,900
31. 2010-03-24
    soldstatus $40,000
32. 2003-11-01
    soldstatus

ⓘ 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: $1,237 · $103/mo
• Projected year-2 tax: $1,237 · $103/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,048
• − Mortgage interest: −$11,203
• − Property taxes: −$1,237
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,764
• − Management: −$1,764
• − Depreciation: −$5,818
• Taxable loss: −$738
• Est. tax savings @ 24.0%: +$177
• After-tax cash flow: $2,772/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: Jefferson Parish
• NCES district ID: 2200840
• Math proficiency: 24% ▼ -36.00%
• Reading proficiency: 34% ▼ -30.00%
• Median HH income: $48,421
• Composite: 25.19/100
• National rank: #7511
• State rank: #44 of 98 in LA

Livability — Kenner

• Score: 78/100
• State rank: #6
• US rank: #2414

Category grades

Amenities C- Commute B- Cost of living A+ Crime D Employment C- Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenner, LA
• County: Jefferson Parish · 426,999 people
• City population: 66,707
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 48,936
• Household income: $67,285
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1906.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 451,696 people
• By 2030: 455,451 · +0.8%
• By 2040: 458,308 · +1.5%
• By 2050: 461,031 · +2.1%
• By 2075: 476,351 · +5.5%
• By 2100: 499,377 · +10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 47% Hispanic / Latino 27% Two or more races 15% Black 15% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 9% Slovak 1% Italian 1%
• Foreign-born: 19% · Canada, China, Vietnam
• Languages at home: 72% English-only · Spanish 21% Other Indo-European 3% Arabic 1%

Political lean MEDSL · Jefferson

• 2024 margin: R (+12.9) · D 42.5% · R 55.5% · Other 2.1%
• 2008→2024 swing: +13.6pp toward D · 2008: -26.6pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+11.1 2016: R+14.8 2012: R+18.4 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -214.79%
• Current HPI: 139.5115
• Rent YoY: ▼ -4.19%
• 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

+400.0% since first listed

19 events — show timeline

• 2026-05-15 Pending — AcadianaMLS
• 2026-05-15 Contingent — GSREIN
• 2026-03-18 Price Changed $200,000 AcadianaMLS
• 2026-03-18 Price Changed $200,000 GSREIN
• 2026-03-13 Price Changed $205,000 AcadianaMLS
• 2026-03-13 Price Changed $205,000 GSREIN
• 2026-02-27 Price Changed $210,000 AcadianaMLS
• 2026-02-27 Price Changed $210,000 GSREIN
• 2026-01-15 Price Changed $215,000 AcadianaMLS
• 2026-01-15 Price Changed $215,000 GSREIN
• 2025-10-13 Price Changed $220,000 AcadianaMLS
• 2025-10-13 Price Changed $220,000 GSREIN
• 2025-06-06 Listed $230,000 GSREIN
• 2025-06-06 Listed $230,000 AcadianaMLS
• 2010-08-10 Sold (MLS) $140,000 GSREIN
• 2010-06-01 Listed $149,900 GSREIN
• 2010-06-01 Listed $149,900 AcadianaMLS
• 2010-03-24 Sold (Public Records) $40,000 Public Records
• 2003-11-01 Sold (Public Records) — Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,237 · -18.0% YoY. Source: county tax records.