7671 Inlet Ln · New Orleans, LA 70128

$150,000

3 bd · 2.0 ba · 1,665 sqft · SingleFamily public records · 67 Days on market

Built 1978 $90/sqft · 26% below area Est $204k · 27% 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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +5.8/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Nice-sized 3 bed/2 bath home w/ appx 1665 Living SF. Primary bedroom has ensuite bathroom. Nice fireplace in living room. Plus an attached garage. Home has LAS-type hurricane shutters. The roofing material is possibly composite or polymer tiles. High quality materials were being used in the renovation. It has electricity and running water! Also, there's new sheetrock and real wooden (interior) doors included in the sale. Good bones, quiet street. Succession property.

Key facts

• Garage
• Built 1978
• Listed 66 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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: 106 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 67 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $70k; list at $150k implies a 116% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.43%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

• ARV (median comp): $204,082
• List price: $150,000
• Delta: -26.50%
• 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
7830 Wave Dr	0.13mi	3/2.0	1,670 (+0%)	4mo	$160,000	$96	90
7670 Inlet Ln	0.03mi	4/2.0 (+1)	1,640 (-2%)	5mo	$200,000	$122	87
7710 Wave Dr	0.07mi	3/2.0	1,611 (-3%)	6mo	$139,000	$86	86
7510 Branch Dr	0.19mi	3/2.0	1,702 (+2%)	5mo	$219,500	$129	83
7911 Windward Ct	0.33mi	3/2.0	1,700 (+2%)	10mo	$212,000	$125	73
7921 Branch Dr	0.17mi	3/2.0	1,477 (-11%)	2mo	$50,000	$34	72
30 Marywood Ct	0.54mi	3/2.0	1,610 (-3%)	4mo	$182,000	$113	66
7050 W Renaissance	0.54mi	3/2.0	1,750 (+5%)	1mo	$220,000	$126	66
7131 Wayside Dr	0.59mi	3/2.0	1,730 (+4%)	6mo	$125,000	$72	61
13337 Curran Rd	0.50mi	3/2.0	1,496 (-10%)	2mo	$120,754	$81	58
7649 Berg St	0.60mi	3/2.0	1,768 (+6%)	6mo	$90,000	$51	57
7524 Michigan St	0.70mi	3/2.0	1,420 (-15%)	2mo	$183,715	$129	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-5,300
• Equity at exit: $22,365

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $19,836
• Equity at exit: $12,969

Cash invested: $42,000 (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 70128

• Home prices YoY: -5.9%
• Active inventory: 106
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,623 high
• Mortgage (P&I): −$787
• Tax from tax record: −$68 /mo · $812/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $299

Break-even live

Break-even rent $1,245

Max offer price $150,000

Occupancy floor 77%

Sensitivity live

Price	-10% $383	-5% $341	+0% $299	+5% $256	+10% $214
Rent	-10% $170	-5% $234	+0% $299	+5% $363	+10% $427
Rate	-1.0pp $374	-0.5pp $337	base $299	+0.5pp $260	+1.0pp $220

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11967 Curran Rd New Orleans, LA	3.0	2.0	1100	$1,750	$1.59	4d	1	0.25mi
6937 Barrington Ct New Orleans, LA	3.0	2.5	1306	$1,800	$1.38	25d	1	0.73mi
7501 Briarwood Dr New Orleans, LA	3.0	2.0	1500	$1,850	$1.23	25d	1	0.76mi
14031 Linden St New Orleans, LA	3.0	2.0	1200	$1,400	$1.17	25d	1	1.05mi
11040 Roger Dr Unit C New Orleans, LA	2.0	2.5	1505	$1,500	$1.00	25d	1	1.06mi
10951 Roger Dr Unit B New Orleans, LA	3.0	2.5	2048	$1,850	$0.90	25d	1	1.10mi
10821 Roger Dr Unit A New Orleans, LA	2.0	1.5	1200	$1,400	$1.17	25d	1	1.17mi
10704 Roger Dr Unit D New Orleans, LA	2.0	1.5	1050	$950	$0.90	25d	1	1.25mi
5754 Louis Prima Dr E New Orleans, LA	3.0	2.5	2069	$2,195	$1.06	25d	1	1.27mi
7937 Read Blvd New Orleans, LA	3.0	2.0	1100	$1,650	$1.50	25d	1	1.31mi
7505 Shorewood Blvd New Orleans, LA	4.0	2.0	1700	$1,800	$1.06	25d	1	1.35mi
14509 Duane Rd New Orleans, LA	2.0	1.0	1150	$1,518	$1.32	25d	1	1.43mi
14724 Emory Rd New Orleans, LA	3.0	2.0	1400	$1,500	$1.07	25d	1	1.47mi
14530 Duane Rd New Orleans, LA	3.0	1.0	1150	$1,450	$1.26	4d	1	1.47mi
14530 Duane Rd New Orleans, LA	3.0	1.0	1150	$1,450	$1.26	4d	1	1.47mi
7500 Symmes Ave New Orleans, LA	4.0	2.0	1400	$2,100	$1.50	25d	1	1.48mi
7843 Sail St New Orleans, LA	3.0	1.5	1500	$1,200	$0.80	25d	1	1.49mi
7849 Sail St New Orleans, LA	3.0	2.0	1395	$1,200	$0.86	25d	1	1.49mi
7851 Sail St New Orleans, LA	3.0	2.0	1395	$1,200	$0.86	25d	1	1.49mi

Listing history 18 events

1. 2026-06-21
   days on market $150,000 Active 67 DOM
2. 2026-06-18
   days on market $150,000 Active 64 DOM
3. 2026-06-17
   days on market $150,000 Active 63 DOM
4. 2026-06-16
   days on market $150,000 Active 62 DOM
5. 2026-06-15
   days on market $150,000 Active 61 DOM
6. 2026-06-13
   days on market $150,000 Active 59 DOM
7. 2026-06-10
   days on market $150,000 Active 56 DOM
8. 2026-06-09
   days on market $150,000 Active 55 DOM
9. 2026-06-08
   days on market $150,000 Active 54 DOM
10. 2026-06-07
    days on market $150,000 Active 53 DOM
11. 2026-06-05
    days on market $150,000 Active 50 DOM
12. 2026-06-03
    days on market $150,000 Active 49 DOM
13. 2026-06-02
    days on market $150,000 Active 48 DOM
14. 2026-06-01
    days on market $150,000 Active 47 DOM
15. 2026-05-31
    days on market $150,000 Active 46 DOM
16. 2026-04-12
    listed $150,000 Active 489-char remark

    Show marketing remark (488 chars)

    Investor Special! Nice-sized 3 bed/2 bath home w/appx 1665 Living SF. Primary bedroom has ensuite bathroom. Nice fireplace in living room. Plus an attached garage. Home has LAS-type hurricane shutters. The roofing material is possibly composite or polymer tiles. High quality materials were being used in the renovation. It has electricity and running water! Also, there's new sheetrock and real wooden (interior) doors included in the sale. Good bones, quiet street. Succession property.

17. 2026-04-12
    listed $150,000 Active 488-char remark

    Show marketing remark (488 chars)

    Investor Special! Nice-sized 3 bed/2 bath home w/appx 1665 Living SF. Primary bedroom has ensuite bathroom. Nice fireplace in living room. Plus an attached garage. Home has LAS-type hurricane shutters. The roofing material is possibly composite or polymer tiles. High quality materials were being used in the renovation. It has electricity and running water! Also, there's new sheetrock and real wooden (interior) doors included in the sale. Good bones, quiet street. Succession property.

18. 1980-02-22
    soldstatus $69,600

ⓘ 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: $812 · $68/mo
• Projected year-2 tax: $825 · $69/mo
• Expected delta: +$13/yr (+$1/mo · 1.5%)

ⓘ 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 ≥107°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: $19,471
• − Mortgage interest: −$8,402
• − Property taxes: −$812
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$4,364
• Taxable income: $1,230
• Est. tax owed @ 24.0%: −$295
• After-tax cash flow: $3,288/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
• City population: 338,817
• Population (ZIP): 22,973

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 (86%)
• Race & ethnicity: Black 86% Asian 5% White 4% Two or more races 3%
• Foreign-born: 4% · Vietnam, Canada
• Languages at home: 95% English-only · Vietnamese 4% Spanish 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: ▼ -15.51%
• Current HPI: 247.7131
• Rent YoY: —
• Metro: —
• 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

+115.5% since first listed

3 events — show timeline

• 2026-04-12 Listed $150,000 AcadianaMLS
• 2026-04-12 Listed $150,000 GSREIN
• 1980-02-22 Sold (Public Records) $69,600 Public Records

Property tax history

-1.2%/yr

Latest (2026): $812 · -7.2% YoY. Source: county tax records.