2224 Snowbird Dr · Harvey, LA 70058

$234,900

4 bd · 2.0 ba · 1,997 sqft · SingleFamily · 191 Days on market

Built 1983 6,969 sqft lot $118/sqft · 11% below area Est $263k · 11% under

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Why this score? — see what drove the C- 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 +21.0/30.0
• ARV discount +12.2/15.0
• DSCR +6.7/10.0
• 1% rule +4.7/10.0
• Livability +3.2/5.0
• 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

WELCOME TO BEAUTIFUL TIMBERLANE VILLAGE! THIS INVITING HOME OFFERS A RARE OPPORTUNITY TO OWN IN THIS GREAT NEIGHBORHOOD. IT FEATURES 4 SPACIOUS BEDROOMS AND 2 FULL BATHROOMS, OFFERING COMFORT, FUNCTIONALITY, AND ROOM TO GROW. THE EXPANSIVE DEN IS GREAT FOR ENTERTAINING. OR CREATING YOUR VERY OWN HOME THEATER EXPERIENCE. ENJOY A COMBINATION OF CERAMIC AND WOOD LAMINATE FLOORING THROUGHOUT, ALONG W/ STAINLESS STEEL APPLIANCES AND A 1 YEAR OLD HVAC SYSTEM. FOR ADDED PEACE OF MIND ARE CEILING FANS THROUGHOUT THE HOME TO PROMOTE ENERGY EFFICIENCY. THE COZY FIREPLACE PROVIDES THE PERFECT TOUCH FOR COOL WINTER EVENINGS. COME SEE THIS BEAUTIFUL PROPERTY FOR YOURSELF AND DISCOVER WHY IT COULD BE A GREAT PLACE TO CALL HOME. MEASUREMENTS ARE APPROXIMATE. PROPERTY IS BEING SOLD AS IS W/ WAIVER OF WARRANTY AT ACT OF SALE.

Key facts

• Ceiling fans
• Cozy fireplace
• Expansive den

Tags

• EXPANSIVE DEN
• STAINLESS STEEL APPLIANCES
• ONE YEAR OLD HVAC SYSTEM
• CEILING FANS
• COZY FIREPLACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $264 ($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 $229k (2.6% below list).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.8% in Harvey — 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 64/100 on livability (#166 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime F, amenities F.
• 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 (-3.9%/yr); 187 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 44% of the median local income ($62k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.
• Current owner paid $82k; list at $235k implies a 188% 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 $206,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F 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?
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: 0.97% ✗
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (median comp): $262,599
• List price: $234,900
• Delta: -10.55%
• 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
2007 S Village Green Dr	0.26mi	3/2.0 (-1)	1,938 (-3%)	6mo	$259,000	$134	73
1921 Bradford Pl	0.45mi	3/2.0 (-1)	1,996 (-0%)	2mo	$285,000	$143	72
2241 Brighton Pl	0.33mi	4/2.5	2,059 (+3%)	7mo	$189,000	$92	72
2332 S Parc Green St	0.31mi	3/2.0 (-1)	1,755 (-12%)	8mo	$262,500	$150	54
2236 Hampton Dr	0.47mi	4/2.5	2,262 (+13%)	1mo	$300,000	$133	54
3929 E Bamboo Dr	0.68mi	3/2.5 (-1)	1,970 (-1%)	9mo	$260,000	$132	51
2316 Stall Dr	0.45mi	3/2.0 (-1)	1,800 (-10%)	8mo	$205,000	$114	51
2241 Hampton Dr	0.44mi	3/2.0 (-1)	1,700 (-15%)	4mo	$150,000	$88	46
3939 Bayou Oaks Dr	0.67mi	3/2.0 (-1)	1,796 (-10%)	4mo	$233,975	$130	44
2020 Alejo Del Sur Dr	0.60mi	4/2.5	2,287 (+14%)	7mo	$359,900	$157	40
1909 Stall Dr	0.55mi	3/2.0 (-1)	1,750 (-12%)	10mo	$182,000	$104	40
3932 E Bamboo Dr	0.68mi	3/2.0 (-1)	1,710 (-14%)	10mo	$206,000	$120	31

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: -12.1%
• Equity multiple: 0.57×
• Total profit: $-27,959
• Equity at exit: $35,024

10-year hold

• IRR: -8.0%
• Equity multiple: 0.56×
• Total profit: $-28,660
• Equity at exit: $20,310

Cash invested: $65,772 (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 70058

• Rents YoY: -3.9%
• Active inventory: 187
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,289 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$148 /mo · $1,775/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $264

Break-even live

Break-even rent $1,955

Max offer price $234,900

Occupancy floor 83%

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2323 N Harper Dr Harvey, LA	3.0	2.0	1678	$3,000	$1.79	43d	1	0.33mi
2713 W Friendship Dr Harvey, LA	3.0	2.0	1750	$1,850	$1.06	23d	1	0.54mi
2278 Telestar St Harvey, LA	4.0	2.0	2121	$2,450	$1.16	23d	1	0.63mi
81 Lake Lynn Dr Harvey, LA	3.0	2.5	1686	$1,900	$1.13	23d	1	0.97mi
829 Bellemeade Blvd Gretna, LA	4.0	2.0	1805	$2,400	$1.33	43d	1	1.36mi
1401 Drake Ln Gretna, LA	3.0	2.0	1296	$2,150	$1.66	23d	1	1.39mi
3251 Wall Blvd Gretna, LA	1.0–3.0	1.0–2.0	1174	$2,500	$2.13	1d	1	1.43mi

Listing history 20 events

1. 2026-06-18
   days on market $234,900 Active 191 DOM
2. 2026-06-17
   days on market $234,900 Active 190 DOM
3. 2026-06-16
   days on market $234,900 Active 189 DOM
4. 2026-06-15
   days on market $234,900 Active 188 DOM
5. 2026-06-13
   days on market $234,900 Active 186 DOM
6. 2026-06-10
   days on market $234,900 Active 183 DOM
7. 2026-06-09
   days on market $234,900 Active 182 DOM
8. 2026-06-08
   days on market $234,900 Active 181 DOM
9. 2026-06-07
   days on market $234,900 Active 180 DOM
10. 2026-06-03
    days on market $234,900 Active 176 DOM
11. 2026-06-02
    days on market $234,900 Active 175 DOM
12. 2026-06-01
    days on market $234,900 Active 174 DOM
13. 2026-05-31
    days on market $234,900 Active 173 DOM
14. 2025-12-09
    listed $234,900 Active 820-char remark

    Show marketing remark (820 chars)

    WELCOME TO BEAUTIFUL TIMBERLANE VILLAGE! THIS INVITING HOME OFFERS A RARE OPPORTUNITY TO OWN IN THIS GREAT NEIGHBORHOOD. IT FEATURES 4 SPACIOUS BEDROOMS AND 2 FULL BATHROOMS, OFFERING COMFORT, FUNCTIONALITY, AND ROOM TO GROW. THE EXPANSIVE DEN IS GREAT FOR ENTERTAINING. OR CREATING YOUR VERY OWN HOME THEATER EXPERIENCE. ENJOY A COMBINATION OF CERAMIC AND WOOD LAMINATE FLOORING THROUGHOUT, ALONG W/ STAINLESS STEEL APPLIANCES AND A 1 YEAR OLD HVAC SYSTEM. FOR ADDED PEACE OF MIND ARE CEILING FANS THROUGHOUT THE HOME TO PROMOTE ENERGY EFFICIENCY. THE COZY FIREPLACE PROVIDES THE PERFECT TOUCH FOR COOL WINTER EVENINGS. COME SEE THIS BEAUTIFUL PROPERTY FOR YOURSELF AND DISCOVER WHY IT COULD BE A GREAT PLACE TO CALL HOME. MEASUREMENTS ARE APPROXIMATE. PROPERTY IS BEING SOLD AS IS W/ WAIVER OF WARRANTY AT ACT OF SALE.

15. 2025-12-09
    listed $234,900 Active 820-char remark

    Show marketing remark (820 chars)

    WELCOME TO BEAUTIFUL TIMBERLANE VILLAGE! THIS INVITING HOME OFFERS A RARE OPPORTUNITY TO OWN IN THIS GREAT NEIGHBORHOOD. IT FEATURES 4 SPACIOUS BEDROOMS AND 2 FULL BATHROOMS, OFFERING COMFORT, FUNCTIONALITY, AND ROOM TO GROW. THE EXPANSIVE DEN IS GREAT FOR ENTERTAINING. OR CREATING YOUR VERY OWN HOME THEATER EXPERIENCE. ENJOY A COMBINATION OF CERAMIC AND WOOD LAMINATE FLOORING THROUGHOUT, ALONG W/ STAINLESS STEEL APPLIANCES AND A 1 YEAR OLD HVAC SYSTEM. FOR ADDED PEACE OF MIND ARE CEILING FANS THROUGHOUT THE HOME TO PROMOTE ENERGY EFFICIENCY. THE COZY FIREPLACE PROVIDES THE PERFECT TOUCH FOR COOL WINTER EVENINGS. COME SEE THIS BEAUTIFUL PROPERTY FOR YOURSELF AND DISCOVER WHY IT COULD BE A GREAT PLACE TO CALL HOME. MEASUREMENTS ARE APPROXIMATE. PROPERTY IS BEING SOLD AS IS W/ WAIVER OF WARRANTY AT ACT OF SALE.

16. 2023-10-30
    price $240,000
17. 2023-10-18
    price $262,000
18. 2023-10-04
    price $264,900
19. 2023-09-25
    listed $240,000
20. 1991-08-01
    soldstatus $81,561

ⓘ 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: $1,775 · $148/mo
• Projected year-2 tax: $1,775 · $148/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 9/10 Extreme 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,468
• − Mortgage interest: −$13,158
• − Property taxes: −$1,775
• − Insurance: −$1,972
• − Repairs & maintenance: −$2,197
• − Management: −$2,197
• − Depreciation: −$6,833
• Taxable loss: −$666
• Est. tax savings @ 24.0%: +$160
• After-tax cash flow: $3,330/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 — Harvey

• Score: 64/100
• State rank: #166
• US rank: #13980

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Jefferson Parish · 426,999 people
• City population: 39,578
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 39,578
• Household income: $62,416
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

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 0.60)
• Race & ethnicity: Black 58% White 20% Hispanic / Latino 13% Asian 7% Two or more races 4%
• Hispanic origin (detail): Mexican 1% Dominican 1%
• Common ancestry: Lithuanian 4% Hispanic 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 81% English-only · Spanish 10% Vietnamese 5% French/Haitian/Cajun 2%

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: ▼ -96.82%
• Current HPI: 156.1052
• Rent YoY: ▼ -3.88%
• 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

+188.0% since first listed

7 events — show timeline

• 2025-12-09 Listed $234,900 AcadianaMLS
• 2025-12-09 Listed $234,900 GSREIN
• 2023-10-30 Price Changed $240,000 GSREIN
• 2023-10-18 Price Changed $262,000 GSREIN
• 2023-10-04 Price Changed $264,900 GSREIN
• 2023-09-25 Listed $240,000 AcadianaMLS
• 1991-08-01 Sold (Public Records) $81,561 Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,775 · +0.3% YoY. Source: county tax records.