9006 Cohn St · New Orleans, LA 70118

$79,000

4 bd · 2.0 ba · 748 sqft · SingleFamily public records · 90 Days on market

Built 1920 Est $154k · 49% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

Key facts

• Porch
• Renovations
• Yard space

Tags

• PORCH
• YARD SPACE
• FIREPLACE
• RENOVATIONS

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: One-story property; Raised foundation; Average condition
• Construction: Frame construction with HardiPlank and wood siding; Shingle roof
• Exterior features: Porch; City lot with rectangular shape

Interior

• Bathrooms: One full bathroom
• Interior features: Five total rooms; Converted duplex to single-family

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $79k).
• Recommended offer: $74k (6.0% below list) — sets the bar for market timing.
• Cap rate 27.9% 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 flat; 279 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
• At $2,511/mo this rent would consume 47% of the median local household income ($64k/yr) (locally 2237% 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 $546 of loan paydown is wiped out by about $2k 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 + 1.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 15y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1920 — 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.

Recommended offer $74,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 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 1920 — 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: 3.18% ✓
• Cap rate: 27.90%
• Cash-on-cash: 77.18%
• DSCR: 4.43
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $154,088
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9029 Green St	0.12mi	3/1.0 (-1)	800 (+7%)	21mo	$165,000	$206	56

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 · 0.97% rent growth · sell at horizon

5-year hold

• IRR: 71.0%
• Equity multiple: 4.10×
• Total profit: $68,638
• Equity at exit: $11,779

10-year hold

• IRR: 74.3%
• Equity multiple: 7.85×
• Total profit: $151,546
• Equity at exit: $6,830

Cash invested: $22,120 (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

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70118

• Rents YoY: 1.0%
• Active inventory: 279
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $2,511 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$114 /mo · $1,369/yr
• Insurance: −$33
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $1,356

Break-even live

Break-even rent $795

Max offer price $79,000

Occupancy floor 41%

Sensitivity live

Price	-10% $1,401	-5% $1,379	+0% $1,356	+5% $1,334	+10% $1,312
Rent	-10% $1,158	-5% $1,257	+0% $1,356	+5% $1,455	+10% $1,555
Rate	-1.0pp $1,396	-0.5pp $1,376	base $1,356	+0.5pp $1,336	+1.0pp $1,315

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7310 Hickory St New Orleans, LA	3.0	1.0	750	$2,600	$3.47	15d	1	1.01mi
7429 Freret St New Orleans, LA	3.0	2.0	750	$2,000	$2.67	24d	1	1.15mi

Listing history 18 events

1. 2026-06-05
   days on market $79,000 Active 90 DOM
2. 2026-06-03
   days on market $79,000 Active 89 DOM
3. 2026-06-02
   days on market $79,000 Active 88 DOM
4. 2026-06-01
   days on market $79,000 Active 87 DOM
5. 2026-05-31
   days on market $79,000 Active 86 DOM
6. 2026-05-16
   status Active 1382-char remark

   Show marketing remark (1382 chars)

   This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

7. 2026-05-16
   status Active

   Show marketing remark (1382 chars)

   This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

8. 2026-04-16
   historical
9. 2026-04-11
   status Active 1382-char remark

   Show marketing remark (1382 chars)

   This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

10. 2026-04-11
    status Active

    Show marketing remark (1382 chars)

    This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

11. 2026-03-13
    historical
12. 2026-02-23
    status Active 1382-char remark

    Show marketing remark (1382 chars)

    This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

13. 2026-02-23
    status Active

    Show marketing remark (1382 chars)

    This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

14. 2026-01-23
    historical
15. 2025-12-08
    listed $79,000 Active 1382-char remark

    Show marketing remark (1382 chars)

    This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

16. 2025-12-08
    listed $79,000 Active

    Show marketing remark (1382 chars)

    This property serves lo-ca-tion! Nestled in a historic neighborhood along the Orleans-Jefferson line, this property may qualify for a historic tax credit, offering an upside for a smart investor. Previously used as a double and zoned HU-RD2, the property offers the potential to be converted back into a duplex, whether extending to the rear or building upward to create a classic New Orleans camelback. This 2-bed, one-bath single-family home offers multiple possibilities. Constructed with durable cement, Hardy board, and featuring valuable yard space, this property presents a prime value-add opportunity. Situated in a highly sought-after area, and being just minutes from the Ochsner Medical Corridor, an area experiencing significant growth with the New Gayle and Tom Bensons Kids Hospital currently under construction, which will provide hundreds of jobs to the economy. This location may surely support a strong rental demand from traveling medical professionals and students. Bring your vision to life with this exceptional opportunity no matter your exit strategy. Contact me directly to make this one apart of your wealth-building portfolio! I can't wait to hear what you have planned! All uses to be verified. No utilities will be provided for the inspection property being sold as is. This property is not a teardown and is very salvageable. Come and see for yourself!

17. 2011-06-24
    listed $79,000
18. 2011-06-24
    listed $79,000

ⓘ 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: $1,369 · $114/mo
• Projected year-2 tax: $1,369 · $114/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) · 76% 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

Taxation est. · year 1

• Rental income: $30,137
• − Mortgage interest: −$4,425
• − Property taxes: −$1,369
• − Insurance: −$1,192
• − Repairs & maintenance: −$2,411
• − Management: −$2,411
• − Depreciation: −$2,298
• Taxable income: $16,030
• Est. tax owed @ 24.0%: −$3,847
• After-tax cash flow: $12,428/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
• County: Orleans Parish · 338,817 people
• City population: 338,817
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 36,072
• Household income: $63,750
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 2237.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 47% Black 34% Hispanic / Latino 11% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 8% Italian 2% Romanian 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 86% English-only · Spanish 7% French/Haitian/Cajun 2% Other Indo-European 2%

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: ▼ -210.46%
• Current HPI: 282.9629
• Rent YoY: ▲ 0.97%
• 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

+0.0% since first listed

13 events — show timeline

• 2026-05-16 Relisted — AcadianaMLS
• 2026-05-16 Relisted — GSREIN
• 2026-04-16 Listing Removed — GSREIN
• 2026-04-11 Relisted — AcadianaMLS
• 2026-04-11 Relisted — GSREIN
• 2026-03-13 Listing Removed — GSREIN
• 2026-02-23 Relisted — AcadianaMLS
• 2026-02-23 Relisted — GSREIN
• 2026-01-23 Listing Removed — GSREIN
• 2025-12-08 Listed $79,000 GSREIN
• 2025-12-08 Listed $79,000 AcadianaMLS
• 2011-06-24 Listed $79,000 GSREIN
• 2011-06-24 Listed $79,000 AcadianaMLS

Property tax history

+9.6%/yr

Latest (2026): $1,369 · +1.1% YoY. Source: county tax records.