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3804 W Louisiana State Dr
C+ Composite 63.32
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 +23.5/30.0
  • ARV discount +15.0/15.0
  • DSCR +7.5/10.0
  • 1% rule +6.1/10.0
  • Condition / age +4.0/5.0
  • Livability +3.9/5.0
  • Schools +1.9/10.0
  • Rent growth +1.5/5.0
  • Appreciation +0.0/10.0

$185,000

3804 W Louisiana State Dr · Kenner, LA 70065
4 bd · 2.0 ba · 1,387 sqft · SingleFamily · 16 Days on market
Built 1968 Good condition 5,662 sqft lot $133/sqft · 20% below area Est $230k · 20% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Freshly updated and move-in ready, this Kenner home has a lot to offer with no carpet, fresh paint, and several major improvements already completed. The kitchen features granite countertops and stainless steel appliances, and washer and dryer hookups are conveniently located inside the home. More recent updates include an HVAC system approximately 4 years old, roof approximately 6 years old, water heater from 2021, and updated underground plumbing with ABS/PVC. Energy-efficient windows, HVAC, and water heater are additional features to appreciate. The fully fenced backyard offers plenty of usable space along with a storage shed for additional storage. Conveniently located with easy access to Loyola Drive, the airport, shopping, dining, and everyday necessities. This home is ready for its next owner!

Key facts

  • Roof
  • Water heater
  • Granite countertops

Tags

GRANITE COUNTERTOPSSTAINLESS STEEL APPLIANCESWASHER AND DRYER HOOKUPSHVAC SYSTEMROOFWATER HEATER

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $185k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $344 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $185k).
  • Recommended offer: $182k (1.5% below list) — sets the bar for market timing.
  • Cap rate 8.5% vs local median 5.6% 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.
  • Zoned schools: John James Audubon School (math 22% / reading 35%, grade F, #350 of 646 statewide, top 55%, 648 students, 61% FRL); John Q. Adams Middle School (math 22% / reading 36%, grade F, #117 of 218 statewide, top 54%, 900 students, 55% FRL); Bonnabel Magnet Academy High School (math 12% / reading 21%, grade F, #214 of 265 statewide, top 81%, 1,478 students, 52% FRL).
  • Market conditions: Rents falling (-4.2%/yr); 465 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 103d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 37% 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 16 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 32y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $182,225 (1.5% below list)

Questions for the listing agent

  1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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.
  5. 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.
  6. 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
1.11% ✓
Cap rate
8.53%
Cash-on-cash
7.98%
DSCR
1.35
GRM
7.5

CMA / ARV

ARV (median comp)
$230,022
List price
$185,000
Delta
-19.57%
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
4037 W Louisiana State Dr 0.29mi 3/2.0 (-1) 1,393 (+0%) 6mo $240,000 $172 76
3733 Tulane Dr 0.16mi 3/2.0 (-1) 1,467 (+6%) 7mo $235,000 $160 72
3752 Tulane Dr 0.10mi 3/2.0 (-1) 1,512 (+9%) 6mo $259,000 $171 71
3601 Tulane Dr 0.42mi 3/2.0 (-1) 1,343 (-3%) 1mo $160,000 $119 69
3561 W Loyola Dr 0.47mi 3/1.5 (-1) 1,350 (-3%) 1mo $210,000 $156 66
4137 W Loyola Dr 0.49mi 3/2.0 (-1) 1,261 (-9%) 1mo $120,000 $95 56
4041 E Louisiana State Dr 0.66mi 3/2.0 (-1) 1,350 (-3%) 5mo $250,000 $185 56
3621 W Loyola Dr 0.37mi 3/2.0 (-1) 1,575 (+14%) 5mo $198,000 $126 51
4109 Tulane Dr 0.43mi 3/2.0 (-1) 1,215 (-12%) 6mo $210,000 $173 49
3433 W Loyola Ave 0.69mi 3/2.0 (-1) 1,250 (-10%) 1mo $260,000 $208 45
4245 W Loyola Dr 0.71mi 3/2.0 (-1) 1,261 (-9%) 4mo $142,000 $113 43
4104 E Louisiana State Dr 0.74mi 3/2.0 (-1) 1,208 (-13%) 8mo $205,000 $170 33

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
-7.6%
Equity multiple
0.73×
Total profit
$-14,040
Equity at exit
$27,584
10-year hold
IRR
-2.4%
Equity multiple
0.86×
Total profit
$-7,129
Equity at exit
$15,995

Cash invested: $51,800 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
26 active · 28 under contract
Months of supply
7.8 mo (13%/mo absorbed)
Median asking
$228,000 ($165/sqft)
Median days on market
16 d
This list price
19% of active listings are priced below it
ARV vs active asking
+0.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70065

Rents YoY
-4.2%
Active inventory
465
Price-to-rent
7.5×

Monthly cashflow live

Estimated rent
$2,054 high interval (Pro) →
Mortgage (P&I)
−$970
Tax est. 1.5%
−$231 /mo · $2,775/yr
Insurance
−$77
HOA
−$0
Vacancy / Maint / Mgmt
−$431
Net cashflow
$344

Break-even live

Break-even rent $1,618
Max offer price $185,000
Occupancy floor 78%

Sensitivity live

Price -10% $472 -5% $408 +0% $344 +5% $280 +10% $216
Rent -10% $182 -5% $263 +0% $344 +5% $425 +10% $507
Rate -1.0pp $437 -0.5pp $391 base $344 +0.5pp $296 +1.0pp $248

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
$46,250
Closing costs
$5,550
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3808 Tulane Dr Kenner, LA 3.0 2.0 1220 $2,000 $1.64 184d 1 0.05mi
3816 W Louisiana State Dr Kenner, LA 3.0 2.0 1400 $1,800 $1.29 152d 1 0.06mi
3816 W Louisiana State Dr Kenner, LA 3.0 2.0 1400 $1,800 $1.29 103d 1 0.06mi
3817 W Loyola Dr Kenner, LA 3.0 2.0 1060 $1,800 $1.70 26d 1 0.07mi
3660 Tulane Dr Kenner, LA 4.0 2.0 1363 $2,100 $1.54 103d 1 0.25mi
3872 E Loyola Dr Kenner, LA 3.0 2.0 1170 $1,575 $1.35 161d 1 0.61mi
3608 E Louisiana State Dr Kenner, LA 3.0 2.0 1800 $2,275 $1.26 0d 1 0.72mi
3608 E Louisiana State Dr Kenner, LA 3.0 2.0 1800 $2,275 $1.26 108d 1 0.72mi
4109 Ole Miss Dr Kenner, LA 3.0 1.5 1253 $2,000 $1.60 10d 1 0.80mi
4157 E Louisiana State Dr Kenner, LA 3.0 2.0 1316 $1,750 $1.33 120d 1 0.83mi
4157 E Louisiana State Dr Kenner, LA 3.0 2.0 1316 $1,750 $1.33 123d 1 0.83mi
4216 Loire Dr Kenner, LA 3.0 2.0 1785 $2,000 $1.12 125d 1 0.88mi
505 Vassar Ct Kenner, LA 3.0 2.0 1300 $1,800 $1.38 184d 1 0.89mi
528 E Temple Pl Kenner, LA 3.0 2.0 1150 $1,800 $1.57 10d 1 0.91mi
4321 Loire Dr Unit D Kenner, LA 3.0 2.0 1250 $1,400 $1.12 103d 1 0.98mi
4321 Loire Dr Unit D Kenner, LA 3.0 2.0 1250 $1,400 $1.12 120d 1 0.98mi
4325 Loire Dr Unit C Kenner, LA 3.0 2.5 1200 $1,650 $1.38 55d 1 0.99mi
4329 Loire Dr Apt D Kenner, LA 3.0 2.0 1300 $1,500 $1.15 145d 1 1.00mi
52 Avant Garde Cir #52 Kenner, LA 3.0 2.5 1500 $1,900 $1.27 10d 1 1.05mi
636 Vouray Dr Unit C Kenner, LA 3.0 2.0 1180 $1,400 $1.19 130d 1 1.06mi
636 Vouray Dr Unit C Kenner, LA 3.0 2.0 1180 $1,400 $1.19 130d 1 1.06mi
600 Saxony Ln Kenner, LA 3.0 1.0 1270 $1,800 $1.42 10d 1 1.12mi
600 Saxony Ln Kenner, LA 3.0 1.0 1270 $1,800 $1.42 14d 1 1.12mi
140 Johns Hopkins Dr Kenner, LA 4.0 4.0 1426 $2,500 $1.75 0d 1 1.14mi
140 Johns Hopkins Dr Kenner, LA 4.0 4.0 1426 $2,500 $1.75 11d 1 1.14mi
414 Johns Hopkins Dr Kenner, LA 3.0 2.0 1200 $1,675 $1.40 112d 1 1.17mi
828 Vouray Dr Unit A Kenner, LA 3.0 1.5 1144 $1,400 $1.22 123d 1 1.18mi
4109 Chateau Blvd Unit B Kenner, LA 3.0 2.5 1700 $2,000 $1.18 10d 1 1.20mi
3310 Ole Miss Dr Kenner, LA 4.0 2.0 1700 $2,050 $1.21 14d 1 1.22mi
3310 Ole Miss Dr Kenner, LA 4.0 2.0 1700 $2,050 $1.21 10d 1 1.22mi
105 Incarnate Word Dr Kenner, LA 3.0 2.0 1547 $1,950 $1.26 11d 1 1.23mi
105 Incarnate Word Dr Kenner, LA 3.0 2.0 1547 $1,950 $1.26 0d 1 1.23mi
4213 Paradis Ln Kenner, LA 3.0 2.5 1510 $2,000 $1.32 120d 1 1.25mi
4206 Paradis Ln Kenner, LA 3.0 2.5 1350 $1,900 $1.41 55d 1 1.26mi
4206 Paradis Ln Kenner, LA 3.0 2.5 1350 $1,900 $1.41 14d 1 1.26mi
3272 Continental Dr Kenner, LA 3.0 2.0 1300 $1,850 $1.42 14d 1 1.31mi
3272 Continental Dr Kenner, LA 3.0 2.0 1300 $1,850 $1.42 10d 1 1.31mi
1014 Saint Julien Dr Unit c2 Kenner, LA 3.0 2.5 1450 $1,700 $1.17 138d 1 1.32mi
421 Holy Cross Pl Kenner, LA 3.0 2.5 1650 $1,950 $1.18 107d 1 1.32mi
25 Furman Cir Kenner, LA 3.0 2.0 1500 $1,980 $1.32 0d 1 1.37mi

Property features AI

Exterior

Parking
Driveway
Utilities
Public waterPublic sewerCable and natural gas available
Home design
Ranch-style, single-story home
Construction
Slab foundationAsphalt and membrane roof
Exterior features
Fully fenced yardShed

Interior

Kitchen
Microwave, refrigerator, range, and oven
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air conditioningCeiling fans
Interior features
Pantry
Laundry & utility
Washer and electric dryer hookups

Listing history 50 events

  1. 2026-11-08
    days on market $185,000 Active 16 DOM
  2. 2026-11-07
    days on market $185,000 Active 15 DOM
  3. 2026-11-06
    days on market $185,000 Active 14 DOM
  4. 2026-11-05
    days on market $185,000 Active 13 DOM
  5. 2026-11-04
    pricedays on market $185,000 Active 12 DOM
  6. 2026-11-02
    days on market $195,000 Active 10 DOM
  7. 2026-11-01
    days on market $195,000 Active 9 DOM
  8. 2026-10-31
    days on market $195,000 Active 8 DOM
  9. 2026-10-30
    days on market $195,000 Active 7 DOM
  10. 2026-10-29
    days on market $195,000 Active 6 DOM
  11. 2026-10-28
    days on market $195,000 Active 5 DOM
  12. 2026-10-27
    days on market $195,000 Active 4 DOM
  13. 2026-10-26
    days on market $195,000 Active 3 DOM
  14. 2026-10-26
    days on market $195,000 Active 2 DOM
  15. 2026-10-23
    days on marketlisting id $195,000 Active 1 DOM
  16. 2026-10-23
    days on market $195,000 Active 39 DOM
  17. 2026-10-22
    days on market $195,000 Active 38 DOM
  18. 2026-10-21
    days on market $195,000 Active 37 DOM
  19. 2026-10-20
    days on market $195,000 Active 36 DOM
  20. 2026-10-19
    days on market $195,000 Active 35 DOM
  21. 2026-10-18
    days on market $195,000 Active 34 DOM
  22. 2026-10-17
    days on market $195,000 Active 33 DOM
  23. 2026-10-16
    days on market $195,000 Active 32 DOM
  24. 2026-10-15
    days on market $195,000 Active 31 DOM
  25. 2026-10-14
    days on market $195,000 Active 30 DOM
  26. 2026-10-13
    days on market $195,000 Active 29 DOM
  27. 2026-10-12
    days on market $195,000 Active 28 DOM
  28. 2026-10-11
    days on market $195,000 Active 27 DOM
  29. 2026-10-10
    days on market $195,000 Active 26 DOM
  30. 2026-10-09
    days on market $195,000 Active 25 DOM
  31. 2026-10-08
    days on market $195,000 Active 24 DOM
  32. 2026-10-07
    days on market $195,000 Active 23 DOM
  33. 2026-10-06
    days on market $195,000 Active 22 DOM
  34. 2026-10-05
    days on market $195,000 Active 21 DOM
  35. 2026-10-04
    days on market $195,000 Active 20 DOM
  36. 2026-10-03
    days on market $195,000 Active 19 DOM
  37. 2026-10-02
    days on market $195,000 Active 18 DOM
  38. 2026-10-01
    days on market $195,000 Active 17 DOM
  39. 2026-09-30
    days on market $195,000 Active 16 DOM
  40. 2026-09-29
    days on market $195,000 Active 15 DOM
  41. 2026-09-28
    days on market $195,000 Active 14 DOM
  42. 2026-09-27
    days on market $195,000 Active 13 DOM
  43. 2026-09-25
    days on market $195,000 Active 11 DOM
  44. 2026-09-24
    days on market $195,000 Active 10 DOM
  45. 2026-09-23
    days on market $195,000 Active 9 DOM
  46. 2026-09-22
    days on market $195,000 Active 8 DOM
  47. 2026-09-21
    days on market $195,000 Active 7 DOM
  48. 2026-09-20
    days on market $195,000 Active 6 DOM
  49. 2026-09-19
    days on market $195,000 Active 5 DOM
  50. 2026-09-18
    days on market $195,000 Active 4 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,650
− Mortgage interest
−$10,363
− Property taxes
−$2,775
− Insurance
−$925
− Repairs & maintenance
−$1,972
− Management
−$1,972
− Depreciation
−$5,382
Taxable income
$1,261
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$303
After-tax cash flow
$3,829/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 · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $6,935–$20,805 screening

This Kenner home is move-in ready with recent updates and a good condition score, making it a solid investment.

Value-add opportunities

  • Both Paint the exterior — Enhances curb appeal and value ↑
  • Both Replace or clean gutters — Improves drainage and prevents water damage ↑

ⓘ 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.

F Composite school gradezoned avg 18/100

Zoned Schools

Elementary Frederick Douglass Community School F LA #199/218 Nat'l #13,307/14,009 Middle John Q. Adams Middle School F LA #117/218 Nat'l #9,290/14,009 High Bonnabel Magnet Academy High School F LA #214/265 Nat'l #15,176/17,239

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
B Composite livability gradescore 78/100

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 · 451,696 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
7% of renters

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%
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
—

Price history

+278.6% since first listed
8 events — show timeline
  • 2026-09-14 Listed $195,000 GSREIN
  • 2026-09-14 Listed $195,000 AcadianaMLS
  • 2026-09-14 Listed $195,000 ROAM MLS
  • 2026-07-06 Price Changed $195,000 AcadianaMLS
  • 2026-07-06 Price Changed $195,000 GSREIN
  • 2026-04-16 Listed $200,000 AcadianaMLS
  • 2008-05-13 Listed $74,900 AcadianaMLS
  • 1994-05-25 Listed $51,500 AcadianaMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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