4504 Senac Dr · Metairie, LA 70003

$299,000

3 bd · 2.0 ba · 1,844 sqft · SingleFamily · 124 Days on market

Built 1966 5,819 sqft lot $162/sqft · 19% below area Est $371k · 19% under

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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).

• ARV discount +15.0/15.0
• Cash flow +10.9/30.0
• Livability +4.4/5.0
• DSCR +3.2/10.0
• Rent growth +3.0/5.0
• 1% rule +2.5/10.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage.Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

Key facts

• Quiet street
• Spacious yard
• Ample natural light

Tags

• QUIET STREET
• SPACIOUS YARD
• FUNCTIONAL FLOOR PLAN
• AMPLE NATURAL LIGHT
• CONVENIENTLY SITUATED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-195 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $264k (11.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (24.9% below list).
• Recommended offer: $225k (24.9% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.6% in Metairie — 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 87/100 on livability (#1 in LA, #261 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+.
• 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: Airline Park Academy For Advanced Studies (math 92% / reading 92%, grade A+, #3 of 646 statewide, top 0%, 418 students, 16% FRL); John Q. Adams Middle School (math 22% / reading 36%, grade F, #117 of 218 statewide, top 54%, 900 students, 55% FRL); Grace King High School (math 16% / reading 23%, grade F, #186 of 265 statewide, top 73%, 1,463 students, 47% FRL) — zoned schools average 39% FRL vs 70% district-wide (31 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 47% at this address vs 29% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Jefferson Parish average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.1%/yr); 227 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 518 units permitted in Jefferson Parish in 2024 (43 in 5+ unit buildings).
• This rent runs 35% of the median local income ($76k/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 $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 28y ago; this cycle's ask has dropped $40k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $232k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $224,667 (24.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. 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?
9. 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.
10. 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.
11. 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: 0.75% ✗
• Cap rate: 5.78%
• Cash-on-cash: -1.85%
• DSCR: 0.92
• GRM: 11.1

CMA / ARV

• ARV (median comp): $370,603
• List price: $299,000
• Delta: -19.32%
• 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
4709 Senac Dr	0.18mi	3/2.0	1,720 (-7%)	2mo	$220,000	$128	79
4908 Pike Dr	0.33mi	3/2.0	1,931 (+5%)	2mo	$247,500	$128	75
3505 Lake Trail Dr	0.44mi	3/2.0	1,788 (-3%)	2mo	$360,000	$201	72
3312 Lake Trail Dr	0.45mi	3/2.0	1,760 (-5%)	2mo	$270,000	$153	70
4512 Wade St	0.06mi	4/2.0 (+1)	2,105 (+14%)	2mo	$263,000	$125	67
4813 Academy Dr	0.38mi	3/2.5	1,990 (+8%)	0mo	$186,000	$93	66
7013 Wilty St	0.29mi	4/2.0 (+1)	2,036 (+10%)	1mo	$255,000	$125	64
7101 Ithaca St	0.43mi	3/2.0	1,670 (-9%)	1mo	$143,100	$86	63
3441 Tennessee Ave	0.61mi	3/2.0	1,770 (-4%)	2mo	$319,000	$180	63
3205 Lake Trail Dr	0.55mi	4/2.0 (+1)	1,963 (+6%)	2mo	$339,000	$173	57
6409 Glendale St	0.43mi	3/2.0	1,599 (-13%)	3mo	$114,500	$72	55
54 Driftwood Blvd	0.72mi	4/2.5 (+1)	2,115 (+15%)	1mo	$330,000	$156	34

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 · 2.15% rent growth · sell at horizon

5-year hold

• IRR: -21.9%
• Equity multiple: 0.25×
• Total profit: $-62,830
• Equity at exit: $44,582

10-year hold

• IRR: -17.8%
• Equity multiple: 0.06×
• Total profit: $-78,529
• Equity at exit: $25,852

Cash invested: $83,720 (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 70003

• Rents YoY: 2.1%
• Active inventory: 227
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,247 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$211 /mo · $2,536/yr
• Insurance: −$125
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $-195

Break-even live

Break-even rent $2,494

Max offer price $264,471

Occupancy floor —

Sensitivity live

Price	-10% $-26	-5% $-111	+0% $-195	+5% $-280	+10% $-365
Rent	-10% $-373	-5% $-284	+0% $-195	+5% $-107	+10% $-18
Rate	-1.0pp $-45	-0.5pp $-119	base $-195	+0.5pp $-273	+1.0pp $-352

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7116 Wilty St Metairie, LA	3.0	2.0	1722	$2,300	$1.34	6d	1	0.34mi
6508 Wilty St Metairie, LA	3.0	2.0	1300	$2,000	$1.54	25d	1	0.37mi
4837 Academy Dr Metairie, LA	3.0	2.0	1834	$3,000	$1.64	25d	1	0.41mi
3600 Lake Trail Dr Kenner, LA	4.0	2.5	2600	$2,800	$1.08	6d	1	0.44mi
6301 Wilty St Metairie, LA	3.0	2.0	1340	$2,000	$1.49	5d	1	0.45mi
6301 Wilty St Metairie, LA	3.0	2.0	1340	$2,000	$1.49	0d	1	0.45mi
2 Schill Ave Kenner, LA	4.0	2.0	2026	$2,500	$1.23	6d	1	0.45mi
4908 Purdue Dr Metairie, LA	4.0	2.0	1846	$1,995	$1.08	6d	1	0.48mi
6501 Ithaca St Metairie, LA	3.0	2.0	2400	$2,900	$1.21	45d	1	0.51mi
4312 Tartan Dr Metairie, LA	4.0	2.0	1500	$2,150	$1.43	25d	1	0.53mi
3224 Massachusetts Ave Kenner, LA	4.0	2.0	2070	$2,700	$1.30	0d	1	0.57mi
13 Emile Ave Kenner, LA	3.0	3.0	2100	$2,300	$1.10	25d	1	0.60mi
6217 Leslie St Metairie, LA	3.0	1.0	1300	$1,800	$1.38	46d	1	0.79mi
4112 Henican Pl Metairie, LA	3.0	2.0	1750	$2,000	$1.14	25d	1	0.87mi
61 Emile Ave Kenner, LA	3.0	2.0	1450	$1,900	$1.31	46d	1	0.88mi
3245 Iowa Ave Kenner, LA	4.0	2.0	1800	$2,300	$1.28	23d	1	0.95mi
4409 Saint Martin St Metairie, LA	3.0	2.0	1576	$2,100	$1.33	45d	1	0.99mi
53 Antigua Dr Unit D Kenner, LA	2.0	1.5	1325	$1,500	$1.13	25d	1	0.99mi
3101 Kansas Ave Kenner, LA	3.0	2.0	1500	$2,000	$1.33	16d	1	1.01mi
3908 Page Dr Metairie, LA	3.0	1.5	1470	$1,850	$1.26	46d	1	1.05mi
6801 Veterans Blvd Metairie, LA	1.0–3.0	1.0–2.0	985	$1,701	$1.73	0d	27	1.09mi
4416 Barnett St Unit B Metairie, LA	3.0	3.5	1700	$2,000	$1.18	23d	1	1.13mi
5104 W Esplanade Ave Metairie, LA	3.0	2.0	1455	$1,675	$1.15	45d	1	1.13mi
4404 Barnett St Unit C Metairie, LA	3.0	3.5	1700	$2,100	$1.24	25d	1	1.14mi
2921 Indiana Ave Unit 3 Kenner, LA	2.0	1.5	1300	$1,395	$1.07	5d	1	1.20mi
4245 Illinois Ave Kenner, LA	3.0	2.0	1720	$2,300	$1.34	45d	1	1.34mi
2150 42nd St Unit D226 Kenner, LA	2.0	2.0	1612	$1,820	$1.13	25d	1	1.35mi
8817 25th St Metairie, LA	3.0	1.0	1390	$2,100	$1.51	6d	1	1.42mi
4401 Sonfield St Unit C Metairie, LA	4.0	3.0	1300	$1,800	$1.38	45d	1	1.44mi
4401 Sonfield St Unit D Metairie, LA	3.0	3.0	1300	$1,500	$1.15	45d	1	1.44mi
4422 Lake Vista Dr Metairie, LA	2.0	2.5	2500	$2,900	$1.16	25d	1	1.45mi
5029 Loveland St Metairie, LA	3.0	2.0	2100	$2,500	$1.19	6d	1	1.49mi

Listing history 33 events

1. 2026-06-21
   days on market $299,000 Active 124 DOM
2. 2026-06-18
   days on market $299,000 Active 121 DOM
3. 2026-06-17
   days on market $299,000 Active 120 DOM
4. 2026-06-16
   days on market $299,000 Active 119 DOM
5. 2026-06-15
   days on market $299,000 Active 118 DOM
6. 2026-06-13
   days on market $299,000 Active 116 DOM
7. 2026-06-10
   days on market $299,000 Active 113 DOM
8. 2026-06-09
   days on market $299,000 Active 112 DOM
9. 2026-06-08
   days on market $299,000 Active 111 DOM
10. 2026-06-07
    pricedays on market $299,000 Active 110 DOM
11. 2026-06-03
    days on market $319,000 Active 106 DOM
12. 2026-06-02
    days on market $319,000 Active 105 DOM
13. 2026-06-01
    days on market $319,000 Active 104 DOM
14. 2026-05-31
    days on market $319,000 Active 103 DOM
15. 2026-05-16
    price $319,000 410-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

16. 2026-05-16
    price $319,000 411-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

17. 2026-03-26
    price $329,000 410-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

18. 2026-03-26
    price $329,000 411-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

19. 2026-02-17
    listed $339,000 Active 410-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

20. 2026-02-17
    listed $339,000 Active 411-char remark

    Show marketing remark (411 chars)

    Charming Metairie home located on a quiet street just minutes from shopping, dining, and major thoroughfares. Flood zone X!!This well-maintained property offers a functional floor plan with comfortable living spaces, ample natural light, and a spacious yard with an added shed for storage. Conveniently situated to schools and local amenities, this home is a great opportunity for homeowners or investors alike.

21. 2009-09-08
    listed $199,900
22. 2009-09-08
    listed $199,900
23. 2006-06-07
    soldstatus $232,000
24. 2006-06-02
    soldstatus $232,000
25. 2006-04-29
    listed $239,000
26. 2006-04-29
    listed $239,000
27. 2001-06-01
    soldstatus $163,000
28. 2001-05-31
    soldstatus $163,000
29. 2001-04-18
    listed $168,000
30. 2001-04-18
    listed $168,000
31. 1998-03-31
    soldstatus $141,900
32. 1998-03-02
    listed $147,500
33. 1998-03-02
    listed $147,500

ⓘ 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: $2,536 · $211/mo
• Projected year-2 tax: $2,536 · $211/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 · 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,960
• − Mortgage interest: −$16,749
• − Property taxes: −$2,536
• − Insurance: −$2,292
• − Repairs & maintenance: −$2,157
• − Management: −$2,157
• − Depreciation: −$8,698
• Taxable loss: −$7,628
• Est. tax savings @ 24.0%: +$1,831
• After-tax cash flow: $-515/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 — Metairie

• Score: 87/100
• State rank: #1
• US rank: #261

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Metairie, LA
• County: Jefferson Parish · 426,999 people
• City population: 137,978
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 39,344
• Household income: $76,261
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 710.0

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: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 12% Black 8% Asian 5%
• Hispanic origin (detail): Mexican 3% Cuban 1%
• Common ancestry: Lithuanian 12% Scotch-Irish 1% Slovak 1%
• Foreign-born: 14% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 12% 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: ▼ -252.03%
• Current HPI: 138.5632
• Rent YoY: ▲ 2.15%
• 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

+116.3% since first listed

19 events — show timeline

• 2026-05-16 Price Changed $319,000 AcadianaMLS
• 2026-05-16 Price Changed $319,000 GSREIN
• 2026-03-26 Price Changed $329,000 AcadianaMLS
• 2026-03-26 Price Changed $329,000 GSREIN
• 2026-02-17 Listed $339,000 GSREIN
• 2026-02-17 Listed $339,000 AcadianaMLS
• 2009-09-08 Listed $199,900 GSREIN
• 2009-09-08 Listed $199,900 AcadianaMLS
• 2006-06-07 Sold (Public Records) $232,000 Public Records
• 2006-06-02 Sold (MLS) $232,000 GSREIN
• 2006-04-29 Listed $239,000 AcadianaMLS
• 2006-04-29 Listed $239,000 GSREIN
• 2001-06-01 Sold (Public Records) $163,000 Public Records
• 2001-05-31 Sold (MLS) $163,000 GSREIN
• 2001-04-18 Listed $168,000 AcadianaMLS
• 2001-04-18 Listed $168,000 GSREIN
• 1998-03-31 Sold (MLS) $141,900 GSREIN
• 1998-03-02 Listed $147,500 AcadianaMLS
• 1998-03-02 Listed $147,500 GSREIN

Property tax history

+1.7%/yr

Latest (2025): $2,536 · +0.2% YoY. Source: county tax records.