7504 Barataria Boulevard, Marrero, LA, USA
Excellent
89/100This is an excellent deal — priced below the local market with healthy equity after repairs. Watch that the neighborhood scores low.
- 86% below area price per sqft
- $390k potential equity (429%)
- $2,623/mo positive cash flow
- 43.03% cap rate
- Neighborhood scores 61/100
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $396k and $497k. The subject's 2,035 sqft and 3bd/2ba layout supports a midpoint estimate of $440k.
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Property presents in turnkey condition. Estimated rehab of $10k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Marrero rental market shows soft demand. Median area rent is $1,091/mo with a 8% vacancy rate.
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Comparable 3bd units nearby rent for $3,000–$3,590. At $3,260/mo the gross yield is 78.24% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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