404 SE 4th St · Springhill, LA 71075

$34,995

2 bd · 1.0 ba · 847 sqft · SingleFamily · 241 Days on market

Built 1960 8,973 sqft lot $41/sqft · 17% below area Est $42k · 17% under

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Why this score? — see what drove the A- 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
• Appreciation +6.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

Key facts

• Eat in kitchen
• New water heater
• Ceramic tiled floors

Tags

• CERAMIC TILED FLOORS
• EAT IN KITCHEN
• SEPARATE UTILITY ROOM
• NEW WATER HEATER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($650 rent vs $35k).
• Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.5% vs local median 7.0% in Springhill — 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 65/100 on livability (#139 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, health & safety A-; Watch: amenities F, commute F, employment F.
• Webster Parish (town): math 17% / reading 26% proficiency, ranked #67 of 98 in LA (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 44 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 36 units permitted in Webster Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($242 loan paydown + $1k appreciation (3.6% local appreciation)).
• Webster County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $8k; list at $35k implies a 337% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 51% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,795 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
6. 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.
7. 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: 1.86% ✓
• Cap rate: 16.53%
• Cash-on-cash: 36.56%
• DSCR: 2.63
• GRM: 4.5

CMA / ARV

• ARV (median comp): $42,082
• List price: $34,995
• Delta: -16.84%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
411 4th St SE	0.04mi	3/1.0 (+1)	862 (+2%)	22mo	$79,900	$93	72
409 Shady Oak St	0.70mi	2/1.0	835 (-1%)	8mo	$16,500	$20	59
712 Walnut	0.61mi	2/1.0	895 (+6%)	9mo	$77,500	$87	54
1003 SE 2nd St	0.49mi	2/1.0	900 (+6%)	15mo	$64,900	$72	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.57% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.0%
• Equity multiple: 3.48×
• Total profit: $24,286
• Equity at exit: $16,864

10-year hold

• IRR: 42.3%
• Equity multiple: 6.97×
• Total profit: $58,518
• Equity at exit: $26,903

Cash invested: $9,799 (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 71075

• Home prices YoY: 4.1%
• Active inventory: 44
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $650 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$17 /mo · $202/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$136
• Net cashflow: $299

Break-even live

Break-even rent $272

Max offer price $34,995

Occupancy floor 49%

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: $8,749
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 Herrington Dr Unit 6 Springhill, LA	1.0	1.0	572	$650	$1.14	14d	1	1.23mi
503 Herrington Dr Unit 16 Springhill, LA	1.0	1.0	572	$650	$1.14	21d	1	1.24mi

Listing history 6 events

1. 2026-05-14
   status Pending 380-char remark

   Show marketing remark (380 chars)

   THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

2. 2026-03-10
   price $34,995 380-char remark

   Show marketing remark (380 chars)

   THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

3. 2026-02-19
   price $38,500 380-char remark

   Show marketing remark (380 chars)

   THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

4. 2025-12-10
   price $47,500 380-char remark

   Show marketing remark (380 chars)

   THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

5. 2025-09-15
   listed $49,900 Active 380-char remark

   Show marketing remark (380 chars)

   THIS 2 BEDROOM 1 BATHROOM HOME IN ESTABLISHED NEIGHBORHOOD IS A PERFECT STARTER OR RETIREMENT HOME FOR OWNER OCCUPANTS OR COULD BE A GOOD RENTAL FOR AN INVESTOR AS IT HAS A PROVEN PROFITABLE TRACK RECORD. HOME FEATURES CERAMIC TILED FLOORS THROUGHOUT WITH CARPETING IN THE BEDROOMS. EAT IN KITCHEN. SEPARATE UTILITY ROOM FOR WASHER AND DRYER. NEW WATER HEATER. REDUCED TO $34,995!

6. 2012-09-06
   soldstatus $8,000

ⓘ 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: $202 · $17/mo
• Projected year-2 tax: $202 · $17/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 51% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $7,800
• − Mortgage interest: −$1,960
• − Property taxes: −$202
• − Insurance: −$175
• − Repairs & maintenance: −$624
• − Management: −$624
• − Depreciation: −$1,018
• Taxable income: $3,197
• Est. tax owed @ 24.0%: −$767
• After-tax cash flow: $2,816/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: Webster Parish
• NCES district ID: 2201890
• Math proficiency: 17% ▼ -39.00%
• Reading proficiency: 26% ▼ -38.00%
• Median HH income: $33,011
• Composite: 17.5/100
• National rank: #9055
• State rank: #67 of 98 in LA

Livability — Springhill

• Score: 65/100
• State rank: #139
• US rank: #12517

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springhill, LA
• Population (ZIP): 5,417

Population outlook (Webster County) Hauer SSP2

• Today (2025): 37,736 people
• By 2030: 36,203 · -4.1%
• By 2040: 32,988 · -12.6%
• By 2050: 29,743 · -21.2%
• By 2075: 22,346 · -40.8%
• By 2100: 15,045 · -60.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 56% Black 34% Hispanic / Latino 6% Two or more races 2% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Iranian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · French/Haitian/Cajun 1% Spanish 1%

Political lean MEDSL · Webster

• 2024 margin: Solid R (+36.5) · D 31.2% · R 67.7% · Other 1.1%
• 2008→2024 swing: -10.2pp toward R · 2008: -26.3pp · 2024: -36.5pp
• All cycles: 2024: R+36.5 2020: R+31.1 2016: R+29.1 2012: R+25.0 2008: R+26.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.57%
• Current HPI: 90.8938
• Rent YoY: —
• Metro: —
• 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

+337.4% since first listed

6 events — show timeline

• 2026-05-14 Pending — NTREIS
• 2026-03-10 Price Changed $34,995 NTREIS
• 2026-02-19 Price Changed $38,500 NTREIS
• 2025-12-10 Price Changed $47,500 NTREIS
• 2025-09-15 Listed $49,900 NTREIS
• 2012-09-06 Sold (Public Records) $8,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $202 · +2.2% YoY. Source: county tax records.