195 Salt Pitt Rd · Goldonna, LA 71031

$150,000

3 bd · 2.0 ba · 1,280 sqft · Manufactured · 109 Days on market

Built 2021 8.83 ac lot

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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).

• Cash flow +10.5/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• DSCR +3.0/10.0
• Livability +2.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0

Listing remarks MLS

2021 mobile home on private 8.83 acres with additional set-up including electric and septic for another homestead. This still new mobile home features 3 bedrooms, 2 bathrooms, and many features and upgrades including steel doors, storm doors, upgraded insulation, energy-smart features, thermal pane windows, stainless vent hood, farm kitchen sink, recessed lighting, shiplap decor panels, a 50-gallon water heater, upgraded central air and heating system, and more. The primary bedroom has an en-suite bathroom with a soaking tub, separate shower, and walk-in closet. The split-floor plan includes two bedrooms and a bathroom on the other side of the home. Entertain in the open concept living and eat-in kitchen featuring a large island. The property has a private driveway and backs up to timberland and hunting land. Nearby amenities include Black/Clear Lake, Cheechee Bay, Saline Lake, a public boat launch, and a local dump just 1/4 mile from the home.

Key facts

• 883 acres
• Recessed lighting
• Farm kitchen sink

Tags

• 883 ACRES
• ENERGY-SMART FEATURES
• FARM KITCHEN SINK
• RECESSED LIGHTING
• SHIPLAP DECOR PANELS
• 50 GALLON WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-77 ($-921/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (9.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $105k (29.8% below list).
• Recommended offer: $105k (29.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 55/100 on livability (#375 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools D+, crime F.
• Natchitoches Parish (town): math 29% / reading 36% proficiency, ranked #41 of 98 in LA (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 8 active listings in the ZIP; 95 units permitted in Natchitoches Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $4k appreciation (3.0% local appreciation)).
• Natchitoches County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,276 (29.8% 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 109 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.70% ✗
• Cap rate: 5.68%
• Cash-on-cash: -2.19%
• DSCR: 0.90
• GRM: 11.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.4%
• Equity multiple: 1.31×
• Total profit: $13,119
• Equity at exit: $67,446

10-year hold

• IRR: 8.4%
• Equity multiple: 2.27×
• Total profit: $53,489
• Equity at exit: $103,943

Cash invested: $42,000 (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 71031

• Active inventory: 8
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,053 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$59 /mo · $712/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $-77

Break-even live

Break-even rent $1,150

Max offer price $136,443

Occupancy floor —

Sensitivity live

Price	-10% $8	-5% $-34	+0% $-77	+5% $-119	+10% $-162
Rent	-10% $-160	-5% $-118	+0% $-77	+5% $-35	+10% $6
Rate	-1.0pp $-1	-0.5pp $-39	base $-77	+0.5pp $-116	+1.0pp $-155

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-17
   status $150,000 Pending 109 DOM
2. 2026-06-16
   days on market $150,000 Active 109 DOM
3. 2026-06-15
   days on market $150,000 Active 108 DOM
4. 2026-06-14
   days on market $150,000 Active 106 DOM
5. 2026-06-12
   days on market $150,000 Active 105 DOM
6. 2026-06-09
   days on market $150,000 Active 102 DOM
7. 2026-06-08
   days on market $150,000 Active 101 DOM
8. 2026-06-07
   days on market $150,000 Active 100 DOM
9. 2026-06-07
   days on market $150,000 Active 99 DOM
10. 2026-06-04
    days on market $150,000 Active 96 DOM
11. 2026-06-02
    days on market $150,000 Active 95 DOM
12. 2026-06-01
    days on market $150,000 Active 94 DOM
13. 2026-05-31
    days on market $150,000 Active 93 DOM
14. 2026-05-31
    days on market $150,000 Active 92 DOM
15. 2026-02-27
    listed $150,000 Active 958-char remark

    Show marketing remark (958 chars)

    2021 mobile home on private 8.83 acres with additional set-up including electric and septic for another homestead. This still new mobile home features 3 bedrooms, 2 bathrooms, and many features and upgrades including steel doors, storm doors, upgraded insulation, energy-smart features, thermal pane windows, stainless vent hood, farm kitchen sink, recessed lighting, shiplap decor panels, a 50-gallon water heater, upgraded central air and heating system, and more. The primary bedroom has an en-suite bathroom with a soaking tub, separate shower, and walk-in closet. The split-floor plan includes two bedrooms and a bathroom on the other side of the home. Entertain in the open concept living and eat-in kitchen featuring a large island. The property has a private driveway and backs up to timberland and hunting land. Nearby amenities include Black/Clear Lake, Cheechee Bay, Saline Lake, a public boat launch, and a local dump just 1/4 mile from the home.

ⓘ 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: $712 · $59/mo
• Projected year-2 tax: $825 · $69/mo
• Expected delta: +$113/yr (+$9/mo · 15.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $12,633
• − Mortgage interest: −$8,402
• − Property taxes: −$712
• − Insurance: −$750
• − Repairs & maintenance: −$1,011
• − Management: −$1,011
• − Depreciation: −$4,364
• Taxable loss: −$3,616
• Est. tax savings @ 24.0%: +$868
• After-tax cash flow: $-53/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: Natchitoches Parish
• NCES district ID: 2201140
• Math proficiency: 29% ▼ -27.00%
• Reading proficiency: 36% ▼ -27.00%
• Median HH income: $30,204
• Composite: 26.36/100
• National rank: #7235
• State rank: #41 of 98 in LA

Livability — Goldonna

• Score: 55/100
• State rank: #375
• US rank: #23681

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 736
• Population (ZIP): 736

Population outlook (Natchitoches County) Hauer SSP2

• Today (2025): 38,130 people
• By 2030: 37,412 · -1.9%
• By 2040: 35,550 · -6.8%
• By 2050: 33,580 · -11.9%
• By 2075: 29,268 · -23.2%
• By 2100: 23,909 · -37.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Asian 3% Two or more races 1%
• Common ancestry: Serbian 1%
• Foreign-born: 5%
• Languages at home: 95% English-only · Other Indo-European 3% Spanish 1%

Political lean MEDSL · Natchitoches

• 2024 margin: Strong R (+22.4) · D 38.2% · R 60.5% · Other 1.3%
• 2008→2024 swing: -15.0pp toward R · 2008: -7.3pp · 2024: -22.4pp
• All cycles: 2024: R+22.4 2020: R+14.9 2016: R+11.0 2012: R+6.6 2008: R+7.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

1 event — show timeline

• 2026-02-27 Listed $150,000 AcadianaMLS

Property tax history

+2.7%/yr

Latest (2025): $712 · -1.6% YoY. Source: county tax records.