3045 Courtland Cir · Baton Rouge, LA 70814

$167,000

4 bd · 1.5 ba · 1,384 sqft · SingleFamily public records · 1 Days on market

Built 1962 10,454 sqft lot Est $180k · 7% under

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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 +23.0/30.0
• ARV discount +10.7/15.0
• DSCR +7.4/10.0
• 1% rule +5.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

WELCOME HOME! Nestled on a quiet cul-de-sac, this charming 4 bedroom 1.5 bath home offers comfort, privacy , and plenty of space to make your own.

Key facts

• 0.24 acre lot
• 2 parking spots
• Built 1962

Property features AI

Finance

• Other: Located in the Longwood subdivision; Served by East Baton Rouge school district

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family residence; Residential property
• Construction: Slab foundation; Built in 2026
• Exterior features: Cul-de-sac setting; Lot dimensions approximately 81 x 102 x 95 x 145; Lot area about 0.24 acre

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cul-de-sac lot

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $167k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $167k).
• Cap rate 8.4% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 69 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $113k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $167,000

Questions for the listing agent

1. Built in 1962 — 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 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?
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: 1.05% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.63%
• DSCR: 1.34
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $179,920
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3125 Crestaire Dr	0.15mi	3/2.0 (-1)	1,408 (+2%)	13mo	$45,000	$32	72
9222 Kimberly Way	0.10mi	3/2.0 (-1)	1,516 (+10%)	2mo	$200,000	$132	71
3088 Kimberly Dr	0.04mi	3/2.0 (-1)	1,518 (+10%)	6mo	$107,000	$70	70
3324 Crestaire Dr	0.20mi	4/2.0	1,414 (+2%)	21mo	$135,000	$95	68
3185 Kimberly Dr	0.11mi	4/2.0	1,497 (+8%)	16mo	$204,000	$136	66
3512 Crestaire Dr	0.32mi	3/1.5 (-1)	1,452 (+5%)	10mo	$129,900	$89	63
3045 Woodcrest Dr	0.36mi	3/2.0 (-1)	1,265 (-9%)	4mo	$165,000	$130	58
3176 Joyce Dr	0.54mi	3/2.0 (-1)	1,495 (+8%)	2mo	$225,000	$151	53

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.83×
• Total profit: $-8,151
• Equity at exit: $24,900

10-year hold

• IRR: 5.0%
• Equity multiple: 1.37×
• Total profit: $17,210
• Equity at exit: $14,439

Cash invested: $46,760 (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 70814

• Home prices YoY: -19.5%
• Active inventory: 69
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,752 medium
• Mortgage (P&I): −$876
• Tax from tax record: −$141 /mo · $1,697/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $297

Break-even live

Break-even rent $1,376

Max offer price $167,000

Occupancy floor 78%

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3087 Farrington Dr Baton Rouge, LA	3.0	2.0	1795	$1,800	$1.00	23d	1	0.09mi
3087 Farrington Dr Baton Rouge, LA	3.0	2.0	1795	$1,800	$1.00	14d	1	0.09mi
8508 Greenwell Springs Rd Baton Rouge, LA	1.0–3.0	1.0–2.5	970	$975	$1.01	18d	1	0.73mi

Listing history 2 events

1. 2026-06-19
   remarks 146-char remark
2. 2026-06-19
   listed $167,000 Active 1 DOM

ⓘ 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: $1,697 · $141/mo
• Projected year-2 tax: $1,697 · $141/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,021
• − Mortgage interest: −$9,355
• − Property taxes: −$1,697
• − Insurance: −$835
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$4,858
• Taxable income: $913
• Est. tax owed @ 24.0%: −$219
• After-tax cash flow: $3,346/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• City population: 351,868
• Population (ZIP): 11,424

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% Hispanic / Latino 8% White 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 2% Serbian 1%
• Foreign-born: 7% · Canada
• Languages at home: 92% English-only · Spanish 7% Arabic 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.79%
• Current HPI: 210.2213
• 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

+133.6% since first listed

19 events — show timeline

• 2026-06-18 Listed $167,000 GBRMLS
• 2015-08-11 Sold (Public Records) $112,900 Public Records
• 2015-08-11 Sold (Public Records) $112,900 Public Records
• 2015-08-07 Sold (MLS) — GBRMLS
• 2015-06-04 Pending — GBRMLS
• 2015-06-03 Listed $112,900 GBRMLS
• 2015-05-01 Listed $112,900 AcadianaMLS
• 2015-02-20 Sold (MLS) — GBRMLS
• 2014-12-11 Listed $55,200 AcadianaMLS
• 2014-12-11 Listed $55,200 GBRMLS
• 2010-04-05 Listed $110,000 AcadianaMLS
• 2010-04-05 Listed $110,000 GBRMLS
• 2005-04-18 Listed $84,900 AcadianaMLS
• 2004-07-07 Listed $79,900 AcadianaMLS
• 2004-07-07 Listed $79,900 GBRMLS
• 2000-09-01 Sold (Public Records) — Public Records
• 2000-08-31 Sold (MLS) — GBRMLS
• 1999-08-20 Listed $71,500 GBRMLS
• 1999-08-20 Listed $71,500 AcadianaMLS

Property tax history

+3.6%/yr

Latest (2025): $1,697 · +4.7% YoY. Source: county tax records.