202 Gates Rd · Claiborne, LA 71241

$164,500

4 bd · 2.0 ba · 2,356 sqft · Manufactured public records · 101 Days on market

Built 2002 4.77 ac lot $70/sqft · at area comps Est $164k · at est.

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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 +29.8/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spread your wings in Rocky Branch on this 4.77 acre homesite complete with country amenities including a wonderful large chicken yard and houses, garden site, and areas that could be used for fencing in other animals, and even a site-built dog house for your fur babies! An older retired couple took much time in making this the sweetest home place!! The property has 3 LARGE metal storage barns, and another smaller one if you value LOTS of storage or shops with electricity! This 4 bedrm, 2 bath vinyl sided mobile home has 2,378 htd square feet, a bonus family room that you could use for game room or playroom for the kiddos, a large office, spacious rooms and closets, and also features a large covered screened-in front porch, a covered back porch area, a lovely large kitchen with lots of cabinetry! A new mechanical sewer system has just been installed, as well as a new HW tank. Home has had recent updates with flooring, exterior painting, and other updates. A wonderful place to call home if you love the country! Call your favorite realtor for appmt to view.

Key facts

• Garden site
• Site-built dog house
• Large chicken yard

Tags

• 4.77 ACRE HOMESITE
• LARGE CHICKEN YARD
• GARDEN SITE
• SITE-BUILT DOG HOUSE
• 3 METAL STORAGE BARNS
• COVERED BACK PORCH

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $164k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $150k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.0% in Claiborne — 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 67/100 on livability (#109 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: schools D+, crime D+, health & safety D.
• Union Parish (rural): math 12% / reading 20% proficiency, ranked #74 of 98 in LA (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 111 active listings in the ZIP; 2 units permitted in Union Parish in 2024 (0 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.
• Union County population projected at -14% 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 $46k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

Recommended offer $149,695 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
6. 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.
7. 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.
8. 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: 1.22% ✓
• Cap rate: 10.70%
• Cash-on-cash: 15.73%
• DSCR: 1.70
• GRM: 6.8

CMA / ARV

• ARV (median comp): $164,500
• List price: $164,500
• Delta: —
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 Gates Rd	0.00mi	4/2.0	2,378 (+1%)	1mo	$164,500	$69	98

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: 6.5%
• Equity multiple: 1.25×
• Total profit: $11,728
• Equity at exit: $24,527

10-year hold

• IRR: 15.9%
• Equity multiple: 2.29×
• Total profit: $59,466
• Equity at exit: $14,223

Cash invested: $46,060 (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 71241

• Home prices YoY: -21.0%
• Active inventory: 111
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,012 medium
• Mortgage (P&I): −$863
• Tax from tax record: −$55 /mo · $657/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $604

Break-even live

Break-even rent $1,248

Max offer price $164,500

Occupancy floor 65%

Sensitivity live

Price	-10% $697	-5% $650	+0% $604	+5% $557	+10% $511
Rent	-10% $445	-5% $524	+0% $604	+5% $683	+10% $763
Rate	-1.0pp $686	-0.5pp $645	base $604	+0.5pp $561	+1.0pp $518

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: $41,125
• Closing costs: $4,935
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-02-13
   listed $164,500 Active 1073-char remark

   Show marketing remark (1073 chars)

   Spread your wings in Rocky Branch on this 4.77 acre homesite complete with country amenities including a wonderful large chicken yard and houses, garden site, and areas that could be used for fencing in other animals, and even a site-built dog house for your fur babies! An older retired couple took much time in making this the sweetest home place!! The property has 3 LARGE metal storage barns, and another smaller one if you value LOTS of storage or shops with electricity! This 4 bedrm, 2 bath vinyl sided mobile home has 2,378 htd square feet, a bonus family room that you could use for game room or playroom for the kiddos, a large office, spacious rooms and closets, and also features a large covered screened-in front porch, a covered back porch area, a lovely large kitchen with lots of cabinetry! A new mechanical sewer system has just been installed, as well as a new HW tank. Home has had recent updates with flooring, exterior painting, and other updates. A wonderful place to call home if you love the country! Call your favorite realtor for appmt to view.

ⓘ 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: $657 · $55/mo
• Projected year-2 tax: $905 · $75/mo
• Expected delta: +$247/yr (+$21/mo · 37.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $24,146
• − Mortgage interest: −$9,215
• − Property taxes: −$657
• − Insurance: −$822
• − Repairs & maintenance: −$1,932
• − Management: −$1,932
• − Depreciation: −$4,785
• Taxable income: $4,803
• Est. tax owed @ 24.0%: −$1,153
• After-tax cash flow: $6,091/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: Union Parish
• NCES district ID: 2201770
• Math proficiency: 12% ▼ -37.00%
• Reading proficiency: 20% ▼ -34.00%
• Median HH income: $37,279
• Composite: 13.35/100
• National rank: #9537
• State rank: #74 of 98 in LA

Livability — Claiborne

• Score: 67/100
• State rank: #109
• US rank: #10626

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,773

Population outlook (Union County) Hauer SSP2

• Today (2025): 21,722 people
• By 2030: 21,226 · -2.3%
• By 2040: 20,026 · -7.8%
• By 2050: 18,682 · -14.0%
• By 2075: 15,725 · -27.6%
• By 2100: 12,509 · -42.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 26% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Union

• 2024 margin: Solid R (+57.0) · D 21.1% · R 78.0%
• 2008→2024 swing: -15.4pp toward R · 2008: -41.5pp · 2024: -57.0pp
• All cycles: 2024: R+57.0 2020: R+51.4 2016: R+48.5 2012: R+41.7 2008: R+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.85%
• Current HPI: 169.0449
• 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

• 2026-02-13 Listed $164,500 NELABOR

Property tax history

+2.4%/yr

Latest (2025): $657 · -0.0% YoY. Source: county tax records.