4317 Cleveland Rd · Fordoche, LA 70732

$149,900

3 bd · 2.0 ba · 1,140 sqft · Manufactured · 105 Days on market

Built 2026 0.90 ac lot $131/sqft · at area comps Est $156k · at est.

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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).

• ARV discount +9.2/15.0
• Cash flow +7.6/30.0
• Appreciation +5.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Schools +2.1/10.0
• DSCR +1.7/10.0

Listing remarks MLS

You can not beat this value! Brand new 2026 Clayton 3 bed, 2 bath mobile home set up on nearly an acre lot in Fordoche, LA, fully move in ready. The home will be completely set up and includes a new sewer system, central HVAC, skirting, tie-downs, and runners. Everything is done for you. This is a turnkey property that offers space, peace of mind, and unbeatable affordability. Whether you're a first-time homebuyer, looking to downsize, or searching for a smart investment, this one checks all the boxes. No HOA and No restrictions! Great financing options are available to make ownership even easier. Do not miss out!

Key facts

• Central hvac
• Turnkey property
• Nearly an acre lot

Tags

• NEW SEWER SYSTEM
• CENTRAL HVAC
• TURNKEY PROPERTY
• NEARLY AN ACRE LOT
• NO HOA
• NO RESTRICTIONS

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 $-179 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $124k (17.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $108k (27.6% below list).
• Recommended offer: $108k (27.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#343 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Pointe Coupee Parish (rural): math 21% / reading 29% proficiency, ranked #56 of 98 in LA (top 57%) — 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.
• Zoned schools: Valverda Elementary School (math 22% / reading 29%, grade F, #378 of 646 statewide, top 59%, 503 students, 70% FRL); Livonia High School (math 20% / reading 34%, grade F, #136 of 265 statewide, top 55%, 1,010 students, 66% FRL).
• Market conditions: 8 active listings in the ZIP; 60 units permitted in Pointe Coupee 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)).
• Pointe Coupee County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• 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 105 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

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 $108,476 (27.6% 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 105 days. Have you received any prior offers? Is the seller open to a 28% 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 F-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: 0.72% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.12%
• DSCR: 0.77
• GRM: 11.5

CMA / ARV

• ARV (median comp): $155,748
• List price: $149,900
• Delta: -3.76%
• 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
4307 Cleveland Rd	0.02mi	3/2.0	1,140 (0%)	7mo	$149,900	$131	94

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: 2.8%
• Equity multiple: 1.16×
• Total profit: $6,676
• Equity at exit: $67,402

10-year hold

• IRR: 6.2%
• Equity multiple: 1.95×
• Total profit: $39,785
• Equity at exit: $103,874

Cash invested: $41,972 (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 70732

• Active inventory: 8
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,085 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $-179

Break-even live

Break-even rent $1,311

Max offer price $124,004

Occupancy floor —

Sensitivity live

Price	-10% $-75	-5% $-127	+0% $-179	+5% $-231	+10% $-283
Rent	-10% $-265	-5% $-222	+0% $-179	+5% $-136	+10% $-93
Rate	-1.0pp $-103	-0.5pp $-141	base $-179	+0.5pp $-218	+1.0pp $-257

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-02-02
   listed $149,900 Active 621-char remark

   Show marketing remark (621 chars)

   You can not beat this value! Brand new 2026 Clayton 3 bed, 2 bath mobile home set up on nearly an acre lot in Fordoche, LA, fully move in ready. The home will be completely set up and includes a new sewer system, central HVAC, skirting, tie-downs, and runners. Everything is done for you. This is a turnkey property that offers space, peace of mind, and unbeatable affordability. Whether you're a first-time homebuyer, looking to downsize, or searching for a smart investment, this one checks all the boxes. No HOA and No restrictions! Great financing options are available to make ownership even easier. Do not miss out!

2. 2026-02-02
   listed $149,900 Active 621-char remark

   Show marketing remark (621 chars)

   You can not beat this value! Brand new 2026 Clayton 3 bed, 2 bath mobile home set up on nearly an acre lot in Fordoche, LA, fully move in ready. The home will be completely set up and includes a new sewer system, central HVAC, skirting, tie-downs, and runners. Everything is done for you. This is a turnkey property that offers space, peace of mind, and unbeatable affordability. Whether you're a first-time homebuyer, looking to downsize, or searching for a smart investment, this one checks all the boxes. No HOA and No restrictions! Great financing options are available to make ownership even easier. Do not miss out!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,017
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − Depreciation: −$4,361
• Taxable loss: −$4,821
• Est. tax savings @ 24.0%: +$1,157
• After-tax cash flow: $-991/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: Pointe Coupee Parish
• NCES district ID: 2201260
• Math proficiency: 21% ▼ -35.00%
• Reading proficiency: 29% ▼ -35.00%
• Median HH income: $42,565
• Composite: 21.32/100
• National rank: #8379
• State rank: #56 of 98 in LA

Livability — Fordoche

• Score: 56/100
• State rank: #343
• US rank: #22890

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,098

Population outlook (Pointe Coupee County) Hauer SSP2

• Today (2025): 21,165 people
• By 2030: 20,406 · -3.6%
• By 2040: 18,650 · -11.9%
• By 2050: 16,946 · -19.9%
• By 2075: 13,844 · -34.6%
• By 2100: 11,154 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 23% Two or more races 12% Hispanic / Latino 1%
• Common ancestry: Lithuanian 17%
• Foreign-born: 0%
• Languages at home: 93% English-only · French/Haitian/Cajun 5% Spanish 2%

Political lean MEDSL · Pointe Coupee

• 2024 margin: Strong R (+27.6) · D 35.7% · R 63.3% · Other 1.0%
• 2008→2024 swing: -18.0pp toward R · 2008: -9.5pp · 2024: -27.6pp
• All cycles: 2024: R+27.6 2020: R+22.8 2016: R+17.2 2012: R+9.2 2008: R+9.5

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

+0.0% since first listed

2 events — show timeline

• 2026-02-02 Listed $149,900 AcadianaMLS
• 2026-02-02 Listed $149,900 GBRMLS