4588 Cadillac St · Baton Rouge, LA 70811

$29,900

2 bd · 1.0 ba · 767 sqft · SingleFamily · 63 Days on market

Built 1945 Average condition 4,791 sqft lot $39/sqft · 26% below area Est $40k · 26% under ↓ 5% since listing

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Why this score? — see what drove the B+ 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
• Livability +3.7/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice 2 bedroom, 1 bathroom home on a large Lot. Freshly painted interior and exterior, washer/dryer connections inside and in Flood Zone X. Tenant occupied month to month. Perfect for investors or first time home buyers.

Key facts

• Large lot
• Flood zone x
• 4,791 sq ft lot

Tags

• LARGE LOT
• FLOOD ZONE X
• WASHER AND DRYER CONNECTIONS

🏷️ Possibly a rental listed for sale. The $29,900 price doesn't fit this home's estimated sale value (~$40,176) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($967 rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 28.7% 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: 123 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $207 of loan paydown is wiped out by about $897 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $12k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $28,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — 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. 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?
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: 3.23% ✓
• Cap rate: 28.66%
• Cash-on-cash: 79.90%
• DSCR: 4.56
• GRM: 2.6

CMA / ARV

• ARV (median comp): $40,176
• List price: $29,900
• Delta: -25.58%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4959 Packard St	0.25mi	2/1.0	800 (+4%)	7mo	$40,000	$50	76
4261 Gurney Ln	0.68mi	2/1.0	784 (+2%)	8mo	$40,000	$51	58
4242 Gurney Ln	0.71mi	2/1.0	787 (+3%)	9mo	$74,900	$95	55
5010 Oaklon Ave	0.47mi	2/1.0	850 (+11%)	17mo	$25,000	$29	46
4347 Gurney Ln	0.67mi	3/1.0 (+1)	882 (+15%)	12mo	$64,900	$74	28

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: 80.1%
• Equity multiple: 4.66×
• Total profit: $30,672
• Equity at exit: $4,458

10-year hold

• IRR: 83.5%
• Equity multiple: 9.66×
• Total profit: $72,483
• Equity at exit: $2,585

Cash invested: $8,372 (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 70811

• Home prices YoY: -30.8%
• Active inventory: 123
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $967 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $557

Break-even live

Break-even rent $262

Max offer price $29,900

Occupancy floor 37%

Sensitivity live

Price	-10% $578	-5% $568	+0% $557	+5% $547	+10% $537
Rent	-10% $481	-5% $519	+0% $557	+5% $596	+10% $634
Rate	-1.0pp $572	-0.5pp $565	base $557	+0.5pp $550	+1.0pp $542

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4540 Crown Ave Unit 94 Baton Rouge, LA	2.0	1.0	1000	$900	$0.90	24d	1	0.22mi
4540 Crown Ave Unit 91 Baton Rouge, LA	2.0	1.0	1000	$950	$0.95	19d	1	0.22mi
4540 Crown Ave Unit 94 Baton Rouge, LA	2.0	1.0	1000	$1,098	$1.10	44d	1	0.22mi
4540 Crown Ave Unit 93 Baton Rouge, LA	2.0	1.0	700	$900	$1.29	44d	1	0.22mi
4540 Crown Ave Unit 85 Baton Rouge, LA	2.0	1.0	700	$850	$1.21	44d	1	0.22mi
8210 Cypress Rd Baton Rouge, LA	1.0–2.0	1.0	765	$920	$1.20	15d	1	0.58mi
8280 Cypress Rd Baton Rouge, LA	1.0–2.0	1.0	745	$1,148	$1.54	15d	1	0.62mi
5665 McClelland Dr Baton Rouge, LA	1.0	1.0	545	$800	$1.47	15d	1	1.24mi
5665 McClelland Dr Baton Rouge, LA	2.0	1.0	775	$825	$1.06	24d	1	1.24mi
5665 McClelland Dr Apt 220 Baton Rouge, LA	3.0	1.5	870	$950	$1.09	15d	1	1.25mi
5665 McClelland Dr Apt 133 Baton Rouge, LA	2.0	1.0	775	$825	$1.06	44d	1	1.25mi
5665 McClelland Dr Unit 245 Baton Rouge, LA	2.0	1.5	765	$800	$1.05	44d	1	1.25mi
5665 McClelland Dr Unit 116 Baton Rouge, LA	1.0	1.0	545	$750	$1.38	44d	1	1.25mi
5665 McClelland Dr Apt 201 Baton Rouge, LA	3.0	1.5	870	$1,050	$1.21	44d	1	1.25mi
2203 Fairchild St Baton Rouge, LA	2.0	1.0	800	$1,000	$1.25	44d	1	1.49mi

Listing history 17 events

1. 2026-06-15
   status $29,900 Pending 63 DOM
2. 2026-06-15
   days on market $29,900 Active 63 DOM
3. 2026-06-14
   days on market $29,900 Active 61 DOM
4. 2026-06-10
   days on market $29,900 Active 58 DOM
5. 2026-06-09
   days on market $29,900 Active 57 DOM
6. 2026-06-08
   days on market $29,900 Active 56 DOM
7. 2026-06-07
   days on market $29,900 Active 55 DOM
8. 2026-06-05
   days on market $29,900 Active 52 DOM
9. 2026-06-03
   days on market $29,900 Active 51 DOM
10. 2026-06-02
    days on market $29,900 Active 50 DOM
11. 2026-06-01
    days on market $29,900 Active 49 DOM
12. 2026-05-31
    days on market $29,900 Active 48 DOM
13. 2026-05-31
    days on market $29,900 Active 47 DOM
14. 2026-05-06
    price $39,900 220-char remark

    Show marketing remark (220 chars)

    Nice 2 bedroom, 1 bathroom home on a large Lot. Freshly painted interior and exterior, washer/dryer connections inside and in Flood Zone X. Tenant occupied month to month. Perfect for investors or first time home buyers.

15. 2026-05-06
    price $39,900 220-char remark

    Show marketing remark (220 chars)

    Nice 2 bedroom, 1 bathroom home on a large Lot. Freshly painted interior and exterior, washer/dryer connections inside and in Flood Zone X. Tenant occupied month to month. Perfect for investors or first time home buyers.

16. 2026-04-13
    listed $42,000 Active 220-char remark

    Show marketing remark (220 chars)

    Nice 2 bedroom, 1 bathroom home on a large Lot. Freshly painted interior and exterior, washer/dryer connections inside and in Flood Zone X. Tenant occupied month to month. Perfect for investors or first time home buyers.

17. 2026-04-13
    listed $42,000 Active 220-char remark

    Show marketing remark (220 chars)

    Nice 2 bedroom, 1 bathroom home on a large Lot. Freshly painted interior and exterior, washer/dryer connections inside and in Flood Zone X. Tenant occupied month to month. Perfect for investors or first time home buyers.

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $11,606
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$928
• − Management: −$928
• − Depreciation: −$870
• Taxable income: $6,606
• Est. tax owed @ 24.0%: −$1,586
• After-tax cash flow: $5,104/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.

Condition & rehab AI · 3 photos

Average 55/100 Moderate rehab

This home requires moderate renovations, including exterior painting, flooring replacement, and siding repair, to significantly increase its resale and rental value.

Repairs flagged

• Major siding — Severe weathering and peeling
• Major paint — Peeling paint on exterior
• Minor flooring — Worn hardwood floors

Value-add opportunities

• Both paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics
• Both replace worn flooring — New flooring improves comfort and value
• Both repair and paint siding — New siding and paint improve curb appeal and home value

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Severe weathering and peeling	Major	$15,000–50,000
paint · Peeling paint on exterior	Major	$15,000–50,000
flooring · Worn hardwood floors	Minor	$500–3,000
Total estimated repair cost · 3 items		$30,500–103,000

Value-add ROI direction

• Both paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both replace worn flooring — New flooring improves comfort and value ↑
• Both repair and paint siding — New siding and paint improve curb appeal and home value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 12,154
• Household income: $45,523
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 444.0

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 (82%)
• Race & ethnicity: Black 82% White 9% Hispanic / Latino 4% Two or more races 1%
• Common ancestry: Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -64.98%
• Current HPI: 146.22
• Rent YoY: —
• Metro: Baton Rouge, LA
• 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

-5.0% since first listed

4 events — show timeline

• 2026-05-06 Price Changed $39,900 AcadianaMLS
• 2026-05-06 Price Changed $39,900 GBRMLS
• 2026-04-13 Listed $42,000 GBRMLS
• 2026-04-13 Listed $42,000 AcadianaMLS