371 E 7th St · Larose, LA 70373

$147,500

4 bd · 2.0 ba · 1,796 sqft · Other public records · 8 Days on market

Built 1975 0.28 ac lot

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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 +15.3/30.0
• Appreciation +8.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Recently remodeled and move-in ready, this spacious 4-bedroom, 2-bath home in Larose offers the perfect blend of modern updates and comfortable living in a convenient area. Situated on a rare double lot measuring approximately 100 x 124 Ft+/-, (over a quarter acre) this property provides plenty of outdoor space for entertaining, parking, or future expansion. Inside, you'll find approximately 1,880 sq. ft. of living area (around 2,000 total sq. ft.) featuring an open, airy layout with fresh, updated colors throughout. The home has been thoughtfully renovated with new 12x18 ceramic tile flooring, new carpet, stylish barn doors, crown molding, wainscoting, chair rail accents, and unique brick and marble trim details that add character and charm. The custom-designed master suite is a true retreat, featuring a walk-in shower and double vanity. Both bathrooms have been updated with modern finishes and custom cabinetry. The gourmet kitchen is a standout, complete with rich cherry cabinets, beautiful granite countertops, and stainless steel appliances--perfect for everyday living or entertaining family and friends. Additional upgrades include a newer central A/C system, ensuring comfort year-round. Previously used as a rental, this home has been fully transformed and is now ready for its next owner. Ideal for buyers working in the local fishing, offshore, or shipyard industries, this location offers convenience while maintaining a neighborhood feel. Homes with this level of updates and space don't last long--schedule your showing today and see why this one stands out from the rest!

Key facts

• Barn doors
• Double lot
• Gourmet kitchen

Tags

• DOUBLE LOT
• CERAMIC TILE FLOORING
• BARN DOORS
• GOURMET KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Exterior

• Parking: Other parking
• Utilities: Other water source
• Home design: Single-family residence; Detached; Single-story
• Construction: Wood siding; Block; Brick construction; Slab foundation; Built in unspecified year
• Exterior features: Composition roof

Interior

• Kitchen: Gas cooktop; Range; Oven; Dishwasher; Refrigerator
• Flooring: Tile; Carpet; Ceramic tile; Marble
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Crown molding

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $148k.

Deal economics

• At list price, monthly cash flow is $55 ($660/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (12.4% below list).
• Recommended offer: $129k (12.4% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 2.0% in Larose — 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 62/100 on livability (#209 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, schools B+; Watch: employment D+, crime D, amenities F.
• Lafourche Parish (other): math 31% / reading 49% proficiency, ranked #22 of 98 in LA (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 57 active listings in the ZIP; 319 units permitted in Lafourche Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (6.1% local appreciation)).
• At projected returns (6.1% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 11y 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.

Recommended offer $129,240 (12.4% below list)

Questions for the listing agent

1. Built in 1975 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
5. 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.
6. 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.
7. 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: 0.88% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.60%
• DSCR: 1.07
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.09% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.9%
• Equity multiple: 2.14×
• Total profit: $46,889
• Equity at exit: $93,587

10-year hold

• IRR: 16.7%
• Equity multiple: 4.27×
• Total profit: $134,935
• Equity at exit: $170,465

Cash invested: $41,300 (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 70373

• Home prices YoY: 6.1%
• Active inventory: 57
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,292 medium
• Mortgage (P&I): −$774
• Tax from tax record: −$131 /mo · $1,572/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $55

Break-even live

Break-even rent $1,223

Max offer price $147,500

Occupancy floor 91%

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-04-15
   status Pending 1600-char remark

   Show marketing remark (1600 chars)

   Recently remodeled and move-in ready, this spacious 4-bedroom, 2-bath home in Larose offers the perfect blend of modern updates and comfortable living in a convenient area. Situated on a rare double lot measuring approximately 100 x 124 Ft+/-, (over a quarter acre) this property provides plenty of outdoor space for entertaining, parking, or future expansion. Inside, you'll find approximately 1,880 sq. ft. of living area (around 2,000 total sq. ft.) featuring an open, airy layout with fresh, updated colors throughout. The home has been thoughtfully renovated with new 12x18 ceramic tile flooring, new carpet, stylish barn doors, crown molding, wainscoting, chair rail accents, and unique brick and marble trim details that add character and charm. The custom-designed master suite is a true retreat, featuring a walk-in shower and double vanity. Both bathrooms have been updated with modern finishes and custom cabinetry. The gourmet kitchen is a standout, complete with rich cherry cabinets, beautiful granite countertops, and stainless steel appliances--perfect for everyday living or entertaining family and friends. Additional upgrades include a newer central A/C system, ensuring comfort year-round. Previously used as a rental, this home has been fully transformed and is now ready for its next owner. Ideal for buyers working in the local fishing, offshore, or shipyard industries, this location offers convenience while maintaining a neighborhood feel. Homes with this level of updates and space don't last long--schedule your showing today and see why this one stands out from the rest!

2. 2026-04-15
   status Pending

   Show marketing remark (1600 chars)

   Recently remodeled and move-in ready, this spacious 4-bedroom, 2-bath home in Larose offers the perfect blend of modern updates and comfortable living in a convenient area. Situated on a rare double lot measuring approximately 100 x 124 Ft+/-, (over a quarter acre) this property provides plenty of outdoor space for entertaining, parking, or future expansion. Inside, you'll find approximately 1,880 sq. ft. of living area (around 2,000 total sq. ft.) featuring an open, airy layout with fresh, updated colors throughout. The home has been thoughtfully renovated with new 12x18 ceramic tile flooring, new carpet, stylish barn doors, crown molding, wainscoting, chair rail accents, and unique brick and marble trim details that add character and charm. The custom-designed master suite is a true retreat, featuring a walk-in shower and double vanity. Both bathrooms have been updated with modern finishes and custom cabinetry. The gourmet kitchen is a standout, complete with rich cherry cabinets, beautiful granite countertops, and stainless steel appliances--perfect for everyday living or entertaining family and friends. Additional upgrades include a newer central A/C system, ensuring comfort year-round. Previously used as a rental, this home has been fully transformed and is now ready for its next owner. Ideal for buyers working in the local fishing, offshore, or shipyard industries, this location offers convenience while maintaining a neighborhood feel. Homes with this level of updates and space don't last long--schedule your showing today and see why this one stands out from the rest!

3. 2026-04-07
   listed $147,500 Active

   Show marketing remark (1600 chars)

   Recently remodeled and move-in ready, this spacious 4-bedroom, 2-bath home in Larose offers the perfect blend of modern updates and comfortable living in a convenient area. Situated on a rare double lot measuring approximately 100 x 124 Ft+/-, (over a quarter acre) this property provides plenty of outdoor space for entertaining, parking, or future expansion. Inside, you'll find approximately 1,880 sq. ft. of living area (around 2,000 total sq. ft.) featuring an open, airy layout with fresh, updated colors throughout. The home has been thoughtfully renovated with new 12x18 ceramic tile flooring, new carpet, stylish barn doors, crown molding, wainscoting, chair rail accents, and unique brick and marble trim details that add character and charm. The custom-designed master suite is a true retreat, featuring a walk-in shower and double vanity. Both bathrooms have been updated with modern finishes and custom cabinetry. The gourmet kitchen is a standout, complete with rich cherry cabinets, beautiful granite countertops, and stainless steel appliances--perfect for everyday living or entertaining family and friends. Additional upgrades include a newer central A/C system, ensuring comfort year-round. Previously used as a rental, this home has been fully transformed and is now ready for its next owner. Ideal for buyers working in the local fishing, offshore, or shipyard industries, this location offers convenience while maintaining a neighborhood feel. Homes with this level of updates and space don't last long--schedule your showing today and see why this one stands out from the rest!

4. 2026-04-07
   listed $147,500 Active 1600-char remark

   Show marketing remark (1600 chars)

   Recently remodeled and move-in ready, this spacious 4-bedroom, 2-bath home in Larose offers the perfect blend of modern updates and comfortable living in a convenient area. Situated on a rare double lot measuring approximately 100 x 124 Ft+/-, (over a quarter acre) this property provides plenty of outdoor space for entertaining, parking, or future expansion. Inside, you'll find approximately 1,880 sq. ft. of living area (around 2,000 total sq. ft.) featuring an open, airy layout with fresh, updated colors throughout. The home has been thoughtfully renovated with new 12x18 ceramic tile flooring, new carpet, stylish barn doors, crown molding, wainscoting, chair rail accents, and unique brick and marble trim details that add character and charm. The custom-designed master suite is a true retreat, featuring a walk-in shower and double vanity. Both bathrooms have been updated with modern finishes and custom cabinetry. The gourmet kitchen is a standout, complete with rich cherry cabinets, beautiful granite countertops, and stainless steel appliances--perfect for everyday living or entertaining family and friends. Additional upgrades include a newer central A/C system, ensuring comfort year-round. Previously used as a rental, this home has been fully transformed and is now ready for its next owner. Ideal for buyers working in the local fishing, offshore, or shipyard industries, this location offers convenience while maintaining a neighborhood feel. Homes with this level of updates and space don't last long--schedule your showing today and see why this one stands out from the rest!

5. 2020-01-08
   soldstatus
6. 2019-12-10
   listed $1,200
7. 2016-12-27
   soldstatus
8. 2016-11-22
   listed $1,200
9. 2016-11-22
   listed $1,200
10. 2016-05-31
    soldstatus
11. 2015-09-21
    listed $22,500
12. 2015-09-21
    listed $22,500
13. 2015-04-28
    listed $130,000
14. 2015-04-28
    listed $130,000

ⓘ 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: $1,572 · $131/mo
• Projected year-2 tax: $1,572 · $131/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $15,509
• − Mortgage interest: −$8,262
• − Property taxes: −$1,572
• − Insurance: −$738
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$4,291
• Taxable loss: −$1,835
• Est. tax savings @ 24.0%: +$440
• After-tax cash flow: $1,101/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: Lafourche Parish
• NCES district ID: 2200900
• Math proficiency: 31% ▼ -43.00%
• Reading proficiency: 49% ▼ -32.00%
• Median HH income: $49,703
• Composite: 34.4/100
• National rank: #5205
• State rank: #22 of 98 in LA

Livability — Larose

• Score: 62/100
• State rank: #209
• US rank: #16267

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Larose, LA
• Population (ZIP): 5,700

Population outlook (Lafourche County) Hauer SSP2

• Today (2025): 102,122 people
• By 2030: 103,361 · +1.2%
• By 2040: 104,401 · +2.2%
• By 2050: 102,795 · +0.7%
• By 2075: 95,599 · -6.4%
• By 2100: 82,303 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 10% Native American 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 18% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 87% English-only · French/Haitian/Cajun 10% Spanish 2% Vietnamese 1%

Political lean MEDSL · Lafourche

• 2024 margin: Solid R (+62.1) · D 18.4% · R 80.4% · Other 1.2%
• 2008→2024 swing: -16.1pp toward R · 2008: -46.0pp · 2024: -62.1pp
• All cycles: 2024: R+62.1 2020: R+60.3 2016: R+56.5 2012: R+48.5 2008: R+46.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.09%
• Current HPI: 105.4002
• 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

+13.5% since first listed

14 events — show timeline

• 2026-04-15 Pending — AcadianaMLS
• 2026-04-15 Pending — GBRMLS
• 2026-04-07 Listed $147,500 GBRMLS
• 2026-04-07 Listed $147,500 AcadianaMLS
• 2020-01-08 Sold (MLS) — GBRMLS
• 2019-12-10 Listed $1,200 GBRMLS
• 2016-12-27 Sold (MLS) — GBRMLS
• 2016-11-22 Listed $1,200 GBRMLS
• 2016-11-22 Listed $1,200 AcadianaMLS
• 2016-05-31 Sold (MLS) — GBRMLS
• 2015-09-21 Listed $22,500 GBRMLS
• 2015-09-21 Listed $22,500 AcadianaMLS
• 2015-04-28 Listed $130,000 AcadianaMLS
• 2015-04-28 Listed $130,000 GBRMLS

Property tax history

+13.7%/yr

Latest (2024): $1,572 · +9.7% YoY. Source: county tax records.