14396 Oak Meadow St · Prairieville, LA 70737

$145,000

3 bd · 2.0 ba · 1,049 sqft · Manufactured · 70 Days on market

Built 1994 0.59 ac lot $138/sqft · 10% above area Est $132k · 10% over

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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
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Schools +4.7/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• ARV discount +3.2/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated on two lots totaling . 59 acres, this property offers space, functionality, and plenty of potential. Enjoy no carpet throughout, along with the added benefit of a roof that is approximately 5 years old. The kitchen comes equipped with a range and stainless steel refrigerator and includes a breakfast area, opening to the main living space. The split floor plan provides privacy, with the primary suite on one side of the home and the additional two bedrooms on the opposite side. The primary suite features a walk-in closet, dual vanities, a large soaking/garden tub, and a separate shower, creating a comfortable layout with room to personalize. Conveniently located near shopping, restaurants, and with easy access to Airline Hwy and I-10, this property offers everyday convenience. With two lots and nearly . 6 acres, there’s plenty of room to enjoy the outdoor space or expand your vision. This home has been primarily used as a rental property for many years and offers a great opportunity for an investor or a buyer looking to make it their own with custom touches.

Key facts

• Two lots
• No carpet
• Split floor plan

Tags

• TWO LOTS
• NO CARPET
• ROOF APPROXIMATELY 5 YEARS OLD
• STAINLESS STEEL REFRIGERATOR
• BREAKFAST AREA
• SPLIT FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $613 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 4.3% in Prairieville — 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 69/100 on livability (#70 in LA) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Ascension Parish (suburban): math 48% / reading 58% proficiency, ranked #7 of 98 in LA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.3%/yr); 567 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 579 units permitted in Ascension 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 $4k of value loss. Plan a longer hold.
• Ascension County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $41k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 A-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?
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: 1.41% ✓
• Cap rate: 12.40%
• Cash-on-cash: 21.81%
• DSCR: 1.97
• GRM: 5.9

CMA / ARV

• ARV (median comp): $132,366
• List price: $145,000
• Delta: 9.54%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14454 Oak Meadow St	0.11mi	3/2.0	1,050 (+0%)	11mo	$129,900	$124	86
14195 Oak Meadow St	0.38mi	3/2.0	1,167 (+11%)	1mo	$129,900	$111	62

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 · 3.26% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.40×
• Total profit: $16,088
• Equity at exit: $21,620

10-year hold

• IRR: 19.3%
• Equity multiple: 2.64×
• Total profit: $66,590
• Equity at exit: $12,537

Cash invested: $40,600 (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 70737

• Rents YoY: 3.3%
• Active inventory: 567
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,045 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$57 /mo · $686/yr
• Insurance: −$60
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $613

Break-even live

Break-even rent $1,270

Max offer price $145,000

Occupancy floor 65%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15279 Oak Heritage Ave Prairieville, LA	1.0–3.0	1.0–2.5	1331	$2,243	$1.69	14d	7	1.27mi
38035 Post Office Rd Unit 4B Prairieville, LA	3.0	2.0	1430	$2,000	$1.40	44d	1	1.33mi
14086 Airline Hwy Gonzales, LA	1.0–3.0	1.0–2.0	1171	$1,779	$1.52	14d	1	1.40mi

Listing history 19 events

1. 2026-06-18
   days on market $145,000 Active 70 DOM
2. 2026-06-17
   days on market $145,000 Active 69 DOM
3. 2026-06-16
   days on market $145,000 Active 68 DOM
4. 2026-06-15
   days on market $145,000 Active 67 DOM
5. 2026-06-14
   days on market $145,000 Active 65 DOM
6. 2026-06-10
   days on market $145,000 Active 62 DOM
7. 2026-06-09
   days on market $145,000 Active 61 DOM
8. 2026-06-08
   days on market $145,000 Active 60 DOM
9. 2026-06-07
   days on market $145,000 Active 59 DOM
10. 2026-06-05
    days on market $145,000 Active 56 DOM
11. 2026-06-03
    days on market $145,000 Active 55 DOM
12. 2026-06-02
    days on market $145,000 Active 54 DOM
13. 2026-06-01
    days on market $145,000 Active 53 DOM
14. 2026-05-31
    days on market $145,000 Active 52 DOM
15. 2026-05-31
    days on market $145,000 Active 51 DOM
16. 2026-04-10
    listed $145,000 Active 1087-char remark

    Show marketing remark (1087 chars)

    Situated on two lots totaling . 59 acres, this property offers space, functionality, and plenty of potential. Enjoy no carpet throughout, along with the added benefit of a roof that is approximately 5 years old. The kitchen comes equipped with a range and stainless steel refrigerator and includes a breakfast area, opening to the main living space. The split floor plan provides privacy, with the primary suite on one side of the home and the additional two bedrooms on the opposite side. The primary suite features a walk-in closet, dual vanities, a large soaking/garden tub, and a separate shower, creating a comfortable layout with room to personalize. Conveniently located near shopping, restaurants, and with easy access to Airline Hwy and I-10, this property offers everyday convenience. With two lots and nearly . 6 acres, there’s plenty of room to enjoy the outdoor space or expand your vision. This home has been primarily used as a rental property for many years and offers a great opportunity for an investor or a buyer looking to make it their own with custom touches.

17. 2026-04-09
    listed $145,000 Active 1079-char remark

    Show marketing remark (1079 chars)

    Situated on two lots totaling .59 acres, this property offers space, functionality, and plenty of potential. Enjoy no carpet throughout, along with the added benefit of a roof that is approximately 5 years old. The kitchen comes equipped with a range and stainless steel refrigerator and includes a breakfast area, opening to the main living space. The split floor plan provides privacy, with the primary suite on one side of the home and the additional two bedrooms on the opposite side. The primary suite features a walk-in closet, dual vanities, a large soaking/garden tub, and a separate shower, creating a comfortable layout with room to personalize. Conveniently located near shopping, restaurants, and with easy access to Airline Hwy and I-10, this property offers everyday convenience. With two lots and nearly .6 acres, there's plenty of room to enjoy the outdoor space or expand your vision. This home has been primarily used as a rental property for many years and offers a great opportunity for an investor or a buyer looking to make it their own with custom touches.

18. 2007-02-01
    listed $65,000
19. 2007-02-01
    listed $65,000

ⓘ 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: $686 · $57/mo
• Projected year-2 tax: $798 · $66/mo
• Expected delta: +$111/yr (+$9/mo · 16.2%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,544
• − Mortgage interest: −$8,122
• − Property taxes: −$686
• − Insurance: −$2,228
• − Repairs & maintenance: −$1,963
• − Management: −$1,963
• − Depreciation: −$4,218
• Taxable income: $5,363
• Est. tax owed @ 24.0%: −$1,287
• After-tax cash flow: $6,064/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: Ascension Parish
• NCES district ID: 2200090
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 58% ▼ -25.00%
• Median HH income: $68,423
• Composite: 47.0/100
• National rank: #2347
• State rank: #7 of 98 in LA

Livability — Prairieville

• Score: 69/100
• State rank: #70
• US rank: #8507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ascension Parish · 98,362 people
• City population: 49,278
• Metro: Baton Rouge, LA
• Population (ZIP): 49,084
• Household income: $82,521
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 863.0

Population outlook (Ascension County) Hauer SSP2

• Today (2025): 145,480 people
• By 2030: 158,329 · +8.8%
• By 2040: 183,741 · +26.3%
• By 2050: 207,615 · +42.7%
• By 2075: 260,244 · +78.9%
• By 2100: 289,576 · +99.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 59% Black 26% Hispanic / Latino 10% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 15% Serbian 1% Slovak 1%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 9% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Ascension

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.1% · Other 1.7%
• 2008→2024 swing: +1.7pp toward D · 2008: -35.7pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+32.5 2016: R+36.0 2012: R+34.3 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.49%
• Current HPI: 145.3384
• Rent YoY: ▲ 3.26%
• 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

+123.1% since first listed

4 events — show timeline

• 2026-04-10 Listed $145,000 GBRMLS
• 2026-04-09 Listed $145,000 AcadianaMLS
• 2007-02-01 Listed $65,000 AcadianaMLS
• 2007-02-01 Listed $65,000 GBRMLS

Property tax history

+1.9%/yr

Latest (2025): $686 · -1.5% YoY. Source: county tax records.