5218 Enterprise St · Baton Rouge, LA 70805

$45,000

2 bd · 1.0 ba · 800 sqft · SingleFamily · 244 Days on market

Built 1960 4,356 sqft lot $56/sqft · 80% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

Key facts

• Laminate wood floors
• Grey tile floors
• Large backyard

Tags

• LAMINATE WOOD FLOORS
• GREY TILE FLOORS
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $423 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($882 rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.6% 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: Rents soft (-1.2%/yr); 155 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 42% of the median local income ($25k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k 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 + 0.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 244 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 5y ago; this cycle's ask has dropped $10k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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: 1.96% ✓
• Cap rate: 17.58%
• Cash-on-cash: 40.31%
• DSCR: 2.79
• GRM: 4.3

CMA / ARV

• ARV (median comp): $24,951
• List price: $45,000
• Delta: 80.35%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5765 Beech St	0.10mi	2/1.0	816 (+2%)	2mo	$17,000	$21	90
5169 Annette St	0.15mi	2/1.0	700 (-12%)	4mo	$9,500	$14	69

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 33.4%
• Equity multiple: 2.35×
• Total profit: $17,069
• Equity at exit: $6,710

10-year hold

• IRR: 38.8%
• Equity multiple: 4.14×
• Total profit: $39,544
• Equity at exit: $3,891

Cash invested: $12,600 (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 70805

• Rents YoY: -1.2%
• Active inventory: 155
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $882 high
• Mortgage (P&I): −$236
• Tax from tax record: −$19 /mo · $227/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $423

Break-even live

Break-even rent $346

Max offer price $45,000

Occupancy floor 47%

Sensitivity live

Price	-10% $449	-5% $436	+0% $423	+5% $410	+10% $398
Rent	-10% $354	-5% $388	+0% $423	+5% $458	+10% $493
Rate	-1.0pp $446	-0.5pp $435	base $423	+0.5pp $412	+1.0pp $400

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5665 McClelland Dr Apt 220 Baton Rouge, LA	3.0	1.5	870	$950	$1.09	14d	1	0.37mi
5665 McClelland Dr Unit 245 Baton Rouge, LA	2.0	1.5	765	$800	$1.05	44d	1	0.37mi
5665 McClelland Dr Apt 133 Baton Rouge, LA	2.0	1.0	775	$825	$1.06	44d	1	0.37mi
5665 McClelland Dr Apt 201 Baton Rouge, LA	3.0	1.5	870	$1,050	$1.21	44d	1	0.37mi
5665 McClelland Dr Unit 116 Baton Rouge, LA	1.0	1.0	545	$750	$1.38	44d	1	0.37mi
5665 McClelland Dr Baton Rouge, LA	1.0	1.0	545	$800	$1.47	14d	1	0.38mi
5665 McClelland Dr Baton Rouge, LA	2.0	1.0	775	$825	$1.06	24d	1	0.38mi
5350 Clayton Dr Baton Rouge, LA	3.0	1.0	1050	$850	$0.81	44d	1	0.48mi
4189 W Brookstown Dr Baton Rouge, LA	1.0–2.0	1.0	695	$825	$1.19	14d	20	0.59mi
5617 Prescott Rd Baton Rouge, LA	1.0–2.0	1.0	687	$900	$1.31	24d	26	0.59mi
3942 W Brookstown Dr Baton Rouge, LA	1.0	1.0	650	$675	$1.04	44d	3	0.75mi
4380 Mohican-Prescott Crossover Baton Rouge, LA	2.0	2.0	910	$1,055	$1.16	44d	1	1.10mi
3540 N Foster Dr Baton Rouge, LA	2.0	1.0	1000	$1,000	$1.00	24d	1	1.20mi
3258 Blackwell Dr Baton Rouge, LA	1.0	1.0	562	$750	$1.33	24d	1	1.26mi
3647 Mission Dr Baton Rouge, LA	3.0	1.0	900	$895	$0.99	24d	1	1.30mi
3577 Mission Dr Baton Rouge, LA	2.0	1.0	755	$950	$1.26	19d	1	1.34mi
4540 Crown Ave Unit 94 Baton Rouge, LA	2.0	1.0	1000	$900	$0.90	24d	1	1.44mi
4540 Crown Ave Unit 91 Baton Rouge, LA	2.0	1.0	1000	$950	$0.95	19d	1	1.44mi
4540 Crown Ave Unit 85 Baton Rouge, LA	2.0	1.0	700	$850	$1.21	44d	1	1.44mi
4540 Crown Ave Unit 94 Baton Rouge, LA	2.0	1.0	1000	$1,098	$1.10	44d	1	1.44mi
4540 Crown Ave Unit 93 Baton Rouge, LA	2.0	1.0	700	$900	$1.29	44d	1	1.44mi
3225 Victoria Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1062	$1,019	$0.96	14d	18	1.46mi

Listing history 31 events

1. 2026-06-18
   days on market $45,000 Active 244 DOM
2. 2026-06-17
   days on market $45,000 Active 243 DOM
3. 2026-06-16
   days on market $45,000 Active 242 DOM
4. 2026-06-15
   days on market $45,000 Active 241 DOM
5. 2026-06-14
   days on market $45,000 Active 239 DOM
6. 2026-06-10
   days on market $45,000 Active 236 DOM
7. 2026-06-09
   days on market $45,000 Active 235 DOM
8. 2026-06-08
   days on market $45,000 Active 234 DOM
9. 2026-06-07
   days on market $45,000 Active 233 DOM
10. 2026-06-05
    pricedays on market $45,000 Active 230 DOM
11. 2026-05-31
    days on market $49,000 Active 228 DOM
12. 2026-05-31
    days on market $49,000 Active 227 DOM
13. 2026-04-21
    price $49,000 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

14. 2026-04-21
    price $49,000 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

15. 2026-04-02
    status Active 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

16. 2026-04-02
    status Active 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

17. 2025-10-14
    listed $55,000 Active 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

18. 2025-10-14
    listed $55,000 Active 340-char remark

    Show marketing remark (340 chars)

    This beautiful 2-bedroom 1-bath home has been lovingly renovated. Featuring beautiful laminate wood floors in Living room, hall and bedrooms. The kitchen has beautiful cabinetry and grey tile floors. This home features a beautiful large backyard. Whether you enjoy quiet evenings alone or entertaining with guests this home is just the fit.

19. 2025-05-01
    historical $850
20. 2025-01-28
    listed $850
21. 2025-01-07
    historical $850
22. 2024-12-27
    listed $850
23. 2024-12-11
    listed $65,000 Active
24. 2024-12-11
    historical
25. 2024-05-25
    price $65,000
26. 2023-02-02
    listed $79,900 Active
27. 2023-02-02
    listed $65,000 Active
28. 2021-07-30
    soldstatus Sold
29. 2021-07-21
    status Pending
30. 2021-07-14
    listed $19,500 Active
31. 2021-07-14
    listed $19,500

ⓘ 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: $227 · $19/mo
• Projected year-2 tax: $247 · $21/mo
• Expected delta: +$21/yr (+$2/mo · 9.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 18 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: $10,585
• − Mortgage interest: −$2,521
• − Property taxes: −$227
• − Insurance: −$225
• − Repairs & maintenance: −$847
• − Management: −$847
• − Depreciation: −$1,309
• Taxable income: $4,610
• Est. tax owed @ 24.0%: −$1,106
• After-tax cash flow: $3,972/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: 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): 23,288
• Household income: $25,397
• Rent vs Own: 59.5% rent · 40.5% own
• Severe rent burden: 1980.0

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 (95%)
• Race & ethnicity: Black 95% Hispanic / Latino 2% White 2% Two or more races 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -110.79%
• Current HPI: 75.7121
• Rent YoY: ▼ -1.21%
• 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

+151.3% since first listed

19 events — show timeline

• 2026-04-21 Price Changed $49,000 AcadianaMLS
• 2026-04-21 Price Changed $49,000 GBRMLS
• 2026-04-02 Relisted — AcadianaMLS
• 2026-04-02 Relisted — GBRMLS
• 2025-10-14 Listed $55,000 GBRMLS
• 2025-10-14 Listed $55,000 AcadianaMLS
• 2025-05-01 Rental Removed $850 GBRMLS
• 2025-01-28 Listed for Rent $850 GBRMLS
• 2025-01-07 Rental Removed $850 GBRMLS
• 2024-12-27 Listed for Rent $850 GBRMLS
• 2024-12-11 Listed $65,000 GBRMLS
• 2024-12-11 Delisted — GBRMLS
• 2024-05-25 Price Changed $65,000 GBRMLS
• 2023-02-02 Listed $65,000 AcadianaMLS
• 2023-02-02 Listed $79,900 GBRMLS
• 2021-07-30 Sold (MLS) — GBRMLS
• 2021-07-21 Pending — GBRMLS
• 2021-07-14 Listed $19,500 AcadianaMLS
• 2021-07-14 Listed $19,500 GBRMLS

Property tax history

+0.9%/yr

Latest (2025): $227 · +4.7% YoY. Source: county tax records.