614 Lafourche St · Lockport, LA 70374

$180,000

3 bd · 2.0 ba · 1,569 sqft · SingleFamily public records · 62 Days on market

Built 1960 9,147 sqft lot $115/sqft · 9% above area Est $151k · 19% over

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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).

• Cash flow +22.3/30.0
• DSCR +7.2/10.0
• 1% rule +5.2/10.0
• Schools +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

ON THE PARADE ROUTE!! PRIME LOCATION WITH BONUS LOT & COMMERCIAL POTENTIAL!! $3000 IN CLOSING COSTS OFFERED BY SELLER! WELCOME TO 614 LAFOURCHE ST IN THE HEART OF LOCKPORT! This 3-Bedroom, 2-Bath home offers move-in-ready features and convenience like none other! New roof after Ida, new flooring throughout, GAS STOVE. fresh fixtures and ALL APPLIANCES to remain with the property! With its close proximity to the community park, Lockport district schools, and a store across the street, this is a PERFECT OPPORTUNITY for your family to enjoy unbeatable convenience!! Backyard features a deck for late evenings and early mornings, & a SHED for added storage that remains! Camera system will remain as well! FLOOD ZONE X! NO Flood insurance required!

Key facts

• Bonus lot
• Commercial potential
• Fresh fixtures

Tags

• BONUS LOT
• COMMERCIAL POTENTIAL
• NEW ROOF
• NEW FLOORING
• GAS STOVE
• FRESH FIXTURES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#168 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute 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.
• Zoned schools: Lockport Lower Elementary School (460 students, 53% FRL); Lockport Middle School (math 39% / reading 56%, grade C-, #36 of 218 statewide, top 16%, 376 students, 48% FRL); Central Lafourche High School (math 28% / reading 50%, grade F, #86 of 265 statewide, top 33%, 1,360 students, 61% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: 56 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 319 units permitted in Lafourche 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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y 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.
• Current owner paid $154k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 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 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.02% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.08%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (median comp): $151,141
• List price: $180,000
• Delta: 19.09%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 Tenth St	0.38mi	3/2.0	1,651 (+5%)	2mo	$75,000	$45	72
616 Ethel St	0.46mi	3/2.0	1,500 (-4%)	10mo	$199,000	$133	62
221 N Willow St	0.45mi	3/1.5	1,504 (-4%)	24mo	$150,000	$100	50
1113 Catherine St	0.62mi	3/1.5	1,730 (+10%)	3mo	$55,000	$32	50
132 N Carol St	0.47mi	2/1.5 (-1)	1,375 (-12%)	9mo	$168,500	$123	43
621 Ethel St	0.48mi	2/1.5 (-1)	1,454 (-7%)	21mo	$172,500	$119	41

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: -7.8%
• Equity multiple: 0.71×
• Total profit: $-14,452
• Equity at exit: $26,839

10-year hold

• IRR: 1.8%
• Equity multiple: 1.13×
• Total profit: $6,391
• Equity at exit: $15,563

Cash invested: $50,400 (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 70374

• Active inventory: 56
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,830 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$129 /mo · $1,553/yr
• Insurance: −$75
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $231

Break-even live

Break-even rent $1,538

Max offer price $180,000

Occupancy floor 82%

Sensitivity live

Price	-10% $333	-5% $282	+0% $231	+5% $180	+10% $129
Rent	-10% $86	-5% $159	+0% $231	+5% $303	+10% $375
Rate	-1.0pp $322	-0.5pp $277	base $231	+0.5pp $184	+1.0pp $137

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
160 Church St Lockport, LA	4.0	2.0	1816	$1,830	$1.01	45d	1	0.45mi

Listing history 15 events

1. 2026-06-02
   status $180,000 Pending 62 DOM
2. 2026-06-01
   days on market $180,000 Active 62 DOM
3. 2026-05-31
   days on market $180,000 Active 61 DOM
4. 2026-05-30
   days on market $180,000 Active 60 DOM
5. 2026-04-29
   price $180,000 758-char remark

   Show marketing remark (761 chars)

   ON THE PARADE ROUTE!! PRIME LOCATION WITH BONUS LOT & COMMERCIAL POTENTIAL!! $3000 IN CLOSING COSTS OFFERED BY SELLER! WELCOME TO 614 LAFOURCHE ST IN THE HEART OF LOCKPORT! This 3-Bedroom, 2-Bath home offers move-in-ready features and convenience like none other! New roof after Ida, new flooring throughout, GAS STOVE. fresh fixtures and ALL APPLIANCES to remain with the property! With its close proximity to the community park, Lockport district schools, and a store across the street, this is a PERFECT OPPORTUNITY for your family to enjoy unbeatable convenience!! Backyard features a deck for late evenings and early mornings, & a SHED for added storage that remains! Camera system will remain as well! FLOOD ZONE X! NO Flood insurance required!

6. 2026-04-29
   price $180,000 761-char remark

   Show marketing remark (761 chars)

   ON THE PARADE ROUTE!! PRIME LOCATION WITH BONUS LOT & COMMERCIAL POTENTIAL!! $3000 IN CLOSING COSTS OFFERED BY SELLER! WELCOME TO 614 LAFOURCHE ST IN THE HEART OF LOCKPORT! This 3-Bedroom, 2-Bath home offers move-in-ready features and convenience like none other! New roof after Ida, new flooring throughout, GAS STOVE. fresh fixtures and ALL APPLIANCES to remain with the property! With its close proximity to the community park, Lockport district schools, and a store across the street, this is a PERFECT OPPORTUNITY for your family to enjoy unbeatable convenience!! Backyard features a deck for late evenings and early mornings, & a SHED for added storage that remains! Camera system will remain as well! FLOOD ZONE X! NO Flood insurance required!

7. 2026-03-31
   listed $185,000 Active 758-char remark

   Show marketing remark (761 chars)

   ON THE PARADE ROUTE!! PRIME LOCATION WITH BONUS LOT & COMMERCIAL POTENTIAL!! $3000 IN CLOSING COSTS OFFERED BY SELLER! WELCOME TO 614 LAFOURCHE ST IN THE HEART OF LOCKPORT! This 3-Bedroom, 2-Bath home offers move-in-ready features and convenience like none other! New roof after Ida, new flooring throughout, GAS STOVE. fresh fixtures and ALL APPLIANCES to remain with the property! With its close proximity to the community park, Lockport district schools, and a store across the street, this is a PERFECT OPPORTUNITY for your family to enjoy unbeatable convenience!! Backyard features a deck for late evenings and early mornings, & a SHED for added storage that remains! Camera system will remain as well! FLOOD ZONE X! NO Flood insurance required!

8. 2026-03-31
   listed $185,000 Active 761-char remark

   Show marketing remark (761 chars)

   ON THE PARADE ROUTE!! PRIME LOCATION WITH BONUS LOT & COMMERCIAL POTENTIAL!! $3000 IN CLOSING COSTS OFFERED BY SELLER! WELCOME TO 614 LAFOURCHE ST IN THE HEART OF LOCKPORT! This 3-Bedroom, 2-Bath home offers move-in-ready features and convenience like none other! New roof after Ida, new flooring throughout, GAS STOVE. fresh fixtures and ALL APPLIANCES to remain with the property! With its close proximity to the community park, Lockport district schools, and a store across the street, this is a PERFECT OPPORTUNITY for your family to enjoy unbeatable convenience!! Backyard features a deck for late evenings and early mornings, & a SHED for added storage that remains! Camera system will remain as well! FLOOD ZONE X! NO Flood insurance required!

9. 2018-07-10
   soldstatus $154,000
10. 2018-07-09
    soldstatus
11. 2018-03-01
    listed $144,900
12. 2018-03-01
    listed $144,900
13. 2017-04-07
    listed $149,900
14. 2017-04-07
    listed $149,900
15. 2017-04-07
    listed $149,900

ⓘ 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: $1,553 · $129/mo
• Projected year-2 tax: $1,553 · $129/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,960
• − Mortgage interest: −$10,083
• − Property taxes: −$1,553
• − Insurance: −$1,697
• − Repairs & maintenance: −$1,757
• − Management: −$1,757
• − Depreciation: −$5,236
• Taxable loss: −$123
• Est. tax savings @ 24.0%: +$30
• After-tax cash flow: $2,800/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 — Lockport

• Score: 64/100
• State rank: #168
• US rank: #14113

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lockport, LA
• Population (ZIP): 6,506

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Two or more races 8% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 18%
• Foreign-born: 6% · Canada
• Languages at home: 84% English-only · Spanish 9% French/Haitian/Cajun 6% Korean 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: ▼ -74.36%
• Current HPI: 99.1459
• 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

+20.1% since first listed

11 events — show timeline

• 2026-04-29 Price Changed $180,000 AcadianaMLS
• 2026-04-29 Price Changed $180,000 GBRMLS
• 2026-03-31 Listed $185,000 GBRMLS
• 2026-03-31 Listed $185,000 AcadianaMLS
• 2018-07-10 Sold (Public Records) $154,000 Public Records
• 2018-07-09 Sold (MLS) — GBRMLS
• 2018-03-01 Listed $144,900 AcadianaMLS
• 2018-03-01 Listed $144,900 GBRMLS
• 2017-04-07 Listed $149,900 GBRMLS
• 2017-04-07 Listed $149,900 AcadianaMLS
• 2017-04-07 Listed $149,900 GBRMLS

Property tax history

+16.4%/yr

Latest (2024): $1,553 · +2.0% YoY. Source: county tax records.