420 Maraist St · St. Martinville, LA 70582

$44,000

3 bd · 1.0 ba · 1,560 sqft · Other public records · 442 Days on market

Built 1971 4,791 sqft lot $28/sqft · 63% below area ↓ 32% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

Key facts

• Large yard
• Spacious rooms
• 4,791 sq ft lot

Tags

• SPACIOUS ROOMS
• LARGE YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $44k.

Deal economics

• At list price, monthly cash flow is $667 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $44k).
• Recommended offer: $39k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.5% vs local median 6.9% in St. Martinville — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Martin Parish (rural): math 23% / reading 32% proficiency, ranked #49 of 98 in LA (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 125 active listings in the ZIP; 54 units permitted in St. Martin Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $304 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Martin County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 442 days — a 12% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (32%) 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 442 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 1971 — 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. 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: 2.81% ✓
• Cap rate: 24.49%
• Cash-on-cash: 64.97%
• DSCR: 3.89
• GRM: 3.0

CMA / ARV

• ARV (median comp): $119,554
• List price: $44,000
• Delta: -63.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 64.1%
• Equity multiple: 3.87×
• Total profit: $35,378
• Equity at exit: $6,561

10-year hold

• IRR: 68.5%
• Equity multiple: 7.95×
• Total profit: $85,607
• Equity at exit: $3,804

Cash invested: $12,320 (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 70582

• Home prices YoY: -23.8%
• Active inventory: 125
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,238 medium
• Mortgage (P&I): −$231
• Tax from tax record: −$62 /mo · $747/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $667

Break-even live

Break-even rent $394

Max offer price $44,000

Occupancy floor 41%

Sensitivity live

Price	-10% $692	-5% $680	+0% $667	+5% $655	+10% $642
Rent	-10% $569	-5% $618	+0% $667	+5% $716	+10% $765
Rate	-1.0pp $689	-0.5pp $678	base $667	+0.5pp $656	+1.0pp $644

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: $11,000
• Closing costs: $1,320
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $44,000 Active 442 DOM
2. 2026-06-18
   days on market $44,000 Active 439 DOM
3. 2026-06-17
   days on market $44,000 Active 438 DOM
4. 2026-06-16
   days on market $44,000 Active 437 DOM
5. 2026-06-15
   days on market $44,000 Active 436 DOM
6. 2026-06-14
   days on market $44,000 Active 434 DOM
7. 2026-06-13
   days on market $44,000 Active 433 DOM
8. 2026-06-10
   days on market $44,000 Active 431 DOM
9. 2026-06-09
   days on market $44,000 Active 430 DOM
10. 2026-06-08
    days on market $44,000 Active 429 DOM
11. 2026-06-07
    days on market $44,000 Active 428 DOM
12. 2026-06-05
    days on market $44,000 Active 425 DOM
13. 2026-06-02
    days on market $44,000 Active 423 DOM
14. 2026-06-01
    days on market $44,000 Active 422 DOM
15. 2026-05-31
    days on market $44,000 Active 421 DOM
16. 2026-05-30
    days on market $44,000 Active 420 DOM
17. 2026-05-12
    status Active 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

18. 2026-04-13
    price $44,000 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

19. 2026-01-21
    price $49,000 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

20. 2025-09-09
    price $59,000 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

21. 2025-07-14
    price $64,000 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

22. 2025-03-24
    listed $65,000 Active 256-char remark

    Show marketing remark (256 chars)

    3-bedroom, 1.5-bathroom home in St. Martinville, ready for your personal touch! This fixer-upper offers great potential with spacious rooms and a large yard. A fantastic opportunity to create your dream home! All buyers welcome--schedule your showing today

ⓘ 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: $747 · $62/mo
• Projected year-2 tax: $747 · $62/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,862
• − Mortgage interest: −$2,465
• − Property taxes: −$747
• − Insurance: −$220
• − Repairs & maintenance: −$1,189
• − Management: −$1,189
• − Depreciation: −$1,280
• Taxable income: $7,772
• Est. tax owed @ 24.0%: −$1,865
• After-tax cash flow: $6,139/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: St. Martin Parish
• NCES district ID: 2201590
• Math proficiency: 23% ▼ -44.00%
• Reading proficiency: 32% ▼ -36.00%
• Median HH income: $42,813
• Composite: 23.41/100
• National rank: #7897
• State rank: #49 of 98 in LA

Livability — St. Martinville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Martinville, LA
• Population (ZIP): 19,159

Population outlook (St. Martin County) Hauer SSP2

• Today (2025): 57,446 people
• By 2030: 58,857 · +2.5%
• By 2040: 60,859 · +5.9%
• By 2050: 61,419 · +6.9%
• By 2075: 61,574 · +7.2%
• By 2100: 57,253 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 30% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 15%
• Foreign-born: 1%
• Languages at home: 92% English-only · French/Haitian/Cajun 7% Spanish 1%

Political lean MEDSL · St. Martin

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.0%
• 2008→2024 swing: -20.0pp toward R · 2008: -20.7pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+36.1 2016: R+33.4 2012: R+24.5 2008: R+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.36%
• Current HPI: 155.151
• 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

-32.3% since first listed

6 events — show timeline

• 2026-05-12 Relisted — AcadianaMLS
• 2026-04-13 Price Changed $44,000 AcadianaMLS
• 2026-01-21 Price Changed $49,000 AcadianaMLS
• 2025-09-09 Price Changed $59,000 AcadianaMLS
• 2025-07-14 Price Changed $64,000 AcadianaMLS
• 2025-03-24 Listed $65,000 AcadianaMLS

Property tax history

-0.8%/yr

Latest (2025): $747 · +0.0% YoY. Source: county tax records.