504 W 159 St · Galliano, LA 70354

$81,900

4 bd · 3.0 ba · 3,000 sqft · Other public records · 23 Days on market

Built 1980

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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
• Appreciation +5.9/10.0
• Schools +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Nestled in the heart of Galliano, this 4 bedroom, 3 bathroom property offers a rare opportunity to create something truly special in the heart of the bayou. Situated on a beautiful established street with convenient access to nearby amenities and highly desired local schools, this home is full of character, potential, and standout features that are hard to find. Currently taken down to the studs, the property is ready for a new vision and fresh design while still showcasing unique assets such as the impressive custom steel front and back door that immediately makes a statement upon arrival and exit. Out back, an in ground pool creates the foundation for an incredible backyard retreat and entertaining space. Whether you're an investor, renovator, or buyer looking to customize your dream home from the ground up, the possibilities here are endless. Seller is willing to explore creative purchasing opportunities including bond for deed and potential seller financing options, creating additional flexibility for buyers looking to bring this property back to life. A unique South Louisiana opportunity with character, location, and endless potential waiting for the right vision. Most of the building materials are in house to complete project and they are to stay(toilets, tiles, HVAC, electric firplace, etc). If furniture is desired there is possibility there too! *Some images are brightened & some are AI to help with vision.

Key facts

• Backyard retreat
• In ground pool
• 3 parking spots

Tags

• CUSTOM STEEL FRONT DOOR
• CUSTOM STEEL BACK DOOR
• IN GROUND POOL
• BACKYARD RETREAT
• HIGHLY DESIRED LOCAL SCHOOLS
• CONVENIENT ACCESS TO AMENITIES

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $82k.

Deal economics

• At list price, monthly cash flow is $-2 ($-20/yr) — negative.
• To cash-flow at today's rent, offer at most $82k (0.4% below list).
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $81k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 2.4% in Galliano — 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 68/100 on livability (#96 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime 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.
• Market conditions: 40 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 $2k of equity ($566 loan paydown + $1k appreciation (1.8% local appreciation)).
• At projected returns (1.8% appreciation + 3.0% rent growth), your $23k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago; this cycle's ask has dropped $13k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $80,671 (1.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.65% ✓
• Cap rate: 12.52%
• Cash-on-cash: 22.23%
• DSCR: 1.99
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.76% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.9%
• Equity multiple: 1.21×
• Total profit: $4,823
• Equity at exit: $31,227

10-year hold

• IRR: 8.1%
• Equity multiple: 2.08×
• Total profit: $24,675
• Equity at exit: $44,155

Cash invested: $22,932 (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 70354

• Home prices YoY: 3.4%
• Active inventory: 40
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,347 medium
• Mortgage (P&I): −$429
• Tax from tax record: −$176 /mo · $2,112/yr
• Insurance: −$34
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $-2

Break-even live

Break-even rent $1,350

Max offer price $81,599

Occupancy floor 95%

Sensitivity live

Price	-10% $45	-5% $21	+0% $-2	+5% $-25	+10% $-48
Rent	-10% $-108	-5% $-55	+0% $-2	+5% $52	+10% $105
Rate	-1.0pp $40	-0.5pp $19	base $-2	+0.5pp $-23	+1.0pp $-45

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: $20,475
• Closing costs: $2,457
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-19
   days on market $81,900 Active 23 DOM
2. 2026-06-18
   days on market $81,900 Active 22 DOM
3. 2026-06-17
   days on market $81,900 Active 21 DOM
4. 2026-06-16
   days on market $81,900 Active 20 DOM
5. 2026-06-15
   days on market $81,900 Active 19 DOM
6. 2026-06-14
   days on market $81,900 Active 17 DOM
7. 2026-06-13
   pricedays on market $81,900 Active 16 DOM
8. 2026-06-10
   days on market $89,900 Active 14 DOM
9. 2026-06-09
   days on market $89,900 Active 13 DOM
10. 2026-06-08
    days on market $89,900 Active 12 DOM
11. 2026-06-07
    pricedays on market $89,900 Active 11 DOM
12. 2026-06-05
    days on market $95,000 Active 8 DOM
13. 2026-06-03
    days on market $95,000 Active 7 DOM
14. 2026-06-02
    days on market $95,000 Active 6 DOM
15. 2026-06-01
    days on market $95,000 Active 5 DOM
16. 2026-05-31
    days on market $95,000 Active 4 DOM
17. 2026-05-30
    days on market $95,000 Active 3 DOM
18. 2026-05-23
    listed $95,000 Active 1442-char remark

    Show marketing remark (1446 chars)

    Nestled in the heart of Galliano, this 4 bedroom, 3 bathroom property offers a rare opportunity to create something truly special in the heart of the bayou. Situated on a beautiful established street with convenient access to nearby amenities and highly desired local schools, this home is full of character, potential, and standout features that are hard to find. Currently taken down to the studs, the property is ready for a new vision and fresh design while still showcasing unique assets such as the impressive custom steel front and back door that immediately makes a statement upon arrival and exit. Out back, an in ground pool creates the foundation for an incredible backyard retreat and entertaining space. Whether you're an investor, renovator, or buyer looking to customize your dream home from the ground up, the possibilities here are endless. Seller is willing to explore creative purchasing opportunities including bond for deed and potential seller financing options, creating additional flexibility for buyers looking to bring this property back to life. A unique South Louisiana opportunity with character, location, and endless potential waiting for the right vision. Most of the building materials are in house to complete project and they are to stay(toilets, tiles, HVAC, electric firplace, etc). If furniture is desired there is possibility there too! * Some images are brightened & some are AI to help with vision.

19. 2026-05-23
    listed $95,000 Active 1446-char remark

    Show marketing remark (1446 chars)

    Nestled in the heart of Galliano, this 4 bedroom, 3 bathroom property offers a rare opportunity to create something truly special in the heart of the bayou. Situated on a beautiful established street with convenient access to nearby amenities and highly desired local schools, this home is full of character, potential, and standout features that are hard to find. Currently taken down to the studs, the property is ready for a new vision and fresh design while still showcasing unique assets such as the impressive custom steel front and back door that immediately makes a statement upon arrival and exit. Out back, an in ground pool creates the foundation for an incredible backyard retreat and entertaining space. Whether you're an investor, renovator, or buyer looking to customize your dream home from the ground up, the possibilities here are endless. Seller is willing to explore creative purchasing opportunities including bond for deed and potential seller financing options, creating additional flexibility for buyers looking to bring this property back to life. A unique South Louisiana opportunity with character, location, and endless potential waiting for the right vision. Most of the building materials are in house to complete project and they are to stay(toilets, tiles, HVAC, electric firplace, etc). If furniture is desired there is possibility there too! * Some images are brightened & some are AI to help with vision.

20. 2026-04-18
    price $95,000
21. 2026-04-17
    price $95,000
22. 2026-04-14
    price $100,000
23. 2026-04-14
    price $100,000
24. 2026-03-28
    price $110,000
25. 2026-03-28
    price $110,000
26. 2026-03-17
    price $124,500
27. 2026-03-17
    price $124,500
28. 2026-03-10
    price $134,500
29. 2026-03-10
    price $134,500
30. 2026-03-06
    status Active
31. 2026-02-13
    price $139,500
32. 2026-02-13
    price $139,500
33. 2025-11-01
    listed $149,900 Active
34. 2025-11-01
    listed $149,900 Active
35. 2023-01-30
    soldstatus Sold
36. 2022-12-30
    status Pending
37. 2022-12-12
    listed $36,400 Active
38. 2022-12-12
    listed $36,400

ⓘ 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: $2,112 · $176/mo
• Projected year-2 tax: $2,112 · $176/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 10/10 Extreme FEMA zone AE · 99% 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 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,169
• − Mortgage interest: −$4,588
• − Property taxes: −$2,112
• − Insurance: −$5,528
• − Repairs & maintenance: −$1,294
• − Management: −$1,294
• − Depreciation: −$2,383
• Taxable loss: −$1,028
• Est. tax savings @ 24.0%: +$247
• After-tax cash flow: $226/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 — Galliano

• Score: 68/100
• State rank: #96
• US rank: #9844

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galliano, LA
• Population (ZIP): 3,547

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 13% Two or more races 11% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 12% Serbian 1%
• Foreign-born: 6% · Canada, Jamaica, China
• Languages at home: 66% English-only · French/Haitian/Cajun 24% Spanish 10%

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: ▲ 1.76%
• Current HPI: 53.5942
• 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

+161.0% since first listed

21 events — show timeline

• 2026-05-23 Listed $95,000 GSREIN
• 2026-05-23 Listed $95,000 AcadianaMLS
• 2026-04-18 Price Changed $95,000 AcadianaMLS
• 2026-04-17 Price Changed $95,000 GBRMLS
• 2026-04-14 Price Changed $100,000 AcadianaMLS
• 2026-04-14 Price Changed $100,000 GBRMLS
• 2026-03-28 Price Changed $110,000 AcadianaMLS
• 2026-03-28 Price Changed $110,000 GBRMLS
• 2026-03-17 Price Changed $124,500 AcadianaMLS
• 2026-03-17 Price Changed $124,500 GBRMLS
• 2026-03-10 Price Changed $134,500 AcadianaMLS
• 2026-03-10 Price Changed $134,500 GBRMLS
• 2026-03-06 Relisted — GBRMLS
• 2026-02-13 Price Changed $139,500 AcadianaMLS
• 2026-02-13 Price Changed $139,500 GBRMLS
• 2025-11-01 Listed $149,900 GBRMLS
• 2025-11-01 Listed $149,900 AcadianaMLS
• 2023-01-30 Sold (MLS) — GBRMLS
• 2022-12-30 Pending — GBRMLS
• 2022-12-12 Listed $36,400 AcadianaMLS
• 2022-12-12 Listed $36,400 GBRMLS

Property tax history

+8.5%/yr

Latest (2024): $2,112 · +9.1% YoY. Source: county tax records.