2340 Albert St · Alexandria, LA 71301

$49,900

3 bd · 1.0 ba · 1,504 sqft · SingleFamily public records · 181 Days on market

Built 1937 0.35 ac lot $33/sqft · 63% below 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 +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

Key facts

• Storage shed
• Fenced in back yard
• 0.35 acre lot

Tags

• FENCED IN BACK YARD
• STORAGE SHED
• TERRACE OUTSIDE FRONT ENTRANCE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $790 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.3% vs local median 4.9% in Alexandria — 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 64/100 on livability (#160 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Rapides Parish (urban): math 29% / reading 44% proficiency, ranked #31 of 98 in LA (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 151 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 239 units permitted in Rapides Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Rapides County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y ago; this cycle's ask has dropped $25k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 98% 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 $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 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 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
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: 3.01% ✓
• Cap rate: 25.29%
• Cash-on-cash: 67.86%
• DSCR: 4.02
• GRM: 2.8

CMA / ARV

• ARV (median comp): $135,053
• List price: $49,900
• Delta: -63.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2214 Alma St	0.46mi	3/1.0	1,530 (+2%)	3mo	$15,000	$10	74
2216 Elliott St	0.26mi	3/2.0	1,668 (+11%)	1mo	$59,000	$35	65
2236 Paris St	0.54mi	3/2.0	1,402 (-7%)	6mo	$20,000	$14	55
3026 Marye St	0.61mi	3/2.0	1,604 (+7%)	6mo	$249,900	$156	52
2110 Alma St	0.52mi	3/2.0	1,682 (+12%)	8mo	$48,000	$29	45

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: 67.3%
• Equity multiple: 4.03×
• Total profit: $42,288
• Equity at exit: $7,440

10-year hold

• IRR: 71.5%
• Equity multiple: 8.29×
• Total profit: $101,836
• Equity at exit: $4,314

Cash invested: $13,972 (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 71301

• Home prices YoY: -23.0%
• Active inventory: 151
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$112 /mo · $1,349/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $790

Break-even live

Break-even rent $500

Max offer price $49,900

Occupancy floor 42%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1003 Cinderella Ct Alexandria, LA	2.0	2.0	1940	$1,500	$0.77	44d	1	1.24mi

Listing history 20 events

1. 2026-06-13
   statusdays on market $49,900 Pending 181 DOM
2. 2026-06-10
   days on market $49,900 Active 179 DOM
3. 2026-06-09
   days on market $49,900 Active 178 DOM
4. 2026-06-08
   days on market $49,900 Active 177 DOM
5. 2026-06-07
   days on market $49,900 Active 176 DOM
6. 2026-06-03
   days on market $49,900 Active 172 DOM
7. 2026-06-02
   days on market $49,900 Active 171 DOM
8. 2026-06-01
   days on market $49,900 Active 170 DOM
9. 2026-05-31
   days on market $49,900 Active 169 DOM
10. 2026-05-30
    days on market $49,900 Active 168 DOM
11. 2026-05-11
    status Active 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

12. 2026-04-23
    status Pending 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

13. 2026-03-26
    price $49,900 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

14. 2026-03-05
    price $54,900 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

15. 2026-01-19
    price $59,900 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

16. 2025-12-16
    price $64,900 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

17. 2025-10-30
    listed $74,900 Active 670-char remark

    Show marketing remark (670 chars)

    Don't miss the opportunity to own this charming fixer upper in the Garden District. This classic gray stucco home is full of potential, character, and endless possibilities. It is nestled on a spacious lot with mature trees with an inviting back yard ready for entertaining. This property offers a fenced in back yard, storage shed, and a terrace outside the front entrance adding to it's vintage charm. Request a showing today. Property being sold As-is, where-is, and with all faults. The Seller makes no representation or warranties concerning the property's fitness for any particular purpose, or compliance with any laws or regulations, either expressed or implied.

18. 2010-02-23
    soldstatus $112,000
19. 2009-09-18
    listed $119,900
20. 2007-04-16
    soldstatus $129,000

ⓘ 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: $1,349 · $112/mo
• Projected year-2 tax: $1,349 · $112/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $18,000
• − Mortgage interest: −$2,795
• − Property taxes: −$1,349
• − Insurance: −$250
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$1,452
• Taxable income: $9,274
• Est. tax owed @ 24.0%: −$2,226
• After-tax cash flow: $7,255/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: Rapides Parish
• NCES district ID: 2201290
• Math proficiency: 29% ▼ -34.00%
• Reading proficiency: 44% ▼ -29.00%
• Median HH income: $41,057
• Composite: 30.68/100
• National rank: #6179
• State rank: #31 of 98 in LA

Livability — Alexandria

• Score: 64/100
• State rank: #160
• US rank: #13698

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alexandria, LA
• City population: 25,138
• Population (ZIP): 17,266

Population outlook (Rapides County) Hauer SSP2

• Today (2025): 133,047 people
• By 2030: 132,333 · -0.5%
• By 2040: 129,355 · -2.8%
• By 2050: 124,535 · -6.4%
• By 2075: 110,338 · -17.1%
• By 2100: 88,641 · -33.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 53% White 36% Hispanic / Latino 4% Two or more races 3% Asian 2%
• Common ancestry: Lithuanian 5% Portuguese 1% Hispanic 1%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 3% Other Asian/Pacific 2% French/Haitian/Cajun 1%

Political lean MEDSL · Rapides

• 2024 margin: Solid R (+36.8) · D 31.0% · R 67.7% · Other 1.3%
• 2008→2024 swing: -8.1pp toward R · 2008: -28.7pp · 2024: -36.8pp
• All cycles: 2024: R+36.8 2020: R+32.1 2016: R+32.5 2012: R+29.6 2008: R+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.38%
• Current HPI: 184.9889
• 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

-61.3% since first listed

10 events — show timeline

• 2026-05-11 Relisted — AcadianaMLS
• 2026-04-23 Pending — AcadianaMLS
• 2026-03-26 Price Changed $49,900 AcadianaMLS
• 2026-03-05 Price Changed $54,900 AcadianaMLS
• 2026-01-19 Price Changed $59,900 AcadianaMLS
• 2025-12-16 Price Changed $64,900 AcadianaMLS
• 2025-10-30 Listed $74,900 AcadianaMLS
• 2010-02-23 Sold (Public Records) $112,000 Public Records
• 2009-09-18 Listed $119,900 AcadianaMLS
• 2007-04-16 Sold (Public Records) $129,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,349 · -1.6% YoY. Source: county tax records.