139 Marks Ln · Buras, LA 70041

$150,000

3 bd · 4.0 ba · 1,200 sqft · SingleFamily public records · 313 Days on market

Built 1977 $125/sqft · 256% above area Est $108k · 39% over

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Why this score? — see what drove the F 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 +10.4/30.0
• Schools +5.0/10.0
• Appreciation +4.9/10.0
• DSCR +3.0/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

DONT MISS THIS UNIQUE INVESTMENT OPPORTUNITY IN BURAS. Located just 27 miles south of the LNG Company, this well-maintained property offers both comfort and excellent income potential. The upstairs residence is approximately 1,430 sq. ft.. featuring 3 bedrooms and 2 bathrooms for an owner-occupant or manager quarters. The downstairs area spans approximately1,644 sq. ft. of living space and is current used as lodging It includes a screened kitchen and a spacious living room 4 bunk rooms (each with 4 bunk beds (bunk beds not included in sale) two bathrooms, laundry room, ample storage space and a fish cleaning station for hosting fishing trips or work housing. Please note: the rooms downstairs do not have closets. Some documents may list the property as Mark Lane. Buyer is encouraged for obtaining a land survey during inspection period.

Key facts

• Lots of storage
• Screened kitchen
• 3 parking spots

Tags

• WELL MAINTAINED PROPERTY
• SCREENED KITCHEN
• LOTS OF STORAGE
• FISH CLEANING STATION

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-505 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $61k (59.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (31.1% below list).
• Recommended offer: $61k (59.5% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 52/100 on livability (#409 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: housing C-, schools D+, crime F.
• Market conditions: 52 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 88 units permitted in Plaquemines Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $603 of equity ($1k loan paydown + $-434 appreciation (-0.3% local appreciation)).
• Plaquemines County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 313 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $49k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,706 (59.5% 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. It's been on market 313 days. Have you received any prior offers? Is the seller open to a 60% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 0.69% ✗
• Cap rate: 5.66%
• Cash-on-cash: -2.26%
• DSCR: 0.90
• GRM: 12.1

CMA / ARV

• ARV (median comp): $107,923
• List price: $150,000
• Delta: 38.99%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-0.29% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.09×
• Total profit: $-38,420
• Equity at exit: $41,397

10-year hold

• IRR: -13.6%
• Equity multiple: -0.35×
• Total profit: $-56,718
• Equity at exit: $48,069

Cash invested: $42,000 (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 70041

• Home prices YoY: -0.5%
• Active inventory: 52
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $1,033 high
• Mortgage (P&I): −$787
• Tax from tax record: −$46 /mo · $554/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $-505

Break-even live

Break-even rent $1,673

Max offer price $60,706

Occupancy floor —

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34909 Highway 11 Buras, LA	2.0	1.0	800	$1,000	$1.25	44d	1	0.13mi
120 Eric Chedville Ln Buras-Triumph, LA	3.0	1.0	880	$1,000	$1.14	44d	1	0.14mi
34744 Highway 11 Unit C Buras, LA	3.0	1.0	980	$1,000	$1.02	44d	1	0.27mi
34684 Hwy 11 Buras-Triumph, LA	3.0	1.0	840	$1,400	$1.67	44d	1	0.41mi
34557 Highway 11 Buras, LA	3.0	1.0	880	$875	$0.99	44d	1	0.67mi
136 Orange St Buras, LA	3.0	1.0	840	$1,000	$1.19	44d	1	1.47mi

Listing history 22 events

1. 2026-06-18
   days on market $150,000 Active 313 DOM
2. 2026-06-17
   days on market $150,000 Active 312 DOM
3. 2026-06-16
   days on market $150,000 Active 311 DOM
4. 2026-06-15
   days on market $150,000 Active 310 DOM
5. 2026-06-13
   days on market $150,000 Active 308 DOM
6. 2026-06-13
   days on market $150,000 Active 307 DOM
7. 2026-06-10
   days on market $150,000 Active 305 DOM
8. 2026-06-09
   days on market $150,000 Active 304 DOM
9. 2026-06-08
   days on market $150,000 Active 303 DOM
10. 2026-06-07
    days on market $150,000 Active 302 DOM
11. 2026-06-03
    days on market $150,000 Active 298 DOM
12. 2026-06-02
    days on market $150,000 Active 297 DOM
13. 2026-06-01
    days on market $150,000 Active 296 DOM
14. 2026-05-31
    days on market $150,000 Active 295 DOM
15. 2026-03-18
    price $150,000 846-char remark

    Show marketing remark (852 chars)

    DONT MISS THIS UNIQUE INVESTMENT OPPORTUNITY IN BURAS. Located just 27 miles south of the LNG Company, this well-maintained property offers both comfort and excellent income potential. The upstairs residence is approximately 1,430 sq. ft. . featuring 3 bedrooms and 2 bathrooms for an owner-occupant or manager quarters. The downstairs area spans approximately1,644 sq. ft. of living space and is current used as lodging It includes a screened kitchen and a spacious living room 4 bunk rooms (each with 4 bunk beds (bunk beds not included in sale) two bathrooms, laundry room, ample storage space and a fish cleaning station for hosting fishing trips or work housing. Please note: the rooms downstairs do not have closets. Some documents may list the property as Mark Lane. Buyer is encouraged for obtaining a land survey during inspection period.

16. 2026-03-18
    price $150,000 852-char remark

    Show marketing remark (852 chars)

    DONT MISS THIS UNIQUE INVESTMENT OPPORTUNITY IN BURAS. Located just 27 miles south of the LNG Company, this well-maintained property offers both comfort and excellent income potential. The upstairs residence is approximately 1,430 sq. ft. . featuring 3 bedrooms and 2 bathrooms for an owner-occupant or manager quarters. The downstairs area spans approximately1,644 sq. ft. of living space and is current used as lodging It includes a screened kitchen and a spacious living room 4 bunk rooms (each with 4 bunk beds (bunk beds not included in sale) two bathrooms, laundry room, ample storage space and a fish cleaning station for hosting fishing trips or work housing. Please note: the rooms downstairs do not have closets. Some documents may list the property as Mark Lane. Buyer is encouraged for obtaining a land survey during inspection period.

17. 2025-08-09
    listed $199,000 Active 846-char remark

    Show marketing remark (852 chars)

    DONT MISS THIS UNIQUE INVESTMENT OPPORTUNITY IN BURAS. Located just 27 miles south of the LNG Company, this well-maintained property offers both comfort and excellent income potential. The upstairs residence is approximately 1,430 sq. ft. . featuring 3 bedrooms and 2 bathrooms for an owner-occupant or manager quarters. The downstairs area spans approximately1,644 sq. ft. of living space and is current used as lodging It includes a screened kitchen and a spacious living room 4 bunk rooms (each with 4 bunk beds (bunk beds not included in sale) two bathrooms, laundry room, ample storage space and a fish cleaning station for hosting fishing trips or work housing. Please note: the rooms downstairs do not have closets. Some documents may list the property as Mark Lane. Buyer is encouraged for obtaining a land survey during inspection period.

18. 2025-08-09
    listed $199,000 Active 852-char remark

    Show marketing remark (852 chars)

    DONT MISS THIS UNIQUE INVESTMENT OPPORTUNITY IN BURAS. Located just 27 miles south of the LNG Company, this well-maintained property offers both comfort and excellent income potential. The upstairs residence is approximately 1,430 sq. ft. . featuring 3 bedrooms and 2 bathrooms for an owner-occupant or manager quarters. The downstairs area spans approximately1,644 sq. ft. of living space and is current used as lodging It includes a screened kitchen and a spacious living room 4 bunk rooms (each with 4 bunk beds (bunk beds not included in sale) two bathrooms, laundry room, ample storage space and a fish cleaning station for hosting fishing trips or work housing. Please note: the rooms downstairs do not have closets. Some documents may list the property as Mark Lane. Buyer is encouraged for obtaining a land survey during inspection period.

19. 2024-10-15
    price $199,000
20. 2024-06-11
    price $220,000
21. 2024-03-30
    listed $199,000 Active
22. 2017-08-30
    listed $45,000

ⓘ 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: $554 · $46/mo
• Projected year-2 tax: $825 · $69/mo
• Expected delta: +$271/yr (+$23/mo · 48.8%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 79% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $12,401
• − Mortgage interest: −$8,402
• − Property taxes: −$554
• − Insurance: −$5,868
• − Repairs & maintenance: −$992
• − Management: −$992
• − Depreciation: −$4,364
• Taxable loss: −$8,772
• Est. tax savings @ 24.0%: +$2,105
• After-tax cash flow: $-3,960/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)

No district data.

Livability — Buras

• Score: 52/100
• State rank: #409
• US rank: #24935

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Buras, LA
• Population (ZIP): 2,092

Population outlook (Plaquemines County) Hauer SSP2

• Today (2025): 24,526 people
• By 2030: 24,843 · +1.3%
• By 2040: 25,441 · +3.7%
• By 2050: 26,074 · +6.3%
• By 2075: 28,300 · +15.4%
• By 2100: 30,195 · +23.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 57% Asian 19% Black 15% Two or more races 6% Native American 1%
• Common ancestry: Lithuanian 25% American 1%
• Foreign-born: 16% · Vietnam, Canada
• Languages at home: 82% English-only · Vietnamese 9% Other Asian/Pacific 8% French/Haitian/Cajun 1%

Political lean MEDSL · Plaquemines

• 2024 margin: Solid R (+38.0) · D 30.4% · R 68.4% · Other 1.2%
• 2008→2024 swing: -4.4pp toward R · 2008: -33.6pp · 2024: -38.0pp
• All cycles: 2024: R+38.0 2020: R+36.3 2016: R+33.6 2012: R+28.1 2008: R+33.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.29%
• Current HPI: 58.8381
• 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

+233.3% since first listed

8 events — show timeline

• 2026-03-18 Price Changed $150,000 AcadianaMLS
• 2026-03-18 Price Changed $150,000 GSREIN
• 2025-08-09 Listed $199,000 GSREIN
• 2025-08-09 Listed $199,000 AcadianaMLS
• 2024-10-15 Price Changed $199,000 GSREIN
• 2024-06-11 Price Changed $220,000 GSREIN
• 2024-03-30 Listed $199,000 AcadianaMLS
• 2017-08-30 Listed $45,000 AcadianaMLS

Property tax history

+4.6%/yr

Latest (2025): $554 · -4.6% YoY. Source: county tax records.