105 Clay St · Franklin, LA 70538

$142,000

4 bd · 2.5 ba · 2,212 sqft · SingleFamily · 85 Days on market

6,098 sqft lot $64/sqft · 34% above area Est $106k · 34% over

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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
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Appreciation +6.3/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Great family home featuring 4 large bedrooms with plenty of closet space, 2 1/2 bathrooms - 1 with a large walk-in shower. Some original wood flooring , den with wet bar, large kitchen and dining room. A must see!

Key facts

• 6,098 sq ft lot
• Parking
• Listed 85 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $722 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $142k).
• Recommended offer: $133k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 6.2% in Franklin — 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 67/100 on livability (#107 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime F, amenities F, commute F.
• St. Mary Parish (town): math 28% / reading 39% proficiency, ranked #37 of 98 in LA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 92 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 37 units permitted in St. Mary Parish in 2024 (20 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($982 loan paydown + $4k appreciation (2.6% local appreciation)).
• St. Mary County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.6% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($133k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $133,480 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.41% ✓
• Cap rate: 12.39%
• Cash-on-cash: 21.78%
• DSCR: 1.97
• GRM: 5.9

CMA / ARV

• ARV (median comp): $105,867
• List price: $142,000
• Delta: 34.13%
• 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
307 Adams St	0.24mi	3/2.0 (-1)	2,312 (+4%)	5mo	$140,000	$61	70
900 Iberia St	0.24mi	3/2.5 (-1)	2,320 (+5%)	14mo	$35,000	$15	64
213 Clark St	0.71mi	3/2.0 (-1)	2,191 (-1%)	9mo	$130,000	$59	50
107 Bayouview Dr	0.50mi	3/1.5 (-1)	2,123 (-4%)	15mo	$80,000	$38	48
404 Ida St	0.59mi	3/2.0 (-1)	2,100 (-5%)	19mo	$119,000	$57	42
200 Sterling Rd	0.59mi	4/3.0	1,902 (-14%)	24mo	$45,000	$24	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.1%
• Equity multiple: 2.50×
• Total profit: $59,708
• Equity at exit: $60,325

10-year hold

• IRR: 28.1%
• Equity multiple: 4.83×
• Total profit: $152,298
• Equity at exit: $90,315

Cash invested: $39,760 (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 70538

• Home prices YoY: 3.2%
• Active inventory: 92
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$745
• Tax from tax record: −$55 /mo · $654/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $722

Break-even live

Break-even rent $1,087

Max offer price $142,000

Occupancy floor 59%

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 Morris St Franklin, LA	4.0	2.5	2920	$2,000	$0.68	21d	1	0.59mi
208 Morris St Franklin, LA	4.0	3.0	2920	$2,000	$0.68	44d	1	0.59mi

Listing history 16 events

1. 2026-06-18
   days on market $142,000 Active 85 DOM
2. 2026-06-17
   days on market $142,000 Active 84 DOM
3. 2026-06-16
   days on market $142,000 Active 83 DOM
4. 2026-06-15
   days on market $142,000 Active 82 DOM
5. 2026-06-13
   days on market $142,000 Active 80 DOM
6. 2026-06-12
   days on market $142,000 Active 79 DOM
7. 2026-06-09
   days on market $142,000 Active 76 DOM
8. 2026-06-08
   days on market $142,000 Active 75 DOM
9. 2026-06-07
   days on market $142,000 Active 74 DOM
10. 2026-06-07
    days on market $142,000 Active 73 DOM
11. 2026-06-04
    days on market $142,000 Active 70 DOM
12. 2026-06-02
    days on market $142,000 Active 69 DOM
13. 2026-06-01
    days on market $142,000 Active 68 DOM
14. 2026-05-31
    days on market $142,000 Active 67 DOM
15. 2026-05-31
    days on market $142,000 Active 66 DOM
16. 2026-03-23
    listed $142,000 Active 215-char remark

    Show marketing remark (215 chars)

    Great family home featuring 4 large bedrooms with plenty of closet space, 2 1/2 bathrooms - 1 with a large walk-in shower. Some original wood flooring , den with wet bar, large kitchen and dining room. A must see!

ⓘ 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: $654 · $55/mo
• Projected year-2 tax: $781 · $65/mo
• Expected delta: +$127/yr (+$11/mo · 19.3%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 14% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 23 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: $24,000
• − Mortgage interest: −$7,954
• − Property taxes: −$654
• − Insurance: −$710
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$4,131
• Taxable income: $6,710
• Est. tax owed @ 24.0%: −$1,610
• After-tax cash flow: $7,049/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. Mary Parish
• NCES district ID: 2201620
• Math proficiency: 28% ▼ -40.00%
• Reading proficiency: 39% ▼ -33.00%
• Median HH income: $39,843
• Composite: 28.1/100
• National rank: #6828
• State rank: #37 of 98 in LA

Livability — Franklin

• Score: 67/100
• State rank: #107
• US rank: #10368

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklin, LA
• Population (ZIP): 12,561

Population outlook (St. Mary County) Hauer SSP2

• Today (2025): 49,510 people
• By 2030: 47,570 · -3.9%
• By 2040: 43,880 · -11.4%
• By 2050: 40,655 · -17.9%
• By 2075: 37,190 · -24.9%
• By 2100: 38,101 · -23.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 48% Black 41% Two or more races 7% Hispanic / Latino 5% Native American 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 8% Italian 1%
• Foreign-born: 1% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 1% Vietnamese 1%

Political lean MEDSL · St. Mary

• 2024 margin: Solid R (+31.9) · D 33.5% · R 65.4% · Other 1.0%
• 2008→2024 swing: -15.1pp toward R · 2008: -16.8pp · 2024: -31.9pp
• All cycles: 2024: R+31.9 2020: R+29.1 2016: R+27.6 2012: R+18.8 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.56%
• Current HPI: 82.9321
• 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

1 event — show timeline

• 2026-03-23 Listed $142,000 AcadianaMLS

Property tax history

+0.5%/yr

Latest (2025): $654 · +0.0% YoY. Source: county tax records.