1818 4th St Unit -1820 · Lake Charles, LA 70601

$95,000

4 bd · 4.0 ba · 1,530 sqft · MultiFamily · 318 Days on market

Built 1970 Good condition 0.27 ac lot $62/sqft · 22% below area Est $122k · 22% under ↓ 3% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

LOOKING FOR A GREAT DEAL ON A DUPLEX THATS READY FOR NEW RENTERS? Great opportunity to purchase a fully renovated duplex. Whether you're an investor looking for a profitable rental property or a first-time homebuyer looking for a place to call your own, this duplex is sure to impress. With its modern updates and convenient location, it's the perfect place to call home. This duplex has been updated with new roof, new interior and exterior paint and was totally rewired and has updated Pex plumbing and newer hot water heaters. Both units are 1 bedroom, 1 bath and feature a spacious floorplan with large living room, private bedroom with good size closet and nice kitchen with appliances and also has washer and dryer hookups in each unit. Window units are used to heat and cool units but there is also gas wall furnaces for heat also. Rental income averages $1300-$1400 per month. Located in flood zone A. Seller does not carry flood insurance but a flood quote for $2271/year is attached in MLS. The electric and water are both on separate meters and all bills were paid by the tenants. This is a great deal and would make the perfect investment property. Priced to sell!!

Key facts

• Updated pex plumbing
• Spacious floorplan
• Totally rewired

Tags

• FULLY RENOVATED DUPLEX
• NEW ROOF
• TOTALLY REWIRED
• UPDATED PEX PLUMBING
• NEWER HOT WATER HEATERS
• SPACIOUS FLOORPLAN

🏷️ Possibly a rental listed for sale. The $95,000 price doesn't fit this home's estimated sale value (~$122,355) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 1-bed/1-bath units multifamily listed at $95k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $579 ($7k/yr) — positive. Per door: $290/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 4.3% in Lake Charles — 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 (#95 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 363 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• This rent runs 41% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 318 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (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 $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 318 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.81% ✓
• Cap rate: 15.19%
• Cash-on-cash: 31.79%
• DSCR: 2.41
• GRM: 4.6

CMA / ARV

• ARV (median comp): $122,355
• List price: $95,000
• Delta: -22.36%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.18% rent growth · sell at horizon

5-year hold

• IRR: 23.8%
• Equity multiple: 2.03×
• Total profit: $27,302
• Equity at exit: $14,165

10-year hold

• IRR: 33.9%
• Equity multiple: 4.63×
• Total profit: $96,632
• Equity at exit: $8,214

Cash invested: $26,600 (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 70601

• Rents YoY: 6.2%
• Active inventory: 363
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,723 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $579

Break-even live

Break-even rent $990

Max offer price $95,000

Occupancy floor 61%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$1,722
Total (2 units)			$1,723

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2002 13th St Lake Charles, LA	4.0	2.0	1560	$1,700	$1.09	21d	1	0.83mi
1710 Granger St Lake Charles, LA	3.0	2.5	1450	$1,900	$1.31	44d	1	1.35mi
1735 Saint John St Lake Charles, LA	4.0	2.0	1500	$1,700	$1.13	44d	1	1.49mi

Listing history 18 events

1. 2026-06-19
   days on market $95,000 Active 318 DOM
2. 2026-06-18
   days on market $95,000 Active 317 DOM
3. 2026-06-17
   days on market $95,000 Active 316 DOM
4. 2026-06-16
   days on market $95,000 Active 315 DOM
5. 2026-06-15
   days on market $95,000 Active 314 DOM
6. 2026-06-14
   days on market $95,000 Active 312 DOM
7. 2026-06-13
   days on market $95,000 Active 311 DOM
8. 2026-06-10
   days on market $95,000 Active 309 DOM
9. 2026-06-09
   days on market $95,000 Active 308 DOM
10. 2026-06-08
    days on market $95,000 Active 307 DOM
11. 2026-06-07
    days on market $95,000 Active 306 DOM
12. 2026-06-05
    days on market $95,000 Active 303 DOM
13. 2026-06-02
    days on market $95,000 Active 301 DOM
14. 2026-06-01
    days on market $95,000 Active 300 DOM
15. 2026-05-31
    days on market $95,000 Active 299 DOM
16. 2026-05-30
    days on market $95,000 Active 298 DOM
17. 2025-11-06
    price $95,000 1177-char remark

    Show marketing remark (1177 chars)

    LOOKING FOR A GREAT DEAL ON A DUPLEX THATS READY FOR NEW RENTERS? Great opportunity to purchase a fully renovated duplex. Whether you're an investor looking for a profitable rental property or a first-time homebuyer looking for a place to call your own, this duplex is sure to impress. With its modern updates and convenient location, it's the perfect place to call home. This duplex has been updated with new roof, new interior and exterior paint and was totally rewired and has updated Pex plumbing and newer hot water heaters. Both units are 1 bedroom, 1 bath and feature a spacious floorplan with large living room, private bedroom with good size closet and nice kitchen with appliances and also has washer and dryer hookups in each unit. Window units are used to heat and cool units but there is also gas wall furnaces for heat also. Rental income averages $1300-$1400 per month. Located in flood zone A. Seller does not carry flood insurance but a flood quote for $2271/year is attached in MLS. The electric and water are both on separate meters and all bills were paid by the tenants. This is a great deal and would make the perfect investment property. Priced to sell!!

18. 2024-11-15
    listed $98,000 Active 1177-char remark

    Show marketing remark (1177 chars)

    LOOKING FOR A GREAT DEAL ON A DUPLEX THATS READY FOR NEW RENTERS? Great opportunity to purchase a fully renovated duplex. Whether you're an investor looking for a profitable rental property or a first-time homebuyer looking for a place to call your own, this duplex is sure to impress. With its modern updates and convenient location, it's the perfect place to call home. This duplex has been updated with new roof, new interior and exterior paint and was totally rewired and has updated Pex plumbing and newer hot water heaters. Both units are 1 bedroom, 1 bath and feature a spacious floorplan with large living room, private bedroom with good size closet and nice kitchen with appliances and also has washer and dryer hookups in each unit. Window units are used to heat and cool units but there is also gas wall furnaces for heat also. Rental income averages $1300-$1400 per month. Located in flood zone A. Seller does not carry flood insurance but a flood quote for $2271/year is attached in MLS. The electric and water are both on separate meters and all bills were paid by the tenants. This is a great deal and would make the perfect investment property. Priced to sell!!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $20,676
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$1,978
• − Repairs & maintenance: −$1,654
• − Management: −$1,654
• − Depreciation: −$2,764
• Taxable income: $5,880
• Est. tax owed @ 24.0%: −$1,411
• After-tax cash flow: $5,542/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.

Condition & rehab AI · 3 photos

Good 75/100 Cosmetic rehab

This fully renovated duplex is move-in ready with modern updates and a great location. Fresh paint and flooring updates would further enhance its value.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carpet with hardwood or tile — Hardwood or tile flooring is more durable and adds value
• Both Install smart home devices — Smart home devices improve convenience and add modern appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carpet with hardwood or tile — Hardwood or tile flooring is more durable and adds value ↑
• Both Install smart home devices — Smart home devices improve convenience and add modern appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Lake Charles

• Score: 68/100
• State rank: #95
• US rank: #9820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Charles, LA
• County: Calcasieu Parish · 170,889 people
• City population: 133,538
• Metro: Lake Charles, LA
• Population (ZIP): 30,872
• Household income: $49,992
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1304.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 59% White 31% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Lithuanian 7% Iranian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.32%
• Current HPI: 55.6127
• Rent YoY: ▲ 6.18%
• Metro: Lake Charles, LA
• 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

-3.1% since first listed

2 events — show timeline

• 2025-11-06 Price Changed $95,000 SWLAR
• 2024-11-15 Listed $98,000 SWLAR