214 Fairhope Dr · Sterlington, LA 71203

$204,000

3 bd · 2.0 ba · 1,766 sqft · SingleFamily public records · 99 Days on market

Built 2020 8,720 sqft lot $116/sqft · 33% below area Est $318k · 36% under ↓ 22% since listing

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +12.9/30.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.5/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

Key facts

• 8,720 sq ft lot
• Garage
• Built 2020

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $204k.

Deal economics

• At list price, monthly cash flow is $-14 ($-167/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (1.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (12.8% below list).
• Recommended offer: $178k (12.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#60 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: health & safety D, amenities F, commute F.
• Ouachita Parish (suburban): math 31% / reading 45% proficiency, ranked #26 of 98 in LA (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 437 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($52k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $57k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $177,857 (12.8% 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 99 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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. 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?
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: 0.87% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.29%
• DSCR: 0.99
• GRM: 9.6

CMA / ARV

• ARV (median comp): $318,349
• List price: $204,000
• Delta: -35.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
207 Lynnhaven St	0.04mi	3/2.0	1,618 (-8%)	10mo	$236,000	$146	76
107 Vieux Carre	0.34mi	3/2.0	1,800 (+2%)	8mo	$315,000	$175	74
301 Southern Grove Rd	0.18mi	3/2.0	1,926 (+9%)	10mo	$280,000	$145	68
304 Southern Grove Rd	0.16mi	3/2.0	2,020 (+14%)	4mo	$289,000	$143	65
123 Vieux Carre Pl	0.41mi	3/2.0	1,675 (-5%)	12mo	$325,000	$194	62
121 Vieux Carre	0.40mi	3/2.0	1,680 (-5%)	13mo	$325,000	$193	62
125 Blue Sky Dr	0.33mi	3/2.0	1,936 (+10%)	14mo	$325,000	$168	57
211 Barker Dr	0.63mi	4/2.0 (+1)	1,838 (+4%)	2mo	$290,000	$158	57
202 Thatcher Ln	0.68mi	4/2.0 (+1)	1,863 (+6%)	3mo	$305,000	$164	52
212 Hoover Dr	0.65mi	4/2.0 (+1)	1,706 (-3%)	10mo	$270,000	$158	51
207 Winkler Way	0.60mi	3/2.0	1,967 (+11%)	4mo	$305,000	$155	50
302 Winkler Way	0.47mi	4/2.5 (+1)	1,968 (+11%)	13mo	$322,900	$164	41

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: -16.8%
• Equity multiple: 0.41×
• Total profit: $-33,911
• Equity at exit: $30,417

10-year hold

• IRR: -8.6%
• Equity multiple: 0.47×
• Total profit: $-30,538
• Equity at exit: $17,638

Cash invested: $57,120 (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 71203

• Home prices YoY: -32.4%
• Active inventory: 437
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,779 medium
• Mortgage (P&I): −$1,070
• Tax from tax record: −$264 /mo · $3,170/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-14

Break-even live

Break-even rent $1,796

Max offer price $201,541

Occupancy floor 96%

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: $51,000
• Closing costs: $6,120
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Lynnhaven St Monroe, LA	3.0	2.0	1710	$2,500	$1.46	43d	1	0.07mi

Listing history 10 events

1. 2026-05-15
   price $204,000 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

2. 2026-05-15
   price $204,000 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

3. 2026-04-23
   status Active 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

4. 2026-04-23
   status Active 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

5. 2026-04-14
   status Pending 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

6. 2026-04-14
   status Pending 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

7. 2026-03-26
   price $251,000 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

8. 2026-03-26
   price $251,000 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

9. 2026-02-09
   listed $261,000 Active 76-char remark

   Show marketing remark (76 chars)

   3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

10. 2026-02-09
    listed $261,000 Active 76-char remark

    Show marketing remark (76 chars)

    3 bedroom 2 bath home is ready for you to move convenient to downtown Monroe

ⓘ 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: $3,170 · $264/mo
• Projected year-2 tax: $3,170 · $264/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $21,343
• − Mortgage interest: −$11,427
• − Property taxes: −$3,170
• − Insurance: −$1,020
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$5,935
• Taxable loss: −$3,624
• Est. tax savings @ 24.0%: +$870
• After-tax cash flow: $703/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: Ouachita Parish
• NCES district ID: 2201200
• Math proficiency: 31% ▼ -38.00%
• Reading proficiency: 45% ▼ -31.00%
• Median HH income: $43,316
• Composite: 32.14/100
• National rank: #5791
• State rank: #26 of 98 in LA

Livability — Sterlington

• Score: 70/100
• State rank: #60
• US rank: #7741

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ouachita Parish · 118,340 people
• Metro: Monroe, LA
• Population (ZIP): 38,354
• Household income: $52,326
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 2085.0

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 48% White 45% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 3% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.01%
• Current HPI: 206.1948
• Rent YoY: —
• Metro: Monroe, 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

-21.8% since first listed

10 events — show timeline

• 2026-05-15 Price Changed $204,000 AcadianaMLS
• 2026-05-15 Price Changed $204,000 GSREIN
• 2026-04-23 Relisted — AcadianaMLS
• 2026-04-23 Relisted — GSREIN
• 2026-04-14 Pending — AcadianaMLS
• 2026-04-14 Pending — GSREIN
• 2026-03-26 Price Changed $251,000 AcadianaMLS
• 2026-03-26 Price Changed $251,000 GSREIN
• 2026-02-09 Listed $261,000 GSREIN
• 2026-02-09 Listed $261,000 AcadianaMLS

Property tax history

+176.1%/yr

Latest (2025): $3,170 · -0.7% YoY. Source: county tax records.