1017 Webb St · Franklinton, LA 70438

$145,000

3 bd · 1.0 ba · 985 sqft · SingleFamily · 101 Days on market

Built 2009 10,720 sqft lot $147/sqft · at area comps Est $150k · at est. ↓ 14% since listing

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Why this score? — see what drove the C- 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 +22.0/30.0
• ARV discount +8.9/15.0
• DSCR +7.0/10.0
• 1% rule +4.7/10.0
• Livability +3.5/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cozy cottage is resting on a quiet, tree shaded, corner lot inside the city limits of Franklinton. It features a flowing floorplan with 3 bedrooms, spacious living area, along with a quaint kitchen that comes complete with a range/oven, refrigerator, dishwasher, and built in microwave. To add to your enjoyment there is is 20X11 back porch and a bonus storage shed.

Key facts

• Storage shed
• Back porch
• Corner lot

Tags

• CORNER LOT
• BACK PORCH
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (3.4% below list).
• Recommended offer: $132k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 5.5% in Franklinton — 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 69/100 on livability (#67 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Washington Parish (rural): math 27% / reading 41% proficiency, ranked #38 of 98 in LA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Franklinton Primary School (math 22% / reading 32%, grade F, #359 of 646 statewide, top 57%, 664 students, 56% FRL); Franklinton Junior High School (math 27% / reading 46%, grade F, #82 of 218 statewide, top 38%, 362 students, 59% FRL); Franklinton High School (math 27% / reading 42%, grade F, #106 of 265 statewide, top 43%, 732 students, 56% FRL) — zoned schools average 57% FRL vs 77% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 245 active listings in the ZIP; 10 units permitted in Washington Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% 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. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 8.20%
• Cash-on-cash: 6.81%
• DSCR: 1.30
• GRM: 8.6

CMA / ARV

• ARV (median comp): $149,782
• List price: $145,000
• Delta: -3.19%
• Verdict: FAIR
• Comps: 9 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1009 Webb St	0.04mi	3/1.0	1,000 (+2%)	7mo	$125,000	$125	90
1013 Marshall St	0.09mi	2/1.0 (-1)	1,040 (+6%)	6mo	$162,000	$156	76
1007 Crystal Dr	0.04mi	3/2.0	1,046 (+6%)	13mo	$193,000	$185	73

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-8,888
• Equity at exit: $21,620

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $10,916
• Equity at exit: $12,537

Cash invested: $40,600 (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 70438

• Home prices YoY: -14.2%
• Active inventory: 245
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,401 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$56 /mo · $668/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $230

Break-even live

Break-even rent $1,109

Max offer price $145,000

Occupancy floor 79%

Sensitivity live

Price	-10% $312	-5% $271	+0% $230	+5% $189	+10% $148
Rent	-10% $120	-5% $175	+0% $230	+5% $286	+10% $341
Rate	-1.0pp $303	-0.5pp $267	base $230	+0.5pp $193	+1.0pp $154

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-07
   statusdays on market $145,000 Pending 101 DOM
2. 2026-06-03
   days on market $145,000 Active 98 DOM
3. 2026-06-02
   days on market $145,000 Active 97 DOM
4. 2026-06-01
   days on market $145,000 Active 96 DOM
5. 2026-05-31
   days on market $145,000 Active 95 DOM
6. 2026-02-24
   listed $145,000 Active 371-char remark

   Show marketing remark (371 chars)

   This cozy cottage is resting on a quiet, tree shaded, corner lot inside the city limits of Franklinton. It features a flowing floorplan with 3 bedrooms, spacious living area, along with a quaint kitchen that comes complete with a range/oven, refrigerator, dishwasher, and built in microwave. To add to your enjoyment there is is 20X11 back porch and a bonus storage shed.

7. 2026-02-24
   listed $145,000 Active 371-char remark

   Show marketing remark (371 chars)

   This cozy cottage is resting on a quiet, tree shaded, corner lot inside the city limits of Franklinton. It features a flowing floorplan with 3 bedrooms, spacious living area, along with a quaint kitchen that comes complete with a range/oven, refrigerator, dishwasher, and built in microwave. To add to your enjoyment there is is 20X11 back porch and a bonus storage shed.

8. 2026-01-21
   price $145,000
9. 2026-01-21
   price $145,000
10. 2025-11-29
    price $159,900
11. 2025-11-06
    price $159,900
12. 2025-10-02
    price $162,000
13. 2025-10-02
    price $162,000
14. 2025-08-18
    listed $168,500 Active

ⓘ 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: $668 · $56/mo
• Projected year-2 tax: $798 · $66/mo
• Expected delta: +$130/yr (+$11/mo · 19.4%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 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: $16,811
• − Mortgage interest: −$8,122
• − Property taxes: −$668
• − Insurance: −$725
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$4,218
• Taxable income: $388
• Est. tax owed @ 24.0%: −$93
• After-tax cash flow: $2,670/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: Washington Parish
• NCES district ID: 2201860
• Math proficiency: 27% ▼ -34.00%
• Reading proficiency: 41% ▼ -29.00%
• Median HH income: $34,972
• Composite: 28.03/100
• National rank: #6844
• State rank: #38 of 98 in LA

Livability — Franklinton

• Score: 69/100
• State rank: #67
• US rank: #8352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklinton, LA
• Population (ZIP): 19,935

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 22% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Slovak 2% German 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.73%
• Current HPI: 191.4762
• 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

-13.9% since first listed

9 events — show timeline

• 2026-02-24 Listed $145,000 GSREIN
• 2026-02-24 Listed $145,000 AcadianaMLS
• 2026-01-21 Price Changed $145,000 AcadianaMLS
• 2026-01-21 Price Changed $145,000 GSREIN
• 2025-11-29 Price Changed $159,900 AcadianaMLS
• 2025-11-06 Price Changed $159,900 GSREIN
• 2025-10-02 Price Changed $162,000 AcadianaMLS
• 2025-10-02 Price Changed $162,000 GSREIN
• 2025-08-18 Listed $168,500 AcadianaMLS

Property tax history

-1.7%/yr

Latest (2025): $668 · +0.4% YoY. Source: county tax records.