788 Joshua Ryan St · Carlyss, LA 70665

$155,000

3 bd · 2.0 ba · 1,792 sqft · Manufactured · 174 Days on market

Built 2000 0.53 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

Key facts

• Large backyard
• Prime location
• 0.53 acre lot

Tags

• LARGE BACKYARD
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.3% vs local median 8.3% in Carlyss — 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 61/100 on livability (#237 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools F, crime D-, amenities F.
• 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: 236 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 + 3.0% rent growth), your $43k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $16k; list at $155k implies a 839% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major 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 $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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?
6. 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.
7. 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.
8. 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: 2.02% ✓
• Cap rate: 18.27%
• Cash-on-cash: 42.77%
• DSCR: 2.90
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 39.5%
• Equity multiple: 2.69×
• Total profit: $73,357
• Equity at exit: $23,111

10-year hold

• IRR: 45.9%
• Equity multiple: 5.39×
• Total profit: $190,557
• Equity at exit: $13,402

Cash invested: $43,400 (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 70665

• Active inventory: 236
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $3,127 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$46 /mo · $557/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$657
• Net cashflow: $1,547

Break-even live

Break-even rent $1,169

Max offer price $155,000

Occupancy floor 46%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1141 Mosswood Dr Sulphur, LA	2.0–3.0	2.0–3.5	1332	$2,195	$1.65	43d	1	1.13mi
293 Sawyer Dr Sulphur, LA	4.0	2.0	2079	$4,400	$2.12	43d	1	1.14mi
1000 E Carlyss Blvd Sulphur, LA	1.0–3.0	1.0–2.0	966	$2,296	$2.38	13d	10	1.28mi

Listing history 12 events

1. 2026-02-24
   status Pending

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

2. 2026-02-24
   status Pending 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

3. 2026-01-23
   price $155,000

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

4. 2026-01-23
   price $155,000 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

5. 2026-01-23
   price $155,000

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

6. 2025-10-25
   status Active 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

7. 2025-10-25
   historical 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

8. 2025-10-24
   status Active 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

9. 2025-10-16
   status Pending 567-char remark

   Show marketing remark (567 chars)

   Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

10. 2025-08-26
    listed $160,000 Active

    Show marketing remark (567 chars)

    Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

11. 2025-08-26
    listed $160,000 Active 567-char remark

    Show marketing remark (567 chars)

    Spacious 3-Bedroom, 2-Bath Manufactured Home in the Heart of Sulphur, LA! This well-maintained home features a comfortable and functional layout, with an abundance of natural light and ample room to grow. Featuring a generous living space, a large backyard perfect for entertaining or relaxing, and a prime location just minutes from local schools, shopping, dining, and more — convenience truly meets comfort here. Whether you're a first-time homebuyer, downsizing, or looking for an affordable investment, this property is move-in ready and full of potential!

12. 2000-06-23
    soldstatus $16,500

ⓘ 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: $557 · $46/mo
• Projected year-2 tax: $852 · $71/mo
• Expected delta: +$295/yr (+$25/mo · 53.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 69% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $37,529
• − Mortgage interest: −$8,682
• − Property taxes: −$557
• − Insurance: −$775
• − Repairs & maintenance: −$3,002
• − Management: −$3,002
• − Depreciation: −$4,509
• Taxable income: $17,001
• Est. tax owed @ 24.0%: −$4,080
• After-tax cash flow: $14,481/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: 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 — Carlyss

• Score: 61/100
• State rank: #237
• US rank: #18031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carlyss, LA
• Population (ZIP): 12,891

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: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 8% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -91.65%
• Current HPI: 99.2379
• 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

+839.4% since first listed

12 events — show timeline

• 2026-02-24 Pending — AcadianaMLS
• 2026-02-24 Pending — SWLAR
• 2026-01-23 Price Changed $155,000 AcadianaMLS
• 2026-01-23 Price Changed $155,000 SWLAR
• 2026-01-23 Price Changed $155,000 GFPAR
• 2025-10-25 Relisted — SWLAR
• 2025-10-25 Delisted — SWLAR
• 2025-10-24 Relisted — SWLAR
• 2025-10-16 Pending — SWLAR
• 2025-08-26 Listed $160,000 SWLAR
• 2025-08-26 Listed $160,000 AcadianaMLS
• 2000-06-23 Sold (Public Records) $16,500 Public Records

Property tax history

-0.4%/yr

Latest (2025): $557 · +1.2% YoY. Source: county tax records.