35684 Co Co Rd · St. Gabriel, LA 70734

$65,000

3 bd · 1.0 ba · 905 sqft · SingleFamily · 138 Days on market

Built 1960 Fair condition 6,098 sqft lot $72/sqft · 59% below area ↓ 13% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

Key facts

• Eat-in area
• Tenant occupied
• Spacious kitchen

Tags

• INVESTMENT PROPERTY
• TENANT OCCUPIED
• SPACIOUS KITCHEN
• EAT-IN AREA
• FUNCTIONAL LAYOUT
• ESTABLISHED STRUCTURE

🏷️ Possibly a rental listed for sale. The $65,000 price doesn't fit this home's estimated sale value (~$159,381) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 4.0% in St. Gabriel — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Ascension Parish (suburban): math 48% / reading 58% proficiency, ranked #7 of 98 in LA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 136 active listings in the ZIP; 579 units permitted in Ascension Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ascension County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.77% ✓
• Cap rate: 14.80%
• Cash-on-cash: 30.39%
• DSCR: 2.35
• GRM: 4.7

CMA / ARV

• ARV (median comp): $159,381
• List price: $65,000
• Delta: -59.22%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35620 Co Co Rd	0.12mi	2/1.0 (-1)	865 (-4%)	4mo	$45,000	$52	78

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: 25.1%
• Equity multiple: 2.04×
• Total profit: $18,845
• Equity at exit: $9,692

10-year hold

• IRR: 32.8%
• Equity multiple: 3.98×
• Total profit: $54,286
• Equity at exit: $5,620

Cash invested: $18,200 (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 70734

• Home prices YoY: -21.6%
• Active inventory: 136
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,152 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $461

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 55%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-17
   status Pending 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

2. 2026-05-17
   status Pending 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

3. 2026-05-10
   price $65,000 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

4. 2026-05-10
   price $65,000 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

5. 2025-12-29
   listed $75,000 Active 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

6. 2025-12-29
   listed $75,000 Active 265-char remark

   Show marketing remark (265 chars)

   Great investment property! Tenant occupied older 3 bedroom 1 bath home with steady rental or flip potential. Spacious kitchen with eat-in area. Functional layout, established structure, and opportunity for cosmetic updates. Currently receiving $800 in monthly rent.

ⓘ 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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,826
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,106
• − Management: −$1,106
• − Depreciation: −$1,891
• Taxable income: $4,782
• Est. tax owed @ 24.0%: −$1,148
• After-tax cash flow: $4,384/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 · 5 photos

Fair 45/100 Moderate rehab

This single-family home requires moderate renovations to improve its condition and appeal to buyers and renters. Key areas for improvement include updating the kitchen, repairing the bathroom, and enhancing the overall curb appeal.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Major bathroom ceiling — visible mold growth
• Minor kitchen appliances — outdated and possibly inefficient

Value-add opportunities

• Both update kitchen cabinets and appliances — enhances both resale and rental value
• Both repair and repaint interior walls — improves both resale and rental value
• Both replace bathroom ceiling and fixtures — significantly improves both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom ceiling · visible mold growth	Major	$15,000–50,000
kitchen appliances · outdated and possibly inefficient	Minor	$500–3,000
Total estimated repair cost · 3 items		$18,500–68,000

Value-add ROI direction

• Both update kitchen cabinets and appliances — enhances both resale and rental value ↑
• Both repair and repaint interior walls — improves both resale and rental value ↑
• Both replace bathroom ceiling and fixtures — significantly improves both resale and rental value ↑

ⓘ 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: Ascension Parish
• NCES district ID: 2200090
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 58% ▼ -25.00%
• Median HH income: $68,423
• Composite: 47.0/100
• National rank: #2347
• State rank: #7 of 98 in LA

Livability — St. Gabriel

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 6,672
• Population (ZIP): 9,880

Population outlook (Ascension County) Hauer SSP2

• Today (2025): 145,480 people
• By 2030: 158,329 · +8.8%
• By 2040: 183,741 · +26.3%
• By 2050: 207,615 · +42.7%
• By 2075: 260,244 · +78.9%
• By 2100: 289,576 · +99.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 21% Black 17% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 4% Italian 2% Serbian 2%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Ascension

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.1% · Other 1.7%
• 2008→2024 swing: +1.7pp toward D · 2008: -35.7pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+32.5 2016: R+36.0 2012: R+34.3 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.70%
• Current HPI: 148.0987
• 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

-13.3% since first listed

6 events — show timeline

• 2026-05-17 Pending — AcadianaMLS
• 2026-05-17 Pending — GBRMLS
• 2026-05-10 Price Changed $65,000 AcadianaMLS
• 2026-05-10 Price Changed $65,000 GBRMLS
• 2025-12-29 Listed $75,000 GBRMLS
• 2025-12-29 Listed $75,000 AcadianaMLS