6667 Martin Dr · Zachary, LA 70791

$274,900

4 bd · 2.0 ba · 2,300 sqft · SingleFamily public records · 12 Days on market

Built 1968 0.41 ac lot Est $304k · 9% under

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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 +21.7/30.0
• ARV discount +11.8/15.0
• DSCR +6.9/10.0
• Schools +4.7/10.0
• 1% rule +4.5/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in Fennwood Subdivision, this spacious 4 bedroom, 2 bath home offers multiple living areas, generously sized bedrooms, and a sizable backyard, along with several major updates already completed. With a roof less than 1 year old, an HVAC system less than 5 years old, and no carpet throughout the home, many of the larger improvements have already been taken care of. Inside, updated laminate wood flooring extends throughout the living areas and bedrooms, creating a cohesive look and easy maintenance. The home features both a living room and an oversized den, providing multiple gathering spaces for everyday living and entertaining. The dining room features a bay window, a stately corner brick fireplace, and an updated light fixture. The kitchen offers ample cabinet and counter space with a layout that provides a great foundation for future updates and personalization. Just off the kitchen, the spacious laundry and utility room offers additional cabinetry, countertop workspace, and extra storage. All four bedrooms are generously sized and offer comfortable accommodations for a variety of needs. Outside, the covered back patio overlooks the backyard and provides a comfortable space to relax, entertain, or enjoy outdoor activities. A covered carport provides convenient parking and connects to a spacious storage room. On the other side of the storage room is an outdoor bathroom with reclaimed wood finishes that add character to the space. With multiple living areas, recent updates, abundant storage, and plenty of outdoor space, this home offers flexibility and space both inside and out.

Key facts

• Oversized den
• Sizable backyard
• No carpet

Tags

• MULTIPLE LIVING AREAS
• SIZABLE BACKYARD
• ROOF LESS THAN 1 YEAR OLD
• NO CARPET
• UPDATED LAMINATE WOOD FLOORING
• OVERSIZED DEN

Property features AI

Exterior

• Parking: Carport; Driveway
• Utilities: Public water; Public sewer
• Home design: Single family residence (detached); Residential property
• Construction: Frame and brick construction; Slab foundation
• Exterior features: Covered patio/porch; Exterior lighting

Interior

• Flooring: Tile; Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Built-in features; Fireplace (1)
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $424 ($5k/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 $261k (4.9% below list).
• Recommended offer: $261k (4.9% below list) — sets the bar for 1% rule.
• Cap rate 8.1% vs local median 4.5% in Zachary — 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 (#64 in LA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living B+; Watch: crime C-, amenities F, commute F.
• Zachary Community School District (suburban): math 46% / reading 60% proficiency, ranked #8 of 98 in LA (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Rollins Place Elementary (847 students, 60% FRL); Northwestern Middle School (math 41% / reading 68%, grade B-, #17 of 218 statewide, top 8%, 912 students, 56% FRL); Zachary High School (math 56% / reading 68%, grade B-, #15 of 265 statewide, top 6%, 1,765 students, 53% FRL) — zoned schools average 56% FRL vs 38% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.2%/yr); 586 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 40% of the median local income ($78k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $20k (7%) 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 $261,373 (4.9% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.95% ✗
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $303,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5722 Fennwood Dr	0.58mi	4/3.0	2,268 (-1%)	2mo	$239,900	$106	65
2117 Clark Ave	0.58mi	4/2.0	2,453 (+7%)	3mo	$287,900	$117	60
2119 Clark Ave	0.57mi	4/2.0	2,095 (-9%)	2mo	$298,900	$143	57
2017 Clark Ave	0.66mi	4/2.0	2,453 (+7%)	4mo	$281,900	$115	55
2017 Clark Ave	0.66mi	4/2.0	2,453 (+7%)	4mo	$281,900	$115	55
2101 Clark Ave	0.62mi	4/3.0	2,453 (+7%)	2mo	$324,900	$132	54
2019 Clark Ave	0.65mi	4/3.0	2,453 (+7%)	3mo	$325,510	$133	52
2019 Clark Ave	0.65mi	4/3.0	2,453 (+7%)	3mo	$321,900	$131	52
2022 Clark Ave	0.66mi	4/3.0	2,453 (+7%)	3mo	$323,205	$132	52
2022 Clark Ave	0.66mi	4/3.0	2,453 (+7%)	3mo	$326,815	$133	52
2013 Clark Ave	0.67mi	4/3.0	2,484 (+8%)	5mo	$334,900	$135	47
2108 Clark Ave	0.61mi	5/3.0 (+1)	2,068 (-10%)	3mo	$303,900	$147	44

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 · 4.18% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-14,539
• Equity at exit: $40,988

10-year hold

• IRR: 5.8%
• Equity multiple: 1.45×
• Total profit: $34,800
• Equity at exit: $23,768

Cash invested: $76,972 (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 70791

• Home prices YoY: -21.6%
• Rents YoY: 4.2%
• Active inventory: 586
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,614 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$85 /mo · $1,020/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $424

Break-even live

Break-even rent $2,077

Max offer price $274,900

Occupancy floor 79%

Sensitivity live

Price	-10% $579	-5% $502	+0% $424	+5% $346	+10% $268
Rent	-10% $217	-5% $320	+0% $424	+5% $527	+10% $630
Rate	-1.0pp $562	-0.5pp $494	base $424	+0.5pp $352	+1.0pp $280

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2123 Westfield Ave Zachary, LA	4.0	2.0	2093	$2,295	$1.10	15d	1	0.57mi
2195 Ridgefield Ave Zachary, LA	4.0	2.0	1900	$1,900	$1.00	45d	1	0.59mi
2913 Country Lake Dr Zachary, LA	4.0	2.5	2405	$3,795	$1.58	45d	1	1.14mi
2913 Country Lake Dr Zachary, LA	4.0	2.5	2437	$3,695	$1.52	15d	1	1.14mi

Listing history 10 events

1. 2026-06-22
   days on market $274,900 Active 12 DOM
2. 2026-06-18
   price $274,900 Active 9 DOM
3. 2026-06-18
   days on market $294,900 Active 9 DOM
4. 2026-06-17
   days on market $294,900 Active 8 DOM
5. 2026-06-16
   days on market $294,900 Active 7 DOM
6. 2026-06-15
   days on market $294,900 Active 6 DOM
7. 2026-06-14
   days on market $294,900 Active 4 DOM
8. 2026-06-13
   days on market $294,900 Active 3 DOM
9. 2026-06-10
   remarks 699-char remark
10. 2026-06-10
    listed $294,900 Active 1 DOM

ⓘ 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: $1,020 · $85/mo
• Projected year-2 tax: $1,512 · $126/mo
• Expected delta: +$492/yr (+$41/mo · 48.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,365
• − Mortgage interest: −$15,399
• − Property taxes: −$1,020
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,509
• − Management: −$2,509
• − Depreciation: −$7,997
• Taxable income: $556
• Est. tax owed @ 24.0%: −$134
• After-tax cash flow: $4,951/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: Zachary Community School District
• NCES district ID: 2200039
• Math proficiency: 46% ▼ -38.00%
• Reading proficiency: 60% ▼ -28.00%
• Median HH income: $68,531
• Composite: 46.99/100
• National rank: #2349
• State rank: #8 of 98 in LA

Livability — Zachary

• Score: 69/100
• State rank: #64
• US rank: #8274

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zachary, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 17,433
• Metro: Baton Rouge, LA
• Population (ZIP): 30,385
• Household income: $78,263
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 718.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 53% Black 41% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 6% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% German/W. Germanic 1% French/Haitian/Cajun 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.01%
• Current HPI: 170.2143
• Rent YoY: ▲ 4.18%
• Metro: Baton Rouge, 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

+0.0% since first listed

2 events — show timeline

• 2026-06-09 Listed $294,900 AcadianaMLS
• 2026-06-09 Listed $294,900 GBRMLS

Property tax history

+18.7%/yr

Latest (2025): $1,020 · -2.8% YoY. Source: county tax records.