14833 Lockridge Ave · Central, LA 70770

$99,900

3 bd · 2.0 ba · 1,680 sqft · SingleFamily · 36 Days on market

Built 1996 0.40 ac lot $59/sqft · 33% below area Est $150k · 33% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

*Attention Investors* FLOORING HAS BEEN REPAIRED!! Nestled away in the quaint and quiet Crystal Place Subdivision, this 3 bed 2 bath home is waiting for the right buyer to make it their own! On almost half an acre and within Central Public School district this is a fantastic investment opportunity! The master bedroom is equipped with it's own ensuite bathroom featuring a separate shower, garden tub, and walk in closet. The livingroom, kitchen, and dining area are open concept making entertaining a breeze! Other bonuses include a large walk in pantry and over sized laundry/ utility room. Storage is certainly not an issue here! Schedule your showing today! (The seller has had a contractor repair all soft areas in flooring)

Key facts

• Open concept
• Ensuite bathroom
• Walk in pantry

Tags

• ENSUITE BATHROOM
• OPEN CONCEPT
• WALK IN PANTRY

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Driveway with open parking
• Security:
• Utilities: Public water; Public sewer
• Home design: Manufactured home; Residential property; Located in the Crystal Place subdivision; Directions: Denham Road to East Beaver Drive; right on N Lockridge Ave. Property is on the right
• Construction: Wood siding; Pillar/post/pier foundation; Built as a manufactured home
• Exterior features: Driveway; Open parking

Interior

• Kitchen:
• Bedrooms:
• Flooring:
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 3.3% in Central — 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 74/100 on livability (#25 in LA, #4,761 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• Central Community School District (suburban): math 50% / reading 54% proficiency, ranked #9 of 98 in LA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 38 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y ago 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 $60k; list at $100k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.70% ✓
• Cap rate: 14.75%
• Cash-on-cash: 30.21%
• DSCR: 2.34
• GRM: 4.9

CMA / ARV

• ARV (median comp): $150,000
• List price: $99,900
• Delta: -33.40%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14707 Hampshire Dr	0.38mi	3/2.0	1,636 (-3%)	7mo	$227,000	$139	72
15038 Crystal Dr	0.20mi	3/2.0	1,750 (+4%)	15mo	$199,999	$114	72
14233 Haverhill Ave	0.37mi	3/2.0	1,660 (-1%)	17mo	$279,500	$168	66
14326 Winslow Dr	0.35mi	3/2.0	1,789 (+6%)	11mo	$270,000	$151	64
14224 Haverhill Ave	0.41mi	3/2.0	1,530 (-9%)	10mo	$170,000	$111	58
14203 Haverhill Ave	0.41mi	4/2.0 (+1)	1,850 (+10%)	2mo	$284,500	$154	58
14913 Crystal Dr	0.24mi	3/2.0	1,925 (+15%)	8mo	$240,000	$125	58
14334 Crystal Dr	0.67mi	3/2.0	1,626 (-3%)	10mo	$209,900	$129	55
15117 Wilmington Dr	0.47mi	3/2.0	1,810 (+8%)	15mo	$249,999	$138	52
14102 Haverhill Ave	0.47mi	3/2.0	1,860 (+11%)	12mo	$249,900	$134	51
15259 Denham Rd	0.37mi	3/2.0	1,917 (+14%)	16mo	$294,900	$154	46
14014 Denham Rd	0.53mi	3/2.0	1,902 (+13%)	17mo	$340,000	$179	39

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: 1.6%
• Equity multiple: 1.06×
• Total profit: $1,749
• Equity at exit: $14,895

10-year hold

• IRR: 11.4%
• Equity multiple: 1.91×
• Total profit: $25,332
• Equity at exit: $8,638

Cash invested: $27,972 (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 70770

• Home prices YoY: -30.8%
• Active inventory: 38
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,700 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$73 /mo · $880/yr
• Insurance: −$42
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $278

Break-even live

Break-even rent $1,349

Max offer price $99,900

Occupancy floor 79%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12985 Slope Oak Ave Baton Rouge, LA	3.0	2.0	1334	$1,700	$1.27	43d	1	1.26mi

Listing history 29 events

1. 2026-06-18
   days on market $99,900 Active 36 DOM
2. 2026-06-17
   days on market $99,900 Active 35 DOM
3. 2026-06-16
   days on market $99,900 Active 34 DOM
4. 2026-06-15
   days on market $99,900 Active 33 DOM
5. 2026-06-14
   days on market $99,900 Active 31 DOM
6. 2026-06-10
   days on market $99,900 Active 28 DOM
7. 2026-06-09
   days on market $99,900 Active 27 DOM
8. 2026-06-08
   days on market $99,900 Active 26 DOM
9. 2026-06-07
   days on market $99,900 Active 25 DOM
10. 2026-06-05
    days on market $99,900 Active 22 DOM
11. 2026-06-03
    days on market $99,900 Active 21 DOM
12. 2026-06-02
    days on market $99,900 Active 20 DOM
13. 2026-06-01
    days on market $99,900 Active 19 DOM
14. 2026-05-31
    days on market $99,900 Active 18 DOM
15. 2026-05-31
    days on market $99,900 Active 17 DOM
16. 2026-05-11
    listed $99,900 Active 776-char remark

    Show marketing remark (730 chars)

    *Attention Investors* FLOORING HAS BEEN REPAIRED!! Nestled away in the quaint and quiet Crystal Place Subdivision, this 3 bed 2 bath home is waiting for the right buyer to make it their own! On almost half an acre and within Central Public School district this is a fantastic investment opportunity! The master bedroom is equipped with it's own ensuite bathroom featuring a separate shower, garden tub, and walk in closet. The livingroom, kitchen, and dining area are open concept making entertaining a breeze! Other bonuses include a large walk in pantry and over sized laundry/ utility room. Storage is certainly not an issue here! Schedule your showing today! (The seller has had a contractor repair all soft areas in flooring)

17. 2026-05-11
    listed $99,900 Active 781-char remark

    Show marketing remark (730 chars)

    *Attention Investors* FLOORING HAS BEEN REPAIRED!! Nestled away in the quaint and quiet Crystal Place Subdivision, this 3 bed 2 bath home is waiting for the right buyer to make it their own! On almost half an acre and within Central Public School district this is a fantastic investment opportunity! The master bedroom is equipped with it's own ensuite bathroom featuring a separate shower, garden tub, and walk in closet. The livingroom, kitchen, and dining area are open concept making entertaining a breeze! Other bonuses include a large walk in pantry and over sized laundry/ utility room. Storage is certainly not an issue here! Schedule your showing today! (The seller has had a contractor repair all soft areas in flooring)

18. 2015-12-18
    soldstatus Sold
19. 2015-12-18
    soldstatus $60,000
20. 2015-12-08
    status Pending
21. 2015-10-15
    price $69,900
22. 2015-10-14
    status Active
23. 2015-10-03
    historical
24. 2015-06-03
    listed $87,900 Active
25. 2015-04-02
    listed $69,900
26. 2008-07-02
    soldstatus $89,000
27. 2007-03-23
    listed $99,000
28. 2007-03-23
    listed $99,000
29. 1985-06-14
    soldstatus

ⓘ 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: $880 · $73/mo
• Projected year-2 tax: $880 · $73/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,400
• − Mortgage interest: −$5,596
• − Property taxes: −$880
• − Insurance: −$5,618
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − Depreciation: −$2,906
• Taxable income: $2,136
• Est. tax owed @ 24.0%: −$513
• After-tax cash flow: $2,819/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: Central Community School District
• NCES district ID: 2200125
• Math proficiency: 50% ▼ -32.00%
• Reading proficiency: 54% ▼ -31.00%
• Median HH income: $66,584
• Composite: 46.02/100
• National rank: #2528
• State rank: #9 of 98 in LA

Livability — Central

• Score: 74/100
• State rank: #25
• US rank: #4761

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Central, LA
• City population: 10,403
• Population (ZIP): 3,279

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: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 13% Iranian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -83.70%
• Current HPI: 187.8011
• 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

+0.9% since first listed

14 events — show timeline

• 2026-05-11 Listed $99,900 GBRMLS
• 2026-05-11 Listed $99,900 AcadianaMLS
• 2015-12-18 Sold (Public Records) $60,000 Public Records
• 2015-12-18 Sold (MLS) — GBRMLS
• 2015-12-08 Pending — GBRMLS
• 2015-10-15 Price Changed $69,900 GBRMLS
• 2015-10-14 Relisted — GBRMLS
• 2015-10-03 Delisted — GBRMLS
• 2015-06-03 Listed $87,900 GBRMLS
• 2015-04-02 Listed $69,900 AcadianaMLS
• 2008-07-02 Sold (Public Records) $89,000 Public Records
• 2007-03-23 Listed $99,000 AcadianaMLS
• 2007-03-23 Listed $99,000 GBRMLS
• 1985-06-14 Sold (Public Records) — Public Records

Property tax history

+14.0%/yr

Latest (2025): $880 · -0.4% YoY. Source: county tax records.