842 Kim St · Sulphur, LA 70663

$120,000

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 167 Days on market

Built 1975 0.35 ac lot $109/sqft · 5% below area Est $126k · 5% under ↓ 8% 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 +25.0/30.0
• ARV discount +9.8/15.0
• DSCR +8.1/10.0
• 1% rule +5.6/10.0
• Rent growth +4.4/5.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3 bedroom, 2 bath cottage. The property has been thoughtfully renovated and updated, featuring hard-surface flooring throughout including most of the original hard wood floors making for easy maintenance. This home has central A/C and heat. Located in Flood Zone X, where flood insurance isn't typically required, adding to its affordability and appeal. Whether you’re a first-time buyer, downsizing, or just looking for a move-in-ready property, this home is a fantastic option.

Key facts

• Central a/c and heat
• Flood zone x
• 0.35 acre lot

Tags

• HARD SURFACE FLOORING
• CENTRAL A/C AND HEAT
• FLOOD ZONE X

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#48 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A; Watch: crime D-, amenities F, commute 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: Rents rising fast (+7.7%/yr); 294 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $830 of loan paydown is wiped out by about $4k 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 + 7.7% rent growth), your $34k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 167 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (8%) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 167 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.06% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.31%
• DSCR: 1.41
• GRM: 7.9

CMA / ARV

• ARV (median comp): $126,495
• List price: $120,000
• Delta: -5.13%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.65% rent growth · sell at horizon

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,333
• Equity at exit: $17,892

10-year hold

• IRR: 15.8%
• Equity multiple: 2.55×
• Total profit: $52,170
• Equity at exit: $10,375

Cash invested: $33,600 (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 70663

• Rents YoY: 7.7%
• Active inventory: 294
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,266 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$60 /mo · $725/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $261

Break-even live

Break-even rent $936

Max offer price $120,000

Occupancy floor 74%

Sensitivity live

Price	-10% $329	-5% $295	+0% $261	+5% $227	+10% $193
Rent	-10% $161	-5% $211	+0% $261	+5% $311	+10% $361
Rate	-1.0pp $321	-0.5pp $291	base $261	+0.5pp $230	+1.0pp $198

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
625 N Claiborne St Unit 1 Sulphur, LA	3.0	2.0	1200	$925	$0.77	14d	1	1.18mi

Listing history 21 events

1. 2026-06-21
   days on market $120,000 Active 167 DOM
2. 2026-06-19
   days on market $120,000 Active 165 DOM
3. 2026-06-18
   days on market $120,000 Active 164 DOM
4. 2026-06-17
   days on market $120,000 Active 163 DOM
5. 2026-06-16
   days on market $120,000 Active 162 DOM
6. 2026-06-15
   days on market $120,000 Active 161 DOM
7. 2026-06-14
   days on market $120,000 Active 159 DOM
8. 2026-06-13
   days on market $120,000 Active 158 DOM
9. 2026-06-10
   days on market $120,000 Active 156 DOM
10. 2026-06-09
    days on market $120,000 Active 155 DOM
11. 2026-06-08
    days on market $120,000 Active 154 DOM
12. 2026-06-07
    days on market $120,000 Active 153 DOM
13. 2026-06-05
    days on market $120,000 Active 150 DOM
14. 2026-06-02
    days on market $120,000 Active 148 DOM
15. 2026-06-01
    days on market $120,000 Active 147 DOM
16. 2026-05-31
    days on market $120,000 Active 146 DOM
17. 2026-05-30
    days on market $120,000 Active 145 DOM
18. 2026-04-02
    status Active 517-char remark

    Show marketing remark (517 chars)

    Welcome to this well-maintained 3 bedroom, 2 bath cottage. The property has been thoughtfully renovated and updated, featuring hard-surface flooring throughout including most of the original hard wood floors making for easy maintenance. This home has central A/C and heat. Located in Flood Zone X, where flood insurance isn't typically required, adding to its affordability and appeal. Whether you’re a first-time buyer, downsizing, or just looking for a move-in-ready property, this home is a fantastic option.

19. 2026-03-12
    status Pending 517-char remark

    Show marketing remark (517 chars)

    Welcome to this well-maintained 3 bedroom, 2 bath cottage. The property has been thoughtfully renovated and updated, featuring hard-surface flooring throughout including most of the original hard wood floors making for easy maintenance. This home has central A/C and heat. Located in Flood Zone X, where flood insurance isn't typically required, adding to its affordability and appeal. Whether you’re a first-time buyer, downsizing, or just looking for a move-in-ready property, this home is a fantastic option.

20. 2026-01-23
    price $120,000 517-char remark

    Show marketing remark (517 chars)

    Welcome to this well-maintained 3 bedroom, 2 bath cottage. The property has been thoughtfully renovated and updated, featuring hard-surface flooring throughout including most of the original hard wood floors making for easy maintenance. This home has central A/C and heat. Located in Flood Zone X, where flood insurance isn't typically required, adding to its affordability and appeal. Whether you’re a first-time buyer, downsizing, or just looking for a move-in-ready property, this home is a fantastic option.

21. 2025-12-16
    listed $130,000 Active 517-char remark

    Show marketing remark (517 chars)

    Welcome to this well-maintained 3 bedroom, 2 bath cottage. The property has been thoughtfully renovated and updated, featuring hard-surface flooring throughout including most of the original hard wood floors making for easy maintenance. This home has central A/C and heat. Located in Flood Zone X, where flood insurance isn't typically required, adding to its affordability and appeal. Whether you’re a first-time buyer, downsizing, or just looking for a move-in-ready property, this home is a fantastic option.

ⓘ 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: $725 · $60/mo
• Projected year-2 tax: $725 · $60/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 22 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: $15,197
• − Mortgage interest: −$6,722
• − Property taxes: −$725
• − Insurance: −$600
• − Repairs & maintenance: −$1,216
• − Management: −$1,216
• − Depreciation: −$3,491
• Taxable income: $1,228
• Est. tax owed @ 24.0%: −$295
• After-tax cash flow: $2,835/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 — Sulphur

• Score: 71/100
• State rank: #48
• US rank: #7164

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Calcasieu Parish · 170,889 people
• City population: 27,799
• Metro: Lake Charles, LA
• Population (ZIP): 27,799
• Household income: $64,707
• Rent vs Own: 19.7% rent · 80.3% own
• Severe rent burden: 197.0

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 (82%)
• Race & ethnicity: White 82% Black 8% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Lithuanian 13% Slovak 2% Scandinavian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 2% 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: ▼ -104.29%
• Current HPI: 100.0895
• Rent YoY: ▲ 7.65%
• Metro: Lake Charles, 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

-7.7% since first listed

4 events — show timeline

• 2026-04-02 Relisted — SWLAR
• 2026-03-12 Pending — SWLAR
• 2026-01-23 Price Changed $120,000 SWLAR
• 2025-12-16 Listed $130,000 SWLAR

Property tax history

-0.3%/yr

Latest (2025): $725 · -1.7% YoY. Source: county tax records.