619 E 2nd St · Bogalusa, LA 70427

$30,000

2 bd · 1.0 ba · 981 sqft · SingleFamily · 329 Days on market

Built 1955 8,197 sqft lot $31/sqft · 60% below area

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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
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL, 2 Bed, 1 bath ACADIAN-STYLE HOME, METAL ROOF, STUCCO AND BLOCK EXTERIOR, CITY UTILITIES, GREAT LOCATION, FIXER-UPPER. .. Opportunity knocks with this classic Acadian-style home. Featuring 2 bedrooms, 1 bathroom, and a Den as well as a living room and eating area in the kitchen. Laundry hookups are in the 2nd bedroom. This property offers the ideal foundation for a profitable renovation or personalized restoration. A metal roof, front and rear porches, and an oversized yard provide valuable upgrades and long-term durability. The home is situated in Flood Zone X with the side yard to the East in Flood Zone AE and benefits from city water, city sewer, and natural gas connections. Great Location at just 0.3 miles from Dollar General and 0.3 miles to International Paper, one of the area's largest employers, this location offers strong rental demand and commuter convenience. The 2025 HUD Fair Market Rent for a 2-bedroom home in this area is $903/month, creating a compelling investment opportunity for both long-term rental income or resale after rehab. This property needs work and is being sold as-is, but with the low price it makes it a great entry point for investors or buyers with a vision.

Key facts

• City utilities
• Metal roof
• Oversized yard

Tags

• METAL ROOF
• STUCCO AND BLOCK EXTERIOR
• CITY UTILITIES
• FRONT AND REAR PORCHES
• OVERSIZED YARD
• FLOOD ZONE X

🏷️ Possibly a rental listed for sale. The $30,000 price doesn't fit this home's estimated sale value (~$75,628) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $788 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 37.8% vs local median 6.0% in Bogalusa — 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 59/100 on livability (#273 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, crime F, amenities F.
• City Of Bogalusa School District (town): math 4% / reading 14% proficiency, ranked #96 of 98 in LA (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 87 active listings in the ZIP; 10 units permitted in Washington Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 329 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 329 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 1955 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F 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: 4.15% ✓
• Cap rate: 37.82%
• Cash-on-cash: 112.58%
• DSCR: 6.01
• GRM: 2.0

CMA / ARV

• ARV (median comp): $75,628
• List price: $30,000
• Delta: -60.33%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 6.40×
• Total profit: $45,342
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 13.40×
• Total profit: $104,160
• Equity at exit: $2,594

Cash invested: $8,400 (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 70427

• Home prices YoY: -17.8%
• Active inventory: 87
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,245 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$26 /mo · $308/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $788

Break-even live

Break-even rent $247

Max offer price $30,000

Occupancy floor 32%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-09
   statusdays on market $30,000 Pending 329 DOM
2. 2026-06-08
   days on market $30,000 Active 328 DOM
3. 2026-06-07
   days on market $30,000 Active 327 DOM
4. 2026-06-05
   days on market $30,000 Active 325 DOM
5. 2026-06-04
   days on market $30,000 Active 323 DOM
6. 2026-06-02
   days on market $30,000 Active 322 DOM
7. 2026-06-01
   days on market $30,000 Active 321 DOM
8. 2026-05-31
   days on market $30,000 Active 320 DOM
9. 2026-05-31
   days on market $30,000 Active 319 DOM
10. 2025-07-15
    listed $30,000 Active 1223-char remark

    Show marketing remark (1222 chars)

    INVESTOR SPECIAL, 2 Bed, 1 bath ACADIAN-STYLE HOME, METAL ROOF, STUCCO AND BLOCK EXTERIOR, CITY UTILITIES, GREAT LOCATION, FIXER-UPPER... Opportunity knocks with this classic Acadian-style home. Featuring 2 bedrooms, 1 bathroom, and a Den as well as a living room and eating area in the kitchen. Laundry hookups are in the 2nd bedroom. This property offers the ideal foundation for a profitable renovation or personalized restoration. A metal roof, front and rear porches, and an oversized yard provide valuable upgrades and long-term durability. The home is situated in Flood Zone X with the side yard to the East in Flood Zone AE and benefits from city water, city sewer, and natural gas connections. Great Location at just 0.3 miles from Dollar General and 0.3 miles to International Paper, one of the area's largest employers, this location offers strong rental demand and commuter convenience. The 2025 HUD Fair Market Rent for a 2-bedroom home in this area is $903/month, creating a compelling investment opportunity for both long-term rental income or resale after rehab. This property needs work and is being sold as-is, but with the low price it makes it a great entry point for investors or buyers with a vision.

11. 2025-07-15
    listed $30,000 Active 1222-char remark

    Show marketing remark (1222 chars)

    INVESTOR SPECIAL, 2 Bed, 1 bath ACADIAN-STYLE HOME, METAL ROOF, STUCCO AND BLOCK EXTERIOR, CITY UTILITIES, GREAT LOCATION, FIXER-UPPER... Opportunity knocks with this classic Acadian-style home. Featuring 2 bedrooms, 1 bathroom, and a Den as well as a living room and eating area in the kitchen. Laundry hookups are in the 2nd bedroom. This property offers the ideal foundation for a profitable renovation or personalized restoration. A metal roof, front and rear porches, and an oversized yard provide valuable upgrades and long-term durability. The home is situated in Flood Zone X with the side yard to the East in Flood Zone AE and benefits from city water, city sewer, and natural gas connections. Great Location at just 0.3 miles from Dollar General and 0.3 miles to International Paper, one of the area's largest employers, this location offers strong rental demand and commuter convenience. The 2025 HUD Fair Market Rent for a 2-bedroom home in this area is $903/month, creating a compelling investment opportunity for both long-term rental income or resale after rehab. This property needs work and is being sold as-is, but with the low price it makes it a great entry point for investors or buyers with a vision.

12. 2024-01-05
    soldstatus $180,000

ⓘ 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: $308 · $26/mo
• Projected year-2 tax: $308 · $26/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,940
• − Mortgage interest: −$1,680
• − Property taxes: −$308
• − Insurance: −$150
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$873
• Taxable income: $9,538
• Est. tax owed @ 24.0%: −$2,289
• After-tax cash flow: $7,168/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: City Of Bogalusa School District
• NCES district ID: 2200240
• Math proficiency: 4% ▼ -30.00%
• Reading proficiency: 14% ▼ -36.00%
• Median HH income: $26,185
• Composite: 6.48/100
• National rank: #9994
• State rank: #96 of 98 in LA

Livability — Bogalusa

• Score: 59/100
• State rank: #273
• US rank: #19955

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bogalusa, LA
• Population (ZIP): 17,564

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 57% Black 34% Hispanic / Latino 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Italian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.26%
• Current HPI: 112.358
• 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

-83.3% since first listed

3 events — show timeline

• 2025-07-15 Listed $30,000 AcadianaMLS
• 2025-07-15 Listed $30,000 GSREIN
• 2024-01-05 Sold (Public Records) $180,000 Public Records

Property tax history

-0.4%/yr

Latest (2025): $308 · +0.3% YoY. Source: county tax records.