3217 Thunderbird Ln · Bossier City, LA 71112

$115,000

3 bd · 1.0 ba · 1,163 sqft · SingleFamily public records · 151 Days on market

Built 1967 8,756 sqft lot $99/sqft · 21% below area Est $146k · 21% 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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.2/10.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-Bedroom Home Near Barksdale Air Force Base! Well-maintained 3 bed, 1 bath home with a spacious living room, kitchen with plenty of storage, and laundry room. Large fenced backyard with covered patio and storage shed perfect for relaxing or entertaining. Great opportunity for first-time buyers or investors looking to add to their portfolio.

Key facts

• Covered patio
• Storage shed
• Fenced backyard

Tags

• FENCED BACKYARD
• COVERED PATIO
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 4.7% in Bossier City — 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 71/100 on livability (#47 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Bossier Parish (urban): math 40% / reading 47% proficiency, ranked #17 of 98 in LA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 145 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 716 units permitted in Bossier Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bossier County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; 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: major flood risk; major wind risk, 66% 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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 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 1967 — 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 B-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 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: 1.22% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.89%
• DSCR: 1.57
• GRM: 6.9

CMA / ARV

• ARV (median comp): $145,830
• List price: $115,000
• Delta: -21.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3259 Sarah St	0.33mi	3/1.5	1,130 (-3%)	11mo	$154,500	$137	69
3105 Donald Dr	0.15mi	2/1.0 (-1)	1,250 (+8%)	8mo	$60,000	$48	69
3001 Oliver St	0.29mi	3/1.0	1,094 (-6%)	10mo	$125,000	$114	68
3001 Jamie Pl	0.21mi	3/1.0	1,320 (+14%)	5mo	$165,000	$125	63
1617 Dudley	0.48mi	3/1.0	1,200 (+3%)	11mo	$138,000	$115	63
2914 Bobbie St	0.47mi	3/1.0	1,216 (+5%)	10mo	$145,000	$119	62
1333 Michael St	0.28mi	3/1.0	1,010 (-13%)	6mo	$115,000	$114	60
1245 Dudley Ln	0.51mi	3/1.0	1,096 (-6%)	8mo	$89,900	$82	60
3208 Jana Pl	0.28mi	3/1.0	1,295 (+11%)	10mo	$122,900	$95	60
1126 Patricia Dr	0.57mi	3/1.0	1,205 (+4%)	11mo	$142,000	$118	58
1140 Waller Ave	0.69mi	2/2.0 (-1)	1,288 (+11%)	3mo	$32,000	$25	38
1405 Fullilove Dr	0.68mi	3/1.5	1,331 (+14%)	10mo	$40,000	$30	34

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 · 3.6% rent growth · sell at horizon

5-year hold

• IRR: 3.4%
• Equity multiple: 1.13×
• Total profit: $4,247
• Equity at exit: $17,147

10-year hold

• IRR: 13.5%
• Equity multiple: 2.11×
• Total profit: $35,593
• Equity at exit: $9,943

Cash invested: $32,200 (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 71112

• Rents YoY: 3.6%
• Active inventory: 145
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,398 high
• Mortgage (P&I): −$603
• Tax from tax record: −$107 /mo · $1,289/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $346

Break-even live

Break-even rent $960

Max offer price $115,000

Occupancy floor 70%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3202 Jana Pl Bossier City, LA	3.0	1.0	1258	$1,250	$0.99	43d	1	0.29mi
3406 Black Lake Cir Bossier City, LA	3.0	1.0	1400	$1,200	$0.86	21d	1	0.30mi
3115 Oliver St Bossier City, LA	3.0	1.5	1067	$1,400	$1.31	13d	1	0.30mi
1301 Williamsburg Dr Bossier City, LA	1.0–3.0	1.0–2.0	1025	$1,655	$1.61	13d	28	0.35mi
1416 Williamsburg Dr Bossier City, LA	2.0	2.0	960	$1,200	$1.25	13d	1	0.36mi
1302 Williamsburg Dr Bossier City, LA	1.0–3.0	1.0–2.0	1050	$1,720	$1.64	21d	14	0.39mi
3204 McGregor St Bossier City, LA	3.0	1.0	1093	$1,350	$1.24	43d	1	0.42mi
1140 Schex Dr Bossier City, LA	3.0	1.0	1346	$1,500	$1.11	21d	1	0.62mi
1231 Waller Ave Bossier City, LA	3.0	1.0	1500	$1,100	$0.73	43d	1	0.62mi
1148 Dudley Ln Bossier City, LA	3.0	1.0	1013	$925	$0.91	13d	1	0.66mi
4056 Beech St Bossier City, LA	4.0	1.0	1391	$1,400	$1.01	21d	1	0.70mi
1120 Margaret St Bossier City, LA	2.0	1.0	950	$1,200	$1.26	21d	1	0.78mi
400 John Wesley Blvd Bossier City, LA	2.0	1.5	935	$842	$0.90	13d	2	0.85mi
2248 Loreco St Bossier City, LA	3.0	2.0	1073	$1,400	$1.30	43d	1	0.92mi
205 Royal St Bossier City, LA	2.0	1.5	1100	$1,100	$1.00	43d	1	1.02mi
305 Orleans St Bossier City, LA	2.0	1.5	1021	$1,000	$0.98	21d	1	1.03mi
3325 E Texas St Bossier City, LA	1.0–2.0	1.0–2.0	810	$950	$1.17	21d	1	1.18mi
2201 Naples St Bossier City, LA	2.0	1.0	759	$775	$1.02	43d	1	1.24mi
100 Crossroads Blvd Bossier City, LA	1.0–2.0	1.0–2.0	858	$1,299	$1.51	43d	1	1.41mi

Listing history 21 events

1. 2026-06-02
   days on market $115,000 Active 151 DOM
2. 2026-06-01
   days on market $115,000 Active 150 DOM
3. 2026-05-31
   days on market $115,000 Active 149 DOM
4. 2026-05-30
   days on market $115,000 Active 148 DOM
5. 2026-04-04
   price $115,000 354-char remark

   Show marketing remark (354 chars)

   Charming 3-Bedroom Home Near Barksdale Air Force Base! Well-maintained 3 bed, 1 bath home with a spacious living room, kitchen with plenty of storage, and laundry room. Large fenced backyard with covered patio and storage shed perfect for relaxing or entertaining. Great opportunity for first-time buyers or investors looking to add to their portfolio.

6. 2026-02-05
   price $120,000 354-char remark

   Show marketing remark (354 chars)

   Charming 3-Bedroom Home Near Barksdale Air Force Base! Well-maintained 3 bed, 1 bath home with a spacious living room, kitchen with plenty of storage, and laundry room. Large fenced backyard with covered patio and storage shed perfect for relaxing or entertaining. Great opportunity for first-time buyers or investors looking to add to their portfolio.

7. 2026-01-02
   listed $125,000 Active 354-char remark

   Show marketing remark (354 chars)

   Charming 3-Bedroom Home Near Barksdale Air Force Base! Well-maintained 3 bed, 1 bath home with a spacious living room, kitchen with plenty of storage, and laundry room. Large fenced backyard with covered patio and storage shed perfect for relaxing or entertaining. Great opportunity for first-time buyers or investors looking to add to their portfolio.

8. 2025-10-24
   listed $130,000 Active
9. 2025-10-24
   historical
10. 2025-10-10
    price $130,000
11. 2025-09-15
    price $135,000
12. 2025-09-09
    listed $130,000 Active
13. 2021-05-28
    soldstatus Sold
14. 2021-05-28
    soldstatus $120,000
15. 2021-03-15
    historical
16. 2021-03-11
    listed $122,000
17. 2010-01-26
    soldstatus $102,400
18. 2007-06-15
    soldstatus $61,300
19. 2003-11-07
    soldstatus $57,874
20. 2000-08-04
    soldstatus $59,900
21. 1996-02-27
    soldstatus $50,000

ⓘ 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: $1,289 · $107/mo
• Projected year-2 tax: $1,289 · $107/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) · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% 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: $16,776
• − Mortgage interest: −$6,442
• − Property taxes: −$1,289
• − Insurance: −$575
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$3,345
• Taxable income: $2,440
• Est. tax owed @ 24.0%: −$586
• After-tax cash flow: $3,566/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: Bossier Parish
• NCES district ID: 2200270
• Math proficiency: 40% ▼ -32.00%
• Reading proficiency: 47% ▼ -28.00%
• Median HH income: $51,326
• Composite: 37.5/100
• National rank: #4402
• State rank: #17 of 98 in LA

Livability — Bossier City

• Score: 71/100
• State rank: #47
• US rank: #7044

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bossier City, LA
• County: Bossier Parish · 98,704 people
• City population: 91,925
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 33,587
• Household income: $61,760
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 1391.0

Population outlook (Bossier County) Hauer SSP2

• Today (2025): 143,247 people
• By 2030: 151,802 · +6.0%
• By 2040: 168,194 · +17.4%
• By 2050: 183,533 · +28.1%
• By 2075: 217,009 · +51.5%
• By 2100: 230,091 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 59% Black 24% Hispanic / Latino 12% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 2% Slovak 1% Scottish 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 1% Tagalog/Filipino 1%

Political lean MEDSL · Bossier

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.3%
• 2008→2024 swing: +0.3pp no change · 2008: -43.7pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.0 2016: R+45.8 2012: R+45.4 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -77.48%
• Current HPI: 127.9821
• Rent YoY: ▲ 3.60%
• Metro: Shreveport-Bossier City, 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

+130.0% since first listed

17 events — show timeline

• 2026-04-04 Price Changed $115,000 NTREIS
• 2026-02-05 Price Changed $120,000 NTREIS
• 2026-01-02 Listed $125,000 NTREIS
• 2025-10-24 Listing Removed — NTREIS
• 2025-10-24 Listed $130,000 NTREIS
• 2025-10-10 Price Changed $130,000 NTREIS
• 2025-09-15 Price Changed $135,000 NTREIS
• 2025-09-09 Listed $130,000 NTREIS
• 2021-05-28 Sold (Public Records) $120,000 Public Records
• 2021-05-28 Sold (MLS) — NTREIS
• 2021-03-15 Listing Removed — NTREIS
• 2021-03-11 Listed $122,000 NTREIS
• 2010-01-26 Sold (Public Records) $102,400 Public Records
• 2007-06-15 Sold (Public Records) $61,300 Public Records
• 2003-11-07 Sold (Public Records) $57,874 Public Records
• 2000-08-04 Sold (Public Records) $59,900 Public Records
• 1996-02-27 Sold (Public Records) $50,000 Public Records

Property tax history

+13.8%/yr

Latest (2025): $1,289 · -1.3% YoY. Source: county tax records.