313 Galloway St · Jonesville, LA 71343

$69,900

3 bd · 2.0 ba · 1,258 sqft · SingleFamily public records · 10 Days on market

Built 1975 Fair condition $56/sqft · 14% below area Est $89k · 22% under ↓ 12% since listing

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Why this score? — see what drove the A- 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
• Appreciation +8.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +2.1/10.0

Listing remarks MLS

Welcome to 313 Galloway Street — a beautifully renovated 3-bedroom, 2-bath home situated on approximately .240 acres. This turnkey property offers modern updates with comfortable living spaces designed for everyday convenience. Step inside to find fresh improvements throughout, creating a clean and inviting atmosphere. The functional floor plan provides spacious bedrooms, updated baths, and comfortable living areas perfect for relaxing or entertaining. Outside, enjoy a nice fenced backyard — ideal for pets, gatherings, or simply enjoying your own private outdoor space. With nearly a quarter-acre lot, there’s room to expand, garden, or create the backyard retreat of your dreams. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is move-in ready and waiting for its next owner. Schedule your showing today!

Key facts

• Garage
• Built 1975
• Listed 9 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).

Location & tenants

• Location reads 64/100 on livability (#170 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute F.
• Catahoula Parish (rural): math 17% / reading 34% proficiency, ranked #58 of 98 in LA (top 59%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 39 active listings in the ZIP; 60 units permitted in Catahoula Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($483 loan paydown + $5k appreciation (7.3% local appreciation)).
• Catahoula County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.3% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $16k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% 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 $69,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.50% ✓
• Cap rate: 12.71%
• Cash-on-cash: 22.90%
• DSCR: 2.02
• GRM: 5.6

CMA / ARV

• ARV (median comp): $89,213
• List price: $69,900
• Delta: -21.65%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

7.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.0%
• Equity multiple: 3.54×
• Total profit: $49,620
• Equity at exit: $49,951

10-year hold

• IRR: 33.4%
• Equity multiple: 7.45×
• Total profit: $126,309
• Equity at exit: $96,287

Cash invested: $19,572 (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 71343

• Home prices YoY: 8.4%
• Active inventory: 39
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,048 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$59 /mo · $704/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $374

Break-even live

Break-even rent $575

Max offer price $69,900

Occupancy floor 59%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $69,900 Active 10 DOM
2. 2026-06-17
   days on market $69,900 Active 9 DOM
3. 2026-06-16
   days on market $69,900 Active 8 DOM
4. 2026-06-15
   days on market $69,900 Active 7 DOM
5. 2026-06-13
   days on market $69,900 Active 5 DOM
6. 2026-06-12
   days on market $69,900 Active 4 DOM
7. 2026-06-09
   days on marketlisting id $69,900 Active 1 DOM
8. 2026-06-02
   days on market $69,900 Active 98 DOM
9. 2026-06-01
   days on market $69,900 Active 97 DOM
10. 2026-05-31
    days on market $69,900 Active 96 DOM
11. 2026-05-31
    days on market $69,900 Active 95 DOM
12. 2026-04-25
    price $74,900 893-char remark

    Show marketing remark (893 chars)

    Welcome to 313 Galloway Street — a beautifully renovated 3-bedroom, 2-bath home situated on approximately .240 acres. This turnkey property offers modern updates with comfortable living spaces designed for everyday convenience. Step inside to find fresh improvements throughout, creating a clean and inviting atmosphere. The functional floor plan provides spacious bedrooms, updated baths, and comfortable living areas perfect for relaxing or entertaining. Outside, enjoy a nice fenced backyard — ideal for pets, gatherings, or simply enjoying your own private outdoor space. With nearly a quarter-acre lot, there’s room to expand, garden, or create the backyard retreat of your dreams. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is move-in ready and waiting for its next owner. Schedule your showing today!

13. 2026-03-26
    price $79,900 893-char remark

    Show marketing remark (893 chars)

    Welcome to 313 Galloway Street — a beautifully renovated 3-bedroom, 2-bath home situated on approximately .240 acres. This turnkey property offers modern updates with comfortable living spaces designed for everyday convenience. Step inside to find fresh improvements throughout, creating a clean and inviting atmosphere. The functional floor plan provides spacious bedrooms, updated baths, and comfortable living areas perfect for relaxing or entertaining. Outside, enjoy a nice fenced backyard — ideal for pets, gatherings, or simply enjoying your own private outdoor space. With nearly a quarter-acre lot, there’s room to expand, garden, or create the backyard retreat of your dreams. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is move-in ready and waiting for its next owner. Schedule your showing today!

14. 2026-02-26
    price $82,500 893-char remark

    Show marketing remark (893 chars)

    Welcome to 313 Galloway Street — a beautifully renovated 3-bedroom, 2-bath home situated on approximately .240 acres. This turnkey property offers modern updates with comfortable living spaces designed for everyday convenience. Step inside to find fresh improvements throughout, creating a clean and inviting atmosphere. The functional floor plan provides spacious bedrooms, updated baths, and comfortable living areas perfect for relaxing or entertaining. Outside, enjoy a nice fenced backyard — ideal for pets, gatherings, or simply enjoying your own private outdoor space. With nearly a quarter-acre lot, there’s room to expand, garden, or create the backyard retreat of your dreams. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is move-in ready and waiting for its next owner. Schedule your showing today!

15. 2026-02-20
    listed $86,000 Active 893-char remark

    Show marketing remark (893 chars)

    Welcome to 313 Galloway Street — a beautifully renovated 3-bedroom, 2-bath home situated on approximately .240 acres. This turnkey property offers modern updates with comfortable living spaces designed for everyday convenience. Step inside to find fresh improvements throughout, creating a clean and inviting atmosphere. The functional floor plan provides spacious bedrooms, updated baths, and comfortable living areas perfect for relaxing or entertaining. Outside, enjoy a nice fenced backyard — ideal for pets, gatherings, or simply enjoying your own private outdoor space. With nearly a quarter-acre lot, there’s room to expand, garden, or create the backyard retreat of your dreams. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is move-in ready and waiting for its next owner. Schedule your showing today!

16. 2026-01-18
    price $86,000
17. 2025-12-05
    listed $89,900 Active
18. 2017-09-11
    soldstatus $85,000

ⓘ 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: $704 · $59/mo
• Projected year-2 tax: $704 · $59/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 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $12,576
• − Mortgage interest: −$3,915
• − Property taxes: −$704
• − Insurance: −$350
• − Repairs & maintenance: −$1,006
• − Management: −$1,006
• − Depreciation: −$2,033
• Taxable income: $3,561
• Est. tax owed @ 24.0%: −$855
• After-tax cash flow: $3,628/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.

Condition & rehab AI · 13 photos

Fair 45/100 Cosmetic rehab

This home is in fair condition with cosmetic updates. It needs exterior and interior painting to enhance its curb appeal and overall appearance.

Repairs flagged

• Minor exterior paint — faded paint on exterior
• Minor interior paint — faded paint on interior walls

Value-add opportunities

• Resale paint exterior — enhances curb appeal
• Resale paint interior — enhances interior appearance
• Both update landscaping — improves curb appeal and enhances property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior paint · faded paint on exterior	Minor	$500–3,000
interior paint · faded paint on interior walls	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale paint exterior — enhances curb appeal ↑
• Resale paint interior — enhances interior appearance ↑
• Both update landscaping — improves curb appeal and enhances property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Catahoula Parish
• NCES district ID: 2200420
• Math proficiency: 17% ▼ -44.00%
• Reading proficiency: 34% ▼ -40.00%
• Median HH income: $36,659
• Composite: 21.13/100
• National rank: #8435
• State rank: #58 of 98 in LA

Livability — Jonesville

• Score: 64/100
• State rank: #170
• US rank: #14228

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jonesville, LA
• Population (ZIP): 6,571

Population outlook (Catahoula County) Hauer SSP2

• Today (2025): 9,498 people
• By 2030: 9,137 · -3.8%
• By 2040: 8,428 · -11.3%
• By 2050: 7,845 · -17.4%
• By 2075: 6,875 · -27.6%
• By 2100: 5,953 · -37.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 29%
• Common ancestry: Slovak 2% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Catahoula

• 2024 margin: Solid R (+50.5) · D 24.4% · R 74.9%
• 2008→2024 swing: -15.6pp toward R · 2008: -35.0pp · 2024: -50.5pp
• All cycles: 2024: R+50.5 2020: R+46.8 2016: R+44.4 2012: R+31.9 2008: R+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.33%
• Current HPI: 94.0492
• 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

-11.9% since first listed

7 events — show timeline

• 2026-04-25 Price Changed $74,900 NTREIS
• 2026-03-26 Price Changed $79,900 NTREIS
• 2026-02-26 Price Changed $82,500 NTREIS
• 2026-02-20 Listed $86,000 NTREIS
• 2026-01-18 Price Changed $86,000 AcadianaMLS
• 2025-12-05 Listed $89,900 AcadianaMLS
• 2017-09-11 Sold (Public Records) $85,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $704 · +0.1% YoY. Source: county tax records.