1207 Yoakum Dr · Elton, LA 70532

$99,900

3 bd · 2.0 ba · 1,350 sqft · Manufactured · 269 Days on market

Built 2014 0.31 ac lot $74/sqft · 40% below area Est $166k · 40% under ↓ 13% since listing

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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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• Appreciation +7.7/10.0
• 1% rule +5.9/10.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

Key facts

• New front porch
• Storage building
• Double-lot

Tags

• DOUBLE-LOT
• NEW FRONT PORCH
• COVERED BACK PORCH
• STORAGE BUILDING
• LARGER YARD FOOTPRINT

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $227 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#34 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F.
• Jefferson Davis Parish (town): math 30% / reading 42% proficiency, ranked #33 of 98 in LA (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 18 active listings in the ZIP; 69 units permitted in Jefferson Davis Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($691 loan paydown + $5k appreciation (5.3% local appreciation)).
• Jefferson Davis County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (5.3% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.09% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.73%
• DSCR: 1.43
• GRM: 7.6

CMA / ARV

• ARV (median comp): $165,972
• List price: $99,900
• Delta: -39.81%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

5.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.9%
• Equity multiple: 2.41×
• Total profit: $39,308
• Equity at exit: $58,583

10-year hold

• IRR: 21.3%
• Equity multiple: 4.77×
• Total profit: $105,488
• Equity at exit: $102,774

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 70532

• Home prices YoY: 5.0%
• Active inventory: 18
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,089 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$68 /mo · $818/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $227

Break-even live

Break-even rent $802

Max offer price $99,900

Occupancy floor 74%

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: —

Listing history 21 events

1. 2026-06-19
   days on market $99,900 Active 269 DOM
2. 2026-06-18
   price $99,900 Active 268 DOM
3. 2026-06-18
   days on market $104,900 Active 268 DOM
4. 2026-06-17
   days on market $104,900 Active 267 DOM
5. 2026-06-16
   days on market $104,900 Active 266 DOM
6. 2026-06-15
   days on market $104,900 Active 265 DOM
7. 2026-06-14
   days on market $104,900 Active 263 DOM
8. 2026-06-13
   days on market $104,900 Active 262 DOM
9. 2026-06-10
   days on market $104,900 Active 260 DOM
10. 2026-06-09
    days on market $104,900 Active 259 DOM
11. 2026-06-08
    days on market $104,900 Active 258 DOM
12. 2026-06-07
    days on market $104,900 Active 257 DOM
13. 2026-06-02
    days on market $104,900 Active 252 DOM
14. 2026-06-01
    days on market $104,900 Active 251 DOM
15. 2026-05-31
    days on market $104,900 Active 250 DOM
16. 2026-05-30
    days on market $104,900 Active 249 DOM
17. 2026-04-09
    price $104,900 1229-char remark

    Show marketing remark (1229 chars)

    Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

18. 2026-02-04
    price $109,900 1229-char remark

    Show marketing remark (1229 chars)

    Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

19. 2025-11-12
    price $114,900 1229-char remark

    Show marketing remark (1229 chars)

    Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

20. 2025-10-27
    price $117,900 1229-char remark

    Show marketing remark (1229 chars)

    Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

21. 2025-09-23
    listed $119,900 Active 1229-char remark

    Show marketing remark (1229 chars)

    Thoughtfully renewed for everyday comfort, this 2014 3-bed/2-bath home combines a fresh interior with a double-lot (~0.31 acres) setting that adds breathing room and flexibility in Elton. Inside, all-new paint and waterproof laminate flooring deliver a clean, durable finish from living areas to bedrooms. The large kitchen anchors the home with abundant cabinetry, expansive counters, and all appliances to remain, so you can settle in on day one. The primary suite offers a private retreat: walk-in closet, soaking tub, and separate shower for an easy start and end to your day. Two additional bedrooms and a full bath provide functional space for guests, work-from-home, or storage. Outside, a new front porch elevates curb appeal, while the covered back porch is ideal for shaded relaxation. A storage building stays to keep tools and extras organized. Located in Flood Zone X—typically no lender-required flood insurance—this address blends sensible ownership with updated style. With its larger yard footprint, you’ve got space for raised beds, a play area, or simply more room between you and the world. A strong option for first-time buyers, downsizers, or investors seeking a turnkey property in Elton.

ⓘ 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: $818 · $68/mo
• Projected year-2 tax: $818 · $68/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $13,072
• − Mortgage interest: −$5,596
• − Property taxes: −$818
• − Insurance: −$500
• − Repairs & maintenance: −$1,046
• − Management: −$1,046
• − Depreciation: −$2,906
• Taxable income: $1,160
• Est. tax owed @ 24.0%: −$278
• After-tax cash flow: $2,444/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: Jefferson Davis Parish
• NCES district ID: 2200810
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 42% ▼ -33.00%
• Median HH income: $40,322
• Composite: 30.21/100
• National rank: #6302
• State rank: #33 of 98 in LA

Livability — Elton

• Score: 73/100
• State rank: #34
• US rank: #5485

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elton, LA
• Population (ZIP): 2,653

Population outlook (Jefferson Davis County) Hauer SSP2

• Today (2025): 31,015 people
• By 2030: 30,563 · -1.5%
• By 2040: 29,639 · -4.4%
• By 2050: 28,456 · -8.3%
• By 2075: 25,521 · -17.7%
• By 2100: 21,787 · -29.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Black 23% Two or more races 9% Native American 8%
• Common ancestry: Lithuanian 19% Portuguese 2%
• Languages at home: 89% English-only · French/Haitian/Cajun 8%

Political lean MEDSL · Jefferson Davis

• 2024 margin: Solid R (+61.1) · D 18.8% · R 79.9% · Other 1.3%
• 2008→2024 swing: -21.5pp toward R · 2008: -39.7pp · 2024: -61.1pp
• All cycles: 2024: R+61.1 2020: R+55.4 2016: R+53.9 2012: R+47.6 2008: R+39.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.32%
• Current HPI: 111.5289
• 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

-12.5% since first listed

5 events — show timeline

• 2026-04-09 Price Changed $104,900 SWLAR
• 2026-02-04 Price Changed $109,900 SWLAR
• 2025-11-12 Price Changed $114,900 SWLAR
• 2025-10-27 Price Changed $117,900 SWLAR
• 2025-09-23 Listed $119,900 SWLAR

Property tax history

+6.9%/yr

Latest (2025): $818 · +1.8% YoY. Source: county tax records.