3600 Lannon Cir · Shreveport, LA 71118

$197,600

3 bd · 2.0 ba · 1,368 sqft · SingleFamily public records · 1 Days on market

Built 1978 9,104 sqft lot Est $182k · 9% over

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Why this score? — see what drove the D- 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 +14.9/30.0
• DSCR +4.6/10.0
• 1% rule +3.6/10.0
• ARV discount +3.6/15.0
• Livability +3.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick home with open floorplan in Colquitt Road Estates. This house is ready for some with a big tool box and a lot of vision. Once remodeled will make a great home for first time home buyers or a great rental. Priced low enough for an investor to turn a profit. Don't miss out on this one. This property may qualify for Seller Financing (Vendee). See agent remarks.

Key facts

• 9,104 sq ft lot
• 2 garage spots
• Built 1978

Property features AI

Finance

• Other: Property listed as residential single-family; Subdivision: Colquitt Estates; Located in Caddo County, United States
• Financial info: Second mortgage present; Listing accepts cash, conventional, FHA, VA loan, fixed and other financing
• HOA & community: No association

Exterior

• Parking: Attached 2-car garage with garage door opener; 2 covered parking spaces; Concrete driveway
• Security: Smoke detectors; Carbon monoxide detector(s); Fire alarm
• Utilities: City water; City sewer; Cable available; Individual gas meter; Individual water meter; Underground utilities
• Home design: Single-family residence; One story; Not attached to another property; Shingle roof
• Construction: Built in 1978; Frame construction; Slab foundation
• Exterior features: Covered porch; Covered patio; Side porch; Full wood privacy fence; Corner lot on a cul-de-sac; Easement for electric

Interior

• Kitchen: Dishwasher; Disposal; Gas range; Microwave; Refrigerator; Granite counters
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Luxury vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Fireplace heating; Central electric air conditioning
• Interior features: Granite counters; Open floorplan; High-speed internet available; 1 living area; 1 dining area; 1 fireplace (living room) with gas starter; wood burning
• Laundry & utility: Laundry located in garage; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $58 ($695/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (14.3% below list).
• Recommended offer: $169k (14.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.7%/yr); 115 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.
• Current owner paid $116k; list at $198k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% 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 $169,311 (14.3% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.86% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.26%
• DSCR: 1.06
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $181,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9774 Monticello Dr	0.22mi	3/2.0	1,343 (-2%)	2mo	$163,900	$122	85
3419 Tara Ln	0.28mi	3/2.0	1,300 (-5%)	2mo	$106,951	$82	77
3415 Tara Ln	0.31mi	3/2.0	1,440 (+5%)	1mo	$175,000	$122	76
9739 Monticello Dr	0.27mi	3/2.0	1,307 (-4%)	8mo	$169,000	$129	74
9806 Driftwood Cir	0.37mi	3/2.0	1,378 (+1%)	17mo	$192,900	$140	67
9805 Charleston Dr	0.45mi	3/2.0	1,478 (+8%)	0mo	$179,900	$122	66
9717 Charleston Dr	0.42mi	3/2.0	1,450 (+6%)	6mo	$189,999	$131	65
9709 Monticello Dr	0.38mi	3/2.0	1,261 (-8%)	11mo	$171,000	$136	60
9735 Neely Cir	0.19mi	3/2.0	1,468 (+7%)	22mo	$194,900	$133	60
9813 Driftwood Cir	0.44mi	3/1.5	1,240 (-9%)	3mo	$165,000	$133	60
9420 W Montego Ln	0.69mi	3/2.0	1,308 (-4%)	6mo	$177,000	$135	55
5415 Harper Rd	0.37mi	3/1.5	1,281 (-6%)	22mo	$180,000	$141	51

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 · 1.74% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.45×
• Total profit: $-30,479
• Equity at exit: $29,463

10-year hold

• IRR: -9.4%
• Equity multiple: 0.45×
• Total profit: $-30,384
• Equity at exit: $17,085

Cash invested: $55,328 (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 71118

• Rents YoY: 1.7%
• Active inventory: 115
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,693 medium
• Mortgage (P&I): −$1,036
• Tax from tax record: −$161 /mo · $1,933/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $58

Break-even live

Break-even rent $1,620

Max offer price $197,600

Occupancy floor 92%

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: $49,400
• Closing costs: $5,928
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3257 W Bert Kouns Industrial Loop Shreveport, LA	1.0–3.0	1.0–2.0	1108	$2,064	$1.86	14d	7	1.30mi
9202 Highcrest Dr Shreveport, LA	3.0	2.0	1418	$1,500	$1.06	14d	1	1.35mi

Listing history 7 events

1. 2026-05-01
   historical Active Contingent
2. 2026-04-23
   listed $197,600 Active
3. 2026-01-30
   soldstatus Closed 372-char remark

   Show marketing remark (372 chars)

   Brick home with open floorplan in Colquitt Road Estates. This house is ready for some with a big tool box and a lot of vision. Once remodeled will make a great home for first time home buyers or a great rental. Priced low enough for an investor to turn a profit. Don't miss out on this one. This property may qualify for Seller Financing (Vendee). See agent remarks.

4. 2025-12-24
   status Pending 372-char remark

   Show marketing remark (372 chars)

   Brick home with open floorplan in Colquitt Road Estates. This house is ready for some with a big tool box and a lot of vision. Once remodeled will make a great home for first time home buyers or a great rental. Priced low enough for an investor to turn a profit. Don't miss out on this one. This property may qualify for Seller Financing (Vendee). See agent remarks.

5. 2025-12-18
   listed $79,000 Active 372-char remark

   Show marketing remark (372 chars)

   Brick home with open floorplan in Colquitt Road Estates. This house is ready for some with a big tool box and a lot of vision. Once remodeled will make a great home for first time home buyers or a great rental. Priced low enough for an investor to turn a profit. Don't miss out on this one. This property may qualify for Seller Financing (Vendee). See agent remarks.

6. 2009-05-04
   soldstatus $115,900
7. 1982-03-11
   soldstatus

ⓘ 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: $1,933 · $161/mo
• Projected year-2 tax: $1,933 · $161/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $20,317
• − Mortgage interest: −$11,069
• − Property taxes: −$1,933
• − Insurance: −$988
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$5,748
• Taxable loss: −$2,672
• Est. tax savings @ 24.0%: +$641
• After-tax cash flow: $1,336/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 23,219
• Household income: $50,287
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1046.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 58% White 33% Two or more races 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.81%
• Current HPI: 129.1782
• Rent YoY: ▲ 1.74%
• 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

+70.5% since first listed

7 events — show timeline

• 2026-05-01 Contingent — NTREIS
• 2026-04-23 Listed $197,600 NTREIS
• 2026-01-30 Sold (MLS) — NTREIS
• 2025-12-24 Pending — NTREIS
• 2025-12-18 Listed $79,000 NTREIS
• 2009-05-04 Sold (Public Records) $115,900 Public Records
• 1982-03-11 Sold (Public Records) — Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,933 · +0.4% YoY. Source: county tax records.