209 Stonebridge Cv · Madisonville, LA 70447

$283,000

3 bd · 2.0 ba · 1,724 sqft · SingleFamily public records · 40 Days on market

Built 2009 5,235 sqft lot $164/sqft · 15% below area Est $333k · 15% under $29/mo HOA · 1% of rent

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Why this score? — see what drove the C- 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 +16.2/30.0
• ARV discount +14.2/15.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 2-bathroom home located in a desirable neighborhood in Madisonville. This inviting property offers a comfortable layout, a spacious two-car garage, and a fenced-in backyard perfect for relaxing or entertaining. Conveniently situated near shopping, restaurants, everyday amenities, and the Madisonville schools, this home also offers easy access to I-12 and is just a short drive to Covington and Mandeville, making commuting and travel a breeze while still enjoying the charm and convenience of this sought-after community.

Key facts

• Easy access to i-12
• Fenced-in backyard
• 5,235 sq ft lot

Tags

• FENCED-IN BACKYARD
• EASY ACCESS TO I-12
• SHORT DRIVE TO COVINGTON
• SHORT DRIVE TO MANDEVILLE

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $350

Exterior

• Parking: Garage with two spaces and garage door opener
• Security: Smoke detector(s); Carbon monoxide detector
• Utilities: Public water; Public sewer; Central heating; Central air conditioning
• Home design: Single-story home; Brick and vinyl siding exterior; Asphalt roof; Slab foundation; Very good condition; Rectangular city lot (approx. 70 x 72)
• Construction: Built with brick and vinyl siding; Asphalt roof; Slab foundation
• Exterior features: Fenced yard; Porch

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Granite counters; Pantry; Stainless steel appliances
• Bedrooms: Total rooms: 7
• Bathrooms: 2 full bathrooms
• Interior features: Attic access with pull-down stairs; Carbon monoxide detector; Granite countertops; Pantry; Stainless steel appliances; Smoke detectors
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $283k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/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 $246k (12.9% below list).
• Recommended offer: $246k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.6% in Madisonville — 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 79/100 on livability (#5 in LA, #2,302 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• St. Tammany Parish (suburban): math 43% / reading 55% proficiency, ranked #11 of 98 in LA (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 252 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• St. Tammany County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($275k) is reasonable based on typical stale-listing flexibility.
• 24 sale attempts since 19y ago 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

• Climate carrying-cost: 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 $246,394 (12.9% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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: 0.87% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 9.6

CMA / ARV

• ARV (median comp): $332,699
• List price: $283,000
• Delta: -14.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
317 Chicot Ln	0.31mi	3/2.0	1,830 (+6%)	14mo	$325,000	$178	64
217 Coushatta Cir	0.39mi	3/2.0	1,489 (-14%)	0mo	$246,000	$165	59
2034 White Myrtle Dr	0.54mi	3/2.0	1,821 (+6%)	14mo	$307,000	$169	53
233 Coushatta Cir	0.39mi	3/2.0	1,500 (-13%)	11mo	$285,000	$190	51
109 Coushatta Cir	0.37mi	4/2.5 (+1)	1,950 (+13%)	9mo	$318,000	$163	46
4012 Willow Ln	0.48mi	4/2.5 (+1)	1,884 (+9%)	12mo	$335,000	$178	45
159 White Heron Dr	0.53mi	2/2.5 (-1)	1,653 (-4%)	24mo	$225,000	$136	41
420 Claymont Ct	0.71mi	3/2.0	1,956 (+14%)	23mo	$435,000	$222	26
408 Claymont Ct	0.74mi	3/2.0	1,949 (+13%)	23mo	$420,000	$215	25

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.54×
• Total profit: $-36,267
• Equity at exit: $42,196

10-year hold

• IRR: -3.7%
• Equity multiple: 0.76×
• Total profit: $-19,402
• Equity at exit: $24,469

Cash invested: $79,240 (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 70447

• Home prices YoY: -28.1%
• Active inventory: 252
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,464 high
• Mortgage (P&I): −$1,484
• Tax from tax record: −$164 /mo · $1,968/yr
• Insurance: −$118
• HOA: −$29
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $152

Break-even live

Break-even rent $2,272

Max offer price $283,000

Occupancy floor 89%

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: $70,750
• Closing costs: $8,490
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2050 White Myrtle Dr Madisonville, LA	4.0	2.0	2061	$2,400	$1.16	17d	1	0.57mi
103 Woods Dr Madisonville, LA	3.0	2.0	2009	$2,400	$1.19	43d	1	0.90mi
102 Woods Dr Madisonville, LA	3.0	2.0	1400	$2,000	$1.43	23d	1	0.93mi
519 Garden Ln Madisonville, LA	4.0	2.0	2062	$2,650	$1.29	43d	1	1.07mi
42 Deforest Dr Madisonville, LA	3.0	2.0	1670	$2,400	$1.44	23d	1	1.29mi
31 Wickfield Dr Covington, LA	4.0	2.0	1615	$1,900	$1.18	43d	1	1.31mi
409 Gainesway Dr Madisonville, LA	3.0	2.0	1695	$2,300	$1.36	43d	1	1.44mi
138 Poe St Madisonville, LA	3.0	2.0	1109	$1,700	$1.53	23d	1	1.48mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 50 events

1. 2026-06-18
   days on market $283,000 Active 40 DOM
2. 2026-06-17
   days on market $283,000 Active 39 DOM
3. 2026-06-16
   days on market $283,000 Active 38 DOM
4. 2026-06-15
   days on market $283,000 Active 37 DOM
5. 2026-06-13
   days on market $283,000 Active 35 DOM
6. 2026-06-10
   days on market $283,000 Active 32 DOM
7. 2026-06-09
   days on market $283,000 Active 31 DOM
8. 2026-06-08
   days on market $283,000 Active 30 DOM
9. 2026-06-07
   days on market $283,000 Active 29 DOM
10. 2026-06-03
    days on market $283,000 Active 25 DOM
11. 2026-06-02
    days on market $283,000 Active 24 DOM
12. 2026-06-01
    days on market $283,000 Active 23 DOM
13. 2026-05-31
    days on market $283,000 Active 22 DOM
14. 2026-05-09
    listed $290,000 Active 543-char remark

    Show marketing remark (543 chars)

    Charming 3-bedroom, 2-bathroom home located in a desirable neighborhood in Madisonville. This inviting property offers a comfortable layout, a spacious two-car garage, and a fenced-in backyard perfect for relaxing or entertaining. Conveniently situated near shopping, restaurants, everyday amenities, and the Madisonville schools, this home also offers easy access to I-12 and is just a short drive to Covington and Mandeville, making commuting and travel a breeze while still enjoying the charm and convenience of this sought-after community.

15. 2026-05-09
    listed $290,000 Active 543-char remark

    Show marketing remark (543 chars)

    Charming 3-bedroom, 2-bathroom home located in a desirable neighborhood in Madisonville. This inviting property offers a comfortable layout, a spacious two-car garage, and a fenced-in backyard perfect for relaxing or entertaining. Conveniently situated near shopping, restaurants, everyday amenities, and the Madisonville schools, this home also offers easy access to I-12 and is just a short drive to Covington and Mandeville, making commuting and travel a breeze while still enjoying the charm and convenience of this sought-after community.

16. 2023-04-05
    soldstatus $270,000 Closed
17. 2023-04-05
    soldstatus $270,000
18. 2023-03-11
    historical Active Under Contract
19. 2023-02-28
    listed $275,000
20. 2023-02-28
    listed $275,000 Active
21. 2021-06-04
    soldstatus $240,000
22. 2021-02-12
    price $225,000
23. 2021-01-26
    listed $225,000
24. 2019-07-30
    price $190,000
25. 2019-06-24
    price $195,000
26. 2019-06-10
    price $199,900
27. 2019-06-03
    price $204,900
28. 2019-05-23
    price $205,000
29. 2019-05-21
    price $215,000
30. 2019-05-12
    price $218,500
31. 2019-05-04
    listed $190,000
32. 2019-02-21
    price $220,000
33. 2019-02-07
    price $224,500
34. 2018-12-18
    listed $220,000
35. 2015-04-10
    soldstatus
36. 2015-02-03
    listed $1,700
37. 2014-12-01
    listed $182,500
38. 2014-12-01
    listed $182,500
39. 2014-12-01
    listed $182,500
40. 2014-12-01
    listed $182,500
41. 2014-10-01
    listed $195,000
42. 2014-10-01
    listed $195,000
43. 2013-07-02
    listed $199,900
44. 2013-07-02
    listed $199,900
45. 2012-01-30
    soldstatus $176,500
46. 2011-05-10
    listed $177,000
47. 2011-05-10
    listed $177,000
48. 2011-01-19
    soldstatus $250,334
49. 2009-01-09
    listed $219,900
50. 2009-01-09
    listed $219,900

ⓘ 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: $1,968 · $164/mo
• Projected year-2 tax: $1,968 · $164/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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,567
• − Mortgage interest: −$15,852
• − Property taxes: −$1,968
• − Insurance: −$1,415
• − Repairs & maintenance: −$2,365
• − Management: −$2,365
• − HOA: −$348
• − Depreciation: −$8,233
• Taxable loss: −$2,979
• Est. tax savings @ 24.0%: +$715
• After-tax cash flow: $2,534/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: St. Tammany Parish
• NCES district ID: 2201650
• Math proficiency: 43% ▼ -32.00%
• Reading proficiency: 55% ▼ -26.00%
• Median HH income: $61,752
• Composite: 43.04/100
• National rank: #3098
• State rank: #11 of 98 in LA

Livability — Madisonville

• Score: 79/100
• State rank: #5
• US rank: #2302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Tammany Parish · 228,296 people
• City population: 17,897
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 17,897
• Household income: $122,574
• Rent vs Own: 4.0% rent · 96.0% own
• Severe rent burden: 47.0

Population outlook (St. Tammany County) Hauer SSP2

• Today (2025): 286,725 people
• By 2030: 304,175 · +6.1%
• By 2040: 336,203 · +17.3%
• By 2050: 364,590 · +27.2%
• By 2075: 433,362 · +51.1%
• By 2100: 470,333 · +64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Hispanic / Latino 6% Black 2%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 19% Slovak 3% Romanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Tammany

• 2024 margin: Solid R (+43.8) · D 27.3% · R 71.1% · Other 1.6%
• 2008→2024 swing: +9.6pp toward D · 2008: -53.4pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+44.2 2016: R+50.8 2012: R+52.2 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.07%
• Current HPI: 174.0804
• Rent YoY: —
• Metro: New Orleans-Metairie, 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

+25.8% since first listed

43 events — show timeline

• 2026-05-24 Price Changed $283,000 AcadianaMLS
• 2026-05-24 Price Changed $283,000 GSREIN
• 2026-05-09 Listed $290,000 GSREIN
• 2026-05-09 Listed $290,000 AcadianaMLS
• 2023-04-05 Sold (Public Records) $270,000 Public Records
• 2023-04-05 Sold (MLS) $270,000 GSREIN
• 2023-03-11 Contingent — GSREIN
• 2023-02-28 Listed $275,000 GSREIN
• 2023-02-28 Listed $275,000 AcadianaMLS
• 2021-06-04 Sold (Public Records) $240,000 Public Records
• 2021-02-12 Price Changed $225,000 GSREIN
• 2021-01-26 Listed $225,000 AcadianaMLS
• 2019-07-30 Price Changed $190,000 GSREIN
• 2019-06-24 Price Changed $195,000 GSREIN
• 2019-06-10 Price Changed $199,900 GSREIN
• 2019-06-03 Price Changed $204,900 GSREIN
• 2019-05-23 Price Changed $205,000 GSREIN
• 2019-05-21 Price Changed $215,000 GSREIN
• 2019-05-12 Price Changed $218,500 GSREIN
• 2019-05-04 Listed $190,000 AcadianaMLS
• 2019-02-21 Price Changed $220,000 GSREIN
• 2019-02-07 Price Changed $224,500 GSREIN
• 2018-12-18 Listed $220,000 AcadianaMLS
• 2015-04-10 Sold (MLS) — GBRMLS
• 2015-02-03 Listed $1,700 GBRMLS
• 2014-12-01 Listed $182,500 GSREIN
• 2014-12-01 Listed $182,500 AcadianaMLS
• 2014-12-01 Listed $182,500 AcadianaMLS
• 2014-12-01 Listed $182,500 GBRMLS
• 2014-10-01 Listed $195,000 GSREIN
• 2014-10-01 Listed $195,000 AcadianaMLS
• 2013-07-02 Listed $199,900 GSREIN
• 2013-07-02 Listed $199,900 AcadianaMLS
• 2012-01-30 Sold (MLS) $176,500 GSREIN
• 2011-05-10 Listed $177,000 AcadianaMLS
• 2011-05-10 Listed $177,000 GSREIN
• 2011-01-19 Sold (Public Records) $250,334 Public Records
• 2009-01-09 Listed $219,900 GSREIN
• 2009-01-09 Listed $219,900 AcadianaMLS
• 2008-06-16 Listed $219,500 GSREIN
• 2008-06-16 Listed $219,500 AcadianaMLS
• 2007-12-06 Listed $224,900 GSREIN
• 2007-12-06 Listed $224,900 AcadianaMLS

Property tax history

-2.3%/yr

Latest (2025): $1,968 · -2.4% YoY. Source: county tax records.