31199 Richardson Dr · Lacombe, LA 70445

$50,000

4 bd · 2.0 ba · 1,160 sqft · SingleFamily public records · 15 Days on market

Built 1989 0.53 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this Lacombe property, offering great potential for the right buyer! While the home needs repairs and updates, it offers a unique opportunity to bring your vision to life. Ideal for investors or buyers using renovation or construction financing, this property allows you to transform an existing structure into a personalized home without starting from the ground up. Whether you're looking to renovate and customize to your taste or create long-term value, this property is ready for a new chapter. Sold as-is, with plenty of upside for those ready to take on a project.

Key facts

• 0.53 acre lot
• Built 1989
• Listed 15 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $791 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 25.3% vs local median 4.2% in Lacombe — 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 63/100 on livability (#188 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: employment C-, 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: 219 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y 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

• Watch-outs: property tax is 2.8% of price.

Recommended offer $49,250 (1.5% below list)

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 3.02% ✓
• Cap rate: 25.28%
• Cash-on-cash: 67.82%
• DSCR: 4.02
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $171,680
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31219 May St	0.12mi	3/2.0 (-1)	1,171 (+1%)	1mo	$165,000	$141	86
60410 E Spruce Ln	0.23mi	4/2.0	1,140 (-2%)	15mo	$70,000	$61	74
31233 Lydia St	0.19mi	3/2.0 (-1)	1,123 (-3%)	13mo	$185,000	$165	70
31201 Lydia St	0.18mi	3/2.0 (-1)	1,283 (+11%)	18mo	$190,000	$148	54

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: 67.2%
• Equity multiple: 4.02×
• Total profit: $42,347
• Equity at exit: $7,455

10-year hold

• IRR: 71.4%
• Equity multiple: 8.29×
• Total profit: $101,996
• Equity at exit: $4,323

Cash invested: $14,000 (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 70445

• Home prices YoY: -24.4%
• Active inventory: 219
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,510 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $791

Break-even live

Break-even rent $508

Max offer price $50,000

Occupancy floor 43%

Sensitivity live

Price	-10% $820	-5% $805	+0% $791	+5% $777	+10% $763
Rent	-10% $672	-5% $732	+0% $791	+5% $851	+10% $910
Rate	-1.0pp $816	-0.5pp $804	base $791	+0.5pp $778	+1.0pp $765

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
60309 W Spruce Ln Lacombe, LA	3.0	2.0	1170	$1,450	$1.24	22d	1	0.56mi
61138 Jade St Lacombe, LA	3.0	2.0	1500	$1,700	$1.13	44d	1	1.39mi

Listing history 9 events

1. 2026-04-15
   status Pending 595-char remark

   Show marketing remark (595 chars)

   Opportunity awaits with this Lacombe property, offering great potential for the right buyer! While the home needs repairs and updates, it offers a unique opportunity to bring your vision to life. Ideal for investors or buyers using renovation or construction financing, this property allows you to transform an existing structure into a personalized home without starting from the ground up. Whether you're looking to renovate and customize to your taste or create long-term value, this property is ready for a new chapter. Sold as-is, with plenty of upside for those ready to take on a project.

2. 2026-04-15
   status Pending

   Show marketing remark (595 chars)

   Opportunity awaits with this Lacombe property, offering great potential for the right buyer! While the home needs repairs and updates, it offers a unique opportunity to bring your vision to life. Ideal for investors or buyers using renovation or construction financing, this property allows you to transform an existing structure into a personalized home without starting from the ground up. Whether you're looking to renovate and customize to your taste or create long-term value, this property is ready for a new chapter. Sold as-is, with plenty of upside for those ready to take on a project.

3. 2026-03-31
   listed $50,000 Active 595-char remark

   Show marketing remark (595 chars)

   Opportunity awaits with this Lacombe property, offering great potential for the right buyer! While the home needs repairs and updates, it offers a unique opportunity to bring your vision to life. Ideal for investors or buyers using renovation or construction financing, this property allows you to transform an existing structure into a personalized home without starting from the ground up. Whether you're looking to renovate and customize to your taste or create long-term value, this property is ready for a new chapter. Sold as-is, with plenty of upside for those ready to take on a project.

4. 2026-03-31
   listed $50,000 Active

   Show marketing remark (595 chars)

   Opportunity awaits with this Lacombe property, offering great potential for the right buyer! While the home needs repairs and updates, it offers a unique opportunity to bring your vision to life. Ideal for investors or buyers using renovation or construction financing, this property allows you to transform an existing structure into a personalized home without starting from the ground up. Whether you're looking to renovate and customize to your taste or create long-term value, this property is ready for a new chapter. Sold as-is, with plenty of upside for those ready to take on a project.

5. 2022-04-11
   soldstatus $126,000
6. 2014-06-20
   listed $110,500
7. 2014-06-20
   listed $110,500
8. 2003-12-03
   soldstatus $45,000
9. 2003-10-15
   listed $45,000

ⓘ 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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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: $18,115
• − Mortgage interest: −$2,801
• − Property taxes: −$1,420
• − Insurance: −$250
• − Repairs & maintenance: −$1,449
• − Management: −$1,449
• − Depreciation: −$1,455
• Taxable income: $9,291
• Est. tax owed @ 24.0%: −$2,230
• After-tax cash flow: $7,265/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 — Lacombe

• Score: 63/100
• State rank: #188
• US rank: #15034

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,421

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Black 25% Two or more races 15% Hispanic / Latino 12% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 13% Italian 2% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -57.75%
• Current HPI: 178.5418
• 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

+11.1% since first listed

9 events — show timeline

• 2026-04-15 Pending — AcadianaMLS
• 2026-04-15 Pending — GBRMLS
• 2026-03-31 Listed $50,000 GBRMLS
• 2026-03-31 Listed $50,000 AcadianaMLS
• 2022-04-11 Sold (Public Records) $126,000 Public Records
• 2014-06-20 Listed $110,500 GSREIN
• 2014-06-20 Listed $110,500 AcadianaMLS
• 2003-12-03 Sold (Public Records) $45,000 Public Records
• 2003-10-15 Listed $45,000 AcadianaMLS

Property tax history

+4.0%/yr

Latest (2025): $1,420 · -3.9% YoY. Source: county tax records.