309 E Texas Ave · Ruston, LA 71270

$132,900

2 bd · 1.0 ba · 1,346 sqft · SingleFamily public records · 103 Days on market

Built 1932 9,147 sqft lot $99/sqft · 22% below area Est $170k · 22% under

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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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +6.1/10.0
• Rent growth +4.2/5.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming older home features 2 bedrooms, 1 bath. Great investment property or first time home buyer.

Key facts

• 9,147 sq ft lot
• Garage
• Built 1932

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $133k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $133k).
• Recommended offer: $121k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 3.2% in Ruston — 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 68/100 on livability (#86 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: amenities C-, crime F, commute F.
• Lincoln Parish (town): math 35% / reading 45% proficiency, ranked #24 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Glen View Elementary School (487 students, 69% FRL); Ruston Junior High School (math 23% / reading 38%, grade F, #112 of 218 statewide, top 52%, 558 students, 60% FRL); Ruston High School (math 53% / reading 60%, grade C, #26 of 265 statewide, top 10%, 1,310 students, 50% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents rising fast (+6.6%/yr); 277 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 171 units permitted in Lincoln Parish in 2024 (0 in 5+ unit buildings).
• At $1,474/mo this rent would consume 48% of the median local household income ($37k/yr) (locally 2476% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $919 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lincoln County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $37k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 15535% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 76% 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 $120,939 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1932 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.11% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.92%
• DSCR: 1.53
• GRM: 7.5

CMA / ARV

• ARV (median comp): $169,829
• List price: $132,900
• Delta: -21.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 E Texas St	0.17mi	3/2.0 (+1)	1,306 (-3%)	13mo	$136,500	$105	68
315 Vernon St	0.09mi	3/2.0 (+1)	1,380 (+2%)	21mo	$225,000	$163	65
311 Standifer Ave	0.49mi	3/2.0 (+1)	1,206 (-10%)	1mo	$198,500	$165	50
504 E Texas St	0.17mi	3/2.0 (+1)	1,232 (-8%)	23mo	$124,000	$101	50
904 E California Ave	0.62mi	3/2.0 (+1)	1,156 (-14%)	10mo	$49,900	$43	30
803 Sandy Ln	0.63mi	3/2.0 (+1)	1,204 (-10%)	23mo	$199,000	$165	25
839 Melissa Ln	0.71mi	3/2.0 (+1)	1,160 (-14%)	12mo	$170,000	$147	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 · 6.6% rent growth · sell at horizon

5-year hold

• IRR: 5.0%
• Equity multiple: 1.20×
• Total profit: $7,490
• Equity at exit: $19,816

10-year hold

• IRR: 17.3%
• Equity multiple: 2.64×
• Total profit: $61,072
• Equity at exit: $11,491

Cash invested: $37,212 (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 71270

• Home prices YoY: -16.1%
• Rents YoY: 6.6%
• Active inventory: 277
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,474 high
• Mortgage (P&I): −$697
• Tax from tax record: −$42 /mo · $509/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $370

Break-even live

Break-even rent $1,006

Max offer price $132,900

Occupancy floor 70%

Sensitivity live

Price	-10% $445	-5% $407	+0% $370	+5% $332	+10% $294
Rent	-10% $253	-5% $312	+0% $370	+5% $428	+10% $486
Rate	-1.0pp $437	-0.5pp $404	base $370	+0.5pp $335	+1.0pp $300

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: $33,225
• Closing costs: $3,987
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 S Monroe St Ruston, LA	2.0	1.0	1237	$1,200	$0.97	45d	1	0.45mi
107 N Homer St Unit 1 Ruston, LA	2.0	2.0	1150	$2,750	$2.39	45d	1	0.62mi
107 N Homer St Unit 10 Ruston, LA	2.0	2.0	1190	$1,450	$1.22	45d	1	0.62mi
209 Goode Ave Ruston, LA	3.0	2.0	1600	$2,100	$1.31	45d	1	0.73mi
102 E Charlotte Ave Ruston, LA	2.0	1.0	1065	$750	$0.70	45d	1	1.07mi
705 Tech Dr Ruston, LA	3.0	1.0	1192	$1,200	$1.01	45d	1	1.09mi

Listing history 20 events

1. 2026-06-21
   days on market $132,900 Active 103 DOM
2. 2026-06-19
   days on market $132,900 Active 101 DOM
3. 2026-06-18
   days on market $132,900 Active 100 DOM
4. 2026-06-17
   days on market $132,900 Active 99 DOM
5. 2026-06-16
   days on market $132,900 Active 98 DOM
6. 2026-06-15
   days on market $132,900 Active 97 DOM
7. 2026-06-14
   days on market $132,900 Active 95 DOM
8. 2026-06-12
   days on market $132,900 Active 94 DOM
9. 2026-06-09
   days on market $132,900 Active 91 DOM
10. 2026-06-08
    days on market $132,900 Active 90 DOM
11. 2026-06-07
    days on market $132,900 Active 89 DOM
12. 2026-06-05
    days on market $132,900 Active 86 DOM
13. 2026-06-03
    days on market $132,900 Active 85 DOM
14. 2026-06-02
    days on market $132,900 Active 84 DOM
15. 2026-06-01
    days on market $132,900 Active 83 DOM
16. 2026-05-31
    days on market $132,900 Active 82 DOM
17. 2026-05-30
    days on market $132,900 Active 81 DOM
18. 2026-05-17
    historical $850
19. 2026-05-08
    listed $850
20. 2026-03-10
    listed $132,900 Active 100-char remark

    Show marketing remark (100 chars)

    Charming older home features 2 bedrooms, 1 bath. Great investment property or first time home buyer.

ⓘ 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: $509 · $42/mo
• Projected year-2 tax: $731 · $61/mo
• Expected delta: +$222/yr (+$19/mo · 43.7%)

ⓘ 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 ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% 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: $17,688
• − Mortgage interest: −$7,444
• − Property taxes: −$509
• − Insurance: −$664
• − Repairs & maintenance: −$1,415
• − Management: −$1,415
• − Depreciation: −$3,866
• Taxable income: $2,374
• Est. tax owed @ 24.0%: −$570
• After-tax cash flow: $3,867/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: Lincoln Parish
• NCES district ID: 2200990
• Math proficiency: 35% ▼ -32.00%
• Reading proficiency: 45% ▼ -27.00%
• Median HH income: $33,901
• Composite: 32.92/100
• National rank: #5599
• State rank: #24 of 98 in LA

Livability — Ruston

• Score: 68/100
• State rank: #86
• US rank: #9522

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ruston, LA
• County: Lincoln Parish · 32,885 people
• City population: 32,885
• Metro: Ruston, LA
• Population (ZIP): 32,885
• Household income: $36,791
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 2476.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 49,595 people
• By 2030: 50,954 · +2.7%
• By 2040: 53,601 · +8.1%
• By 2050: 57,178 · +15.3%
• By 2075: 69,580 · +40.3%
• By 2100: 79,862 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 51% Black 38% Two or more races 6% Hispanic / Latino 4% Asian 2% Native American 1%
• Common ancestry: Lithuanian 4% Slovak 2% Serbian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Lincoln

• 2024 margin: Strong R (+25.4) · D 36.5% · R 62.0% · Other 1.6%
• 2008→2024 swing: -13.0pp toward R · 2008: -12.5pp · 2024: -25.4pp
• All cycles: 2024: R+25.4 2020: R+19.5 2016: R+19.6 2012: R+14.7 2008: R+12.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.69%
• Current HPI: 212.8211
• Rent YoY: ▲ 6.60%
• Metro: Ruston, 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

3 events — show timeline

• 2026-05-17 Rental Removed $850 BUILDIUM
• 2026-05-08 Listed for Rent $850 BUILDIUM
• 2026-03-10 Listed $132,900 NELABOR

Property tax history

+0.9%/yr

Latest (2025): $509 · +0.0% YoY. Source: county tax records.