306 Bellevue St · Jena, LA 71342

$69,000

3 bd · 1.0 ba · 1,741 sqft · SingleFamily public records · 251 Days on market

Built 1902 0.90 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
• Livability +3.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * * * INVESTOR SPECIAL * * * Looking for a home to rehab and resale? This large Victorian style home may be exactly what you have been looking for !! Home is situated on a beautiful one acre corner lot dotted with large oak trees and an adorable storage shed. Main living quarters are located downstairs along with two bedrooms and a bath. Upstairs are additional bedrooms and a wonderful play / recreation area. Living room features a natural gas fireplace, twelve foot ceilings and original architectural detailing making it the most unique home on the market. Property is being sold "as is"! Cash or conventional only. Come take a look and see this property's great potential.

Key facts

• One acre corner lot
• Play recreation area
• Large oak trees

Tags

• ONE ACRE CORNER LOT
• LARGE OAK TREES
• ADORABLE STORAGE SHED
• NATURAL GAS FIREPLACE
• PLAY RECREATION AREA

Property features AI

Exterior

• Parking: No designated parking
• Utilities: Electric service: Entergy
• Home design: Single-family residence
• Construction: Wood siding construction; Composition roof
• Exterior features: Composition roof; Wood siding

Interior

• Bedrooms: Three bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: No central heating; No central cooling
• Interior features: Living room; Dining room; Bedroom 1; Bedroom 2; Bedroom 3; Gas log fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $436 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#100 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: health & safety C-, employment D+, amenities F.
• Lasalle Parish (town): math 34% / 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.
• Market conditions: 29 active listings in the ZIP; 12 units permitted in LaSalle Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 251 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.
• Current owner paid $40k; list at $69k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 251 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1902 — 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. 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: 1.63% ✓
• Cap rate: 13.88%
• Cash-on-cash: 27.08%
• DSCR: 2.21
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $341,236
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1654 S Fourth St	0.48mi	3/2.0	1,627 (-6%)	1mo	$169,000	$104	62
755 Bellevue St	0.52mi	3/3.0	1,680 (-4%)	2mo	$330,000	$196	60

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: 21.0%
• Equity multiple: 1.86×
• Total profit: $16,592
• Equity at exit: $10,288

10-year hold

• IRR: 29.2%
• Equity multiple: 3.60×
• Total profit: $50,213
• Equity at exit: $5,966

Cash invested: $19,320 (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 71342

• Active inventory: 29
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,122 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$60 /mo · $715/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $436

Break-even live

Break-even rent $570

Max offer price $69,000

Occupancy floor 56%

Sensitivity live

Price	-10% $475	-5% $456	+0% $436	+5% $417	+10% $397
Rent	-10% $347	-5% $392	+0% $436	+5% $480	+10% $525
Rate	-1.0pp $471	-0.5pp $454	base $436	+0.5pp $418	+1.0pp $400

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $69,000 Active 251 DOM
2. 2026-06-17
   days on market $69,000 Active 250 DOM
3. 2026-06-16
   days on market $69,000 Active 249 DOM
4. 2026-06-15
   days on market $69,000 Active 248 DOM
5. 2026-06-13
   days on market $69,000 Active 246 DOM
6. 2026-06-12
   days on market $69,000 Active 245 DOM
7. 2026-06-09
   days on market $69,000 Active 242 DOM
8. 2026-06-08
   days on market $69,000 Active 241 DOM
9. 2026-06-07
   days on market $69,000 Active 240 DOM
10. 2026-06-05
    days on market $69,000 Active 238 DOM
11. 2026-06-04
    days on market $69,000 Active 236 DOM
12. 2026-06-02
    days on market $69,000 Active 235 DOM
13. 2026-06-01
    days on market $69,000 Active 234 DOM
14. 2026-05-31
    days on market $69,000 Active 233 DOM
15. 2026-05-31
    days on market $69,000 Active 232 DOM
16. 2025-10-10
    listed $69,000 Active
17. 2024-10-17
    soldstatus $40,000
18. 2024-07-23
    listed $70,000
19. 2018-12-06
    soldstatus $40,000
20. 2011-02-10
    soldstatus $41,000
21. 2003-02-18
    soldstatus $29,000

ⓘ 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: $715 · $60/mo
• Projected year-2 tax: $715 · $60/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $13,461
• − Mortgage interest: −$3,865
• − Property taxes: −$715
• − Insurance: −$345
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$2,007
• Taxable income: $4,376
• Est. tax owed @ 24.0%: −$1,050
• After-tax cash flow: $4,183/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: Lasalle Parish
• NCES district ID: 2200960
• Math proficiency: 34% ▼ -43.00%
• Reading proficiency: 45% ▼ -37.00%
• Median HH income: $38,258
• Composite: 32.92/100
• National rank: #5598
• State rank: #24 of 98 in LA

Livability — Jena

• Score: 68/100
• State rank: #100
• US rank: #10032

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jena, LA
• Population (ZIP): 7,389

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 15,185 people
• By 2030: 15,240 · +0.4%
• By 2040: 15,261 · +0.5%
• By 2050: 15,132 · -0.3%
• By 2075: 14,234 · -6.3%
• By 2100: 11,612 · -23.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 12% Two or more races 2% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · LaSalle

• 2024 margin: Solid R (+82.7) · D 8.2% · R 91.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -72.4pp · 2024: -82.7pp
• All cycles: 2024: R+82.7 2020: R+81.1 2016: R+79.6 2012: R+75.5 2008: R+72.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.22%
• Current HPI: 96.3399
• 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

+137.9% since first listed

6 events — show timeline

• 2025-10-10 Listed $69,000 AcadianaMLS
• 2024-10-17 Sold (Public Records) $40,000 Public Records
• 2024-07-23 Listed $70,000 AcadianaMLS
• 2018-12-06 Sold (Public Records) $40,000 Public Records
• 2011-02-10 Sold (Public Records) $41,000 Public Records
• 2003-02-18 Sold (Public Records) $29,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $715 · +0.0% YoY. Source: county tax records.