380 Bernardo Dr · Baton Rouge, LA 70806

$135,000

3 bd · 2.0 ba · 1,511 sqft · SingleFamily · 217 Days on market

Built 1978 6,098 sqft lot $89/sqft · 18% below area Est $165k · 18% under

---

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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +6.1/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MAKE AN OFFER on this hidden gem. Discover the charm and convenience of this cozy, cottage-style home, ideally located just 5 minutes away from I-10, downtown Baton Rouge, LSU and the Raising Cane's River Center. Within walking distance of Baton Rouge General Hospital and a 3 minute drive to the Garden District, Government Street and Baton Rouge Community College. 10-minute drive to Southern University This 3-bedroom, 2-bath home offers incredible potential. Perfect for investors or first-time homebuyers. With a little creativity and vision, you can transform this property into your dream home and build lasting equity for years to come. Come see the possibilities this well-located gem has to offer!

Key facts

• Cottage style home
• 6,098 sq ft lot
• 2 parking spots

Tags

• COTTAGE STYLE HOME
• WALKING DISTANCE OF HOSPITAL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.4%/yr); 238 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 32% of the median local income ($56k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $135k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 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 1978 — 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. 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?
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: 1.11% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.59%
• DSCR: 1.43
• GRM: 7.5

CMA / ARV

• ARV (median comp): $164,728
• List price: $135,000
• Delta: -18.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
262 Lovers Ln	0.38mi	3/2.0	1,486 (-2%)	5mo	$300,000	$202	75
314 Bedford Dr	0.59mi	3/2.0	1,513 (+0%)	0mo	$300,000	$198	72
119 West Dr	0.28mi	3/2.0	1,630 (+8%)	7mo	$347,500	$213	68
319 Hearthstone Dr	0.54mi	2/2.0 (-1)	1,499 (-1%)	4mo	$225,000	$150	66
4249 Convention St	0.28mi	3/2.0	1,357 (-10%)	7mo	$215,000	$158	64
728 Steele Blvd	0.65mi	3/2.0	1,555 (+3%)	2mo	$379,000	$244	63
405 Glenmore Ave	0.48mi	3/2.0	1,405 (-7%)	8mo	$260,000	$185	60
219 Westmoreland Dr	0.36mi	2/1.5 (-1)	1,366 (-10%)	0mo	$180,000	$132	60
416 East Dr	0.41mi	3/1.0	1,378 (-9%)	6mo	$205,000	$149	57
720 Richland Ave	0.66mi	3/2.0	1,577 (+4%)	7mo	$340,000	$216	56
2627 Edgewood Dr	0.74mi	3/2.0	1,371 (-9%)	9mo	$160,000	$117	43
154 Belleview Dr	0.74mi	3/2.0	1,295 (-14%)	2mo	$232,900	$180	40

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 · 3.42% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-2,019
• Equity at exit: $20,129

10-year hold

• IRR: 8.7%
• Equity multiple: 1.68×
• Total profit: $25,595
• Equity at exit: $11,672

Cash invested: $37,800 (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 70806

• Rents YoY: 3.4%
• Active inventory: 238
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,497 high
• Mortgage (P&I): −$708
• Tax from tax record: −$116 /mo · $1,398/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $302

Break-even live

Break-even rent $1,115

Max offer price $135,000

Occupancy floor 75%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3566 North St Baton Rouge, LA	4.0	2.0	1117	$1,050	$0.94	21d	1	0.26mi
239 West Dr Baton Rouge, LA	2.0	1.0	1428	$1,250	$0.88	23d	1	0.30mi
422 Glenmore Ave Baton Rouge, LA	3.0	2.0	1307	$1,700	$1.30	23d	1	0.45mi
3711 Cole Dr #3 Baton Rouge, LA	2.0	1.5	1200	$1,200	$1.00	43d	1	0.52mi
3044 Wilshire Dr Baton Rouge, LA	3.0	2.0	1734	$2,350	$1.36	14d	1	0.54mi
352 S Foster Dr Baton Rouge, LA	1.0–2.0	1.0–2.0	987	$1,475	$1.49	14d	2	0.65mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	43d	1	0.70mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,688	$1.30	14d	31	0.82mi
755 Arlington Ave Baton Rouge, LA	4.0	2.5	1760	$2,250	$1.28	19d	1	0.83mi
878 Kenmore Ave Unit C Baton Rouge, LA	2.0	1.0	1100	$1,000	$0.91	21d	1	0.86mi
1336 N 29th St Baton Rouge, LA	3.0	2.0	1400	$1,450	$1.04	14d	1	0.89mi
1404 N 29th St Baton Rouge, LA	3.0	2.0	1120	$1,100	$0.98	43d	1	0.92mi
373 Community College Dr Unit 206 Baton Rouge, LA	4.0	2.0	1300	$1,200	$0.92	43d	1	0.95mi
373 Community College Dr Unit 302 Baton Rouge, LA	4.0	2.0	1300	$1,100	$0.85	43d	1	0.95mi
2120 Convention St Baton Rouge, LA	3.0	2.0	2200	$1,675	$0.76	14d	1	0.99mi
925 Rittiner Dr Unit 927 Baton Rouge, LA	3.0	1.0	1147	$1,250	$1.09	43d	1	1.00mi
3906 S Barrow Dr Baton Rouge, LA	3.0	2.0	1523	$1,295	$0.85	23d	1	1.01mi
5000 Claycut Rd Baton Rouge, LA	1.0–4.0	1.0–2.5	1600	$1,841	$1.15	14d	1	1.01mi
1035 Rittiner Dr Baton Rouge, LA	3.0	1.0	1145	$1,200	$1.05	14d	1	1.05mi
343 S Fairfax Dr Baton Rouge, LA	4.0	2.0	1421	$1,700	$1.20	19d	1	1.06mi
303 S 21st St Baton Rouge, LA	3.0	1.0	1070	$825	$0.77	43d	1	1.06mi
950 S Foster Dr Baton Rouge, LA	1.0–2.0	1.0–2.0	888	$975	$1.10	14d	1	1.13mi
305 Saint Thomas Ln Baton Rouge, LA	2.0	2.0	1268	$2,200	$1.74	14d	1	1.20mi
305 Saint Thomas Ln Baton Rouge, LA	2.0	2.0	1268	$2,200	$1.74	23d	1	1.20mi
5704 Goodwood Crossing Ln Baton Rouge, LA	3.0	2.5	1571	$1,900	$1.21	14d	1	1.21mi
5704 Goodwood Crossing Ln Baton Rouge, LA	3.0	2.5	1571	$1,900	$1.21	43d	1	1.21mi
2347 Rhodes Ave Baton Rouge, LA	2.0	1.0	1250	$950	$0.76	19d	1	1.26mi
1251 N Ardenwood Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	923	$999	$1.08	43d	1	1.31mi
710 Park Blvd #6 Baton Rouge, LA	2.0	1.0	1111	$1,800	$1.62	14d	1	1.31mi
718 Park Blvd Unit 1 Baton Rouge, LA	2.0	1.0	1189	$1,500	$1.26	23d	1	1.32mi
5212 Jackson Ave Baton Rouge, LA	4.0	2.0	1500	$1,650	$1.10	23d	1	1.34mi
2225 Broussard St Baton Rouge, LA	4.0	2.0	2000	$2,400	$1.20	23d	1	1.35mi
802 S 18th St Baton Rouge, LA	3.0	2.0	1293	$1,690	$1.31	23d	1	1.41mi
650 N Ardenwood Dr Baton Rouge, LA	1.0–4.0	1.0–2.0	951	$1,229	$1.29	43d	1	1.47mi
1607 College Dr Baton Rouge, LA	1.0–2.0	1.0–2.0	1040	$1,030	$0.99	14d	1	1.47mi

Listing history 21 events

1. 2026-06-18
   days on market $135,000 Active 217 DOM
2. 2026-06-17
   days on market $135,000 Active 216 DOM
3. 2026-06-16
   days on market $135,000 Active 215 DOM
4. 2026-06-15
   days on market $135,000 Active 214 DOM
5. 2026-06-14
   days on market $135,000 Active 212 DOM
6. 2026-06-10
   days on market $135,000 Active 209 DOM
7. 2026-06-09
   days on market $135,000 Active 208 DOM
8. 2026-06-08
   days on market $135,000 Active 207 DOM
9. 2026-06-07
   days on market $135,000 Active 206 DOM
10. 2026-06-05
    days on market $135,000 Active 203 DOM
11. 2026-06-03
    days on market $135,000 Active 202 DOM
12. 2026-06-02
    days on market $135,000 Active 201 DOM
13. 2026-06-01
    days on market $135,000 Active 200 DOM
14. 2026-05-31
    days on market $135,000 Active 199 DOM
15. 2026-05-31
    days on market $135,000 Active 198 DOM
16. 2025-12-11
    price $135,000 707-char remark

    Show marketing remark (714 chars)

    MAKE AN OFFER on this hidden gem. Discover the charm and convenience of this cozy, cottage-style home, ideally located just 5 minutes away from I-10, downtown Baton Rouge, LSU and the Raising Cane’s River Center. Within walking distance of Baton Rouge General Hospital and a 3 minute drive to the Garden District, Government Street and Baton Rouge Community College. 10-minute drive to Southern University This 3-bedroom, 2-bath home offers incredible potential. Perfect for investors or first-time homebuyers. With a little creativity and vision, you can transform this property into your dream home and build lasting equity for years to come. Come see the possibilities this well-located gem has to offer!

17. 2025-12-11
    price $135,000 714-char remark

    Show marketing remark (714 chars)

    MAKE AN OFFER on this hidden gem. Discover the charm and convenience of this cozy, cottage-style home, ideally located just 5 minutes away from I-10, downtown Baton Rouge, LSU and the Raising Cane’s River Center. Within walking distance of Baton Rouge General Hospital and a 3 minute drive to the Garden District, Government Street and Baton Rouge Community College. 10-minute drive to Southern University This 3-bedroom, 2-bath home offers incredible potential. Perfect for investors or first-time homebuyers. With a little creativity and vision, you can transform this property into your dream home and build lasting equity for years to come. Come see the possibilities this well-located gem has to offer!

18. 2025-11-13
    listed $145,000 Active 714-char remark

    Show marketing remark (707 chars)

    MAKE AN OFFER on this hidden gem. Discover the charm and convenience of this cozy, cottage-style home, ideally located just 5 minutes away from I-10, downtown Baton Rouge, LSU and the Raising Cane's River Center. Within walking distance of Baton Rouge General Hospital and a 3 minute drive to the Garden District, Government Street and Baton Rouge Community College. 10-minute drive to Southern University This 3-bedroom, 2-bath home offers incredible potential. Perfect for investors or first-time homebuyers. With a little creativity and vision, you can transform this property into your dream home and build lasting equity for years to come. Come see the possibilities this well-located gem has to offer!

19. 2025-11-13
    listed $145,000 Active 707-char remark

    Show marketing remark (707 chars)

    MAKE AN OFFER on this hidden gem. Discover the charm and convenience of this cozy, cottage-style home, ideally located just 5 minutes away from I-10, downtown Baton Rouge, LSU and the Raising Cane's River Center. Within walking distance of Baton Rouge General Hospital and a 3 minute drive to the Garden District, Government Street and Baton Rouge Community College. 10-minute drive to Southern University This 3-bedroom, 2-bath home offers incredible potential. Perfect for investors or first-time homebuyers. With a little creativity and vision, you can transform this property into your dream home and build lasting equity for years to come. Come see the possibilities this well-located gem has to offer!

20. 2007-09-10
    soldstatus $90,000
21. 1999-03-18
    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: $1,398 · $116/mo
• Projected year-2 tax: $1,398 · $116/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $17,964
• − Mortgage interest: −$7,562
• − Property taxes: −$1,398
• − Insurance: −$675
• − Repairs & maintenance: −$1,437
• − Management: −$1,437
• − Depreciation: −$3,927
• Taxable income: $1,528
• Est. tax owed @ 24.0%: −$367
• After-tax cash flow: $3,257/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 28,302
• Household income: $55,642
• Rent vs Own: 57.0% rent · 43.0% own
• Severe rent burden: 1968.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 9% Slovak 2% Serbian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3% Chinese 1% French/Haitian/Cajun 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.56%
• Current HPI: 185.0655
• Rent YoY: ▲ 3.42%
• Metro: Baton Rouge, 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

+50.0% since first listed

6 events — show timeline

• 2025-12-11 Price Changed $135,000 AcadianaMLS
• 2025-12-11 Price Changed $135,000 GBRMLS
• 2025-11-13 Listed $145,000 GBRMLS
• 2025-11-13 Listed $145,000 AcadianaMLS
• 2007-09-10 Sold (Public Records) $90,000 Public Records
• 1999-03-18 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,398 · +4.7% YoY. Source: county tax records.