13464 Bourgeois Rd · Gonzales, LA 70737

$280,000

3 bd · 2.0 ba · 1,642 sqft · SingleFamily · 21 Days on market

Built 2015 0.31 ac lot $171/sqft · at area comps Est $292k · at est.

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Why this score? — see what drove the D- 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 +11.1/30.0
• ARV discount +9.4/15.0
• Schools +4.7/10.0
• Rent growth +3.3/5.0
• DSCR +3.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHECK OUT THIS 3 BED 2 BATH BARNDO ON NEARLY HALF AN ACRE IN ASCENSION PARISH! THIS HOME IS MOVE IN READY AND OFFERS EVERYTHING YOU'D EXPECT INCLUDING AN OVERSIZED WORKSHOP, GIANT CARPORT/BOATPORT/RV PORT AND COVERED PATIO! INSIDE OFFERS A SPACIOUS LIVING ROOM, BEAUTIFUL KITCHEN WITH CYPRESS CABINETS AND GRANITE COUNTERS, NICE SIZE ROOMS AND GREAT CLOSETS! ALL OF THIS IN FLOOD ZONE X (NO FLOOD INSURANCE REQUIRED)! DON'T MISS OUT ON THIS GEM!

Key facts

• Giant carport
• Covered patio
• Oversized workshop

Tags

• OVERSIZED WORKSHOP
• GIANT CARPORT
• BOATPORT
• RV PORT
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $260k (7.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (27.3% below list).
• Recommended offer: $204k (27.3% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.5% in Gonzales — 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 65/100 on livability (#135 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• Ascension Parish (suburban): math 48% / reading 58% proficiency, ranked #7 of 98 in LA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.3%/yr); 567 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 579 units permitted in Ascension 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.
• Ascension County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($276k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $175k; list at $280k implies a 60% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,638 (27.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.73% ✗
• Cap rate: 5.80%
• Cash-on-cash: -1.74%
• DSCR: 0.92
• GRM: 11.5

CMA / ARV

• ARV (median comp): $292,150
• List price: $280,000
• Delta: -4.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13464 Bourgeois Rd	0.00mi	3/2.0	1,642 (0%)	1mo	$280,000	$171	99
13172 Dee Gautreau Rd	0.57mi	3/2.0	1,621 (-1%)	9mo	$299,500	$185	64
14081 Garcon Rd	0.43mi	3/2.0	1,520 (-7%)	6mo	$310,000	$204	62
14275 Garcon Rd	0.72mi	3/2.5	1,624 (-1%)	4mo	$285,000	$175	59
13361 Reid Dr	0.63mi	3/2.0	1,683 (+2%)	14mo	$279,000	$166	55
13179 Dee Gautreau Rd	0.54mi	3/2.5	1,825 (+11%)	12mo	$349,900	$192	44
13310 Reid Dr	0.69mi	3/2.0	1,872 (+14%)	8mo	$278,000	$149	38
42252 Highway 621	0.33mi	4/2.0 (+1)	1,880 (+14%)	22mo	$320,000	$170	37
13384 Reid Dr	0.65mi	3/2.0	1,840 (+12%)	22mo	$2,000	$1	32

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 · 3.26% rent growth · sell at horizon

5-year hold

• IRR: -19.0%
• Equity multiple: 0.33×
• Total profit: $-52,192
• Equity at exit: $41,749

10-year hold

• IRR: -11.1%
• Equity multiple: 0.32×
• Total profit: $-52,991
• Equity at exit: $24,209

Cash invested: $78,400 (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 70737

• Rents YoY: 3.3%
• Active inventory: 567
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $2,036 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$138 /mo · $1,652/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $-114

Break-even live

Break-even rent $2,181

Max offer price $259,879

Occupancy floor —

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13153 Ducks Landing St Gonzales, LA	4.0	3.0	1825	$2,750	$1.51	43d	1	1.10mi

Listing history 6 events

1. 2026-05-08
   status Pending 445-char remark

   Show marketing remark (449 chars)

   CHECK OUT THIS 3 BED 2 BATH BARNDO ON NEARLY HALF AN ACRE IN ASCENSION PARISH! THIS HOME IS MOVE IN READY AND OFFERS EVERYTHING YOU'D EXPECT INCLUDING AN OVERSIZED WORKSHOP, GIANT CARPORT/BOATPORT/RV PORT AND COVERED PATIO! INSIDE OFFERS A SPACIOUS LIVING ROOM, BEAUTIFUL KITCHEN WITH CYPRESS CABINETS AND GRANITE COUNTERS, NICE SIZE ROOMS AND GREAT CLOSETS! ALL OF THIS IN FLOOD ZONE X (NO FLOOD INSURANCE REQUIRED)! DON'T MISS OUT ON THIS GEM!

2. 2026-05-08
   status Pending 449-char remark

   Show marketing remark (449 chars)

   CHECK OUT THIS 3 BED 2 BATH BARNDO ON NEARLY HALF AN ACRE IN ASCENSION PARISH! THIS HOME IS MOVE IN READY AND OFFERS EVERYTHING YOU'D EXPECT INCLUDING AN OVERSIZED WORKSHOP, GIANT CARPORT/BOATPORT/RV PORT AND COVERED PATIO! INSIDE OFFERS A SPACIOUS LIVING ROOM, BEAUTIFUL KITCHEN WITH CYPRESS CABINETS AND GRANITE COUNTERS, NICE SIZE ROOMS AND GREAT CLOSETS! ALL OF THIS IN FLOOD ZONE X (NO FLOOD INSURANCE REQUIRED)! DON'T MISS OUT ON THIS GEM!

3. 2026-04-16
   listed $280,000 Active 445-char remark

   Show marketing remark (449 chars)

   CHECK OUT THIS 3 BED 2 BATH BARNDO ON NEARLY HALF AN ACRE IN ASCENSION PARISH! THIS HOME IS MOVE IN READY AND OFFERS EVERYTHING YOU'D EXPECT INCLUDING AN OVERSIZED WORKSHOP, GIANT CARPORT/BOATPORT/RV PORT AND COVERED PATIO! INSIDE OFFERS A SPACIOUS LIVING ROOM, BEAUTIFUL KITCHEN WITH CYPRESS CABINETS AND GRANITE COUNTERS, NICE SIZE ROOMS AND GREAT CLOSETS! ALL OF THIS IN FLOOD ZONE X (NO FLOOD INSURANCE REQUIRED)! DON'T MISS OUT ON THIS GEM!

4. 2026-04-16
   listed $280,000 Active 449-char remark

   Show marketing remark (449 chars)

   CHECK OUT THIS 3 BED 2 BATH BARNDO ON NEARLY HALF AN ACRE IN ASCENSION PARISH! THIS HOME IS MOVE IN READY AND OFFERS EVERYTHING YOU'D EXPECT INCLUDING AN OVERSIZED WORKSHOP, GIANT CARPORT/BOATPORT/RV PORT AND COVERED PATIO! INSIDE OFFERS A SPACIOUS LIVING ROOM, BEAUTIFUL KITCHEN WITH CYPRESS CABINETS AND GRANITE COUNTERS, NICE SIZE ROOMS AND GREAT CLOSETS! ALL OF THIS IN FLOOD ZONE X (NO FLOOD INSURANCE REQUIRED)! DON'T MISS OUT ON THIS GEM!

5. 2018-07-06
   soldstatus $174,900
6. 2002-06-06
   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: $1,652 · $138/mo
• Projected year-2 tax: $1,652 · $138/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,437
• − Mortgage interest: −$15,684
• − Property taxes: −$1,652
• − Insurance: −$1,400
• − Repairs & maintenance: −$1,955
• − Management: −$1,955
• − Depreciation: −$8,145
• Taxable loss: −$6,355
• Est. tax savings @ 24.0%: +$1,525
• After-tax cash flow: $158/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: Ascension Parish
• NCES district ID: 2200090
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 58% ▼ -25.00%
• Median HH income: $68,423
• Composite: 47.0/100
• National rank: #2347
• State rank: #7 of 98 in LA

Livability — Gonzales

• Score: 65/100
• State rank: #135
• US rank: #12429

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ascension Parish · 98,362 people
• City population: 49,084
• Metro: Baton Rouge, LA
• Population (ZIP): 49,084
• Household income: $82,521
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 863.0

Population outlook (Ascension County) Hauer SSP2

• Today (2025): 145,480 people
• By 2030: 158,329 · +8.8%
• By 2040: 183,741 · +26.3%
• By 2050: 207,615 · +42.7%
• By 2075: 260,244 · +78.9%
• By 2100: 289,576 · +99.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 59% Black 26% Hispanic / Latino 10% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 15% Serbian 1% Slovak 1%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 9% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Ascension

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.1% · Other 1.7%
• 2008→2024 swing: +1.7pp toward D · 2008: -35.7pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+32.5 2016: R+36.0 2012: R+34.3 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.49%
• Current HPI: 145.3384
• Rent YoY: ▲ 3.26%
• 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

+60.1% since first listed

6 events — show timeline

• 2026-05-08 Pending — AcadianaMLS
• 2026-05-08 Pending — GBRMLS
• 2026-04-16 Listed $280,000 GBRMLS
• 2026-04-16 Listed $280,000 AcadianaMLS
• 2018-07-06 Sold (Public Records) $174,900 Public Records
• 2002-06-06 Sold (Public Records) — Public Records

Property tax history

+32.0%/yr

Latest (2025): $1,652 · -1.8% YoY. Source: county tax records.