26800 Kelli Dr · Walker, LA 70726

$110,000

3 bd · 2.0 ba · 1,280 sqft · Land · 22 Days on market

Built 1990 0.67 ac lot ↓ 4% since listing

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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 +4.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sweet 3BR/2BA home nestled on a quiet one-way street near shopping, schools, hospitals, medical offices, and recreation. Located in Flood Zone X, this property offers an excellent combination of location, affordability, and opportunity. Ideal for first-time buyers, investors, or anyone looking to downsize and start building equity. Features include an adorable front porch, mature shade trees, and a circular driveway that adds to the home's inviting curb appeal. Don't miss this little gem.

Key facts

• Adorable front porch
• Quiet one-way street
• Mature shade trees

Tags

• QUIET ONE-WAY STREET
• MATURE SHADE TREES
• CIRCULAR DRIVEWAY
• ADORABLE FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $110k.

Deal economics

• At list price, monthly cash flow is $854 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.6% vs local median 4.8% in Walker — 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 75/100 on livability (#19 in LA, #3,999 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities D-, commute F.
• Livingston Parish (suburban): math 40% / reading 52% proficiency, ranked #13 of 98 in LA (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.8%/yr); 976 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).
• This rent runs 31% of the median local income ($79k/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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.8% rent growth), your $31k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y 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 $85k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $108,350 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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?
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: 1.86% ✓
• Cap rate: 15.61%
• Cash-on-cash: 33.28%
• DSCR: 2.48
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.83% rent growth · sell at horizon

5-year hold

• IRR: 29.5%
• Equity multiple: 2.24×
• Total profit: $38,331
• Equity at exit: $16,401

10-year hold

• IRR: 37.3%
• Equity multiple: 4.60×
• Total profit: $110,738
• Equity at exit: $9,511

Cash invested: $30,800 (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 70726

• Rents YoY: 3.8%
• Active inventory: 976
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,044 medium
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $854

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 53%

Sensitivity live

Price	-10% $930	-5% $892	+0% $854	+5% $816	+10% $778
Rent	-10% $693	-5% $773	+0% $854	+5% $935	+10% $1,016
Rate	-1.0pp $910	-0.5pp $882	base $854	+0.5pp $826	+1.0pp $797

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12856 Silverbell Ave Denham Springs, LA	4.0	2.0	1829	$2,400	$1.31	44d	1	0.53mi
12850 Silverbell Ave Denham Springs, LA	3.0	2.0	1606	$2,200	$1.37	24d	1	0.54mi

Listing history 19 events

1. 2026-04-22
   status Pending 493-char remark

   Show marketing remark (493 chars)

   Sweet 3BR/2BA home nestled on a quiet one-way street near shopping, schools, hospitals, medical offices, and recreation. Located in Flood Zone X, this property offers an excellent combination of location, affordability, and opportunity. Ideal for first-time buyers, investors, or anyone looking to downsize and start building equity. Features include an adorable front porch, mature shade trees, and a circular driveway that adds to the home's inviting curb appeal. Don't miss this little gem.

2. 2026-04-22
   status Pending

   Show marketing remark (493 chars)

   Sweet 3BR/2BA home nestled on a quiet one-way street near shopping, schools, hospitals, medical offices, and recreation. Located in Flood Zone X, this property offers an excellent combination of location, affordability, and opportunity. Ideal for first-time buyers, investors, or anyone looking to downsize and start building equity. Features include an adorable front porch, mature shade trees, and a circular driveway that adds to the home's inviting curb appeal. Don't miss this little gem.

3. 2026-03-30
   listed $110,000 Active 493-char remark

   Show marketing remark (493 chars)

   Sweet 3BR/2BA home nestled on a quiet one-way street near shopping, schools, hospitals, medical offices, and recreation. Located in Flood Zone X, this property offers an excellent combination of location, affordability, and opportunity. Ideal for first-time buyers, investors, or anyone looking to downsize and start building equity. Features include an adorable front porch, mature shade trees, and a circular driveway that adds to the home's inviting curb appeal. Don't miss this little gem.

4. 2026-03-30
   listed $110,000 Active

   Show marketing remark (493 chars)

   Sweet 3BR/2BA home nestled on a quiet one-way street near shopping, schools, hospitals, medical offices, and recreation. Located in Flood Zone X, this property offers an excellent combination of location, affordability, and opportunity. Ideal for first-time buyers, investors, or anyone looking to downsize and start building equity. Features include an adorable front porch, mature shade trees, and a circular driveway that adds to the home's inviting curb appeal. Don't miss this little gem.

5. 2024-09-30
   historical
6. 2024-09-25
   price $80,000
7. 2024-08-06
   status Active
8. 2024-07-15
   historical
9. 2024-06-10
   status Active
10. 2024-05-23
    historical
11. 2024-03-22
    listed $80,000 Active
12. 2024-03-22
    listed $85,000 Active
13. 2023-05-01
    soldstatus Sold
14. 2023-05-01
    soldstatus $85,000
15. 2023-04-12
    historical
16. 2023-03-22
    price $98,000
17. 2023-02-24
    price $110,000
18. 2023-01-26
    listed $115,000 Active
19. 2023-01-26
    listed $98,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,522
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,962
• − Management: −$1,962
• − Depreciation: −$3,200
• Taxable income: $9,037
• Est. tax owed @ 24.0%: −$2,169
• After-tax cash flow: $8,081/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: Livingston Parish
• NCES district ID: 2201020
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 52% ▼ -32.00%
• Median HH income: $56,755
• Composite: 40.07/100
• National rank: #3811
• State rank: #13 of 98 in LA

Livability — Walker

• Score: 75/100
• State rank: #19
• US rank: #3999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Livingston Parish · 87,496 people
• City population: 23,921
• Metro: Baton Rouge, LA
• Population (ZIP): 63,575
• Household income: $78,621
• Rent vs Own: 27.0% rent · 73.0% own
• Severe rent burden: 1211.0

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 158,511 people
• By 2030: 168,241 · +6.1%
• By 2040: 186,252 · +17.5%
• By 2050: 201,516 · +27.1%
• By 2075: 231,217 · +45.9%
• By 2100: 241,697 · +52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Serbian 1% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+68.5) · D 15.1% · R 83.6% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -71.9pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+70.0 2016: R+72.5 2012: R+70.4 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.37%
• Current HPI: 170.2207
• Rent YoY: ▲ 3.83%
• 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

-4.3% since first listed

19 events — show timeline

• 2026-04-22 Pending — AcadianaMLS
• 2026-04-22 Pending — GBRMLS
• 2026-03-30 Listed $110,000 GBRMLS
• 2026-03-30 Listed $110,000 AcadianaMLS
• 2024-09-30 Delisted — GBRMLS
• 2024-09-25 Price Changed $80,000 GBRMLS
• 2024-08-06 Relisted — GBRMLS
• 2024-07-15 Delisted — GBRMLS
• 2024-06-10 Relisted — GBRMLS
• 2024-05-23 Delisted — GBRMLS
• 2024-03-22 Listed $85,000 GBRMLS
• 2024-03-22 Listed $80,000 AcadianaMLS
• 2023-05-01 Sold (Public Records) $85,000 Public Records
• 2023-05-01 Sold (MLS) — GBRMLS
• 2023-04-12 Delisted — GBRMLS
• 2023-03-22 Price Changed $98,000 GBRMLS
• 2023-02-24 Price Changed $110,000 GBRMLS
• 2023-01-26 Listed $98,000 AcadianaMLS
• 2023-01-26 Listed $115,000 GBRMLS

Property tax history

-8.0%/yr

Latest (2024): $191 · -10.8% YoY. Source: county tax records.