2021 Lenora St · Franklinton, LA 70438

$110,000

3 bd · 1.0 ba · 900 sqft · SingleFamily · 149 Days on market

Built 1970 10,001 sqft lot $122/sqft · 19% below area Est $136k · 19% 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 +27.1/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +7.3/10.0
• Livability +3.5/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3bd/1bth cottage on an oversized lot just 4 mins to the heart of Franklinton! Covered porch welcomes you into the cozy living room. A bright, functional kitchen offers ample cabinet storage, durable countertops, a tiled backsplash, and a convenient layout that makes meal prep a breeze. Carpeted bedrooms feature updated lighting and freshly painted walls. Guest bathroom features a clean, updated look with a modern vanity, sleek faucet, contemporary mirror, and a tub/shower combo with stylish tile accents. Fantastic, covered carport with extra wide concrete parking pad for extra car storage. Large yard with storage shed in rear. Home has window units for air conditioning and gas heaters throughout. Convenient location, just minutes to shopping and grocery! Flood zone X - no flood insurance required. A MUST SEE! Make it yours today.

Key facts

• Covered porch
• Functional kitchen
• Tiled backsplash

Tags

• COVERED PORCH
• FUNCTIONAL KITCHEN
• AMPLE CABINET STORAGE
• TILED BACKSPLASH
• UPDATED LIGHTING
• MODERN VANITY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $312 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 5.5% in Franklinton — 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 69/100 on livability (#67 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Washington Parish (rural): math 27% / reading 41% proficiency, ranked #38 of 98 in LA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 246 active listings in the ZIP; 10 units permitted in Washington Parish in 2024 (0 in 5+ unit buildings).

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.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($97k) 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.

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 $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 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 1970 — 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. 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.
6. 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.
7. 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: 1.23% ✓
• Cap rate: 9.69%
• Cash-on-cash: 12.14%
• DSCR: 1.54
• GRM: 6.8

CMA / ARV

• ARV (median comp): $136,106
• List price: $110,000
• Delta: -19.18%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1410 Bene St. St	0.62mi	3/2.0	1,034 (+15%)	11mo	$140,000	$135	33

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: 1.7%
• Equity multiple: 1.07×
• Total profit: $2,036
• Equity at exit: $16,401

10-year hold

• IRR: 11.3%
• Equity multiple: 1.89×
• Total profit: $27,404
• 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 70438

• Home prices YoY: -14.2%
• Active inventory: 246
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,357 medium
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $312

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 72%

Sensitivity live

Price	-10% $388	-5% $350	+0% $312	+5% $274	+10% $235
Rent	-10% $204	-5% $258	+0% $312	+5% $365	+10% $419
Rate	-1.0pp $367	-0.5pp $339	base $312	+0.5pp $283	+1.0pp $254

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: —

Listing history 17 events

1. 2026-06-21
   days on market $110,000 Active 149 DOM
2. 2026-06-18
   days on market $110,000 Active 146 DOM
3. 2026-06-17
   days on market $110,000 Active 145 DOM
4. 2026-06-16
   days on market $110,000 Active 144 DOM
5. 2026-06-15
   days on market $110,000 Active 143 DOM
6. 2026-06-13
   days on market $110,000 Active 141 DOM
7. 2026-06-10
   days on market $110,000 Active 138 DOM
8. 2026-06-09
   days on market $110,000 Active 137 DOM
9. 2026-06-08
   days on market $110,000 Active 136 DOM
10. 2026-06-07
    days on market $110,000 Active 135 DOM
11. 2026-06-03
    days on market $110,000 Active 131 DOM
12. 2026-06-02
    days on market $110,000 Active 130 DOM
13. 2026-06-01
    days on market $110,000 Active 129 DOM
14. 2026-05-31
    days on market $110,000 Active 128 DOM
15. 2026-01-23
    listed $110,000 Active 850-char remark

    Show marketing remark (850 chars)

    Charming 3bd/1bth cottage on an oversized lot just 4 mins to the heart of Franklinton! Covered porch welcomes you into the cozy living room. A bright, functional kitchen offers ample cabinet storage, durable countertops, a tiled backsplash, and a convenient layout that makes meal prep a breeze. Carpeted bedrooms feature updated lighting and freshly painted walls. Guest bathroom features a clean, updated look with a modern vanity, sleek faucet, contemporary mirror, and a tub/shower combo with stylish tile accents. Fantastic, covered carport with extra wide concrete parking pad for extra car storage. Large yard with storage shed in rear. Home has window units for air conditioning and gas heaters throughout. Convenient location, just minutes to shopping and grocery! Flood zone X - no flood insurance required. A MUST SEE! Make it yours today.

16. 2026-01-23
    listed $110,000 Active 850-char remark

    Show marketing remark (850 chars)

    Charming 3bd/1bth cottage on an oversized lot just 4 mins to the heart of Franklinton! Covered porch welcomes you into the cozy living room. A bright, functional kitchen offers ample cabinet storage, durable countertops, a tiled backsplash, and a convenient layout that makes meal prep a breeze. Carpeted bedrooms feature updated lighting and freshly painted walls. Guest bathroom features a clean, updated look with a modern vanity, sleek faucet, contemporary mirror, and a tub/shower combo with stylish tile accents. Fantastic, covered carport with extra wide concrete parking pad for extra car storage. Large yard with storage shed in rear. Home has window units for air conditioning and gas heaters throughout. Convenient location, just minutes to shopping and grocery! Flood zone X - no flood insurance required. A MUST SEE! Make it yours today.

17. 2007-09-26
    soldstatus

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $16,279
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,302
• − Management: −$1,302
• − Depreciation: −$3,200
• Taxable income: $2,113
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $3,231/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: Washington Parish
• NCES district ID: 2201860
• Math proficiency: 27% ▼ -34.00%
• Reading proficiency: 41% ▼ -29.00%
• Median HH income: $34,972
• Composite: 28.03/100
• National rank: #6844
• State rank: #38 of 98 in LA

Livability — Franklinton

• Score: 69/100
• State rank: #67
• US rank: #8352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklinton, LA
• Population (ZIP): 19,935

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 22% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Slovak 2% German 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.73%
• Current HPI: 191.4762
• 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

+0.0% since first listed

3 events — show timeline

• 2026-01-23 Listed $110,000 AcadianaMLS
• 2026-01-23 Listed $110,000 GSREIN
• 2007-09-26 Sold (Public Records) — Public Records

Property tax history

-1.5%/yr

Latest (2025): $173 · +0.4% YoY. Source: county tax records.