9352 Martinique Dr · Gardere, LA 70810

$142,000

3 bd · 2.0 ba · 1,080 sqft · SingleFamily public records · 5 Days on market

Built 2006 6,098 sqft lot Est $121k · 17% over

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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 +17.1/30.0
• DSCR +5.3/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come See this cute updated New Orleans style home!! This home would be great for first timers, down graders and/or investors for a rental or an airbnb

Key facts

• 6,098 sq ft lot
• 2 parking spots
• Built 2006

Property features AI

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer; Cable connected
• Home design: Detached single-family residence; Residential property
• Construction: Cement siding; Other construction materials; Pillar/post/pier foundation; Built as single-story (entry level not specified)
• Exterior features: Rectangular lot

Interior

• Kitchen: Dishwasher
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Porch
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $33 ($392/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (9.4% below list).
• Recommended offer: $129k (9.4% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.2% in Gardere — 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 64/100 on livability (#167 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A, housing A; Watch: crime D, employment D, amenities F.
• 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.
• Zoned schools: Magnolia Woods Elementary School (math 19% / reading 28%, grade F, #406 of 646 statewide, top 63%, 528 students, 79% FRL); Westdale Middle School (math 15% / reading 30%, grade F, #151 of 218 statewide, top 70%, 757 students, 69% FRL); Liberty High School (math 50% / reading 74%, grade B-, #15 of 265 statewide, top 6%, 1,208 students, 60% FRL).
• Market conditions: Rents flat; 629 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent is only 17% of the median local income ($92k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $982 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 6y 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 $110k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,656 (9.4% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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. 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?
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: 0.91% ✗
• Cap rate: 7.13%
• Cash-on-cash: 2.99%
• DSCR: 1.13
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $120,960
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2239 St Croix Ave	0.04mi	3/2.0	1,112 (+3%)	5mo	$125,000	$112	89
2167 St Croix Ave	0.04mi	3/2.0	1,112 (+3%)	12mo	$125,000	$112	83
9390 Pascagoula Dr	0.06mi	3/2.0	1,112 (+3%)	15mo	$125,000	$112	80
9351 Bimini Dr	0.08mi	3/2.0	1,112 (+3%)	16mo	$125,000	$112	78
9398 Pascagoula Dr	0.06mi	2/2.0 (-1)	1,100 (+2%)	20mo	$3,000	$3	72
1832 Elvin Dr	0.21mi	3/2.0	1,112 (+3%)	20mo	$1,400	$1	69
1835 General Cleburne Ave	0.30mi	2/1.0 (-1)	1,105 (+2%)	8mo	$92,000	$83	66
1835 Fountain Ave	0.54mi	2/2.0 (-1)	1,150 (+6%)	1mo	$155,000	$135	58
9555 Old Hermitage Pkwy	0.55mi	3/2.0	1,200 (+11%)	1mo	$235,000	$196	55
2144 General Mouton Ave	0.22mi	3/2.0	1,210 (+12%)	19mo	$180,000	$149	54
2279 St Croix Ave	0.06mi	2/1.5 (-1)	936 (-13%)	19mo	$118,000	$126	52
2131 Fountain Ave	0.53mi	2/2.0 (-1)	1,155 (+7%)	19mo	$124,700	$108	43

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 · 0.68% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.40×
• Total profit: $-23,842
• Equity at exit: $21,173

10-year hold

• IRR: -14.4%
• Equity multiple: 0.26×
• Total profit: $-29,493
• Equity at exit: $12,278

Cash invested: $39,760 (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 70810

• Rents YoY: 0.7%
• Active inventory: 629
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,287 high
• Mortgage (P&I): −$745
• Tax from tax record: −$113 /mo · $1,361/yr
• Insurance: −$59
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $33

Break-even live

Break-even rent $1,245

Max offer price $142,000

Occupancy floor 92%

Sensitivity live

Price	-10% $113	-5% $73	+0% $33	+5% $-7	+10% $-48
Rent	-10% $-69	-5% $-18	+0% $33	+5% $84	+10% $134
Rate	-1.0pp $104	-0.5pp $69	base $33	+0.5pp $-4	+1.0pp $-42

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1934 Elvin Dr Baton Rouge, LA	3.0	2.0	1112	$1,600	$1.44	45d	1	0.18mi
2934 Nicholson Lake Dr Baton Rouge, LA	3.0	2.0	1500	$2,000	$1.33	45d	1	0.38mi
2934 Nicholson Lake Dr Baton Rouge, LA	3.0	2.0	1500	$2,000	$1.33	25d	1	0.38mi
3111 Nicholson Lake Dr Baton Rouge, LA	3.0	2.0	1468	$2,000	$1.36	23d	1	0.45mi
2705 Amanda Dr Unit A Baton Rouge, LA	2.0	2.0	972	$800	$0.82	16d	1	0.46mi
8526 Leake Ave Unit 8526-D Baton Rouge, LA	2.0	2.0	974	$900	$0.92	45d	1	0.54mi
2038 Jasper Ave Unit GM 2038-C Baton Rouge, LA	2.0	1.5	1100	$900	$0.82	45d	1	0.55mi
2182 Gardere Ln Unit B Baton Rouge, LA	2.0	2.0	1000	$800	$0.80	25d	1	0.56mi
11959 Nicholson Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	1092	$1,678	$1.54	16d	6	0.57mi
2265 Anne Marie Dr Unit D Baton Rouge, LA	2.0	2.0	972	$800	$0.82	45d	1	0.58mi
2029 Jasper Ave Unit 2029-D Baton Rouge, LA	3.0	2.0	1350	$1,200	$0.89	46d	1	0.59mi
2029 Jasper Ave Unit 2029-B Baton Rouge, LA	3.0	2.0	1350	$1,250	$0.93	25d	1	0.59mi
8726 Elvin Dr Unit B Baton Rouge, LA	2.0	1.5	1300	$1,800	$1.38	45d	1	0.60mi
8726 Elvin Dr Unit B Baton Rouge, LA	2.0	1.5	1300	$1,800	$1.38	25d	1	0.60mi
8736 Elvin Dr Unit A Baton Rouge, LA	2.0	1.5	1140	$1,100	$0.96	45d	1	0.61mi
8736 Elvin Dr Unit C Baton Rouge, LA	2.0	1.5	1140	$1,100	$0.96	25d	1	0.61mi
2266 Anne Marie Dr Unit B Baton Rouge, LA	2.0	2.0	1000	$900	$0.90	45d	1	0.61mi
2266 Anne Marie Dr Unit C Baton Rouge, LA	2.0	2.0	1000	$750	$0.75	45d	1	0.61mi
2266 Anne Marie Dr Unit C Baton Rouge, LA	2.0	2.0	1000	$850	$0.85	16d	1	0.61mi
8425 Ned Ave Unit D Baton Rouge, LA	2.0	2.0	970	$875	$0.90	45d	1	0.62mi
1646 Jade Ave Unit GM 1646-D Baton Rouge, LA	2.0	1.5	1100	$900	$0.82	16d	1	0.63mi
1646 Jade Ave Unit GM 1646-C Baton Rouge, LA	2.0	1.5	1100	$850	$0.77	45d	1	0.63mi
1616 Jade Ave Baton Rouge, LA	2.0	1.5	1000	$900	$0.90	25d	1	0.63mi
2059 Mariner Dr Unit 2059-20 Baton Rouge, LA	2.0	2.0	950	$925	$0.97	25d	1	0.65mi
1717 Jade Ave Unit 2 Gardere, LA	2.0	1.5	1000	$900	$0.90	45d	1	0.66mi
1717 Jade Ave Unit 1 Baton Rouge, LA	2.0	1.5	1000	$900	$0.90	25d	1	0.66mi
8724 GSRI Ave Unit 8724-B Baton Rouge, LA	2.0	1.0	853	$950	$1.11	16d	1	0.68mi
8723 GSRI Ave Unit 8723-B Baton Rouge, LA	2.0	1.0	853	$950	$1.11	23d	1	0.71mi
1434 Jasper Ave Baton Rouge, LA	2.0	1.5	1000	$800	$0.80	45d	1	0.77mi
8234 Keel Ave Baton Rouge, LA	3.0	2.0	1000	$1,000	$1.00	45d	1	0.78mi
1773 Starboard Dr Unit 1773-1 Baton Rouge, LA	2.0	1.5	1100	$995	$0.90	21d	1	0.78mi
8246 Ned Ave Apt C Baton Rouge, LA	2.0	2.0	990	$750	$0.76	25d	1	0.80mi
8911 GSRI Ave Baton Rouge, LA	2.0	2.0	1100	$1,150	$1.05	45d	1	0.82mi
8215 Skysail Ave Baton Rouge, LA	2.0	2.0	1000	$750	$0.75	25d	1	0.84mi
8727 Granite Dr Unit 8727-C Baton Rouge, LA	2.0	1.5	1100	$940	$0.85	21d	1	0.86mi
8225 Ned Ave Unit 8225-C Baton Rouge, LA	2.0	2.0	970	$950	$0.98	46d	1	0.86mi
1658 Starboard Dr Unit 1658-C Baton Rouge, LA	2.0	1.5	1100	$850	$0.77	16d	1	0.86mi
9250 Pecan Tree Dr Baton Rouge, LA	3.0	2.0	1291	$1,650	$1.28	25d	1	0.87mi
1711 Mast Dr Unit 1711-4 Baton Rouge, LA	3.0	2.5	1185	$1,100	$0.93	46d	1	0.87mi
1648 Starboard Dr Apt C Baton Rouge, LA	2.0	1.0	980	$850	$0.87	45d	1	0.87mi

Listing history 5 events

1. 2026-06-17
   status $142,000 Pending 5 DOM
2. 2026-06-16
   days on market $142,000 Active 5 DOM
3. 2026-06-15
   days on market $142,000 Active 4 DOM
4. 2026-06-14
   remarks 150-char remark
5. 2026-06-14
   listed $142,000 Active 2 DOM

ⓘ 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: $1,361 · $113/mo
• Projected year-2 tax: $1,361 · $113/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 7/10 Severe FEMA zone X · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,439
• − Mortgage interest: −$7,954
• − Property taxes: −$1,361
• − Insurance: −$1,508
• − Repairs & maintenance: −$1,235
• − Management: −$1,235
• − Depreciation: −$4,131
• Taxable loss: −$1,985
• Est. tax savings @ 24.0%: +$476
• After-tax cash flow: $869/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 — Gardere

• Score: 64/100
• State rank: #167
• US rank: #14008

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gardere, LA
• County: East Baton Rouge Parish · 399,686 people
• Metro: Baton Rouge, LA
• Population (ZIP): 42,659
• Household income: $92,098
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1106.0

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 0.60)
• Race & ethnicity: White 55% Black 29% Hispanic / Latino 7% Two or more races 6% Asian 6%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 11% Slovak 2% Scottish 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -117.55%
• Current HPI: 172.7593
• Rent YoY: ▲ 0.68%
• 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

+23.5% since first listed

8 events — show timeline

• 2026-06-11 Listed $142,000 AcadianaMLS
• 2026-06-11 Listed $142,000 GBRMLS
• 2021-06-24 Sold (Public Records) $110,000 Public Records
• 2021-06-23 Sold (MLS) — GBRMLS
• 2021-03-25 Pending — GBRMLS
• 2021-02-20 Price Changed $110,000 GBRMLS
• 2020-02-20 Listed $110,000 AcadianaMLS
• 2020-02-20 Listed $115,000 GBRMLS

Property tax history

+3.5%/yr

Latest (2025): $1,361 · -0.4% YoY. Source: county tax records.