2908 N Foster Dr · Baton Rouge, LA 70805

$59,900

2 bd · 1.0 ba · 906 sqft · SingleFamily · 292 Days on market

Built 1949 6,098 sqft lot $66/sqft · 44% below area Est $106k · 44% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

Key facts

• Natural light
• Large living room
• Appliances that stay

Tags

• CORNER LOT
• MATURE TREES
• NEWER TUB/SHOWER INSERT
• APPLIANCES THAT STAY
• LARGE LIVING ROOM
• NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($903 rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.1% 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 soft (-1.2%/yr); 155 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 43% of the median local income ($25k/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 $414 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $17k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 292 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 292 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 1949 — 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: 1.51% ✓
• Cap rate: 13.09%
• Cash-on-cash: 24.26%
• DSCR: 2.08
• GRM: 5.5

CMA / ARV

• ARV (median comp): $106,404
• List price: $59,900
• Delta: -43.71%
• 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
3122 N Foster Dr	0.11mi	2/2.0	907 (+0%)	15mo	$125,000	$138	78
5122 Bradley St	0.15mi	2/1.0	900 (-1%)	17mo	$49,900	$55	77
5131 Fairfields Ave	0.56mi	2/1.0	900 (-1%)	2mo	$44,000	$49	71
3780 Conrad Dr	0.56mi	2/1.0	928 (+2%)	3mo	$16,000	$17	67
2975 Blackwell Dr	0.33mi	2/1.0	900 (-1%)	20mo	$95,000	$106	66
4014 Dalton St	0.55mi	2/1.0	890 (-2%)	10mo	$27,200	$31	63
3350 Conrad Dr	0.27mi	2/1.0	1,018 (+12%)	10mo	$90,000	$88	58
3969 Chippewa St	0.59mi	2/1.0	964 (+6%)	11mo	$35,000	$36	52
5617 Fairfields Ave	0.68mi	3/1.0 (+1)	880 (-3%)	8mo	$49,900	$57	52
5080 Jackson St	0.64mi	2/1.0	823 (-9%)	14mo	$49,900	$61	43
4852 Adams Ave	0.47mi	2/1.0	1,034 (+14%)	16mo	$39,000	$38	41
3911 Dalton St	0.64mi	3/1.0 (+1)	1,033 (+14%)	2mo	$29,000	$28	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 14.3%
• Equity multiple: 1.55×
• Total profit: $9,231
• Equity at exit: $8,931

10-year hold

• IRR: 20.8%
• Equity multiple: 2.52×
• Total profit: $25,575
• Equity at exit: $5,179

Cash invested: $16,772 (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 70805

• Rents YoY: -1.2%
• Active inventory: 155
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $903 high
• Mortgage (P&I): −$314
• Tax from tax record: −$35 /mo · $420/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$190
• Net cashflow: $339

Break-even live

Break-even rent $474

Max offer price $59,900

Occupancy floor 57%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3540 N Foster Dr Baton Rouge, LA	2.0	1.0	1000	$1,000	$1.00	23d	1	0.36mi
3258 Blackwell Dr Baton Rouge, LA	1.0	1.0	562	$750	$1.33	23d	1	0.38mi
3577 Mission Dr Baton Rouge, LA	2.0	1.0	755	$950	$1.26	18d	1	0.50mi
3647 Mission Dr Baton Rouge, LA	3.0	1.0	900	$895	$0.99	23d	1	0.54mi
3936 Dalton St Baton Rouge, LA	2.0	1.0	900	$750	$0.83	18d	1	0.65mi
3859 Brady St Baton Rouge, LA	2.0	1.0	800	$775	$0.97	43d	1	0.69mi
4380 Mohican-Prescott Crossover Baton Rouge, LA	2.0	2.0	910	$1,055	$1.16	43d	1	0.79mi
3942 W Brookstown Dr Baton Rouge, LA	1.0	1.0	650	$675	$1.04	43d	3	0.83mi
5617 Prescott Rd Baton Rouge, LA	1.0–2.0	1.0	687	$900	$1.31	23d	26	0.94mi
4189 W Brookstown Dr Baton Rouge, LA	1.0–2.0	1.0	695	$825	$1.19	14d	20	0.95mi
5350 Clayton Dr Baton Rouge, LA	3.0	1.0	1050	$850	$0.81	43d	1	1.07mi
2121 Lobdell Blvd Unit H54 Baton Rouge, LA	3.0	2.0	950	$1,194	$1.26	14d	1	1.13mi
3160 Wyandotte St Baton Rouge, LA	2.0	1.0	1100	$800	$0.73	43d	1	1.15mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,240	$0.95	14d	31	1.15mi
1217 N 44th St Baton Rouge, LA	3.0	2.0	1028	$950	$0.92	23d	1	1.18mi
1251 N Ardenwood Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	923	$899	$0.97	43d	1	1.28mi
3225 Victoria Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1062	$1,019	$0.96	14d	18	1.28mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	43d	1	1.29mi
1409 N 35th St Baton Rouge, LA	3.0	2.0	912	$750	$0.82	23d	1	1.35mi
2136 Lobdell Blvd Baton Rouge, LA	1.0–2.0	1.0–2.0	860	$1,066	$1.24	14d	24	1.41mi
787 N 47th St Baton Rouge, LA	3.0	2.0	1000	$800	$0.80	23d	1	1.41mi
2933 Dayton St Unit A Baton Rouge, LA	1.0	1.0	800	$540	$0.68	14d	1	1.48mi

Listing history 15 events

1. 2026-02-13
   price $59,900 375-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

2. 2026-02-13
   price $59,900 376-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

3. 2026-01-02
   price $64,900 375-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

4. 2026-01-02
   price $64,900 376-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

5. 2025-10-08
   price $59,900 375-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

6. 2025-10-08
   price $59,900 376-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

7. 2025-09-19
   price $62,900 375-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

8. 2025-09-19
   price $62,900 376-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

9. 2025-08-15
   price $69,900 375-char remark

   Show marketing remark (376 chars)

   BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

10. 2025-08-15
    price $69,900 376-char remark

    Show marketing remark (376 chars)

    BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

11. 2025-08-08
    listed $74,900 Active 376-char remark

    Show marketing remark (375 chars)

    BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

12. 2025-08-08
    listed $74,900 Active 375-char remark

    Show marketing remark (375 chars)

    BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

13. 2025-08-08
    listed $62,900 Active

    Show marketing remark (375 chars)

    BRAND NEW ARCHITECTURAL SHINGLE ROOF AS OF 1/2/2026! This house has been freshened up and sits on a desirable corner lot with lots of parking and mature trees. This quaint two bedroom house offers a bathroom with a newer tub/shower insert, appliances that stay with the house, and a large living room. The house has great natural light and tons of storage space for the size!

14. 2021-10-26
    soldstatus $190,000
15. 2011-12-14
    soldstatus $25,000

ⓘ 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: $420 · $35/mo
• Projected year-2 tax: $420 · $35/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 · 18 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,832
• − Mortgage interest: −$3,355
• − Property taxes: −$420
• − Insurance: −$300
• − Repairs & maintenance: −$867
• − Management: −$867
• − Depreciation: −$1,743
• Taxable income: $3,282
• Est. tax owed @ 24.0%: −$788
• After-tax cash flow: $3,281/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): 23,288
• Household income: $25,397
• Rent vs Own: 59.5% rent · 40.5% own
• Severe rent burden: 1980.0

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: Predominantly Black (95%)
• Race & ethnicity: Black 95% Hispanic / Latino 2% White 2% Two or more races 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -110.79%
• Current HPI: 75.7121
• Rent YoY: ▼ -1.21%
• 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

+139.6% since first listed

15 events — show timeline

• 2026-02-13 Price Changed $59,900 AcadianaMLS
• 2026-02-13 Price Changed $59,900 GBRMLS
• 2026-01-02 Price Changed $64,900 AcadianaMLS
• 2026-01-02 Price Changed $64,900 GBRMLS
• 2025-10-08 Price Changed $59,900 AcadianaMLS
• 2025-10-08 Price Changed $59,900 GBRMLS
• 2025-09-19 Price Changed $62,900 AcadianaMLS
• 2025-09-19 Price Changed $62,900 GBRMLS
• 2025-08-15 Price Changed $69,900 AcadianaMLS
• 2025-08-15 Price Changed $69,900 GBRMLS
• 2025-08-08 Listed $74,900 GBRMLS
• 2025-08-08 Listed $62,900 AcadianaMLS
• 2025-08-08 Listed $74,900 AcadianaMLS
• 2021-10-26 Sold (Public Records) $190,000 Public Records
• 2011-12-14 Sold (Public Records) $25,000 Public Records

Property tax history

+3.4%/yr

Latest (2025): $420 · +4.7% YoY. Source: county tax records.