421 Mars Dr · Shreveport, LA 71106

$85,000

3 bd · 1.0 ba · 1,058 sqft · SingleFamily public records · 25 Days on market

Built 2001 0.80 ac lot Est $127k · 33% 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
• Rent growth +4.4/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to Mars Drive! Great location outside the city limits on a large corner lot! This home needs a little extra love, but it wouldn’t take much to bring it back to life. We have this home priced to sell AS IS! This home features 2 bedrooms, 1 bathroom, and 2 living areas, one of which could easily be used as a third bedroom if needed. Large utility room. Situated on just under an acre, the property is fully fenced, with a shed, swing set, a large covered patio out back, and a brand-new carport. The kitchen includes a refrigerator and a new gas range. Whether you are looking for your next flip project, investment property, or starter home, this property has tons of potential.

Key facts

• New gas range
• Fully fenced
• Large corner lot

Tags

• LARGE CORNER LOT
• FULLY FENCED
• LARGE COVERED PATIO
• BRAND NEW CARPORT
• NEW GAS RANGE

Property features AI

Finance

• Financial info: Treat as clear loan type; No second mortgage
• HOA & community: No association

Exterior

• Parking: Attached carport; 2 covered parking spaces; 2 carport spaces
• Utilities: Outside city limits; Well water; Septic
• Home design: Single family residence; One story; Residential property; Preowned (built in 2001)
• Construction: Composition roof; Siding construction; Pillar/post/pier foundation; Year built 2001
• Exterior features: Covered porch(es); Covered patio/porch; Full fencing; Corner lot; Shed(s)

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric)
• Interior features: Eat-in kitchen; High speed internet available; Window coverings; Two living areas; One dining area; Total of 4 rooms
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $490 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 5.7% in Shreveport — 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 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.5%/yr); 485 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.5% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($84k) 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: major wind risk, 65% 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 $83,725 (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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.58% ✓
• Cap rate: 13.21%
• Cash-on-cash: 24.69%
• DSCR: 2.10
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $126,960
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
460 Dixon Ave	0.51mi	3/1.0	1,000 (-6%)	16mo	$127,900	$128	54
460 Rutledge St	0.58mi	3/1.5	1,164 (+10%)	2mo	$137,900	$118	52
440 Dixon St	0.55mi	3/1.5	1,143 (+8%)	9mo	$119,000	$104	51
405 Rutledge Ave	0.60mi	3/1.5	962 (-9%)	6mo	$115,000	$120	50
488 Dixon St	0.52mi	3/1.5	1,162 (+10%)	10mo	$144,999	$125	49
454 Rutledge St	0.57mi	3/1.0	1,100 (+4%)	24mo	$132,900	$121	47
825 Willow Dr	0.74mi	3/1.0	994 (-6%)	11mo	$97,000	$98	46

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 23.0%
• Equity multiple: 2.00×
• Total profit: $23,796
• Equity at exit: $12,674

10-year hold

• IRR: 33.7%
• Equity multiple: 4.77×
• Total profit: $89,628
• Equity at exit: $7,349

Cash invested: $23,800 (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 71106

• Rents YoY: 7.5%
• Active inventory: 485
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,343 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$90 /mo · $1,085/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $490

Break-even live

Break-even rent $724

Max offer price $85,000

Occupancy floor 59%

Sensitivity live

Price	-10% $538	-5% $514	+0% $490	+5% $466	+10% $442
Rent	-10% $384	-5% $437	+0% $490	+5% $543	+10% $596
Rate	-1.0pp $532	-0.5pp $511	base $490	+0.5pp $468	+1.0pp $445

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9434 Palmetto Ln Shreveport, LA	3.0	1.5	1122	$1,425	$1.27	44d	1	1.24mi

Listing history 24 events

1. 2026-06-19
   price $85,000 Active 25 DOM
2. 2026-06-18
   days on market $89,000 Active 25 DOM
3. 2026-06-17
   days on market $89,000 Active 24 DOM
4. 2026-06-16
   days on market $89,000 Active 23 DOM
5. 2026-06-15
   days on market $89,000 Active 22 DOM
6. 2026-06-14
   days on market $89,000 Active 20 DOM
7. 2026-06-13
   days on market $89,000 Active 19 DOM
8. 2026-06-10
   days on market $89,000 Active 17 DOM
9. 2026-06-09
   days on market $89,000 Active 16 DOM
10. 2026-06-08
    days on market $89,000 Active 15 DOM
11. 2026-06-07
    days on market $89,000 Active 14 DOM
12. 2026-06-05
    days on market $89,000 Active 11 DOM
13. 2026-06-03
    days on market $89,000 Active 10 DOM
14. 2026-06-02
    days on market $89,000 Active 9 DOM
15. 2026-06-01
    days on market $89,000 Active 8 DOM
16. 2026-05-31
    days on market $89,000 Active 7 DOM
17. 2026-05-30
    days on market $89,000 Active 6 DOM
18. 2026-05-24
    listed $89,000 Active
19. 2025-11-17
    historical
20. 2025-06-18
    price $110,000
21. 2025-06-02
    price $115,000
22. 2025-05-16
    listed $120,000 Active
23. 2018-07-25
    soldstatus $77,000
24. 2004-05-26
    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: $1,085 · $90/mo
• Projected year-2 tax: $1,085 · $90/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,120
• − Mortgage interest: −$4,761
• − Property taxes: −$1,085
• − Insurance: −$425
• − Repairs & maintenance: −$1,290
• − Management: −$1,290
• − Depreciation: −$2,473
• Taxable income: $4,797
• Est. tax owed @ 24.0%: −$1,151
• After-tax cash flow: $4,725/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 34,117
• Household income: $81,452
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 1333.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 51% Black 39% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 3% Slovak 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% Other Indo-European 0%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.48%
• Current HPI: 124.2416
• Rent YoY: ▲ 7.51%
• Metro: Shreveport-Bossier City, 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

+15.6% since first listed

7 events — show timeline

• 2026-05-24 Listed $89,000 NTREIS
• 2025-11-17 Listing Removed — NTREIS
• 2025-06-18 Price Changed $110,000 NTREIS
• 2025-06-02 Price Changed $115,000 NTREIS
• 2025-05-16 Listed $120,000 NTREIS
• 2018-07-25 Sold (Public Records) $77,000 Public Records
• 2004-05-26 Sold (Public Records) — Public Records

Property tax history

+0.2%/yr

Latest (2025): $1,085 · +0.5% YoY. Source: county tax records.