3740 Huston St · Shreveport, LA 71109

$155,000

4 bd · 4.0 ba · 1,834 sqft · MultiFamily public records · 518 Days on market

Built 1950 0.32 ac lot $85/sqft · 159% above area ↓ 9% 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
• Appreciation +4.4/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Great investment opportunity. Really great shape and just the cutest units that are well taken care of. New roof in 2016. Water heaters in 2017, 2018, 2023 and 2024. Current tenants in place are all great! Receiving $325 for one unit and $425 for other three Monthly. Tenants pay all their own utilities and window ac units. All units have wall heat units. Owner had supplied qtrly pest, landscaping & 2 security lights poles. All tenants want to stay in place and continue to rent. There is already a deposit in place for each of the units that will be transferred. Please see attachments for particular repairs made for this home. Need 24 hour notice to show. Please don’t bother tenants. Proof of funds before scheduling to show.

Key facts

• 0.32 acre lot
• 8 parking spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath multifamily listed at $155k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.6% 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: 123 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• At $2,715/mo this rent would consume 99% of the median local household income ($33k/yr) (locally 1265% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-1.2%/yr); year-one equity from $1k of loan paydown is wiped out by about $2k 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 (-1.2% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 518 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 65% 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 $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 518 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 1950 — 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. 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?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.75% ✓
• Cap rate: 15.63%
• Cash-on-cash: 33.36%
• DSCR: 2.48
• GRM: 4.8

CMA / ARV

• ARV (median comp): $65,324
• List price: $155,000
• Delta: 137.28%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-1.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.9%
• Equity multiple: 2.47×
• Total profit: $63,862
• Equity at exit: $36,072

10-year hold

• IRR: 36.8%
• Equity multiple: 4.82×
• Total profit: $165,719
• Equity at exit: $36,745

Cash invested: $43,400 (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 71109

• Home prices YoY: -2.1%
• Active inventory: 123
• Price-to-rent: 19.0×

Monthly cashflow live

• Estimated rent: $2,715 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$61 /mo · $732/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$570
• Net cashflow: $1,206

Break-even live

Break-even rent $1,188

Max offer price $155,000

Occupancy floor 51%

Sensitivity live

Price	-10% $1,294	-5% $1,250	+0% $1,206	+5% $1,163	+10% $1,119
Rent	-10% $992	-5% $1,099	+0% $1,206	+5% $1,314	+10% $1,421
Rate	-1.0pp $1,284	-0.5pp $1,246	base $1,206	+0.5pp $1,166	+1.0pp $1,125

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$2,716
Total (4 units)			$2,715

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3907 Milton St Shreveport, LA	3.0	1.5	1275	$1,100	$0.86	44d	1	0.37mi
2711 Thayer St Shreveport, LA	4.0	1.0	1436	$1,552	$1.08	44d	1	0.40mi
4223 Lakeshore Dr Shreveport, LA	1.0–3.0	1.0–2.0	1002	$900	$0.90	44d	1	0.48mi
4131 Barbara Ave Shreveport, LA	3.0	1.0	1400	$1,200	$0.86	44d	1	1.34mi
2222 Carleton St Shreveport, LA	3.0	2.0	1800	$750	$0.42	14d	1	1.43mi
2134 Queens Hwy Shreveport, LA	3.0	1.5	1374	$1,475	$1.07	21d	1	1.46mi
2401 Darien St Shreveport, LA	3.0	2.0	2000	$1,500	$0.75	14d	1	1.49mi

Listing history 6 events

1. 2026-05-30
   days on market $155,000 Active 518 DOM
2. 2025-12-16
   price $155,000 750-char remark

   Show marketing remark (750 chars)

   Great investment opportunity. Really great shape and just the cutest units that are well taken care of. New roof in 2016. Water heaters in 2017, 2018, 2023 and 2024. Current tenants in place are all great! Receiving $325 for one unit and $425 for other three Monthly. Tenants pay all their own utilities and window ac units. All units have wall heat units. Owner had supplied qtrly pest, landscaping & 2 security lights poles. All tenants want to stay in place and continue to rent. There is already a deposit in place for each of the units that will be transferred. Please see attachments for particular repairs made for this home. Need 24 hour notice to show. Please don’t bother tenants. Proof of funds before scheduling to show.

3. 2025-07-23
   status Active 750-char remark

   Show marketing remark (750 chars)

   Great investment opportunity. Really great shape and just the cutest units that are well taken care of. New roof in 2016. Water heaters in 2017, 2018, 2023 and 2024. Current tenants in place are all great! Receiving $325 for one unit and $425 for other three Monthly. Tenants pay all their own utilities and window ac units. All units have wall heat units. Owner had supplied qtrly pest, landscaping & 2 security lights poles. All tenants want to stay in place and continue to rent. There is already a deposit in place for each of the units that will be transferred. Please see attachments for particular repairs made for this home. Need 24 hour notice to show. Please don’t bother tenants. Proof of funds before scheduling to show.

4. 2025-07-05
   status Pending 750-char remark

   Show marketing remark (750 chars)

   Great investment opportunity. Really great shape and just the cutest units that are well taken care of. New roof in 2016. Water heaters in 2017, 2018, 2023 and 2024. Current tenants in place are all great! Receiving $325 for one unit and $425 for other three Monthly. Tenants pay all their own utilities and window ac units. All units have wall heat units. Owner had supplied qtrly pest, landscaping & 2 security lights poles. All tenants want to stay in place and continue to rent. There is already a deposit in place for each of the units that will be transferred. Please see attachments for particular repairs made for this home. Need 24 hour notice to show. Please don’t bother tenants. Proof of funds before scheduling to show.

5. 2024-12-09
   listed $170,000 Active 750-char remark

   Show marketing remark (750 chars)

   Great investment opportunity. Really great shape and just the cutest units that are well taken care of. New roof in 2016. Water heaters in 2017, 2018, 2023 and 2024. Current tenants in place are all great! Receiving $325 for one unit and $425 for other three Monthly. Tenants pay all their own utilities and window ac units. All units have wall heat units. Owner had supplied qtrly pest, landscaping & 2 security lights poles. All tenants want to stay in place and continue to rent. There is already a deposit in place for each of the units that will be transferred. Please see attachments for particular repairs made for this home. Need 24 hour notice to show. Please don’t bother tenants. Proof of funds before scheduling to show.

6. 1992-11-30
   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: $732 · $61/mo
• Projected year-2 tax: $852 · $71/mo
• Expected delta: +$120/yr (+$10/mo · 16.4%)

ⓘ 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 7/10 Severe 7 d/yr ≥110°F today · 21 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: $32,580
• − Mortgage interest: −$8,682
• − Property taxes: −$732
• − Insurance: −$775
• − Repairs & maintenance: −$2,606
• − Management: −$2,606
• − Depreciation: −$4,509
• Taxable income: $12,668
• Est. tax owed @ 24.0%: −$3,040
• After-tax cash flow: $11,436/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

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 17,412
• Household income: $32,939
• Rent vs Own: 58.3% rent · 41.7% own
• Severe rent burden: 1265.0

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: Predominantly Black (95%)
• Race & ethnicity: Black 95% White 4%
• Common ancestry: Lithuanian 1%
• Foreign-born: 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: ▼ -1.18%
• Current HPI: 54.4158
• Rent YoY: —
• 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

-8.8% since first listed

5 events — show timeline

• 2025-12-16 Price Changed $155,000 NTREIS
• 2025-07-23 Relisted — NTREIS
• 2025-07-05 Pending — NTREIS
• 2024-12-09 Listed $170,000 NTREIS
• 1992-11-30 Sold (Public Records) — Public Records

Property tax history

-0.8%/yr

Latest (2025): $732 · +0.4% YoY. Source: county tax records.