3121 Hollywood Ave · Shreveport, LA 71108

$33,000

2 bd · 1.0 ba · 979 sqft · SingleFamily public records · 122 Days on market

Built 1970 7,200 sqft lot $34/sqft · 25% below area Est $44k · 25% under ↓ 23% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.1/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your next great investment opportunity is here! This property is priced to sell and offers strong potential for rental income. Don’t miss your chance to add this one to your portfolio. Come take a look and submit your offer today before it’s gone!

Key facts

• 7,200 sq ft lot
• Built 1970
• Listed 122 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $33k.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($807 rent vs $33k).
• Recommended offer: $29k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.3% 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 (+2.4%/yr); 138 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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).
• This rent runs 30% of the median local income ($32k/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 $228 of loan paydown is wiped out by about $990 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 + 2.4% rent growth), your $9k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% 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 $29,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 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. 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 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: 2.44% ✓
• Cap rate: 21.30%
• Cash-on-cash: 53.58%
• DSCR: 3.38
• GRM: 3.4

CMA / ARV

• ARV (median comp): $44,000
• List price: $33,000
• Delta: -25.00%
• 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
3030 Morningside Dr	0.32mi	3/1.0 (+1)	1,005 (+3%)	2mo	$53,000	$53	74
3250 Wagner St	0.17mi	2/1.0	1,044 (+7%)	8mo	$29,500	$28	74
2910 Meadow Ave	0.30mi	3/1.0 (+1)	931 (-5%)	3mo	$45,000	$48	71
2816 Bibb St	0.53mi	2/1.0	936 (-4%)	14mo	$24,999	$27	56
2742 Lakehurst Ave	0.39mi	3/1.0 (+1)	1,034 (+6%)	16mo	$79,900	$77	54
2645 Valley Ridge Rd	0.57mi	2/1.0	929 (-5%)	16mo	$30,000	$32	52
2724 Grassmere St	0.62mi	2/1.0	866 (-12%)	1mo	$60,000	$69	51
2730 Sunnybrook St	0.67mi	2/1.0	939 (-4%)	18mo	$52,500	$56	47
6507 Canal Blvd	0.65mi	2/1.0	1,027 (+5%)	18mo	$25,250	$25	46
2905 Grassmere St	0.50mi	3/1.0 (+1)	912 (-7%)	17mo	$48,900	$54	46
3101 Syphon St	0.64mi	2/1.0	840 (-14%)	10mo	$10,000	$12	39
6610 W Canal Blvd	0.72mi	3/1.0 (+1)	1,121 (+14%)	18mo	$22,000	$20	22

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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: 51.0%
• Equity multiple: 3.21×
• Total profit: $20,432
• Equity at exit: $4,920

10-year hold

• IRR: 56.1%
• Equity multiple: 6.37×
• Total profit: $49,609
• Equity at exit: $2,853

Cash invested: $9,240 (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 71108

• Rents YoY: 2.4%
• Active inventory: 138
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $807 high
• Mortgage (P&I): −$173
• Tax from tax record: −$38 /mo · $455/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$169
• Net cashflow: $413

Break-even live

Break-even rent $284

Max offer price $33,000

Occupancy floor 44%

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: $8,250
• Closing costs: $990
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3530 Pleasant Dr Shreveport, LA	2.0	1.0	750	$725	$0.97	21d	1	0.48mi
5306 Prentiss Ave Shreveport, LA	3.0	1.0	957	$975	$1.02	43d	1	0.50mi
2641 Valley Ridge Rd Shreveport, LA	3.0	1.0	1045	$725	$0.69	21d	1	0.61mi
3051 Amherst St Shreveport, LA	3.0	1.0	994	$595	$0.60	43d	1	0.67mi
2721 Sunnybrook St Shreveport, LA	3.0	1.0	913	$1,000	$1.10	43d	1	0.71mi
2762 Marquette St Shreveport, LA	3.0	1.0	1054	$1,000	$0.95	21d	1	0.79mi
5218 Fairfax Ave Shreveport, LA	2.0	1.0	971	$825	$0.85	21d	1	0.94mi
2503 Malcolm St Shreveport, LA	1.0	1.0	650	$600	$0.92	43d	1	1.04mi
1954 State St Shreveport, LA	3.0	1.0	900	$900	$1.00	43d	1	1.10mi
4122 Cherokee St Apt 4 Shreveport, LA	2.0	1.0	960	$850	$0.89	43d	1	1.17mi
4122 Cherokee St Apt 4 Shreveport, LA	2.0	1.0	750	$850	$1.13	21d	1	1.17mi
2924 DuPont St Shreveport, LA	2.0	1.0	768	$750	$0.98	21d	1	1.34mi
2714 DuPont St Shreveport, LA	2.0	1.0	980	$565	$0.58	13d	1	1.39mi
2544 DuPont St Shreveport, LA	2.0	1.0	683	$600	$0.88	21d	1	1.46mi
7137 Burlingame Blvd Shreveport, LA	3.0	1.5	1100	$700	$0.64	43d	1	1.47mi

Listing history 22 events

1. 2026-06-18
   days on market $33,000 Active 122 DOM
2. 2026-06-17
   days on market $33,000 Active 121 DOM
3. 2026-06-16
   days on market $33,000 Active 120 DOM
4. 2026-06-15
   days on market $33,000 Active 119 DOM
5. 2026-06-14
   days on market $33,000 Active 117 DOM
6. 2026-06-13
   days on market $33,000 Active 116 DOM
7. 2026-06-10
   days on market $33,000 Active 114 DOM
8. 2026-06-09
   days on market $33,000 Active 113 DOM
9. 2026-06-08
   days on market $33,000 Active 112 DOM
10. 2026-06-07
    days on market $33,000 Active 111 DOM
11. 2026-06-05
    days on market $33,000 Active 108 DOM
12. 2026-06-03
    days on market $33,000 Active 107 DOM
13. 2026-06-02
    days on market $33,000 Active 106 DOM
14. 2026-06-01
    days on market $33,000 Active 105 DOM
15. 2026-05-31
    days on market $33,000 Active 104 DOM
16. 2026-05-30
    days on market $33,000 Active 103 DOM
17. 2026-02-11
    listed $33,000 Active 259-char remark

    Show marketing remark (259 chars)

    Your next great investment opportunity is here! This property is priced to sell and offers strong potential for rental income. Don’t miss your chance to add this one to your portfolio. Come take a look and submit your offer today before it’s gone!

18. 2024-09-06
    historical
19. 2023-10-31
    price $38,000
20. 2023-10-06
    listed $43,000 Active
21. 2008-05-22
    soldstatus
22. 1993-04-23
    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: $455 · $38/mo
• Projected year-2 tax: $455 · $38/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 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $9,680
• − Mortgage interest: −$1,849
• − Property taxes: −$455
• − Insurance: −$165
• − Repairs & maintenance: −$774
• − Management: −$774
• − Depreciation: −$960
• Taxable income: $4,703
• Est. tax owed @ 24.0%: −$1,129
• After-tax cash flow: $3,822/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): 18,072
• Household income: $32,055
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 1526.0

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 (83%)
• Race & ethnicity: Black 83% White 11% Hispanic / Latino 4% Two or more races 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -58.98%
• Current HPI: 58.1377
• Rent YoY: ▲ 2.37%
• 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

-23.3% since first listed

6 events — show timeline

• 2026-02-11 Listed $33,000 NTREIS
• 2024-09-06 Listing Removed — NTREIS
• 2023-10-31 Price Changed $38,000 NTREIS
• 2023-10-06 Listed $43,000 NTREIS
• 2008-05-22 Sold (Public Records) — Public Records
• 1993-04-23 Sold (Public Records) — Public Records

Property tax history

-1.5%/yr

Latest (2025): $455 · +0.4% YoY. Source: county tax records.