23522 Ryder Dr · Walker, LA 70726

$232,745

4 bd · 2.0 ba · 1,516 sqft · SingleFamily · 47 Days on market

Built 2026 Good condition 6,229 sqft lot $154/sqft · at area comps Est $234k · at est. $21/mo HOA · 1% of rent

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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 +11.2/30.0
• ARV discount +7.7/15.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• 1% rule +3.4/10.0
• DSCR +3.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The WINTON II H in Hunter's Ridge community offers a 4 bedroom, 2 full bathroom, open design. Features: double vanity, garden tub, separate shower, and a walk-in closet in the primary suite, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

Key facts

• Double vanity
• Walk-in closet
• Ceiling fans

Tags

• DOUBLE VANITY
• GARDEN TUB
• SEPARATE SHOWER
• WALK-IN CLOSET
• COVERED REAR PORCH
• CEILING FANS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $233k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-89 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (16.2% below list).
• Recommended offer: $195k (16.2% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.8% in Walker — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 75/100 on livability (#19 in LA, #3,999 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities D-, commute F.
• Livingston Parish (suburban): math 40% / reading 52% proficiency, ranked #13 of 98 in LA (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.8%/yr); 976 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($226k) 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: severe wind risk, 99% 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 $194,933 (16.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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. 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?
8. 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.
9. 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.
10. 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: 0.84% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.65%
• DSCR: 0.93
• GRM: 9.9

CMA / ARV

• ARV (median comp): $233,550
• List price: $232,745
• Delta: -0.34%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23498 Ryder Dr	0.04mi	4/2.0	1,532 (+1%)	1mo	$233,560	$152	95
23516 Ryder Dr	0.07mi	3/2.0 (-1)	1,424 (-6%)	0mo	$223,279	$157	81
23419 Ruger Dr	0.22mi	3/2.0 (-1)	1,551 (+2%)	2mo	$234,900	$151	79
13505 Raghorn Ave	0.15mi	3/2.0 (-1)	1,394 (-8%)	4mo	$225,000	$161	72
23436 Encore Dr	0.24mi	3/2.0 (-1)	1,649 (+9%)	4mo	$245,000	$149	66
23101 Arcwood Dr	0.53mi	3/2.0 (-1)	1,478 (-2%)	2mo	$203,500	$138	64
23324 Conifer Rd	0.65mi	3/2.0 (-1)	1,517 (+0%)	2mo	$215,000	$142	63
23204 Mango Dr	0.63mi	3/2.0 (-1)	1,545 (+2%)	3mo	$225,000	$146	59
23288 Conifer Dr	0.67mi	3/2.0 (-1)	1,557 (+3%)	0mo	$220,000	$141	59
23273 Conifer Dr	0.65mi	3/2.0 (-1)	1,450 (-4%)	1mo	$220,000	$152	56
23261 Conifer Dr	0.67mi	4/2.0	1,652 (+9%)	1mo	$239,000	$145	54
23249 Conifer Dr	0.68mi	4/2.0	1,728 (+14%)	3mo	$242,900	$141	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 · 3.83% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.36×
• Total profit: $-41,730
• Equity at exit: $34,703

10-year hold

• IRR: -8.7%
• Equity multiple: 0.44×
• Total profit: $-36,654
• Equity at exit: $20,124

Cash invested: $65,169 (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 70726

• Rents YoY: 3.8%
• Active inventory: 976
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,949 high
• Mortgage (P&I): −$1,221
• Tax est. 1.5%: −$291 /mo · $3,491/yr
• Insurance: −$97
• HOA: −$21
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $-89

Break-even live

Break-even rent $2,063

Max offer price $219,797

Occupancy floor 100%

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: $58,186
• Closing costs: $6,982
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23340 Ruger Dr Denham Springs, LA	4.0	2.0	1826	$1,800	$0.99	23d	1	0.33mi
23295 Mango Dr Denham Springs, LA	4.0	2.0	1939	$2,100	$1.08	43d	1	0.54mi
13783 Fig Dr Denham Springs, LA	3.0	2.0	1613	$1,900	$1.18	23d	1	0.65mi
23209 Kudu Trail Dr Denham Springs, LA	3.0	2.0	1887	$1,850	$0.98	23d	1	0.92mi
23209 Kudu Trail Dr Denham Springs, LA	3.0	2.0	1887	$2,100	$1.11	43d	1	0.92mi
23744 Walker South Rd Denham Springs, LA	3.0	2.0	1100	$1,300	$1.18	14d	1	0.92mi
22862 Monterey Ave Dennis Mills, LA	3.0	2.0	1618	$1,875	$1.16	43d	1	0.96mi
22871 Balsam Dr Denham Springs, LA	4.0	2.0	1814	$1,975	$1.09	23d	1	0.99mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: watergasinternetlandscaping

Listing history 4 events

1. 2026-05-04
   status Pending 551-char remark

   Show marketing remark (557 chars)

   The WINTON II H in Hunter's Ridge community offers a 4 bedroom, 2 full bathroom, open design. Features: double vanity, garden tub, separate shower, and a walk-in closet in the primary suite, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

2. 2026-05-04
   status Pending 557-char remark

   Show marketing remark (557 chars)

   The WINTON II H in Hunter's Ridge community offers a 4 bedroom, 2 full bathroom, open design. Features: double vanity, garden tub, separate shower, and a walk-in closet in the primary suite, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

3. 2026-03-18
   listed $232,745 Active 557-char remark

   Show marketing remark (551 chars)

   The WINTON II H in Hunter's Ridge community offers a 4 bedroom, 2 full bathroom, open design. Features: double vanity, garden tub, separate shower, and a walk-in closet in the primary suite, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

4. 2026-03-18
   listed $232,745 Active 551-char remark

   Show marketing remark (551 chars)

   The WINTON II H in Hunter's Ridge community offers a 4 bedroom, 2 full bathroom, open design. Features: double vanity, garden tub, separate shower, and a walk-in closet in the primary suite, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,392
• − Mortgage interest: −$13,037
• − Property taxes: −$3,491
• − Insurance: −$1,164
• − Repairs & maintenance: −$1,871
• − Management: −$1,871
• − HOA: −$252
• − Depreciation: −$6,771
• Taxable loss: −$5,066
• Est. tax savings @ 24.0%: +$1,216
• After-tax cash flow: $142/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.

Condition & rehab AI · 5 photos

Good 80/100 Cosmetic rehab

This home is in good condition with a cosmetic rehab level, featuring modern finishes and energy-efficient features. Minor updates to the exterior and ceiling fans can further enhance its value.

Value-add opportunities

• Both Paint exterior brick and siding — Enhances curb appeal and value
• Both Replace ceiling fans with energy-efficient models — Saves energy and adds modern aesthetic

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior brick and siding — Enhances curb appeal and value ↑
• Both Replace ceiling fans with energy-efficient models — Saves energy and adds modern aesthetic ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Livingston Parish
• NCES district ID: 2201020
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 52% ▼ -32.00%
• Median HH income: $56,755
• Composite: 40.07/100
• National rank: #3811
• State rank: #13 of 98 in LA

Livability — Walker

• Score: 75/100
• State rank: #19
• US rank: #3999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Livingston Parish · 87,496 people
• City population: 23,921
• Metro: Baton Rouge, LA
• Population (ZIP): 63,575
• Household income: $78,621
• Rent vs Own: 27.0% rent · 73.0% own
• Severe rent burden: 1211.0

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 158,511 people
• By 2030: 168,241 · +6.1%
• By 2040: 186,252 · +17.5%
• By 2050: 201,516 · +27.1%
• By 2075: 231,217 · +45.9%
• By 2100: 241,697 · +52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Serbian 1% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+68.5) · D 15.1% · R 83.6% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -71.9pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+70.0 2016: R+72.5 2012: R+70.4 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.37%
• Current HPI: 170.2207
• Rent YoY: ▲ 3.83%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-04 Pending — AcadianaMLS
• 2026-05-04 Pending — GBRMLS
• 2026-03-18 Listed $232,745 GBRMLS
• 2026-03-18 Listed $232,745 AcadianaMLS