48459 Whiskey Ln · Natalbany, LA 70466

$115,000

2 bd · 1.0 ba · 960 sqft · SingleFamily public records · 134 Days on market

Built 1974 1.00 ac lot $120/sqft · 48% below area Est $194k · 41% under ↓ 8% 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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.0/10.0
• Appreciation +6.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

Key facts

• Expansive lot
• Brick exterior
• Covered carport

Tags

• SINGLE-STORY BRICK HOME
• MULTIPLE LIVING AREAS
• ABUNDANCE OF NATURAL LIGHT
• BRICK EXTERIOR
• EXPANSIVE LOT
• COVERED CARPORT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $404 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.5% in Natalbany — 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 62/100 on livability (#208 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, amenities F, commute F.
• Tangipahoa Parish (rural): math 18% / reading 29% proficiency, ranked #63 of 98 in LA (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 69 active listings in the ZIP; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($795 loan paydown + $4k appreciation (3.6% local appreciation)).
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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 1974 — 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 F-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. 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: 1.20% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.9

CMA / ARV

• ARV (median comp): $194,473
• List price: $115,000
• Delta: -40.87%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.0%
• Equity multiple: 2.35×
• Total profit: $43,494
• Equity at exit: $55,897

10-year hold

• IRR: 23.4%
• Equity multiple: 4.54×
• Total profit: $113,958
• Equity at exit: $89,553

Cash invested: $32,200 (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 70466

• Home prices YoY: 3.0%
• Active inventory: 69
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,380 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$35 /mo · $421/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $404

Break-even live

Break-even rent $868

Max offer price $115,000

Occupancy floor 66%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $115,000 Active 134 DOM
2. 2026-06-18
   days on market $115,000 Active 133 DOM
3. 2026-06-17
   days on market $115,000 Active 132 DOM
4. 2026-06-16
   days on market $115,000 Active 131 DOM
5. 2026-06-15
   days on market $115,000 Active 130 DOM
6. 2026-06-14
   days on market $115,000 Active 128 DOM
7. 2026-06-13
   days on market $115,000 Active 127 DOM
8. 2026-06-10
   days on market $115,000 Active 125 DOM
9. 2026-06-09
   days on market $115,000 Active 124 DOM
10. 2026-06-08
    days on market $115,000 Active 123 DOM
11. 2026-06-07
    days on market $115,000 Active 122 DOM
12. 2026-06-05
    days on market $115,000 Active 119 DOM
13. 2026-06-03
    days on market $115,000 Active 118 DOM
14. 2026-06-02
    days on market $115,000 Active 117 DOM
15. 2026-06-01
    days on market $115,000 Active 116 DOM
16. 2026-05-31
    days on market $115,000 Active 115 DOM
17. 2026-05-30
    days on market $115,000 Active 114 DOM
18. 2026-05-16
    price $115,000 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

19. 2026-05-16
    price $115,000 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

20. 2026-03-19
    price $120,000 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

21. 2026-03-19
    price $120,000 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

22. 2026-02-05
    listed $125,000 Active 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

23. 2026-02-05
    listed $125,000 Active 890-char remark

    Show marketing remark (890 chars)

    Value-add opportunity featuring a single-story brick home situated on approximately one acre. The property offers a functional layout with multiple living areas and an abundance of natural light, providing a solid foundation for updates and customization. The kitchen and bathrooms are ready for renovation, allowing buyers to enhance the space and build equity through improvements. Bedrooms are comfortably sized, and the overall floor plan allows flexibility for modernization or reconfiguration. The brick exterior offers durability and low-maintenance appeal, while the expansive lot provides ample outdoor space for future enhancements, repairs, or permitted expansion. A covered carport adds convenience and utility. The property is being sold as-is and is well suited for investors, renovation projects, or buyers utilizing cash or renovation financing to unlock its full potential.

24. 2004-09-13
    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: $421 · $35/mo
• Projected year-2 tax: $632 · $53/mo
• Expected delta: +$211/yr (+$18/mo · 50.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $16,563
• − Mortgage interest: −$6,442
• − Property taxes: −$421
• − Insurance: −$575
• − Repairs & maintenance: −$1,325
• − Management: −$1,325
• − Depreciation: −$3,345
• Taxable income: $3,129
• Est. tax owed @ 24.0%: −$751
• After-tax cash flow: $4,100/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: Tangipahoa Parish
• NCES district ID: 2201680
• Math proficiency: 18% ▼ -32.00%
• Reading proficiency: 29% ▼ -31.00%
• Median HH income: $41,283
• Composite: 19.94/100
• National rank: #8676
• State rank: #63 of 98 in LA

Livability — Natalbany

• Score: 62/100
• State rank: #208
• US rank: #16184

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 73
• Population (ZIP): 9,815

Population outlook (Tangipahoa County) Hauer SSP2

• Today (2025): 144,204 people
• By 2030: 151,413 · +5.0%
• By 2040: 164,374 · +14.0%
• By 2050: 175,427 · +21.7%
• By 2075: 195,165 · +35.3%
• By 2100: 201,641 · +39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 11% Serbian 2% Scandinavian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Tangipahoa

• 2024 margin: Solid R (+37.4) · D 30.6% · R 68.0% · Other 1.3%
• 2008→2024 swing: -6.5pp toward R · 2008: -30.9pp · 2024: -37.4pp
• All cycles: 2024: R+37.4 2020: R+32.8 2016: R+32.6 2012: R+27.7 2008: R+30.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.64%
• Current HPI: 126.0016
• Rent YoY: —
• Metro: —
• 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

-8.0% since first listed

7 events — show timeline

• 2026-05-16 Price Changed $115,000 AcadianaMLS
• 2026-05-16 Price Changed $115,000 GSREIN
• 2026-03-19 Price Changed $120,000 AcadianaMLS
• 2026-03-19 Price Changed $120,000 GSREIN
• 2026-02-05 Listed $125,000 GSREIN
• 2026-02-05 Listed $125,000 AcadianaMLS
• 2004-09-13 Sold (Public Records) — Public Records

Property tax history

+0.5%/yr

Latest (2025): $421 · +0.5% YoY. Source: county tax records.