8261 Kurthwood Rd · Leesville, LA 71446

$160,000

3 bd · 2.0 ba · 2,180 sqft · SingleFamily · 311 Days on market

2.37 ac lot $73/sqft · 15% below area Est $188k · 15% under ↓ 14% since listing

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Why this score? — see what drove the C 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 +18.1/30.0
• ARV discount +14.1/15.0
• DSCR +5.7/10.0
• Rent growth +4.9/5.0
• 1% rule +4.7/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS HOME IS LOOKING FOR ITS NEW OWNER. This 3 bedroom, 2 bath home is nestled off of HWY 117 just north of HWY 28 West. The middle bedroom had a half bath that can be re-established. With a little sweat equity, this home will be ready to provide its new owner years peaceful living surrounded by trees and wildlife. The outbuilding can be used as a shop or provide ample storage for all your ''outside'' toys. COME TAKE A LOOK AT THIS ONE TODAY

Key facts

• Half bath
• Shop
• Outbuilding

Tags

• HALF BATH
• OUTBUILDING
• SHOP
• STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $155k (3.4% below list).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#30 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime F, amenities F, commute F.
• Vernon Parish (rural): math 35% / reading 51% proficiency, ranked #18 of 98 in LA (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+9.6%/yr); 210 active listings in the ZIP; 26 units permitted in Vernon Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($56k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Vernon County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 311 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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: severe wind risk, 96% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 311 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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?
5. 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?
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: 0.97% ✗
• Cap rate: 7.35%
• Cash-on-cash: 3.79%
• DSCR: 1.17
• GRM: 8.6

CMA / ARV

• ARV (median comp): $187,576
• List price: $160,000
• Delta: -14.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8411 Kurthwood Rd	0.28mi	3/2.0	1,985 (-9%)	11mo	$161,500	$81	63

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.80×
• Total profit: $-8,741
• Equity at exit: $23,857

10-year hold

• IRR: 9.7%
• Equity multiple: 1.92×
• Total profit: $41,197
• Equity at exit: $13,834

Cash invested: $44,800 (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 71446

• Home prices YoY: -32.1%
• Rents YoY: 9.6%
• Active inventory: 210
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,546 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$174 /mo · $2,086/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $141

Break-even live

Break-even rent $1,367

Max offer price $160,000

Occupancy floor 86%

Sensitivity live

Price	-10% $232	-5% $187	+0% $141	+5% $96	+10% $51
Rent	-10% $19	-5% $80	+0% $141	+5% $203	+10% $264
Rate	-1.0pp $222	-0.5pp $182	base $141	+0.5pp $100	+1.0pp $58

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $160,000 Active 311 DOM
2. 2026-06-18
   days on market $160,000 Active 310 DOM
3. 2026-06-17
   days on market $160,000 Active 309 DOM
4. 2026-06-16
   days on market $160,000 Active 308 DOM
5. 2026-06-15
   days on market $160,000 Active 307 DOM
6. 2026-06-14
   days on market $160,000 Active 305 DOM
7. 2026-06-12
   days on market $160,000 Active 304 DOM
8. 2026-06-09
   days on market $160,000 Active 301 DOM
9. 2026-06-08
   days on market $160,000 Active 300 DOM
10. 2026-06-07
    days on market $160,000 Active 299 DOM
11. 2026-06-07
    days on market $160,000 Active 298 DOM
12. 2026-06-04
    days on market $160,000 Active 295 DOM
13. 2026-06-02
    days on market $160,000 Active 294 DOM
14. 2026-06-01
    days on market $160,000 Active 293 DOM
15. 2026-05-31
    days on market $160,000 Active 292 DOM
16. 2026-05-31
    days on market $160,000 Active 291 DOM
17. 2025-08-12
    listed $160,000 Active 445-char remark

    Show marketing remark (445 chars)

    THIS HOME IS LOOKING FOR ITS NEW OWNER. This 3 bedroom, 2 bath home is nestled off of HWY 117 just north of HWY 28 West. The middle bedroom had a half bath that can be re-established. With a little sweat equity, this home will be ready to provide its new owner years peaceful living surrounded by trees and wildlife. The outbuilding can be used as a shop or provide ample storage for all your ''outside'' toys. COME TAKE A LOOK AT THIS ONE TODAY

18. 2022-12-14
    soldstatus 82-char remark

    Show marketing remark (82 chars)

    Wonderful home full of charm! Close to town, yet away from the hustle and bustle.

19. 2015-05-21
    soldstatus $177,500
20. 2014-02-03
    listed $185,000 82-char remark

    Show marketing remark (82 chars)

    Wonderful home full of charm! Close to town, yet away from the hustle and bustle.

21. 2010-02-19
    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: $2,086 · $174/mo
• Projected year-2 tax: $2,086 · $174/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 6 d/yr ≥110°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 96% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,547
• − Mortgage interest: −$8,962
• − Property taxes: −$2,086
• − Insurance: −$800
• − Repairs & maintenance: −$1,484
• − Management: −$1,484
• − Depreciation: −$4,655
• Taxable loss: −$923
• Est. tax savings @ 24.0%: +$222
• After-tax cash flow: $1,919/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: Vernon Parish
• NCES district ID: 2201830
• Math proficiency: 35% ▼ -42.00%
• Reading proficiency: 51% ▼ -32.00%
• Median HH income: $44,822
• Composite: 36.42/100
• National rank: #4674
• State rank: #18 of 98 in LA

Livability — Leesville

• Score: 73/100
• State rank: #30
• US rank: #5046

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Vernon Parish · 21,275 people
• City population: 21,275
• Metro: Fort Polk South, LA
• Population (ZIP): 21,275
• Household income: $55,925
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 659.0

Population outlook (Vernon County) Hauer SSP2

• Today (2025): 45,401 people
• By 2030: 43,015 · -5.3%
• By 2040: 38,171 · -15.9%
• By 2050: 34,087 · -24.9%
• By 2075: 28,267 · -37.7%
• By 2100: 25,486 · -43.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 16% Hispanic / Latino 6% Two or more races 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Slovak 1% Romanian 1%
• Foreign-born: 3% · Canada, South Korea, Vietnam
• Languages at home: 94% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Vernon

• 2024 margin: Solid R (+67.9) · D 15.6% · R 83.4% · Other 1.0%
• 2008→2024 swing: -14.5pp toward R · 2008: -53.4pp · 2024: -67.9pp
• All cycles: 2024: R+67.9 2020: R+64.9 2016: R+65.0 2012: R+57.5 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.06%
• Current HPI: 128.8849
• Rent YoY: ▲ 9.60%
• Metro: Fort Polk South, 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

-13.5% since first listed

5 events — show timeline

• 2025-08-12 Listed $160,000 GFPAR
• 2022-12-14 Sold (MLS) — GFPAR
• 2015-05-21 Sold (Public Records) $177,500 Public Records
• 2014-02-03 Listed $185,000 GFPAR
• 2010-02-19 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,086 · -0.9% YoY. Source: county tax records.