569 W 5th St · Independence, LA 70443

$200,000

6 bd · 2.0 ba · 750 sqft · Other public records · 221 Days on market

Built 2018 7,997 sqft lot $267/sqft · 406% above area

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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 +12.5/30.0
• ARV discount +7.5/15.0
• DSCR +3.7/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups -- perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence's historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property's close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you're an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

Key facts

• Two spacious units
• Washer dryer hookups
• 7,997 sq ft lot

Tags

• MULTI-FAMILY RESIDENCE
• TWO SPACIOUS UNITS
• WELL-APPOINTED KITCHEN
• WASHER DRYER HOOKUPS
• EASY ACCESS TO LOCAL SHOPS

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath other listed at $200k.

Deal economics

• At list price, monthly cash flow is $-28 ($-331/yr) — negative.
• To cash-flow at today's rent, offer at most $195k (2.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (27.5% below list).
• Recommended offer: $145k (27.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.9% in Independence — 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 56/100 on livability (#351 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, health & safety A+; Watch: crime 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.
• Zoned schools: Independence Leadership Academy (math 12% / reading 17%, grade F, #516 of 646 statewide, top 82%, 601 students, 82% FRL); Independence Magnet (math 9% / reading 20%); Independence High Magnet (math 12% / reading 17%, grade F, #224 of 265 statewide, top 86%, 570 students, 80% FRL).
• Market conditions: 110 active listings in the ZIP; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 221 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y 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.
• Current owner paid $145k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $144,929 (27.5% 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 221 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
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. 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: 0.72% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.59%
• DSCR: 0.97
• GRM: 11.5

CMA / ARV

• ARV (median comp): $129,171
• List price: $200,000
• Delta: 54.83%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -17.3%
• Equity multiple: 0.39×
• Total profit: $-34,272
• Equity at exit: $29,821

10-year hold

• IRR: -9.5%
• Equity multiple: 0.42×
• Total profit: $-32,539
• Equity at exit: $17,292

Cash invested: $56,000 (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 70443

• Active inventory: 110
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,449 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$40 /mo · $484/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $-28

Break-even live

Break-even rent $1,484

Max offer price $195,129

Occupancy floor 97%

Sensitivity live

Price	-10% $86	-5% $29	+0% $-28	+5% $-84	+10% $-141
Rent	-10% $-142	-5% $-85	+0% $-28	+5% $30	+10% $87
Rate	-1.0pp $73	-0.5pp $23	base $-28	+0.5pp $-79	+1.0pp $-132

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-21
   days on market $200,000 Active 221 DOM
2. 2026-06-19
   days on market $200,000 Active 219 DOM
3. 2026-06-18
   days on market $200,000 Active 218 DOM
4. 2026-06-17
   days on market $200,000 Active 217 DOM
5. 2026-06-16
   days on market $200,000 Active 216 DOM
6. 2026-06-15
   days on market $200,000 Active 215 DOM
7. 2026-06-14
   days on market $200,000 Active 213 DOM
8. 2026-06-13
   days on market $200,000 Active 212 DOM
9. 2026-06-10
   days on market $200,000 Active 210 DOM
10. 2026-06-09
    days on market $200,000 Active 209 DOM
11. 2026-06-08
    days on market $200,000 Active 208 DOM
12. 2026-06-07
    days on market $200,000 Active 207 DOM
13. 2026-06-05
    days on market $200,000 Active 204 DOM
14. 2026-06-03
    days on market $200,000 Active 203 DOM
15. 2026-06-02
    days on market $200,000 Active 202 DOM
16. 2026-06-01
    days on market $200,000 Active 201 DOM
17. 2026-05-31
    days on market $200,000 Active 200 DOM
18. 2026-05-30
    days on market $200,000 Active 199 DOM
19. 2026-04-11
    status Active 1300-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

20. 2026-04-11
    status Active 1323-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

21. 2026-03-20
    status Pending 1300-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

22. 2026-03-20
    historical Active Under Contract 1323-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

23. 2025-11-12
    listed $200,000 Active 1300-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

24. 2025-11-12
    listed $200,000 Active 1323-char remark

    Show marketing remark (1323 chars)

    Discover a great investment opportunity or ideal multi-family residence at 569 W 5th Street in the heart of Independence, Louisiana. This duplex property features two spacious units, each offering 3 bedrooms, 1 full bath, a comfortable living room, a well-appointed kitchen, and convenient washer/dryer hookups — perfect for tenants seeking practical comfort and affordability. Located just minutes from Independence’s historic downtown district, residents enjoy easy access to local shops, restaurants, and essential services, while major retail centers and grocery stores are only a short drive away. The property is directly across the street from the Independence Police Station, offering peace of mind and an added sense of security. Commuters will appreciate the property’s close proximity to Interstate 55 and other main thoroughfares, providing seamless travel to nearby Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are also just around the corner, making this an ideal location for families and long-term tenants alike. Whether you’re an investor looking for reliable rental income or a homeowner interested in occupying one unit while leasing the other, 569 W 5th Street combines convenience, functionality, and small-town charm in one appealing package.

25. 2024-02-19
    listed $175,000
26. 2020-01-03
    soldstatus $145,000
27. 2006-08-25
    soldstatus $59,900
28. 2006-08-18
    soldstatus $59,900
29. 2006-02-21
    listed $69,900
30. 2006-02-21
    listed $69,900
31. 1994-10-14
    soldstatus $6,000

ⓘ 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: $484 · $40/mo
• Projected year-2 tax: $1,100 · $92/mo
• Expected delta: +$616/yr (+$51/mo · 127.1%)

ⓘ 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 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,391
• − Mortgage interest: −$11,203
• − Property taxes: −$484
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,391
• − Management: −$1,391
• − Depreciation: −$5,818
• Taxable loss: −$3,897
• Est. tax savings @ 24.0%: +$935
• After-tax cash flow: $604/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 — Independence

• Score: 56/100
• State rank: #351
• US rank: #23010

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Independence, LA
• Population (ZIP): 8,359

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 53% Black 28% Hispanic / Latino 16% Two or more races 12%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 7% Slovak 2% Portuguese 1%
• Foreign-born: 8% · Canada
• Languages at home: 89% English-only · Spanish 11%

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: ▼ -59.69%
• Current HPI: 101.0489
• 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

+3233.3% since first listed

13 events — show timeline

• 2026-04-11 Relisted — AcadianaMLS
• 2026-04-11 Relisted — GSREIN
• 2026-03-20 Pending — AcadianaMLS
• 2026-03-20 Contingent — GSREIN
• 2025-11-12 Listed $200,000 GSREIN
• 2025-11-12 Listed $200,000 AcadianaMLS
• 2024-02-19 Listed $175,000 AcadianaMLS
• 2020-01-03 Sold (Public Records) $145,000 Public Records
• 2006-08-25 Sold (Public Records) $59,900 Public Records
• 2006-08-18 Sold (MLS) $59,900 GSREIN
• 2006-02-21 Listed $69,900 GSREIN
• 2006-02-21 Listed $69,900 AcadianaMLS
• 1994-10-14 Sold (Public Records) $6,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $484 · +0.6% YoY. Source: county tax records.