119 Fairlane Dr · Claiborne, LA 71291

$155,000

3 bd · 1.0 ba · 1,140 sqft · SingleFamily public records · 14 Days on market

Built 1961 0.28 ac lot Est $147k · 5% over

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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 +24.0/30.0
• DSCR +7.7/10.0
• 1% rule +5.2/10.0
• ARV discount +5.1/15.0
• Rent growth +4.7/5.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully well kept home is ready for its new Owners and the best news is all you need to do is move in. This 3 Bedroom, 1 Bath home styled in that Farmhouse feel features a large kitchen and Dining Room (or Family Room, Play room, home office). Good size bedrooms throughout, Covered side area, great for entertaining, BBQ or just hanging out. Large Fenced in yard and storage building are also included in this fantastic find in West Monroe. Close to shopping, Church, Schools and I~20. Call your favorite Real Estate Agent and schedule your private showing TODAY!!!!

Key facts

• Hardwood flooring
• Side covered patio
• Storage building

Tags

• HARDWOOD FLOORING
• FULLY FENCED BACKYARD
• SIDE COVERED PATIO
• STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 8.6% vs local median 4.0% in Claiborne — 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 67/100 on livability (#109 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: crime D+, health & safety D, amenities F.
• Ouachita Parish (suburban): math 31% / reading 45% proficiency, ranked #26 of 98 in LA (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West Ridge Middle School (math 52% / reading 65%, grade B, #13 of 218 statewide, top 6%, 635 students, 47% FRL); West Monroe High School (math 32% / reading 48%, grade F, #77 of 265 statewide, top 29%, 2,189 students, 58% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: Rents rising fast (+8.9%/yr); 199 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 345 units permitted in Ouachita Parish in 2024 (0 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 $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 5y 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 $134k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 73% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,000

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 1.02% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.39%
• DSCR: 1.37
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $147,060
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
134 Fairlane Dr	0.12mi	3/1.0	1,124 (-1%)	14mo	$108,500	$97	80
114 Fairlane Dr	0.04mi	2/1.0 (-1)	1,008 (-12%)	6mo	$120,000	$119	68
320 Hilbert Dr	0.64mi	3/1.0	1,069 (-6%)	8mo	$105,000	$98	53
608 Norris Ln	0.43mi	2/1.0 (-1)	1,268 (+11%)	4mo	$152,000	$120	53
206 Gross St	0.65mi	3/1.0	1,201 (+5%)	13mo	$155,000	$129	50
128 Tuscany Cir	0.38mi	2/2.0 (-1)	1,288 (+13%)	9mo	$202,000	$157	44
120 Orleans Pl	0.42mi	3/2.0	1,296 (+14%)	13mo	$213,000	$164	42
111 Lisa Ln	0.75mi	3/1.5	1,199 (+5%)	17mo	$155,000	$129	40
127 Piney Cv	0.75mi	3/2.0	1,269 (+11%)	2mo	$244,900	$193	40

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: 1.5%
• Equity multiple: 1.06×
• Total profit: $2,544
• Equity at exit: $23,111

10-year hold

• IRR: 15.2%
• Equity multiple: 2.50×
• Total profit: $65,082
• Equity at exit: $13,402

Cash invested: $43,400 (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 71291

• Home prices YoY: -30.2%
• Rents YoY: 8.9%
• Active inventory: 199
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,588 high
• Mortgage (P&I): −$813
• Tax from tax record: −$74 /mo · $884/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $303

Break-even live

Break-even rent $1,204

Max offer price $155,000

Occupancy floor 76%

Sensitivity live

Price	-10% $391	-5% $347	+0% $303	+5% $259	+10% $216
Rent	-10% $178	-5% $241	+0% $303	+5% $366	+10% $429
Rate	-1.0pp $381	-0.5pp $343	base $303	+0.5pp $263	+1.0pp $222

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
112 Fairlane Dr Unit 8 West Monroe, LA	2.0	2.0	1050	$1,600	$1.52	21d	1	0.08mi
202 Gross St West Monroe, LA	3.0	1.0	1100	$1,350	$1.23	44d	1	0.67mi
1114 Otis St West Monroe, LA	3.0	2.0	1304	$1,595	$1.22	44d	1	0.94mi
114 Westchase Dr West Monroe, LA	2.0	1.5	1266	$1,550	$1.22	21d	1	1.10mi
2417 N 9th St West Monroe, LA	2.0	1.0	900	$2,000	$2.22	44d	1	1.17mi
2555 Arkansas Rd Unit 16 West Monroe, LA	3.0	1.5	1180	$1,750	$1.48	44d	1	1.43mi
816 Wallace Dean Rd West Monroe, LA	3.0	1.5	1045	$1,550	$1.48	44d	1	1.46mi
714 Wallace Dean Rd West Monroe, LA	3.0	1.5	1321	$1,325	$1.00	45d	1	1.46mi

Listing history 18 events

1. 2026-03-19
   status Pending
2. 2026-03-05
   listed $155,000 Active
3. 2026-02-09
   historical $1,375
4. 2026-01-14
   listed $1,375
5. 2025-12-10
   historical $1,375
6. 2025-11-09
   listed $1,375
7. 2023-10-18
   historical $1,325
8. 2023-10-12
   listed $1,325
9. 2023-09-23
   historical $1,325
10. 2023-09-14
    price $1,325
11. 2023-08-17
    listed $1,375
12. 2023-08-13
    historical $1,375
13. 2023-07-21
    listed $1,375
14. 2022-11-22
    historical
15. 2021-11-30
    soldstatus $133,500
16. 2021-11-24
    soldstatus 576-char remark

    Show marketing remark (576 chars)

    This beautifully well kept home is ready for its new Owners and the best news is all you need to do is move in. This 3 Bedroom, 1 Bath home styled in that Farmhouse feel features a large kitchen and Dining Room (or Family Room, Play room, home office). Good size bedrooms throughout, Covered side area, great for entertaining, BBQ or just hanging out. Large Fenced in yard and storage building are also included in this fantastic find in West Monroe. Close to shopping, Church, Schools and I~20. Call your favorite Real Estate Agent and schedule your private showing TODAY!!!!

17. 2021-10-19
    listed $130,000 576-char remark

    Show marketing remark (576 chars)

    This beautifully well kept home is ready for its new Owners and the best news is all you need to do is move in. This 3 Bedroom, 1 Bath home styled in that Farmhouse feel features a large kitchen and Dining Room (or Family Room, Play room, home office). Good size bedrooms throughout, Covered side area, great for entertaining, BBQ or just hanging out. Large Fenced in yard and storage building are also included in this fantastic find in West Monroe. Close to shopping, Church, Schools and I~20. Call your favorite Real Estate Agent and schedule your private showing TODAY!!!!

18. 2008-09-08
    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: $884 · $74/mo
• Projected year-2 tax: $884 · $74/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 ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $19,055
• − Mortgage interest: −$8,682
• − Property taxes: −$884
• − Insurance: −$775
• − Repairs & maintenance: −$1,524
• − Management: −$1,524
• − Depreciation: −$4,509
• Taxable income: $1,155
• Est. tax owed @ 24.0%: −$277
• After-tax cash flow: $3,363/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: Ouachita Parish
• NCES district ID: 2201200
• Math proficiency: 31% ▼ -38.00%
• Reading proficiency: 45% ▼ -31.00%
• Median HH income: $43,316
• Composite: 32.14/100
• National rank: #5791
• State rank: #26 of 98 in LA

Livability — Claiborne

• Score: 67/100
• State rank: #109
• US rank: #10626

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Claiborne, LA
• County: Ouachita Parish · 118,340 people
• Metro: Monroe, LA
• Population (ZIP): 35,269
• Household income: $71,639
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 847.0

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 13% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.15%
• Current HPI: 220.1737
• Rent YoY: ▲ 8.93%
• Metro: Monroe, 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

+19.2% since first listed

18 events — show timeline

• 2026-03-19 Pending — NELABOR
• 2026-03-05 Listed $155,000 NELABOR
• 2026-02-09 Rental Removed $1,375 TURBOTENANT
• 2026-01-14 Listed for Rent $1,375 TURBOTENANT
• 2025-12-10 Rental Removed $1,375 TURBOTENANT
• 2025-11-09 Listed for Rent $1,375 TURBOTENANT
• 2023-10-18 Rental Removed $1,325 TURBOTENANT
• 2023-10-12 Listed for Rent $1,325 TURBOTENANT
• 2023-09-23 Rental Removed $1,325 TURBOTENANT
• 2023-09-14 Price Changed $1,325 TURBOTENANT
• 2023-08-17 Listed for Rent $1,375 TURBOTENANT
• 2023-08-13 Rental Removed $1,375 TURBOTENANT
• 2023-07-21 Listed for Rent $1,375 TURBOTENANT
• 2022-11-22 Rental Removed — TURBOTENANT
• 2021-11-30 Sold (Public Records) $133,500 Public Records
• 2021-11-24 Sold (MLS) — NELABOR
• 2021-10-19 Listed $130,000 NELABOR
• 2008-09-08 Sold (Public Records) — Public Records

Property tax history

-0.1%/yr

Latest (2025): $884 · -1.2% YoY. Source: county tax records.