2300 Rainbow Dr · Claiborne, LA 71291

$199,900

4 bd · 2.0 ba · 2,093 sqft · SingleFamily public records · 287 Days on market

Built 1972 0.38 ac lot $96/sqft · 20% below area Est $250k · 20% under

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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 +15.0/15.0
• DSCR +5.7/10.0
• Rent growth +4.7/5.0
• 1% rule +4.1/10.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 1.5-bath home located in the desirable Lindsey’s Country Subdivision. Many key updates have already been completed, including a newer roof, water heater, and HVAC system — leaving just the finishing touches for you to make it your own! This home offers two spacious living areas — a living room and a family room — providing plenty of space for entertaining family and friends. The kitchen features a convection oven, perfect for the chef in your household. Off the primary bedroom, you’ll find a versatile bonus room that could serve as a home office, nursery, or hobby space. Outside, enjoy a fenced backyard with convenient storage for your outdoor tools and equipment. With a little TLC, this home can truly shine! Seller is willing to offer concessions to prospective buyers in lieu of cosmetic updates with an acceptable offer. Call your real estate professional today to schedule your private showing!

Key facts

• Newer roof
• Water heater
• Versatile bonus room

Tags

• NEWER ROOF
• WATER HEATER
• HVAC SYSTEM
• TWO SPACIOUS LIVING AREAS
• CONVECTION OVEN
• VERSATILE BONUS ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $177 ($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 $182k (9.1% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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: schools D+, crime D+, health & safety D.
• 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.
• Market conditions: Rents rising fast (+8.9%/yr); 199 active listings in the ZIP; 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($72k/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 $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 287 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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: major wind risk, 74% 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 $175,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 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 1972 — 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 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 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 7.35%
• Cash-on-cash: 3.79%
• DSCR: 1.17
• GRM: 9.2

CMA / ARV

• ARV (median comp): $250,457
• List price: $199,900
• Delta: -20.19%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1509 Dean Chapel Rd	0.18mi	4/2.5	2,055 (-2%)	3mo	$284,000	$138	84
2044 Arkansas Rd	0.36mi	4/2.5	2,050 (-2%)	3mo	$286,900	$140	75
104 Delane Dr	0.11mi	3/2.0 (-1)	1,920 (-8%)	3mo	$252,000	$131	73
2004 Carter St	0.29mi	3/2.0 (-1)	2,256 (+8%)	4mo	$170,000	$75	65
108 Lark Ln	0.33mi	3/2.0 (-1)	1,929 (-8%)	17mo	$244,000	$126	52
126 Steeplechase Cir	0.50mi	3/2.0 (-1)	1,873 (-10%)	3mo	$285,000	$152	52
115 Mizell Ln	0.40mi	3/2.0 (-1)	1,831 (-12%)	18mo	$242,000	$132	40
100 Jessica Pl	0.71mi	3/2.5 (-1)	2,210 (+6%)	15mo	$287,000	$130	38
115 Olde Town Cir	0.69mi	3/2.0 (-1)	1,822 (-13%)	17mo	$350,000	$192	27

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: -5.3%
• Equity multiple: 0.79×
• Total profit: $-11,580
• Equity at exit: $29,806

10-year hold

• IRR: 9.2%
• Equity multiple: 1.86×
• Total profit: $47,929
• Equity at exit: $17,284

Cash invested: $55,972 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,817 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$127 /mo · $1,529/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $177

Break-even live

Break-even rent $1,594

Max offer price $199,900

Occupancy floor 85%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $199,900 Active 287 DOM
2. 2026-06-18
   days on market $199,900 Active 286 DOM
3. 2026-06-17
   days on market $199,900 Active 285 DOM
4. 2026-06-16
   days on market $199,900 Active 284 DOM
5. 2026-06-15
   days on market $199,900 Active 283 DOM
6. 2026-06-14
   days on market $199,900 Active 281 DOM
7. 2026-06-13
   days on market $199,900 Active 280 DOM
8. 2026-06-10
   days on market $199,900 Active 278 DOM
9. 2026-06-09
   days on market $199,900 Active 277 DOM
10. 2026-06-08
    days on market $199,900 Active 276 DOM
11. 2026-06-07
    days on market $199,900 Active 275 DOM
12. 2026-06-03
    days on market $199,900 Active 271 DOM
13. 2026-06-02
    days on market $199,900 Active 270 DOM
14. 2026-06-01
    days on market $199,900 Active 269 DOM
15. 2026-05-31
    days on market $199,900 Active 268 DOM
16. 2026-05-30
    days on market $199,900 Active 267 DOM
17. 2026-02-24
    price $199,900 958-char remark

    Show marketing remark (958 chars)

    Charming 3-bedroom, 1.5-bath home located in the desirable Lindsey’s Country Subdivision. Many key updates have already been completed, including a newer roof, water heater, and HVAC system — leaving just the finishing touches for you to make it your own! This home offers two spacious living areas — a living room and a family room — providing plenty of space for entertaining family and friends. The kitchen features a convection oven, perfect for the chef in your household. Off the primary bedroom, you’ll find a versatile bonus room that could serve as a home office, nursery, or hobby space. Outside, enjoy a fenced backyard with convenient storage for your outdoor tools and equipment. With a little TLC, this home can truly shine! Seller is willing to offer concessions to prospective buyers in lieu of cosmetic updates with an acceptable offer. Call your real estate professional today to schedule your private showing!

18. 2025-12-01
    price $205,000 958-char remark

    Show marketing remark (958 chars)

    Charming 3-bedroom, 1.5-bath home located in the desirable Lindsey’s Country Subdivision. Many key updates have already been completed, including a newer roof, water heater, and HVAC system — leaving just the finishing touches for you to make it your own! This home offers two spacious living areas — a living room and a family room — providing plenty of space for entertaining family and friends. The kitchen features a convection oven, perfect for the chef in your household. Off the primary bedroom, you’ll find a versatile bonus room that could serve as a home office, nursery, or hobby space. Outside, enjoy a fenced backyard with convenient storage for your outdoor tools and equipment. With a little TLC, this home can truly shine! Seller is willing to offer concessions to prospective buyers in lieu of cosmetic updates with an acceptable offer. Call your real estate professional today to schedule your private showing!

19. 2025-09-05
    listed $209,900 Active 958-char remark

    Show marketing remark (958 chars)

    Charming 3-bedroom, 1.5-bath home located in the desirable Lindsey’s Country Subdivision. Many key updates have already been completed, including a newer roof, water heater, and HVAC system — leaving just the finishing touches for you to make it your own! This home offers two spacious living areas — a living room and a family room — providing plenty of space for entertaining family and friends. The kitchen features a convection oven, perfect for the chef in your household. Off the primary bedroom, you’ll find a versatile bonus room that could serve as a home office, nursery, or hobby space. Outside, enjoy a fenced backyard with convenient storage for your outdoor tools and equipment. With a little TLC, this home can truly shine! Seller is willing to offer concessions to prospective buyers in lieu of cosmetic updates with an acceptable offer. Call your real estate professional today to schedule your private showing!

20. 2019-12-23
    soldstatus $202,000
21. 2018-09-19
    listed $129,900
22. 2018-05-18
    listed $135,000
23. 2017-09-22
    listed $163,000
24. 2012-12-17
    soldstatus $118,000
25. 2003-09-01
    soldstatus
26. 2002-09-01
    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: $1,529 · $127/mo
• Projected year-2 tax: $1,529 · $127/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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% 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: $21,808
• − Mortgage interest: −$11,198
• − Property taxes: −$1,529
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$5,815
• Taxable loss: −$1,222
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $2,414/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

+69.4% since first listed

10 events — show timeline

• 2026-02-24 Price Changed $199,900 NELABOR
• 2025-12-01 Price Changed $205,000 NELABOR
• 2025-09-05 Listed $209,900 NELABOR
• 2019-12-23 Sold (Public Records) $202,000 Public Records
• 2018-09-19 Listed $129,900 NELABOR
• 2018-05-18 Listed $135,000 NELABOR
• 2017-09-22 Listed $163,000 NELABOR
• 2012-12-17 Sold (Public Records) $118,000 Public Records
• 2003-09-01 Sold (Public Records) — Public Records
• 2002-09-01 Sold (Public Records) — Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,529 · -1.2% YoY. Source: county tax records.