915 Kings Rd · Leesville, LA 71446

$86,500

3 bd · 1.0 ba · 1,300 sqft · SingleFamily · 3 Days on market

Average condition 0.25 ac lot $67/sqft · 34% below area Est $132k · 34% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Rent growth +4.9/5.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Condition / age +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Looking for a move in ready investment or a future home with income in place? Whether you're an investor looking to expand your portfolio or a buyer planning ahead for primary residents, this property offers a solid opportunity. The home has a practical layout, a cozy living area, and is situated in a convenient location close to shopping, schools and more. Call your realtor to see today!

Key facts

• 0.25 acre lot
• Listed 2 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $86k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $448 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $86k).
• Cap rate 12.5% vs local median 5.9% in Leesville — 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 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.
• Zoned schools: Rosepine Elementary School (math 25% / reading 50%, grade F, #247 of 646 statewide, top 39%, 830 students, 55% FRL); Vernon Middle School (math 30% / reading 41%, grade F, #91 of 218 statewide, top 42%, 477 students, 60% FRL); Leesville High School (math 32% / reading 54%, grade F, #66 of 265 statewide, top 25%, 884 students, 47% FRL).
• Market conditions: Rents rising fast (+9.6%/yr); 332 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 36d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 26 units permitted in Vernon Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $598 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.

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 $86,500

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.44% ✓
• Cap rate: 12.51%
• Cash-on-cash: 22.20%
• DSCR: 1.99
• GRM: 5.8

CMA / ARV

• ARV (median comp): $131,843
• List price: $86,500
• Delta: -34.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
805 Dennis Ave	0.22mi	3/1.0	1,231 (-5%)	8mo	$91,000	$74	74
1006 Anderson Dr	0.21mi	3/1.0	1,247 (-4%)	12mo	$33,500	$27	73
907 Dennis Ave	0.12mi	3/1.0	1,449 (+12%)	11mo	$70,000	$48	66
1201 John Paul Jones Ave	0.35mi	3/1.0	1,221 (-6%)	11mo	$143,000	$117	64
512 Whittington St	0.35mi	3/1.5	1,208 (-7%)	13mo	$60,000	$50	59
105 Nelda St	0.42mi	3/1.5	1,135 (-13%)	14mo	$135,500	$119	46

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: 20.1%
• Equity multiple: 1.87×
• Total profit: $21,056
• Equity at exit: $12,897

10-year hold

• IRR: 31.4%
• Equity multiple: 4.50×
• Total profit: $84,856
• Equity at exit: $7,479

Cash invested: $24,220 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 40 active
• Months of supply: 120.0 mo (1%/mo absorbed)
• Median asking: $124,950 ($100/sqft)
• Median days on market: 84 d
• This list price: 15% of active listings are priced below it
• ARV vs active asking: +1.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 71446

• Home prices YoY: -32.1%
• Rents YoY: 9.6%
• Active inventory: 332
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,242 high
• Mortgage (P&I): −$454
• Tax from tax record: −$43 /mo · $520/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $448

Break-even live

Break-even rent $675

Max offer price $86,500

Occupancy floor 59%

Sensitivity live

Price	-10% $497	-5% $472	+0% $448	+5% $423	+10% $399
Rent	-10% $350	-5% $399	+0% $448	+5% $497	+10% $546
Rate	-1.0pp $492	-0.5pp $470	base $448	+0.5pp $426	+1.0pp $403

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: $21,625
• Closing costs: $2,595
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
904 Kings Rd Leesville, LA	3.0	1.0	1096	$1,150	$1.05	5d	1	0.05mi
909 Marvin Ave Leesville, LA	2.0	1.0	1217	$700	$0.58	51d	1	0.08mi
1007 Marvin Ave Leesville, LA	3.0	2.0	1450	$950	$0.66	43d	1	0.16mi
905 Pinckney Ave Leesville, LA	4.0	2.0	1677	$1,250	$0.75	51d	1	0.20mi
1107 Spruce St Leesville, LA	3.0	1.0	1440	$900	$0.62	14d	1	0.24mi
111 Nelda Dr Leesville, LA	3.0	1.5	1178	$1,400	$1.19	12d	1	0.41mi
111 Nelda Dr Leesville, LA	3.0	1.5	1178	$1,400	$1.19	0d	1	0.41mi
1307 Aaron St Leesville, LA	4.0	2.0	1213	$1,350	$1.11	35d	1	0.42mi
1403 Aaron St Leesville, LA	3.0	1.0	926	$1,050	$1.13	184d	1	0.44mi
116 Nelda Dr Leesville, LA	3.0	2.0	1467	$1,400	$0.95	2d	1	0.45mi
1219 Port Arthur Ter Leesville, LA	3.0	2.0	1800	$1,400	$0.78	184d	1	0.80mi
211 N Gladys St Leesville, LA	3.0	2.0	1376	$1,600	$1.16	43d	1	0.97mi
2115 Kings Rd Leesville, LA	3.0	1.0	1000	$1,125	$1.12	10d	1	1.01mi
1006 S 9th St Leesville, LA	4.0	2.0	1430	$1,700	$1.19	51d	1	1.10mi
400 S 7th St Leesville, LA	3.0	2.0	1600	$1,550	$0.97	10d	1	1.17mi
1608 Amour Dr Unit 1625 Leesville, LA	2.0	1.5	1060	$725	$0.68	10d	1	1.25mi

Property features AI

Exterior

• Utilities: Public waterPublic sewer
• Home design: Single-story single-family residence
• Construction: Vinyl siding

Interior

• Bathrooms: 1 full bathroom

Listing history 37 events

1. 2026-11-08
   days on market $86,500 Active 3 DOM
2. 2026-11-07
   days on market $86,500 Active 2 DOM
3. 2026-11-06
   pricedays on marketlisting id $86,500 Active 1 DOM
4. 2026-07-06
   days on market $92,000 Active 157 DOM
5. 2026-07-05
   days on market $92,000 Active 156 DOM
6. 2026-07-04
   days on market $92,000 Active 155 DOM
7. 2026-07-03
   days on market $92,000 Active 154 DOM
8. 2026-07-03
   days on market $92,000 Active 153 DOM
9. 2026-07-01
   days on market $92,000 Active 152 DOM
10. 2026-06-30
    days on market $92,000 Active 151 DOM
11. 2026-06-29
    days on market $92,000 Active 150 DOM
12. 2026-06-28
    days on market $92,000 Active 149 DOM
13. 2026-06-27
    days on market $92,000 Active 148 DOM
14. 2026-06-26
    days on market $92,000 Active 146 DOM
15. 2026-06-22
    days on market $92,000 Active 143 DOM
16. 2026-06-19
    days on market $92,000 Active 140 DOM
17. 2026-06-18
    days on market $92,000 Active 139 DOM
18. 2026-06-17
    days on market $92,000 Active 138 DOM
19. 2026-06-16
    days on market $92,000 Active 137 DOM
20. 2026-06-15
    days on market $92,000 Active 136 DOM
21. 2026-06-14
    days on market $92,000 Active 134 DOM
22. 2026-06-12
    days on market $92,000 Active 133 DOM
23. 2026-06-09
    days on market $92,000 Active 130 DOM
24. 2026-06-08
    days on market $92,000 Active 129 DOM
25. 2026-06-07
    days on market $92,000 Active 128 DOM
26. 2026-06-07
    days on market $92,000 Active 127 DOM
27. 2026-06-04
    days on market $92,000 Active 124 DOM
28. 2026-06-02
    days on market $92,000 Active 123 DOM
29. 2026-06-01
    days on market $92,000 Active 122 DOM
30. 2026-05-31
    days on market $92,000 Active 121 DOM
31. 2026-05-31
    days on market $92,000 Active 120 DOM
32. 2026-01-30
    listed $92,000 Active 391-char remark
33. 2025-11-14
    price $98,000
34. 2021-12-08
    listed $90,000 Active
35. 2021-10-28
    soldstatus $170,000
36. 2007-10-12
    soldstatus
37. 2007-10-12
    soldstatus $63,500

ⓘ 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: $520 · $43/mo
• Projected year-2 tax: $520 · $43/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 8/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $14,900
• − Mortgage interest: −$4,845
• − Property taxes: −$520
• − Insurance: −$432
• − Repairs & maintenance: −$1,192
• − Management: −$1,192
• − Depreciation: −$2,516
• Taxable income: $4,202
• Est. tax owed @ 24.0%: −$1,009
• After-tax cash flow: $4,367/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.

Condition & rehab AI · 10 photos

Average 55/100 Cosmetic rehab Est. rehab $6,500–$19,500 screening

This single-family home is move-in ready with a practical layout and average condition. It offers a solid opportunity for investors or primary residents.

Components & finishes AI

Roof asphalt shingle · good Flooring hardwood Counters granite Appliances stainless steel HVAC central · new lt5

Repairs flagged

• Minor paint — neutral paint with some minor scuffing
• Minor landscaping — low-maintenance yard with grass and trees

Value-add opportunities

• Both paint — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both landscaping — A well-maintained yard can improve curb appeal and attract potential buyers ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 36/100

Zoned Schools

Elementary West Leesville Elementary School F LA #324/646 Nat'l #26,279/41,679 Middle Leesville Junior High School F LA #95/218 Nat'l #7,813/14,009 High Leesville High School F LA #66/265 Nat'l #7,439/17,239

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

B Composite livability gradescore 73/100

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

• Census place: Leesville, LA
• County: Vernon Parish · 45,401 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: 9% of renters

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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%

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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%
• Languages at home: 94% English-only · Spanish 3% French/Haitian/Cajun 1%

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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

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Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Property features AI

Exterior

• Utilities: Public waterPublic sewer
• Home design: Single-story single-family residence
• Construction: Vinyl siding

Interior

• Bathrooms: 1 full bathroom

Price history

+36.2% since first listed

6 events — show timeline

• 2026-11-05 Listed $86,500 GFPAR
• 2025-11-14 Price Changed $98,000 GFPAR
• 2021-12-08 Listed $90,000 GFPAR
• 2021-10-28 Sold (Public Records) $170,000 Public Records
• 2007-10-12 Sold (Public Records) $63,500 Public Records
• 2007-10-12 Sold (MLS) — GFPAR

Property tax history

+1.0%/yr

Latest (2025): $520 · -0.8% YoY. Source: county tax records.