1123 Williams St · Franklinton, LA 70438

$155,000

3 bd · 2.0 ba · 1,655 sqft · Land · 75 Days on market

Built 1962 $94/sqft · at area comps Est $162k · at est.

---

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 +13.2/30.0
• ARV discount +9.4/15.0
• DSCR +4.0/10.0
• 1% rule +3.7/10.0
• Livability +3.5/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

Key facts

• Built 1962
• Listed 75 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $155k.

Deal economics

• At list price, monthly cash flow is $-1 ($-18/yr) — negative.
• To cash-flow at today's rent, offer at most $155k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (12.6% below list).
• Recommended offer: $135k (12.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#67 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Washington Parish (rural): math 27% / reading 41% proficiency, ranked #38 of 98 in LA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Franklinton Primary School (math 22% / reading 32%, grade F, #359 of 646 statewide, top 57%, 664 students, 56% FRL); Franklinton Junior High School (math 27% / reading 46%, grade F, #82 of 218 statewide, top 38%, 362 students, 59% FRL); Franklinton High School (math 27% / reading 42%, grade F, #106 of 265 statewide, top 43%, 732 students, 56% FRL) — zoned schools average 57% FRL vs 77% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 245 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10 units permitted in Washington 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.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 27y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $155k implies a 244% gain — meaningful room to come down on a strong offer.

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 $135,405 (12.6% 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 75 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.87% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (median comp): $161,828
• List price: $155,000
• Delta: -4.22%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-25,190
• Equity at exit: $23,111

10-year hold

• IRR: -8.1%
• Equity multiple: 0.49×
• Total profit: $-21,973
• 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 70438

• Home prices YoY: -14.2%
• Active inventory: 245
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,354 medium
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $-1

Break-even live

Break-even rent $1,356

Max offer price $154,787

Occupancy floor 95%

Sensitivity live

Price	-10% $106	-5% $52	+0% $-1	+5% $-55	+10% $-109
Rent	-10% $-108	-5% $-55	+0% $-1	+5% $52	+10% $105
Rate	-1.0pp $77	-0.5pp $38	base $-1	+0.5pp $-42	+1.0pp $-82

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 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
331 Main St Franklinton, LA	3.0	2.0	1399	$1,500	$1.07	25d	1	0.26mi
23543 Ellis Lee Rd Franklinton, LA	3.0	1.0	1703	$1,150	$0.68	25d	1	0.41mi

Listing history 24 events

1. 2026-06-21
   days on market $155,000 Active 75 DOM
2. 2026-06-18
   days on market $155,000 Active 72 DOM
3. 2026-06-17
   days on market $155,000 Active 71 DOM
4. 2026-06-16
   pricedays on market $155,000 Active 70 DOM
5. 2026-06-15
   days on market $165,000 Active 69 DOM
6. 2026-06-13
   days on market $165,000 Active 67 DOM
7. 2026-06-10
   days on market $165,000 Active 64 DOM
8. 2026-06-09
   days on market $165,000 Active 63 DOM
9. 2026-06-08
   days on market $165,000 Active 62 DOM
10. 2026-06-07
    days on market $165,000 Active 61 DOM
11. 2026-06-03
    days on market $165,000 Active 57 DOM
12. 2026-06-02
    days on market $165,000 Active 56 DOM
13. 2026-06-01
    days on market $165,000 Active 55 DOM
14. 2026-05-31
    days on market $165,000 Active 54 DOM
15. 2026-04-23
    status Active 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

16. 2026-04-23
    status Active 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

17. 2026-04-10
    status Pending 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

18. 2026-04-10
    historical Active Under Contract 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

19. 2026-04-07
    listed $165,000 Active 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

20. 2026-04-07
    listed $165,000 Active 691-char remark

    Show marketing remark (691 chars)

    This charming 3 bedroom, 2 bath home situated in the heart of Franklinton has undergone a beautiful transformation! New flooring! New fixtures, fresh paint, and a remodeled kitchen featuring all new cabinets and countertops! The roof, including the sheathing was all replaced in 2024 offering superior protection and peace of mind! Large bonus room off the kitchen offers multiple uses including a fourth bedroom, craft/hobby room, or large dining room! Mixed use zoning per the Town of Franklinton offers both residential or commercial uses. Expansive backyard gives plenty of room for pets or gardening and comes complete with a storage shed! This one is move in ready and waiting for you!

21. 2012-05-18
    soldstatus $45,000
22. 2012-02-08
    listed $47,000
23. 2012-02-08
    listed $47,000
24. 1999-10-08
    listed $36,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,249
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$1,300
• − Management: −$1,300
• − Depreciation: −$4,509
• Taxable loss: −$2,643
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $617/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: Washington Parish
• NCES district ID: 2201860
• Math proficiency: 27% ▼ -34.00%
• Reading proficiency: 41% ▼ -29.00%
• Median HH income: $34,972
• Composite: 28.03/100
• National rank: #6844
• State rank: #38 of 98 in LA

Livability — Franklinton

• Score: 69/100
• State rank: #67
• US rank: #8352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklinton, LA
• Population (ZIP): 19,935

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 22% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Slovak 2% German 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.73%
• Current HPI: 191.4762
• 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

+358.3% since first listed

10 events — show timeline

• 2026-04-23 Relisted — AcadianaMLS
• 2026-04-23 Relisted — GSREIN
• 2026-04-10 Pending — AcadianaMLS
• 2026-04-10 Contingent — GSREIN
• 2026-04-07 Listed $165,000 GSREIN
• 2026-04-07 Listed $165,000 AcadianaMLS
• 2012-05-18 Sold (MLS) $45,000 GSREIN
• 2012-02-08 Listed $47,000 AcadianaMLS
• 2012-02-08 Listed $47,000 GSREIN
• 1999-10-08 Listed $36,000 AcadianaMLS

Property tax history

-1.7%/yr

Latest (2025): $82 · +0.4% YoY. Source: county tax records.