13344 David Lee Dr · Walker, LA 70785

$224,900

3 bd · 2.0 ba · 1,300 sqft · SingleFamily · 21 Days on market

Built 1998 0.43 ac lot $173/sqft · 8% below area Est $245k · 8% under

---

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 +11.2/15.0
• Schools +4.0/10.0
• Livability +3.8/5.0
• DSCR +3.7/10.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market due to buyer financing--Here's a sweet charmer in a wonderful location in the Walker School District, quiet, with a large, privacy-fenced yard. Well-maintained with updated granite, no carpet, large rooms, and walk-in closets. All stainless steel appliances remain, as well as the washer and dryer. There's an 8x9 Morgan Building for additional storage, as well as a storage room. The living room is spacious with a wood-burning fireplace. The wrought-iron gate adds character, and the flower beds are waiting to be brought back to life. The roof was replaced here in 2021. This is one to see in person!

Key facts

• 8x9 morgan building
• Wrought-iron gate
• Updated granite

Tags

• LARGE PRIVACY-FENCED YARD
• UPDATED GRANITE
• STAINLESS STEEL APPLIANCES
• 8X9 MORGAN BUILDING
• WOOD-BURNING FIREPLACE
• WROUGHT-IRON GATE

Property features AI

Exterior

• Parking: 2 total parking spaces; 2-car carport
• Security: Security system; Smoke detectors
• Utilities: Cable connected; Public sewer
• Home design: Detached single-family residence; Residential property
• Construction: Vinyl siding, brick, and stucco exterior; Shingle roof; Slab foundation; Built in 2007
• Exterior features: Covered patio; Fenced yard with full privacy and wrought iron sections; Shed(s)

Interior

• Kitchen: Range; Oven; Dishwasher; Disposal; Microwave; Refrigerator; Stainless steel appliances
• Flooring: Tile; Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Eat-in kitchen; Crown molding; High ceilings; Window treatments; Gas log fireplace
• Laundry & utility: Inside laundry room with washer and electric dryer hookups; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-159 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (12.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (20.9% below list).
• Recommended offer: $178k (20.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.8% in Walker — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 75/100 on livability (#19 in LA, #3,999 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities D-, commute F.
• Livingston Parish (suburban): math 40% / reading 52% proficiency, ranked #13 of 98 in LA (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 253 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 28y 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

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% 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 $177,824 (20.9% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
5. 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?
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: 0.79% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.65%
• DSCR: 0.97
• GRM: 10.5

CMA / ARV

• ARV (median comp): $245,042
• List price: $224,900
• Delta: -8.22%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13249 David Lee Dr	0.19mi	3/2.0	1,321 (+2%)	22mo	$210,000	$159	70
13312 David Lee Dr	0.06mi	3/2.0	1,395 (+7%)	22mo	$199,000	$143	67
13272 David Lee Dr	0.14mi	3/2.0	1,437 (+10%)	13mo	$245,000	$170	65
13367 Isabella Blvd	0.73mi	3/2.0	1,455 (+12%)	6mo	$230,000	$158	41
13321 Isabella Blvd	0.73mi	3/2.0	1,490 (+15%)	24mo	$1,600	$1	22

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -21.4%
• Equity multiple: 0.26×
• Total profit: $-46,561
• Equity at exit: $33,533

10-year hold

• IRR: -14.9%
• Equity multiple: 0.15×
• Total profit: $-53,481
• Equity at exit: $19,445

Cash invested: $62,972 (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 70785

• Home prices YoY: -34.0%
• Active inventory: 253
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$166 /mo · $1,990/yr
• Insurance: −$94
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-159

Break-even live

Break-even rent $1,980

Max offer price $196,746

Occupancy floor —

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13340 Isabella Blvd Walker, LA	4.0	2.0	1668	$2,000	$1.20	44d	1	0.75mi
30794 Tanner Ln Walker, LA	3.0	2.0	1184	$1,550	$1.31	23d	1	0.77mi
12567 Orchid Ln Walker, LA	4.0	2.0	1496	$1,750	$1.17	18d	1	0.92mi
12567 Orchid Ln Walker, LA	4.0	2.0	1496	$1,750	$1.17	14d	1	0.92mi
12268 Cottage Hill Dr Walker, LA	3.0	2.0	1373	$1,850	$1.35	18d	1	1.01mi
14401 Courtney Rd Unit 3 Walker, LA	3.0	2.0	1280	$1,250	$0.98	14d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $224,900 Active 21 DOM
2. 2026-06-17
   days on market $224,900 Active 20 DOM
3. 2026-06-16
   days on market $224,900 Active 19 DOM
4. 2026-06-15
   days on market $224,900 Active 18 DOM
5. 2026-06-14
   days on market $224,900 Active 16 DOM
6. 2026-06-13
   days on market $224,900 Active 15 DOM
7. 2026-06-10
   days on market $224,900 Active 13 DOM
8. 2026-06-09
   days on market $224,900 Active 12 DOM
9. 2026-06-08
   days on market $224,900 Active 11 DOM
10. 2026-06-07
    remarks 622-char remark
11. 2026-06-07
    statusdays on market $224,900 Active 10 DOM
12. 2026-05-15
    listed $224,900 Active 579-char remark

    Show marketing remark (622 chars)

    Back on the market due to buyer financing--Here's a sweet charmer in a wonderful location in the Walker School District, quiet, with a large, privacy-fenced yard. Well-maintained with updated granite, no carpet, large rooms, and walk-in closets. All stainless steel appliances remain, as well as the washer and dryer. There's an 8x9 Morgan Building for additional storage, as well as a storage room. The living room is spacious with a wood-burning fireplace. The wrought-iron gate adds character, and the flower beds are waiting to be brought back to life. The roof was replaced here in 2021. This is one to see in person!

13. 2026-05-15
    listed $224,900 Active 579-char remark

    Show marketing remark (622 chars)

    Back on the market due to buyer financing--Here's a sweet charmer in a wonderful location in the Walker School District, quiet, with a large, privacy-fenced yard. Well-maintained with updated granite, no carpet, large rooms, and walk-in closets. All stainless steel appliances remain, as well as the washer and dryer. There's an 8x9 Morgan Building for additional storage, as well as a storage room. The living room is spacious with a wood-burning fireplace. The wrought-iron gate adds character, and the flower beds are waiting to be brought back to life. The roof was replaced here in 2021. This is one to see in person!

14. 1998-07-20
    soldstatus
15. 1998-04-01
    listed $90,000
16. 1998-04-01
    listed $90,000

ⓘ 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: $1,990 · $166/mo
• Projected year-2 tax: $1,990 · $166/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 6/10 Major FEMA zone A · 69% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,339
• − Mortgage interest: −$12,598
• − Property taxes: −$1,990
• − Insurance: −$2,627
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$6,543
• Taxable loss: −$5,833
• Est. tax savings @ 24.0%: +$1,400
• After-tax cash flow: $-512/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: Livingston Parish
• NCES district ID: 2201020
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 52% ▼ -32.00%
• Median HH income: $56,755
• Composite: 40.07/100
• National rank: #3811
• State rank: #13 of 98 in LA

Livability — Walker

• Score: 75/100
• State rank: #19
• US rank: #3999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Livingston Parish · 87,496 people
• City population: 23,921
• Metro: Baton Rouge, LA
• Population (ZIP): 23,921
• Household income: $89,103
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 343.0

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 158,511 people
• By 2030: 168,241 · +6.1%
• By 2040: 186,252 · +17.5%
• By 2050: 201,516 · +27.1%
• By 2075: 231,217 · +45.9%
• By 2100: 241,697 · +52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 6% Two or more races 4% Asian 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 10% Italian 2% Slovak 2%
• Foreign-born: 2% · Canada, China, Vietnam
• Languages at home: 97% English-only · Chinese 1% Spanish 1%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+68.5) · D 15.1% · R 83.6% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -71.9pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+70.0 2016: R+72.5 2012: R+70.4 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.92%
• Current HPI: 164.6373
• Rent YoY: —
• Metro: Baton Rouge, 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

+149.9% since first listed

9 events — show timeline

• 2026-06-04 Relisted — AcadianaMLS
• 2026-06-04 Relisted — GBRMLS
• 2026-05-22 Pending — AcadianaMLS
• 2026-05-22 Pending — GBRMLS
• 2026-05-15 Listed $224,900 GBRMLS
• 2026-05-15 Listed $224,900 AcadianaMLS
• 1998-07-20 Sold (MLS) — GBRMLS
• 1998-04-01 Listed $90,000 GBRMLS
• 1998-04-01 Listed $90,000 AcadianaMLS

Property tax history

+2.8%/yr

Latest (2024): $1,990 · +17.0% YoY. Source: county tax records.