6020 Applegate Cir · Bossier City, LA 71111

$259,900

4 bd · 2.0 ba · 1,706 sqft · SingleFamily public records · 44 Days on market

Built 1996 7,841 sqft lot $152/sqft · 15% below area Est $305k · 15% 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 +14.8/30.0
• ARV discount +14.2/15.0
• DSCR +4.5/10.0
• Rent growth +4.1/5.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

WOW! Check out this FULLY REMODELED Stockwell Place Stunner!!! This home has been beautifully improved in such a way that exudes true pride in ownership! From the lush landscaping, to the natural light, and the updated bathrooms and kitchen, with new appliances and quartz countertops. The 4th Bedroom would make a fabulous office or even formal dining space. There is truly little to be desired! Fabulous schools, with nearby neighborhood amenities, make this community feel like its own slice of heaven that still maintains convenience to major interstates. You will fall in love the moment you step inside!

Key facts

• Quartz countertops
• Fully remodeled
• Updated bathrooms

Tags

• FULLY REMODELED
• LUSH LANDSCAPING
• UPDATED BATHROOMS
• UPDATED KITCHEN
• NEW APPLIANCES
• QUARTZ COUNTERTOPS

Property features AI

Finance

• Other: Property type: Residential - Single Family Residence; Accessibility features not indicated
• Financial info: No second mortgage indicated; Loan type: Treat as clear
• HOA & community: No homeowners association

Exterior

• Parking: Covered parking for 2 vehicles; 2-car attached garage; Driveway
• Utilities: City sewer; City water; Co-op electric
• Home design: Single-family residence; One story
• Construction: Built in 1996
• Exterior features: Lot less than 0.5 acre; Lot measures approximately 0.18 acres; Subdivision: Stockwell Place 03

Interior

• Kitchen: Dishwasher; Garbage disposal
• Bedrooms: Primary bedroom on main level; Total of 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cable TV available; Eat-in kitchen; Granite counters; High-speed internet available; One living area; One dining area; Room count includes 3 main rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-353 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (24.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (18.9% below list).
• Recommended offer: $197k (24.0% below list) — sets the bar for cash-flow.
• Cap rate 6.6% vs local median 4.7% in Bossier City — 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 71/100 on livability (#47 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Bossier Parish (urban): math 40% / reading 47% proficiency, ranked #17 of 98 in LA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bossier Elementary School (math 8% / reading 17%, grade F, #550 of 646 statewide, top 88%, 222 students, 93% FRL) — zoned schools average 93% FRL vs 41% district-wide (52 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 12% at this address vs 44% district-wide (-31 pts) — the specific schools serving this property underperform the Bossier Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.6%/yr); 421 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 716 units permitted in Bossier Parish in 2024 (0 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 $8k of value loss. Plan a longer hold.
• Bossier County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y 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 $225k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 66% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,474 (24.0% 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 44 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.81% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 10.3

CMA / ARV

• ARV (median comp): $305,461
• List price: $259,900
• Delta: -14.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6012 Pepperwood Cir	0.13mi	4/2.0	1,772 (+4%)	3mo	$269,900	$152	85
2409 Stockwell Rd	0.38mi	3/2.0 (-1)	1,667 (-2%)	1mo	$165,000	$99	72
6014 Ellington Way	0.06mi	3/2.0 (-1)	1,901 (+11%)	2mo	$268,000	$141	71
2200 Middle Creek Blvd	0.39mi	3/2.0 (-1)	1,768 (+4%)	2mo	$279,000	$158	69
5900 Stockwood St	0.46mi	3/2.0 (-1)	1,728 (+1%)	3mo	$245,000	$142	69
2186 Stockwell Rd	0.24mi	3/2.0 (-1)	1,541 (-10%)	1mo	$297,500	$193	67
2308 Stockwell Rd	0.27mi	3/2.0 (-1)	1,501 (-12%)	3mo	$230,000	$153	60
113 Red Fox Cir	0.66mi	3/2.0 (-1)	1,645 (-4%)	1mo	$244,500	$149	57
2103 Sandhurst St	0.61mi	3/2.0 (-1)	1,610 (-6%)	2mo	$220,000	$137	56
516 Dogwood South Ln	0.68mi	4/2.0	1,860 (+9%)	3mo	$319,500	$172	51
6004 Summerville Ln	0.59mi	3/2.0 (-1)	1,524 (-11%)	3mo	$249,900	$164	47
519 Dogwood South Ln	0.71mi	3/2.0 (-1)	1,953 (+14%)	1mo	$345,000	$177	36

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 · 6.56% rent growth · sell at horizon

5-year hold

• IRR: -21.8%
• Equity multiple: 0.22×
• Total profit: $-56,629
• Equity at exit: $38,752

10-year hold

• IRR: -8.0%
• Equity multiple: 0.41×
• Total profit: $-43,059
• Equity at exit: $22,471

Cash invested: $72,772 (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 71111

• Home prices YoY: -34.8%
• Rents YoY: 6.6%
• Active inventory: 421
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,109 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$122 /mo · $1,460/yr
• Insurance: −$108
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-353

Break-even live

Break-even rent $2,556

Max offer price $197,474

Occupancy floor —

Sensitivity live

Price	-10% $-206	-5% $-280	+0% $-353	+5% $-427	+10% $-501
Rent	-10% $-520	-5% $-437	+0% $-353	+5% $-270	+10% $-187
Rate	-1.0pp $-222	-0.5pp $-287	base $-353	+0.5pp $-421	+1.0pp $-489

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 Hickory Ridge Dr Bossier City, LA	4.0	2.0	1900	$1,950	$1.03	21d	1	0.46mi
6011 Jason St Bossier City, LA	3.0	2.0	1887	$2,000	$1.06	14d	1	0.67mi
2523 Brookhaven Dr Bossier City, LA	3.0	2.0	1800	$1,950	$1.08	21d	1	0.68mi
8052 Fernwood Cir Haughton, LA	3.0	2.0	2005	$1,850	$0.92	14d	1	0.71mi
6021 Whitney Dr Bossier City, LA	4.0	2.0	1780	$2,100	$1.18	44d	1	0.78mi
8509 Woodhill Ln Haughton, LA	3.0	2.0	1451	$1,650	$1.14	44d	1	1.04mi
369 Wood Spgs Haughton, LA	4.0	2.0	1890	$2,300	$1.22	14d	1	1.07mi
701 Fir Wood Ln Haughton, LA	4.0	3.0	2065	$2,400	$1.16	44d	1	1.14mi

Listing history 36 events

1. 2026-06-18
   days on market $259,900 Active 44 DOM
2. 2026-06-17
   days on market $259,900 Active 43 DOM
3. 2026-06-16
   days on market $259,900 Active 42 DOM
4. 2026-06-15
   days on market $259,900 Active 41 DOM
5. 2026-06-14
   days on market $259,900 Active 39 DOM
6. 2026-06-13
   days on market $259,900 Active 38 DOM
7. 2026-06-10
   days on market $259,900 Active 36 DOM
8. 2026-06-09
   days on market $259,900 Active 35 DOM
9. 2026-06-08
   days on market $259,900 Active 34 DOM
10. 2026-06-07
    days on market $259,900 Active 33 DOM
11. 2026-06-02
    days on market $259,900 Active 28 DOM
12. 2026-06-01
    days on market $259,900 Active 27 DOM
13. 2026-05-31
    days on market $259,900 Active 26 DOM
14. 2026-05-30
    days on market $259,900 Active 25 DOM
15. 2026-05-05
    listed $259,900 Active 609-char remark
16. 2026-05-04
    historical
17. 2026-03-18
    price $264,900
18. 2026-01-05
    listed $269,900 Active
19. 2025-12-19
    historical
20. 2025-11-05
    listed $274,900 Active
21. 2022-10-03
    soldstatus Closed
22. 2022-10-03
    soldstatus $225,000
23. 2022-08-23
    historical Active Contingent
24. 2022-08-09
    status Active
25. 2022-07-18
    historical
26. 2022-06-28
    historical Active Contingent
27. 2022-06-27
    status Active
28. 2022-06-20
    historical Active Contingent
29. 2022-06-17
    status Active
30. 2022-06-10
    historical Active Contingent
31. 2022-06-03
    listed $225,000 Active
32. 2010-10-29
    soldstatus
33. 2005-03-31
    soldstatus $166,500
34. 2001-12-03
    soldstatus $136,000
35. 1998-11-30
    soldstatus $123,000
36. 1996-08-23
    soldstatus $111,250

ⓘ 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: $1,460 · $122/mo
• Projected year-2 tax: $1,460 · $122/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,307
• − Mortgage interest: −$14,558
• − Property taxes: −$1,460
• − Insurance: −$6,418
• − Repairs & maintenance: −$2,025
• − Management: −$2,025
• − Depreciation: −$7,561
• Taxable loss: −$8,739
• Est. tax savings @ 24.0%: +$2,097
• After-tax cash flow: $-2,143/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: Bossier Parish
• NCES district ID: 2200270
• Math proficiency: 40% ▼ -32.00%
• Reading proficiency: 47% ▼ -28.00%
• Median HH income: $51,326
• Composite: 37.5/100
• National rank: #4402
• State rank: #17 of 98 in LA

Livability — Bossier City

• Score: 71/100
• State rank: #47
• US rank: #7044

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bossier City, LA
• County: Bossier Parish · 98,704 people
• City population: 91,925
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 43,925
• Household income: $65,292
• Rent vs Own: 42.5% rent · 57.5% own
• Severe rent burden: 1942.0

Population outlook (Bossier County) Hauer SSP2

• Today (2025): 143,247 people
• By 2030: 151,802 · +6.0%
• By 2040: 168,194 · +17.4%
• By 2050: 183,533 · +28.1%
• By 2075: 217,009 · +51.5%
• By 2100: 230,091 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 56% Black 29% Hispanic / Latino 9% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 2% Iranian 1% Slovak 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 7% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Bossier

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.3%
• 2008→2024 swing: +0.3pp no change · 2008: -43.7pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.0 2016: R+45.8 2012: R+45.4 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.78%
• Current HPI: 149.4336
• Rent YoY: ▲ 6.56%
• Metro: Shreveport-Bossier City, 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

+133.6% since first listed

22 events — show timeline

• 2026-05-05 Listed $259,900 NTREIS
• 2026-05-04 Listing Removed — NTREIS
• 2026-03-18 Price Changed $264,900 NTREIS
• 2026-01-05 Listed $269,900 NTREIS
• 2025-12-19 Listing Removed — NTREIS
• 2025-11-05 Listed $274,900 NTREIS
• 2022-10-03 Sold (Public Records) $225,000 Public Records
• 2022-10-03 Sold (MLS) — NTREIS
• 2022-08-23 Contingent — NTREIS
• 2022-08-09 Relisted — NTREIS
• 2022-07-18 Listing Removed — NTREIS
• 2022-06-28 Contingent — NTREIS
• 2022-06-27 Relisted — NTREIS
• 2022-06-20 Contingent — NTREIS
• 2022-06-17 Relisted — NTREIS
• 2022-06-10 Contingent — NTREIS
• 2022-06-03 Listed $225,000 NTREIS
• 2010-10-29 Sold (Public Records) — Public Records
• 2005-03-31 Sold (Public Records) $166,500 Public Records
• 2001-12-03 Sold (Public Records) $136,000 Public Records
• 1998-11-30 Sold (Public Records) $123,000 Public Records
• 1996-08-23 Sold (Public Records) $111,250 Public Records

Property tax history

-3.0%/yr

Latest (2025): $1,460 · -1.3% YoY. Source: county tax records.