1807 Theriot St · Lake Charles, LA 70601

$129,989

3 bd · 2.0 ba · 1,217 sqft · SingleFamily · 71 Days on market

Built 1970 10,200 sqft lot $107/sqft · 28% above area Est $101k · 28% over

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +5.7/10.0
• Rent growth +4.0/5.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the heart of North Lake Charles this home is a sure to capture a buyer's eye. This newly remodeled property gives new amenities at a dynamic price. Featured in this home is a living/dining combined with natural gray laminated flooring throughout. A galley style kitchen with white cabinetry, quartz countertops and a brand-new stainless range oven and hood. The bath areas present custom tile tub surround paired with marble look tile flooring and all new features and fixtures as well. The bedroom spaces are well accommodating to give not only comfort but support lifestyle. The largest bedroom holds a separate area for an office nook or seating area. With this home you will also find a one car closed in garage, with a storage room inside. A massive backyard completes the value of this property along with the added bonus of an exterior storage building as well.

Key facts

• Quartz countertops
• Galley style kitchen
• White cabinetry

Tags

• GALLEY STYLE KITCHEN
• WHITE CABINETRY
• QUARTZ COUNTERTOPS
• CUSTOM TILE TUB SURROUND
• MARBLE LOOK TILE FLOORING
• ONE CAR CLOSED IN GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.3% in Lake Charles — 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 68/100 on livability (#95 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 363 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• This rent runs 33% of the median local income ($50k/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 $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,189 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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 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: 1.07% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.10%
• DSCR: 1.45
• GRM: 7.8

CMA / ARV

• ARV (median comp): $101,183
• List price: $129,989
• Delta: 28.47%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1518 N Prater St St N	0.31mi	3/2.0	1,373 (+13%)	8mo	$47,500	$35	58
1710 Graham St	0.71mi	3/2.0	1,345 (+10%)	2mo	$150,000	$112	48

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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $3,008
• Equity at exit: $19,382

10-year hold

• IRR: 14.3%
• Equity multiple: 2.31×
• Total profit: $47,730
• Equity at exit: $11,239

Cash invested: $36,397 (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 70601

• Rents YoY: 6.2%
• Active inventory: 363
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,394 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$59 /mo · $706/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $306

Break-even live

Break-even rent $1,006

Max offer price $129,989

Occupancy floor 73%

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: $32,497
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1735 Saint John St Lake Charles, LA	4.0	2.0	1500	$1,700	$1.13	43d	1	1.27mi

Listing history 17 events

1. 2026-06-19
   days on market $129,989 Active 71 DOM
2. 2026-06-18
   days on market $129,989 Active 70 DOM
3. 2026-06-17
   days on market $129,989 Active 69 DOM
4. 2026-06-16
   days on market $129,989 Active 68 DOM
5. 2026-06-15
   days on market $129,989 Active 67 DOM
6. 2026-06-14
   days on market $129,989 Active 65 DOM
7. 2026-06-13
   days on market $129,989 Active 64 DOM
8. 2026-06-10
   days on market $129,989 Active 62 DOM
9. 2026-06-09
   days on market $129,989 Active 61 DOM
10. 2026-06-08
    days on market $129,989 Active 60 DOM
11. 2026-06-07
    days on market $129,989 Active 59 DOM
12. 2026-06-05
    pricedays on market $129,989 Active 56 DOM
13. 2026-06-02
    days on market $137,500 Active 54 DOM
14. 2026-06-01
    days on market $137,500 Active 53 DOM
15. 2026-05-31
    days on market $137,500 Active 52 DOM
16. 2026-05-30
    days on market $137,500 Active 51 DOM
17. 2026-04-09
    listed $137,500 Active 879-char remark

    Show marketing remark (879 chars)

    Nestled in the heart of North Lake Charles this home is a sure to capture a buyer's eye. This newly remodeled property gives new amenities at a dynamic price. Featured in this home is a living/dining combined with natural gray laminated flooring throughout. A galley style kitchen with white cabinetry, quartz countertops and a brand-new stainless range oven and hood. The bath areas present custom tile tub surround paired with marble look tile flooring and all new features and fixtures as well. The bedroom spaces are well accommodating to give not only comfort but support lifestyle. The largest bedroom holds a separate area for an office nook or seating area. With this home you will also find a one car closed in garage, with a storage room inside. A massive backyard completes the value of this property along with the added bonus of an exterior storage building as well.

ⓘ 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: $706 · $59/mo
• Projected year-2 tax: $715 · $60/mo
• Expected delta: +$9/yr (+$1/mo · 1.3%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $16,724
• − Mortgage interest: −$7,281
• − Property taxes: −$706
• − Insurance: −$650
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − Depreciation: −$3,781
• Taxable income: $1,630
• Est. tax owed @ 24.0%: −$391
• After-tax cash flow: $3,285/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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Lake Charles

• Score: 68/100
• State rank: #95
• US rank: #9820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Charles, LA
• County: Calcasieu Parish · 170,889 people
• City population: 133,538
• Metro: Lake Charles, LA
• Population (ZIP): 30,872
• Household income: $49,992
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1304.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 59% White 31% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Lithuanian 7% Iranian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.32%
• Current HPI: 55.6127
• Rent YoY: ▲ 6.18%
• Metro: Lake Charles, 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

1 event — show timeline

• 2026-04-09 Listed $137,500 SWLAR

Property tax history

+0.5%/yr

Latest (2025): $706 · +4.5% YoY. Source: county tax records.