615 Montgomery St · Bossier City, LA 71111

$25,000

1 bd · 1.0 ba · 516 sqft · SingleFamily · 112 Days on market

Built 1932 Fair condition 5,009 sqft lot $48/sqft · 46% below area Est $46k · 46% 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.1/5.0
• Livability +3.6/5.0
• Condition / age +2.2/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

1 Bed 1 Bath property in Bossier City, Louisiana. This property is rented for $411.95 per month. This is a great opportunity for any owner, occupant, or buyer looking to expand their rental portfolio. This is part of a large portfolio. Please see the agent for details.

Key facts

• 5,009 sq ft lot
• Built 1932
• Listed 111 days

🏷️ Possibly a rental listed for sale. The $25,000 price doesn't fit this home's estimated sale value (~$45,985) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $25k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $664 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $23k (9.0% below list) — sets the bar for market timing.
• Cap rate 38.2% vs local median 5.1% 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); Greenacres Middle School (math 24% / reading 33%, grade F, #119 of 218 statewide, top 57%, 611 students, 75% FRL); Airline High School (math 49% / reading 56%, grade C-, #30 of 265 statewide, top 12%, 2,021 students, 56% FRL) — zoned schools average 75% FRL vs 41% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 44% district-wide (-12 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); 607 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 140d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $173 of loan paydown is wiped out by about $750 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.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($23k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $22,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1932 — 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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 4.24% ✓
• Cap rate: 38.15%
• Cash-on-cash: 113.79%
• DSCR: 6.06
• GRM: 2.0

CMA / ARV

• ARV (median comp): $45,985
• List price: $25,000
• Delta: -45.63%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
633 Joannes St	0.15mi	1/1.0	600 (+16%)	48mo	$40,000	$67	48
2256 Naples St	2.11mi	1/1.0	600 (+16%)	55mo	$25,000	$42	20

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: —
• Equity multiple: 7.02×
• Total profit: $42,168
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 16.51×
• Total profit: $108,566
• Equity at exit: $2,162

Cash invested: $7,000 (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 →

Active competition Active MLS

• For sale now: 7 active
• Median asking: $25,000 ($48/sqft)
• Median days on market: 108 d
• This list price: 14% of active listings are priced below it
• ARV vs active asking: +83.9% above current asking $/sqft

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

ZIP-level market 71111

• Home prices YoY: -34.8%
• Rents YoY: 6.6%
• Active inventory: 607
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,059 high
• Mortgage (P&I): −$131
• Tax est. 1.5%: −$31 /mo · $375/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $664

Break-even live

Break-even rent $219

Max offer price $25,000

Occupancy floor 32%

Sensitivity live

Price	-10% $681	-5% $672	+0% $664	+5% $655	+10% $646
Rent	-10% $580	-5% $622	+0% $664	+5% $706	+10% $747
Rate	-1.0pp $676	-0.5pp $670	base $664	+0.5pp $657	+1.0pp $651

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: $6,250
• Closing costs: $750
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
321 Edwards St Bossier City, LA	2.0	1.0	676	$750	$1.11	139d	1	0.24mi
213 Kelly St Bossier City, LA	2.0	1.0	598	$1,300	$2.17	109d	1	0.29mi
1820 E Texas St Bossier City, LA	2.0	1.0	750	$850	$1.13	139d	1	0.43mi
301 Crockett St Shreveport, LA	1.0–2.0	1.0	884	$791	$0.89	6d	13	1.28mi
100 Crossroads Blvd Bossier City, LA	1.0–2.0	1.0–2.0	858	$1,059	$1.23	6d	1	1.34mi
400 Preston Blvd Bossier City, LA	1.0	1.0	706	$870	$1.23	139d	1	1.37mi

Property features AI

Finance

• Other: Property located in Bossier County, United StatesDirections: Please Google it
• Financial info: Treat as clear loan typeNo second mortgage
• HOA & community: No association

Exterior

• Parking: No carport or covered spacesOther parking features
• Utilities: City waterCity sewerNot in a municipal utility district
• Home design: Single family residenceOne storyResidential propertyBuilt in 1932
• Construction: Built in 1932
• Exterior features: Lot under 0.5 acre (approximately 0.115 acre)Subdivision: Cumberland

Interior

• Kitchen: Other appliances
• Bedrooms: 1 bedroom (primary bedroom on level 1)
• Bathrooms: 1 full bathroom
• Interior features: Two total roomsOne living areaOne dining areaOther interior features

Listing history 50 events

1. 2026-09-24
   days on market $25,000 Active 112 DOM
2. 2026-09-24
   days on market $25,000 Active 111 DOM
3. 2026-09-22
   days on market $25,000 Active 110 DOM
4. 2026-09-21
   days on market $25,000 Active 109 DOM
5. 2026-09-20
   days on market $25,000 Active 108 DOM
6. 2026-09-18
   days on market $25,000 Active 106 DOM
7. 2026-09-17
   days on market $25,000 Active 105 DOM
8. 2026-09-16
   days on market $25,000 Active 104 DOM
9. 2026-09-15
   days on market $25,000 Active 103 DOM
10. 2026-09-14
    days on market $25,000 Active 102 DOM
11. 2026-09-13
    days on market $25,000 Active 101 DOM
12. 2026-09-12
    days on market $25,000 Active 100 DOM
13. 2026-09-11
    days on market $25,000 Active 99 DOM
14. 2026-09-05
    days on market $25,000 Active 93 DOM
15. 2026-09-04
    days on market $25,000 Active 92 DOM
16. 2026-09-03
    days on market $25,000 Active 91 DOM
17. 2026-08-31
    days on market $25,000 Active 88 DOM
18. 2026-08-30
    days on market $25,000 Active 87 DOM
19. 2026-08-29
    days on market $25,000 Active 86 DOM
20. 2026-08-28
    days on market $25,000 Active 85 DOM
21. 2026-08-27
    days on market $25,000 Active 84 DOM
22. 2026-08-25
    days on market $25,000 Active 82 DOM
23. 2026-08-24
    days on market $25,000 Active 81 DOM
24. 2026-08-23
    days on market $25,000 Active 80 DOM
25. 2026-08-22
    days on market $25,000 Active 79 DOM
26. 2026-08-21
    days on market $25,000 Active 78 DOM
27. 2026-08-20
    days on market $25,000 Active 77 DOM
28. 2026-08-19
    days on market $25,000 Active 76 DOM
29. 2026-08-18
    days on market $25,000 Active 75 DOM
30. 2026-08-17
    days on market $25,000 Active 74 DOM
31. 2026-08-16
    days on market $25,000 Active 73 DOM
32. 2026-08-15
    days on market $25,000 Active 72 DOM
33. 2026-08-14
    days on market $25,000 Active 71 DOM
34. 2026-08-13
    days on market $25,000 Active 70 DOM
35. 2026-08-12
    days on market $25,000 Active 69 DOM
36. 2026-08-11
    days on market $25,000 Active 68 DOM
37. 2026-08-10
    days on market $25,000 Active 67 DOM
38. 2026-08-09
    days on market $25,000 Active 66 DOM
39. 2026-08-08
    days on market $25,000 Active 65 DOM
40. 2026-08-07
    days on market $25,000 Active 64 DOM
41. 2026-08-06
    days on market $25,000 Active 63 DOM
42. 2026-08-05
    days on market $25,000 Active 62 DOM
43. 2026-08-04
    days on market $25,000 Active 61 DOM
44. 2026-08-03
    days on market $25,000 Active 60 DOM
45. 2026-07-31
    days on market $25,000 Active 57 DOM
46. 2026-07-29
    days on market $25,000 Active 55 DOM
47. 2026-07-27
    days on market $25,000 Active 53 DOM
48. 2026-07-25
    days on market $25,000 Active 51 DOM
49. 2026-07-24
    days on market $25,000 Active 50 DOM
50. 2026-07-23
    status $25,000 Active 49 DOM

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

Taxation est. · year 1

• Rental income: $12,707
• − Mortgage interest: −$1,400
• − Property taxes: −$375
• − Insurance: −$125
• − Repairs & maintenance: −$1,017
• − Management: −$1,017
• − Depreciation: −$727
• Taxable income: $8,046
• Est. tax owed @ 24.0%: −$1,931
• After-tax cash flow: $6,034/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 · 0 photos

Fair 45/100 Moderate rehab Est. rehab $12,900–$23,220 screening

This single-family home in Bossier City, LA, requires moderate renovations to improve its condition and value. Key areas needing attention include the kitchen, bathrooms, and exterior. Upgrading these areas will significantly enhance its resale and rental potential.

Repairs flagged

• Major Kitchen countertops — The countertops are visibly worn and need replacement.
• Major Bathroom fixtures — The fixtures are outdated and need to be replaced.
• Moderate Exterior siding — The siding shows signs of wear and tear, indicating a need for repair or replacement.
• Major Flooring — The flooring in the kitchen and bathrooms is in poor condition and needs replacement.

Value-add opportunities

• Resale Replace kitchen countertops and cabinets — New countertops and cabinets will significantly improve the kitchen's appearance and functionality, enhancing the home's resale value. ↑
• Resale Replace bathroom fixtures — Upgrading the bathroom fixtures will improve the home's appeal and functionality, boosting its resale value. ↑
• Both Paint interior walls and exterior siding — Painting will improve the home's curb appeal and interior aesthetics, benefiting both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Moderate 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 20/100

Zoned Schools

Elementary Bossier Elementary School F LA #550/646 Nat'l #37,719/41,679 Middle Greenacres Middle School F LA #119/218 Nat'l #9,410/14,009 High Bossier High School F LA #186/265 Nat'l #14,491/17,239

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

B Composite livability gradescore 71/100

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 · 143,247 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: 7% of renters

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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%

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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%

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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

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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

Finance

• Other: Property located in Bossier County, United StatesDirections: Please Google it
• Financial info: Treat as clear loan typeNo second mortgage
• HOA & community: No association

Exterior

• Parking: No carport or covered spacesOther parking features
• Utilities: City waterCity sewerNot in a municipal utility district
• Home design: Single family residenceOne storyResidential propertyBuilt in 1932
• Construction: Built in 1932
• Exterior features: Lot under 0.5 acre (approximately 0.115 acre)Subdivision: Cumberland

Interior

• Kitchen: Other appliances
• Bedrooms: 1 bedroom (primary bedroom on level 1)
• Bathrooms: 1 full bathroom
• Interior features: Two total roomsOne living areaOne dining areaOther interior features

Price history

2 events — show timeline

• 2026-06-30 Contingent — NTREIS
• 2026-06-02 Listed $25,000 NTREIS