6703 Pete Montgomery Rd · Bastrop, LA 71220

$62,000

4 bd · 2.0 ba · 1,714 sqft · Manufactured public records · 32 Days on market

Built 1972 2.85 ac lot ↓ 46% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +3.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks

Take a look at this 4 bedroom 1 bath , with bonus room. Sitting on 2.85 acres with above ground pool!! All sitting on a quiet dead end road. Come see this today!! School is in Beekman school district and pick up at driveway. The seller is a license realtor. .

Key facts

• 2.85 acre lot
• Pool
• Listed 31 days

Property features AI

Finance

• Other: Lot size approximately 2.85 acres; Zoned residential
• HOA & community: No association amenities

Exterior

• Security: Smoke detector(s)
• Utilities: Public water; Septic tank sewer; Propane service
• Home design: Single-story mobile home (double wide); Entry at level 1; Residential property
• Construction: Metal siding; Metal roof; Pillar/post/pier foundation; Built as a double wide mobile home
• Exterior features: Covered patio/porch; Above-ground private pool; Cleared lot; Paved road access

Interior

• Kitchen: Dishwasher; Refrigerator; Electric range
• Bedrooms: 4 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Propane heating; Ceiling fans; Wall/window cooling unit(s)
• Interior features: Ceiling fan(s); Smoke detector(s)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $62k.

Deal economics

• At list price, monthly cash flow is $574 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $60k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#425 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D, health & safety D, crime F.
• Morehouse Parish (town): math 10% / reading 19% proficiency, ranked #83 of 98 in LA (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 92 active listings in the ZIP; 11 units permitted in Morehouse Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $429 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Morehouse County population projected at -29% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.1% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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

• Climate carrying-cost: major wind risk, 60% 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 $60,140 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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. 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.
7. 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.
8. 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: 1.98% ✓
• Cap rate: 17.40%
• Cash-on-cash: 39.66%
• DSCR: 2.76
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.1% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.4%
• Equity multiple: 2.66×
• Total profit: $28,847
• Equity at exit: $11,747

10-year hold

• IRR: 43.0%
• Equity multiple: 5.28×
• Total profit: $74,259
• Equity at exit: $9,760

Cash invested: $17,360 (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 71220

• Home prices YoY: -1.2%
• Active inventory: 92
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,230 medium
• Mortgage (P&I): −$325
• Tax from tax record: −$47 /mo · $569/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $574

Break-even live

Break-even rent $504

Max offer price $62,000

Occupancy floor 48%

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $62,000 Active 32 DOM
2. 2026-06-18
   days on market $62,000 Active 31 DOM
3. 2026-06-17
   days on market $62,000 Active 30 DOM
4. 2026-06-16
   days on market $62,000 Active 29 DOM
5. 2026-06-15
   days on market $62,000 Active 28 DOM
6. 2026-06-14
   days on market $62,000 Active 26 DOM
7. 2026-06-13
   days on market $62,000 Active 25 DOM
8. 2026-06-10
   days on market $62,000 Active 23 DOM
9. 2026-06-09
   days on market $62,000 Active 22 DOM
10. 2026-06-08
    days on market $62,000 Active 21 DOM
11. 2026-06-07
    days on market $62,000 Active 20 DOM
12. 2026-06-05
    days on market $62,000 Active 17 DOM
13. 2026-06-03
    days on market $62,000 Active 16 DOM
14. 2026-06-03
    remarks 259-char remark
15. 2026-06-02
    days on market $62,000 Active 15 DOM
16. 2026-06-01
    days on market $62,000 Active 14 DOM
17. 2026-05-31
    days on market $62,000 Active 13 DOM
18. 2026-05-30
    days on market $62,000 Active 12 DOM
19. 2026-05-18
    listed $62,000 Active
20. 2025-02-04
    price $80,786
21. 2025-01-15
    price $89,786
22. 2024-12-02
    price $99,786
23. 2024-09-26
    listed $114,786 Active
24. 2009-09-28
    soldstatus

ⓘ 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: $569 · $47/mo
• Projected year-2 tax: $569 · $47/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 X · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $14,766
• − Mortgage interest: −$3,473
• − Property taxes: −$569
• − Insurance: −$310
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$1,804
• Taxable income: $6,248
• Est. tax owed @ 24.0%: −$1,500
• After-tax cash flow: $5,385/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: Morehouse Parish
• NCES district ID: 2201110
• Math proficiency: 10% ▼ -29.00%
• Reading proficiency: 19% ▼ -29.00%
• Median HH income: $30,482
• Composite: 11.46/100
• National rank: #9704
• State rank: #83 of 98 in LA

Livability — Bastrop

• Score: 50/100
• State rank: #425
• US rank: #25547

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 20,426

Population outlook (Morehouse County) Hauer SSP2

• Today (2025): 23,631 people
• By 2030: 22,114 · -6.4%
• By 2040: 19,203 · -18.7%
• By 2050: 16,698 · -29.3%
• By 2075: 11,998 · -49.2%
• By 2100: 8,622 · -63.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (51%)
• Race & ethnicity: Black 51% White 44% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2%
• Foreign-born: 1% · China

Political lean MEDSL · Morehouse

• 2024 margin: R (+19.4) · D 39.7% · R 59.0% · Other 1.3%
• 2008→2024 swing: -8.3pp toward R · 2008: -11.1pp · 2024: -19.4pp
• All cycles: 2024: R+19.4 2020: R+13.5 2016: R+11.4 2012: R+5.6 2008: R+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.10%
• Current HPI: 171.3272
• 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

-46.0% since first listed

6 events — show timeline

• 2026-05-18 Listed $62,000 NELABOR
• 2025-02-04 Price Changed $80,786 NELABOR
• 2025-01-15 Price Changed $89,786 NELABOR
• 2024-12-02 Price Changed $99,786 NELABOR
• 2024-09-26 Listed $114,786 NELABOR
• 2009-09-28 Sold (Public Records) — Public Records

Property tax history

+2.8%/yr

Latest (2024): $569 · +35.4% YoY. Source: county tax records.