4875 Topsy Rd · Gillis, LA 70611

$80,000

3 bd · 2.0 ba · 1,287 sqft · Manufactured · 320 Days on market

Built 2000 1.29 ac lot $62/sqft · 47% below area Est $150k · 47% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AFFORDABLE & WELL MAINTAINED. .. this 3 bedroom / 2 bath mobile home was purchased new and moved to its current location, permitting it to qualify for multiple loan types. Sitting on well over an acre in a country setting just minutes from the busy, beaten path of Highway 171, this one is priced to sell and a must see. It's been a one owner home and taken care of through the years. The addition is simply lagniappe and could be used as an office, 4th bedroom, game room, etc. The property lies in flood zone X where flood insurance is typically not required. Whether looking for a reasonably priced weekend retreat in the country, a starter home or downsizing, this one could be the one. Call today to schedule your showing of this well maintained home. Mobile home is immobilized.

Key facts

• Addition
• One owner home
• Flood zone x

Tags

• ONE OWNER HOME
• ADDITION
• FLOOD ZONE X
• MOBILE HOME IMMOBILIZED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $654 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.1% vs local median 3.4% in Gillis — 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 39/100 on livability (#468 in LA) — a limited-amenity area; tenant pool skews transient or value-seeking. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute F.
• 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: 322 active listings in the ZIP; solid renter incomes; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• This rent is only 17% of the median local income ($102k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 320 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $80k implies a 700% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 320 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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.
6. 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.
7. 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: 1.78% ✓
• Cap rate: 16.10%
• Cash-on-cash: 35.03%
• DSCR: 2.56
• GRM: 4.7

CMA / ARV

• ARV (median comp): $150,000
• List price: $80,000
• Delta: -46.67%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 30.5%
• Equity multiple: 2.28×
• Total profit: $28,651
• Equity at exit: $11,928

10-year hold

• IRR: 37.8%
• Equity multiple: 4.50×
• Total profit: $78,452
• Equity at exit: $6,917

Cash invested: $22,400 (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 70611

• Active inventory: 322
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,423 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$17 /mo · $207/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $654

Break-even live

Break-even rent $595

Max offer price $80,000

Occupancy floor 49%

Sensitivity live

Price	-10% $699	-5% $676	+0% $654	+5% $631	+10% $609
Rent	-10% $541	-5% $598	+0% $654	+5% $710	+10% $766
Rate	-1.0pp $694	-0.5pp $674	base $654	+0.5pp $633	+1.0pp $612

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $80,000 Active 320 DOM
2. 2026-06-19
   days on market $80,000 Active 318 DOM
3. 2026-06-18
   days on market $80,000 Active 317 DOM
4. 2026-06-17
   days on market $80,000 Active 316 DOM
5. 2026-06-16
   days on market $80,000 Active 315 DOM
6. 2026-06-15
   days on market $80,000 Active 314 DOM
7. 2026-06-14
   days on market $80,000 Active 312 DOM
8. 2026-06-13
   days on market $80,000 Active 311 DOM
9. 2026-06-10
   days on market $80,000 Active 309 DOM
10. 2026-06-09
    days on market $80,000 Active 308 DOM
11. 2026-06-08
    days on market $80,000 Active 307 DOM
12. 2026-06-07
    days on market $80,000 Active 306 DOM
13. 2026-06-05
    days on market $80,000 Active 303 DOM
14. 2026-06-02
    days on market $80,000 Active 301 DOM
15. 2026-06-01
    pricedays on market $80,000 Active 300 DOM
16. 2026-05-31
    days on market $90,000 Active 299 DOM
17. 2026-05-30
    days on market $90,000 Active 298 DOM
18. 2025-09-24
    status Active 790-char remark

    Show marketing remark (790 chars)

    AFFORDABLE & WELL MAINTAINED. .. this 3 bedroom / 2 bath mobile home was purchased new and moved to its current location, permitting it to qualify for multiple loan types. Sitting on well over an acre in a country setting just minutes from the busy, beaten path of Highway 171, this one is priced to sell and a must see. It's been a one owner home and taken care of through the years. The addition is simply lagniappe and could be used as an office, 4th bedroom, game room, etc. The property lies in flood zone X where flood insurance is typically not required. Whether looking for a reasonably priced weekend retreat in the country, a starter home or downsizing, this one could be the one. Call today to schedule your showing of this well maintained home. Mobile home is immobilized.

19. 2025-08-11
    historical Active Under Contract 790-char remark

    Show marketing remark (790 chars)

    AFFORDABLE & WELL MAINTAINED. .. this 3 bedroom / 2 bath mobile home was purchased new and moved to its current location, permitting it to qualify for multiple loan types. Sitting on well over an acre in a country setting just minutes from the busy, beaten path of Highway 171, this one is priced to sell and a must see. It's been a one owner home and taken care of through the years. The addition is simply lagniappe and could be used as an office, 4th bedroom, game room, etc. The property lies in flood zone X where flood insurance is typically not required. Whether looking for a reasonably priced weekend retreat in the country, a starter home or downsizing, this one could be the one. Call today to schedule your showing of this well maintained home. Mobile home is immobilized.

20. 2023-06-16
    listed $90,000 Active 790-char remark

    Show marketing remark (790 chars)

    AFFORDABLE & WELL MAINTAINED. .. this 3 bedroom / 2 bath mobile home was purchased new and moved to its current location, permitting it to qualify for multiple loan types. Sitting on well over an acre in a country setting just minutes from the busy, beaten path of Highway 171, this one is priced to sell and a must see. It's been a one owner home and taken care of through the years. The addition is simply lagniappe and could be used as an office, 4th bedroom, game room, etc. The property lies in flood zone X where flood insurance is typically not required. Whether looking for a reasonably priced weekend retreat in the country, a starter home or downsizing, this one could be the one. Call today to schedule your showing of this well maintained home. Mobile home is immobilized.

21. 2002-02-19
    soldstatus $10,000

ⓘ 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: $207 · $17/mo
• Projected year-2 tax: $440 · $37/mo
• Expected delta: +$233/yr (+$19/mo · 112.1%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,073
• − Mortgage interest: −$4,481
• − Property taxes: −$207
• − Insurance: −$400
• − Repairs & maintenance: −$1,366
• − Management: −$1,366
• − Depreciation: −$2,327
• Taxable income: $6,926
• Est. tax owed @ 24.0%: −$1,662
• After-tax cash flow: $6,184/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 — Gillis

• Score: 39/100
• State rank: #468
• US rank: #27399

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Calcasieu Parish · 170,889 people
• Metro: Lake Charles, LA
• Population (ZIP): 22,124
• Household income: $101,844
• Rent vs Own: 13.9% rent · 86.1% own
• Severe rent burden: 183.0

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: Predominantly White (84%)
• Race & ethnicity: White 84% Black 11% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 10% Slovak 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 1% Spanish 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: ▼ -84.82%
• Current HPI: 115.0052
• Rent YoY: —
• 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

+800.0% since first listed

4 events — show timeline

• 2025-09-24 Relisted — SWLAR
• 2025-08-11 Contingent — SWLAR
• 2023-06-16 Listed $90,000 SWLAR
• 2002-02-19 Sold (Public Records) $10,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $207 · +1.6% YoY. Source: county tax records.