307 N Frederick Ave · Kaplan, LA 70548

$41,500

3 bd · 1.0 ba · 1,077 sqft · SingleFamily · 124 Days on market

$39/sqft · 42% below area Est $72k · 42% 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 +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy cottage with a lot of potential for first home or rental property. Located in Kaplan, LA lwith easy access to grocery stores, gas stations, eateries etc. Easy to maintain yard featuring a pecan tree and fig tree in back yard that are producing. Most of the interior of the home was home painted and new floors installed. No central a/c so I installed a new mini split unit. Brand new gas dryer will stay. Appliances you will need are gas stove, electric washer and refrigerator. I replaced all light switch and electrical outlets and plates throughout the home. Also, the water heater tank sat for a while and needs to be replaced. This is an As-Is Sale please text me with any questions or to schedule a walk through. I am available 7 days a week to do walk throughs. I will consider all reasonable offers and may make a further price adjustment if an all cash payment will be made. Text 337-357-8129

Key facts

• Pecan tree
• Fig tree
• Maintain yard

Tags

• EASY ACCESS TO GROCERY STORES
• EASY ACCESS TO GAS STATIONS
• EASY ACCESS TO EATERIES
• MAINTAIN YARD
• PECAN TREE
• FIG TREE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $42k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $42k).
• Recommended offer: $37k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.3% vs local median 5.4% in Kaplan — 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 63/100 on livability (#192 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools B; Watch: crime D, amenities F, commute F.
• Vermilion Parish (town): math 40% / reading 53% proficiency, ranked #15 of 98 in LA (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 54 active listings in the ZIP; 228 units permitted in Vermilion Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $287 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Vermilion County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($37k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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

• Watch-outs: flood insurance adds $152/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); 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 $36,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D 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: 2.45% ✓
• Cap rate: 21.28%
• Cash-on-cash: 53.53%
• DSCR: 3.38
• GRM: 3.4

CMA / ARV

• ARV (median comp): $72,127
• List price: $41,500
• Delta: -42.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
506 N Guidry St	0.16mi	3/1.0	1,100 (+2%)	14mo	$78,000	$71	77
803 N Herpin Ave	0.37mi	3/1.0	1,083 (+1%)	15mo	$15,000	$14	69
113 N Guidry Ave	0.15mi	3/1.0	1,116 (+4%)	22mo	$74,900	$67	68
310 N Boudreaux Ave	0.58mi	2/1.0 (-1)	1,050 (-2%)	4mo	$84,500	$80	60
109 Latour St	0.70mi	3/1.5	1,164 (+8%)	0mo	$125,000	$107	51
1207 N Irving Ave	0.67mi	3/1.0	1,140 (+6%)	11mo	$20,000	$18	50
701 W 8th St	0.71mi	2/1.5 (-1)	1,196 (+11%)	10mo	$112,000	$94	34
713 N Wilson Ave	0.68mi	3/1.5	955 (-11%)	17mo	$16,000	$17	33

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.0%
• Equity multiple: 2.44×
• Total profit: $16,711
• Equity at exit: $6,188

10-year hold

• IRR: 40.9%
• Equity multiple: 4.87×
• Total profit: $45,024
• Equity at exit: $3,588

Cash invested: $11,620 (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 70548

• Home prices YoY: -32.8%
• Active inventory: 54
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,015 medium
• Mortgage (P&I): −$218
• Tax from tax record: −$49 /mo · $584/yr
• Insurance: −$17
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $366

Break-even live

Break-even rent $551

Max offer price $41,500

Occupancy floor 59%

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: $10,375
• Closing costs: $1,245
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $41,500 Active 124 DOM
2. 2026-06-17
   days on market $41,500 Active 123 DOM
3. 2026-06-16
   days on market $41,500 Active 122 DOM
4. 2026-06-15
   days on market $41,500 Active 121 DOM
5. 2026-06-14
   days on market $41,500 Active 119 DOM
6. 2026-06-13
   days on market $41,500 Active 118 DOM
7. 2026-06-10
   days on market $41,500 Active 116 DOM
8. 2026-06-09
   days on market $41,500 Active 115 DOM
9. 2026-06-08
   days on market $41,500 Active 114 DOM
10. 2026-06-07
    days on market $41,500 Active 113 DOM
11. 2026-06-03
    days on market $41,500 Active 109 DOM
12. 2026-06-02
    days on market $41,500 Active 108 DOM
13. 2026-06-01
    days on market $41,500 Active 107 DOM
14. 2026-05-31
    days on market $41,500 Active 106 DOM
15. 2026-05-30
    days on market $41,500 Active 105 DOM
16. 2026-02-14
    listed $41,500 Active 906-char remark

    Show marketing remark (906 chars)

    Cozy cottage with a lot of potential for first home or rental property. Located in Kaplan, LA lwith easy access to grocery stores, gas stations, eateries etc. Easy to maintain yard featuring a pecan tree and fig tree in back yard that are producing. Most of the interior of the home was home painted and new floors installed. No central a/c so I installed a new mini split unit. Brand new gas dryer will stay. Appliances you will need are gas stove, electric washer and refrigerator. I replaced all light switch and electrical outlets and plates throughout the home. Also, the water heater tank sat for a while and needs to be replaced. This is an As-Is Sale please text me with any questions or to schedule a walk through. I am available 7 days a week to do walk throughs. I will consider all reasonable offers and may make a further price adjustment if an all cash payment will be made. Text 337-357-8129

17. 2023-06-06
    listed $39,900 Active
18. 2021-07-19
    soldstatus $37,000
19. 2021-06-22
    listed $37,000

ⓘ 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: $584 · $49/mo
• Projected year-2 tax: $584 · $49/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 8/10 Severe FEMA zone AH · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $12,181
• − Mortgage interest: −$2,325
• − Property taxes: −$584
• − Insurance: −$2,032
• − Repairs & maintenance: −$974
• − Management: −$974
• − Depreciation: −$1,207
• Taxable income: $4,084
• Est. tax owed @ 24.0%: −$980
• After-tax cash flow: $3,415/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: Vermilion Parish
• NCES district ID: 2201800
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 53% ▼ -32.00%
• Median HH income: $45,115
• Composite: 39.37/100
• National rank: #3974
• State rank: #15 of 98 in LA

Livability — Kaplan

• Score: 63/100
• State rank: #192
• US rank: #15267

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kaplan, LA
• Population (ZIP): 9,077

Population outlook (Vermilion County) Hauer SSP2

• Today (2025): 64,095 people
• By 2030: 65,915 · +2.8%
• By 2040: 68,985 · +7.6%
• By 2050: 70,804 · +10.5%
• By 2075: 73,897 · +15.3%
• By 2100: 71,793 · +12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 3% Pacific Islander 3%
• Common ancestry: Lithuanian 18% Estonian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 90% English-only · French/Haitian/Cajun 8% Other Indo-European 1%

Political lean MEDSL · Vermilion

• 2024 margin: Solid R (+63.8) · D 17.6% · R 81.4% · Other 1.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -47.5pp · 2024: -63.8pp
• All cycles: 2024: R+63.8 2020: R+61.9 2016: R+59.6 2012: R+52.8 2008: R+47.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.08%
• Current HPI: 104.662
• 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

+12.2% since first listed

4 events — show timeline

• 2026-02-14 Listed $41,500 ForSaleByOwner.com
• 2023-06-06 Listed $39,900 AcadianaMLS
• 2021-07-19 Sold (MLS) $37,000 AcadianaMLS
• 2021-06-22 Listed $37,000 AcadianaMLS

Property tax history

+1.5%/yr

Latest (2025): $584 · -2.5% YoY. Source: county tax records.