719 Wagon Trail Rd · Cankton, LA 70520

$120,000

4 bd · 2.0 ba · 1,192 sqft · Other public records · 320 Days on market

Built 1982 1.20 ac lot $101/sqft · 8% below area Est $140k · 14% under ↓ 16% 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
• ARV discount +14.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Schools +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you are searching for a home with a large back yard, check this one out! Located on Wagon Trail Road in Carencro. Inside you will find 4 bedrooms, two full bathrooms, and a welcoming space to live. Appliances stay (including washer & dryer) making this one move in ready! There's a large front porch for you to enjoy the outdoors along with a patio on the back of the home too! you will also find a storage building/outdoor kitchen awaiting your vision in the backyard. Additional shed(s) on property as well. Schedule your showing today!

Key facts

• Front porch
• Storage building
• Large back yard

Tags

• LARGE BACK YARD
• FRONT PORCH
• PATIO
• STORAGE BUILDING
• OUTDOOR KITCHEN
• ADDITIONAL SHED

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#251 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: employment D, crime F, amenities F.
• Lafayette Parish (urban): math 38% / reading 46% proficiency, ranked #19 of 98 in LA (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 280 active listings in the ZIP; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lafayette County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 320 days — a 12% lower offer ($106k) 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,600 (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 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?
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: 1.39% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.86%
• DSCR: 1.97
• GRM: 6.0

CMA / ARV

• ARV (median comp): $140,127
• List price: $120,000
• Delta: -14.36%
• 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: 14.5%
• Equity multiple: 1.58×
• Total profit: $19,496
• Equity at exit: $17,892

10-year hold

• IRR: 23.2%
• Equity multiple: 2.99×
• Total profit: $66,984
• Equity at exit: $10,375

Cash invested: $33,600 (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 70520

• Home prices YoY: -17.6%
• Active inventory: 280
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,672 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$30 /mo · $355/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $612

Break-even live

Break-even rent $897

Max offer price $120,000

Occupancy floor 58%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-09
   status $120,000 Pending 320 DOM
2. 2026-06-08
   days on market $120,000 Active 320 DOM
3. 2026-06-07
   days on market $120,000 Active 319 DOM
4. 2026-06-05
   days on market $120,000 Active 316 DOM
5. 2026-06-03
   days on market $120,000 Active 315 DOM
6. 2026-06-02
   days on market $120,000 Active 314 DOM
7. 2026-06-01
   days on market $120,000 Active 313 DOM
8. 2026-05-31
   days on market $120,000 Active 312 DOM
9. 2026-05-30
   days on market $120,000 Active 311 DOM
10. 2026-03-11
    price $120,000 545-char remark

    Show marketing remark (545 chars)

    If you are searching for a home with a large back yard, check this one out! Located on Wagon Trail Road in Carencro. Inside you will find 4 bedrooms, two full bathrooms, and a welcoming space to live. Appliances stay (including washer & dryer) making this one move in ready! There's a large front porch for you to enjoy the outdoors along with a patio on the back of the home too! you will also find a storage building/outdoor kitchen awaiting your vision in the backyard. Additional shed(s) on property as well. Schedule your showing today!

11. 2025-10-06
    price $135,000 545-char remark

    Show marketing remark (545 chars)

    If you are searching for a home with a large back yard, check this one out! Located on Wagon Trail Road in Carencro. Inside you will find 4 bedrooms, two full bathrooms, and a welcoming space to live. Appliances stay (including washer & dryer) making this one move in ready! There's a large front porch for you to enjoy the outdoors along with a patio on the back of the home too! you will also find a storage building/outdoor kitchen awaiting your vision in the backyard. Additional shed(s) on property as well. Schedule your showing today!

12. 2025-07-23
    listed $142,500 Active 545-char remark

    Show marketing remark (545 chars)

    If you are searching for a home with a large back yard, check this one out! Located on Wagon Trail Road in Carencro. Inside you will find 4 bedrooms, two full bathrooms, and a welcoming space to live. Appliances stay (including washer & dryer) making this one move in ready! There's a large front porch for you to enjoy the outdoors along with a patio on the back of the home too! you will also find a storage building/outdoor kitchen awaiting your vision in the backyard. Additional shed(s) on property as well. Schedule your showing today!

ⓘ 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: $355 · $30/mo
• Projected year-2 tax: $660 · $55/mo
• Expected delta: +$305/yr (+$25/mo · 86.1%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 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: $20,066
• − Mortgage interest: −$6,722
• − Property taxes: −$355
• − Insurance: −$600
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$3,491
• Taxable income: $5,688
• Est. tax owed @ 24.0%: −$1,365
• After-tax cash flow: $5,981/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: Lafayette Parish
• NCES district ID: 2200870
• Math proficiency: 38% ▼ -32.00%
• Reading proficiency: 46% ▼ -24.00%
• Median HH income: $50,238
• Composite: 36.15/100
• National rank: #4741
• State rank: #19 of 98 in LA

Livability — Cankton

• Score: 60/100
• State rank: #251
• US rank: #18822

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 20,134
• Population (ZIP): 20,134

Population outlook (Lafayette County) Hauer SSP2

• Today (2025): 280,930 people
• By 2030: 301,092 · +7.2%
• By 2040: 339,456 · +20.8%
• By 2050: 375,156 · +33.5%
• By 2075: 451,672 · +60.8%
• By 2100: 497,203 · +77.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 58% Black 32% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 13% Scotch-Irish 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 5% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Lafayette

• 2024 margin: Solid R (+31.4) · D 33.5% · R 64.8% · Other 1.7%
• 2008→2024 swing: -0.1pp no change · 2008: -31.3pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+28.7 2016: R+33.6 2012: R+33.7 2008: R+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -33.62%
• Current HPI: 157.0194
• 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

-15.8% since first listed

3 events — show timeline

• 2026-03-11 Price Changed $120,000 AcadianaMLS
• 2025-10-06 Price Changed $135,000 AcadianaMLS
• 2025-07-23 Listed $142,500 AcadianaMLS

Property tax history

+0.2%/yr

Latest (2025): $355 · -1.3% YoY. Source: county tax records.