6617 Burke St · Shreveport, LA 71108

$69,900

3 bd · 1.0 ba · 1,039 sqft · SingleFamily public records · 1052 Days on market

Built 1949 7,971 sqft lot $67/sqft · 12% above area Est $63k · 12% over

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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 +29.5/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Rent growth +3.1/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +2.3/15.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in this three bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option.

Key facts

• 7,971 sq ft lot
• Parking
• Built 1949

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($892 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 5.7% in Shreveport — 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 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 138 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($32k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $20k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 1052 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 68% 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 $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 1052 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
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: 1.28% ✓
• Cap rate: 10.60%
• Cash-on-cash: 15.37%
• DSCR: 1.68
• GRM: 6.5

CMA / ARV

• ARV (median comp): $62,648
• List price: $69,900
• Delta: 11.58%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6610 W Canal Blvd	0.14mi	3/1.0	1,121 (+8%)	18mo	$22,000	$20	65
6507 Canal Blvd	0.31mi	2/1.0 (-1)	1,027 (-1%)	18mo	$25,250	$25	64
2729 Marquette St	0.44mi	2/1.0 (-1)	1,000 (-4%)	9mo	$58,000	$58	61
7141 Janey St	0.62mi	3/1.0	1,050 (+1%)	11mo	$70,000	$67	60
3250 Wagner St	0.61mi	2/1.0 (-1)	1,044 (+0%)	8mo	$29,500	$28	59
2910 Meadow Ave	0.48mi	3/1.0	931 (-10%)	3mo	$45,000	$48	58
3012 Ivy Ln	0.64mi	3/1.0	983 (-5%)	6mo	$125,000	$127	56
2742 Lakehurst Ave	0.65mi	3/1.0	1,034 (-0%)	16mo	$79,900	$77	55
6312 Canal Blvd	0.39mi	2/1.0 (-1)	1,126 (+8%)	10mo	$92,500	$82	55
2905 Grassmere St	0.32mi	3/1.0	912 (-12%)	17mo	$48,900	$54	51
7119 Elsie St	0.50mi	2/2.0 (-1)	1,188 (+14%)	16mo	$32,000	$27	30
3430 Woodhaven Ln	0.70mi	4/2.0 (+1)	1,136 (+9%)	18mo	$169,900	$150	28

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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.21×
• Total profit: $4,071
• Equity at exit: $10,422

10-year hold

• IRR: 14.3%
• Equity multiple: 2.11×
• Total profit: $21,807
• Equity at exit: $6,044

Cash invested: $19,572 (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 71108

• Rents YoY: 2.4%
• Active inventory: 138
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $892 high
• Mortgage (P&I): −$367
• Tax from tax record: −$59 /mo · $703/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $251

Break-even live

Break-even rent $575

Max offer price $69,900

Occupancy floor 67%

Sensitivity live

Price	-10% $290	-5% $270	+0% $251	+5% $231	+10% $211
Rent	-10% $180	-5% $215	+0% $251	+5% $286	+10% $321
Rate	-1.0pp $286	-0.5pp $268	base $251	+0.5pp $233	+1.0pp $214

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3051 Amherst St Shreveport, LA	3.0	1.0	994	$595	$0.60	44d	1	0.11mi
2943 Hillcrest Ave Shreveport, LA	4.0	2.0	960	$1,000	$1.04	22d	1	0.37mi
2762 Marquette St Shreveport, LA	3.0	1.0	1054	$1,000	$0.95	22d	1	0.37mi
2721 Sunnybrook St Shreveport, LA	3.0	1.0	913	$1,000	$1.10	44d	1	0.48mi
3437 Red Bud Ln Shreveport, LA	3.0	1.5	1393	$1,200	$0.86	22d	1	0.64mi
3306 Valley View Dr Shreveport, LA	3.0	1.0	1300	$1,150	$0.88	22d	1	0.69mi
7504 W Canal Blvd Shreveport, LA	3.0	1.0	1388	$1,150	$0.83	44d	1	0.76mi
3530 Pleasant Dr Shreveport, LA	2.0	1.0	750	$725	$0.97	22d	1	1.02mi
2641 Valley Ridge Rd Shreveport, LA	3.0	1.0	1045	$725	$0.69	22d	1	1.10mi
749 W 68th St Shreveport, LA	3.0	1.0	1232	$800	$0.65	44d	1	1.11mi
7137 Burlingame Blvd Shreveport, LA	3.0	1.5	1100	$700	$0.64	44d	1	1.11mi
2644 Valley Ridge Rd Shreveport, LA	4.0	1.0	1023	$1,100	$1.08	44d	1	1.12mi
7224 Union Ave Shreveport, LA	2.0	1.0	735	$625	$0.85	14d	1	1.16mi
5306 Prentiss Ave Shreveport, LA	3.0	1.0	957	$975	$1.02	44d	1	1.18mi
622 W 75th St Shreveport, LA	2.0	1.0	833	$800	$0.96	22d	1	1.41mi
702 Bringhurst Dr Shreveport, LA	3.0	1.5	1206	$1,100	$0.91	44d	1	1.41mi
5218 Fairfax Ave Shreveport, LA	2.0	1.0	971	$825	$0.85	22d	1	1.43mi
7913 Woodfield Dr Shreveport, LA	3.0	1.0	1067	$1,000	$0.94	44d	1	1.45mi
513 Sassafras Ave Shreveport, LA	3.0	1.0	960	$870	$0.91	22d	1	1.45mi

Listing history 22 events

1. 2026-06-21
   days on market $69,900 Active 1052 DOM
2. 2026-06-18
   days on market $69,900 Active 1049 DOM
3. 2026-06-17
   days on market $69,900 Active 1048 DOM
4. 2026-06-16
   days on market $69,900 Active 1047 DOM
5. 2026-06-15
   days on market $69,900 Active 1046 DOM
6. 2026-06-14
   days on market $69,900 Active 1044 DOM
7. 2026-06-13
   days on market $69,900 Active 1043 DOM
8. 2026-06-10
   days on market $69,900 Active 1041 DOM
9. 2026-06-09
   days on market $69,900 Active 1040 DOM
10. 2026-06-08
    days on market $69,900 Active 1039 DOM
11. 2026-06-07
    days on market $69,900 Active 1038 DOM
12. 2026-06-05
    days on market $69,900 Active 1035 DOM
13. 2026-06-03
    days on market $69,900 Active 1034 DOM
14. 2026-06-02
    days on market $69,900 Active 1033 DOM
15. 2026-06-01
    days on market $69,900 Active 1032 DOM
16. 2026-05-31
    days on market $69,900 Active 1031 DOM
17. 2026-05-30
    days on market $69,900 Active 1030 DOM
18. 2023-08-04
    listed $69,900 Active
19. 2023-02-17
    soldstatus Closed 245-char remark

    Show marketing remark (245 chars)

    Opportunity awaits in this three bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option.

20. 2023-02-03
    status Pending 245-char remark

    Show marketing remark (245 chars)

    Opportunity awaits in this three bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option.

21. 2023-01-25
    listed $15,900 Active 245-char remark

    Show marketing remark (245 chars)

    Opportunity awaits in this three bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option.

22. 1997-01-21
    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: $703 · $59/mo
• Projected year-2 tax: $703 · $59/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $10,708
• − Mortgage interest: −$3,915
• − Property taxes: −$703
• − Insurance: −$350
• − Repairs & maintenance: −$857
• − Management: −$857
• − Depreciation: −$2,033
• Taxable income: $1,993
• Est. tax owed @ 24.0%: −$478
• After-tax cash flow: $2,529/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 18,072
• Household income: $32,055
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 1526.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% White 11% Hispanic / Latino 4% Two or more races 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.98%
• Current HPI: 58.1377
• Rent YoY: ▲ 2.37%
• Metro: Shreveport-Bossier City, 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

+339.6% since first listed

5 events — show timeline

• 2023-08-04 Listed $69,900 NTREIS
• 2023-02-17 Sold (MLS) — NTREIS
• 2023-02-03 Pending — NTREIS
• 2023-01-25 Listed $15,900 NTREIS
• 1997-01-21 Sold (Public Records) — Public Records

Property tax history

+13.4%/yr

Latest (2025): $703 · +0.4% YoY. Source: county tax records.