318 Hwy 311 · Schriever, LA 70395

$69,900

4 bd · 2.0 ba · 2,384 sqft · Manufactured · 13 Days on market

Built 2015 0.65 ac lot $29/sqft · 53% below area

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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
• Schools +3.3/10.0
• 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

Spacious 4-bedroom, 2-bath home situated on approximately .65 acres in Schriever. Offering 2,384 living square feet, this property features generous room sizes, a jacuzzi tub in the primary bathroom, and a large covered RV-sized parking area located in the rear of the home. The primary bathroom renovation has already been started, offering a great opportunity for the next owner to complete and customize the space to their style and vision. The property provides plenty of outdoor space with endless possibilities for entertaining, storage, or recreational use. Home does need some tender loving care, including some floor repairs, making it an excellent opportunity for an investor or buyer looking to add personal touches and build equity. Conveniently located near major highways, shopping, and local amenities.

Key facts

• Jacuzzi tub
• 0.65 acre lot
• Built 2015

Tags

• JACUZZI TUB
• PRIMARY BATHROOM RENOVATION

Property features AI

Exterior

• Parking: Covered carport; Concrete parking surface
• Utilities: Public water; Public sewer
• Home design: Single-story manufactured home; Slab foundation
• Construction: Manufactured home construction; Slab foundation
• Exterior features: Covered patio/porch; No fencing; Has spa/hot tub

Interior

• Kitchen: Dishwasher
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Dishwasher; Ceiling fan(s)
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $70k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 16.2% vs local median 4.5% in Schriever — 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 (#201 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D-, amenities F, commute F.
• Terrebonne Parish (other): math 32% / reading 46% proficiency, ranked #23 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 38 active listings in the ZIP; 300 units permitted in Terrebonne Parish in 2024 (0 in 5+ unit buildings).

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.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,900

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.88% ✓
• Cap rate: 16.22%
• Cash-on-cash: 35.44%
• DSCR: 2.58
• GRM: 4.4

CMA / ARV

• ARV (median comp): $148,000
• List price: $69,900
• Delta: -52.77%
• 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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-1,409
• Equity at exit: $10,422

10-year hold

• IRR: 8.1%
• Equity multiple: 1.63×
• Total profit: $12,284
• 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 70395

• Home prices YoY: -22.1%
• Active inventory: 38
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,311 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$62 /mo · $745/yr
• Insurance: −$29
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $152

Break-even live

Break-even rent $1,119

Max offer price $69,900

Occupancy floor 83%

Sensitivity live

Price	-10% $191	-5% $171	+0% $152	+5% $132	+10% $112
Rent	-10% $48	-5% $100	+0% $152	+5% $203	+10% $255
Rate	-1.0pp $187	-0.5pp $169	base $152	+0.5pp $133	+1.0pp $115

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: —

Listing history 2 events

1. 2026-05-07
   listed $69,900 Active 818-char remark

   Show marketing remark (817 chars)

   Spacious 4-bedroom, 2-bath home situated on approximately .65 acres in Schriever. Offering 2,384 living square feet, this property features generous room sizes, a jacuzzi tub in the primary bathroom, and a large covered RV-sized parking area located in the rear of the home. The primary bathroom renovation has already been started, offering a great opportunity for the next owner to complete and customize the space to their style and vision. The property provides plenty of outdoor space with endless possibilities for entertaining, storage, or recreational use. Home does need some tender loving care, including some floor repairs, making it an excellent opportunity for an investor or buyer looking to add personal touches and build equity. Conveniently located near major highways, shopping, and local amenities.

2. 2026-05-07
   listed $69,900 Active 817-char remark

   Show marketing remark (817 chars)

   Spacious 4-bedroom, 2-bath home situated on approximately .65 acres in Schriever. Offering 2,384 living square feet, this property features generous room sizes, a jacuzzi tub in the primary bathroom, and a large covered RV-sized parking area located in the rear of the home. The primary bathroom renovation has already been started, offering a great opportunity for the next owner to complete and customize the space to their style and vision. The property provides plenty of outdoor space with endless possibilities for entertaining, storage, or recreational use. Home does need some tender loving care, including some floor repairs, making it an excellent opportunity for an investor or buyer looking to add personal touches and build equity. Conveniently located near major highways, shopping, and local amenities.

ⓘ 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: $745 · $62/mo
• Projected year-2 tax: $745 · $62/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 6/10 Major FEMA zone AE · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 21 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: $15,734
• − Mortgage interest: −$3,915
• − Property taxes: −$745
• − Insurance: −$5,468
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$2,033
• Taxable income: $1,055
• Est. tax owed @ 24.0%: −$253
• After-tax cash flow: $1,565/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: Terrebonne Parish
• NCES district ID: 2201740
• Math proficiency: 32% ▼ -36.00%
• Reading proficiency: 46% ▼ -30.00%
• Median HH income: $47,612
• Composite: 33.38/100
• National rank: #5480
• State rank: #23 of 98 in LA

Livability — Schriever

• Score: 63/100
• State rank: #201
• US rank: #15672

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schriever, LA
• Population (ZIP): 4,266

Population outlook (Terrebonne County) Hauer SSP2

• Today (2025): 118,724 people
• By 2030: 120,321 · +1.3%
• By 2040: 121,894 · +2.7%
• By 2050: 121,119 · +2.0%
• By 2075: 117,270 · -1.2%
• By 2100: 107,544 · -9.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 17% Two or more races 3% Native American 2%
• Common ancestry: Lithuanian 26% Slovak 3% Italian 2%
• Foreign-born: 0%
• Languages at home: 97% English-only · French/Haitian/Cajun 3%

Political lean MEDSL · Terrebonne

• 2024 margin: Solid R (+51.8) · D 23.5% · R 75.3% · Other 1.2%
• 2008→2024 swing: -11.0pp toward R · 2008: -40.9pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+50.0 2016: R+48.4 2012: R+41.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.31%
• Current HPI: 138.4812
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-21 Pending — AcadianaMLS
• 2026-05-21 Pending — GBRMLS
• 2026-05-07 Listed $69,900 GBRMLS
• 2026-05-07 Listed $69,900 AcadianaMLS

Property tax history

+24.0%/yr

Latest (2025): $745 · -5.2% YoY. Source: county tax records.