9477 Lansdowne Rd · Central, LA 70818

$74,900

3 bd · 2.0 ba · 1,140 sqft · SingleFamily · 267 Days on market

Built 2025 Good condition $66/sqft · 58% 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 +4.6/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brand New Mobile Homes located in Central City School District and available for immediate move-in. Quiet neighborhood with security cameras throughout. Paved streets and driveways. On-site management for immediate attention to needs and concerns. $425/mo lot rent. 6 homes are available as of 2/18/2026

Key facts

• Security cameras
• Quiet neighborhood
• On-site management

Tags

• CENTRAL CITY SCHOOL DISTRICT
• QUIET NEIGHBORHOOD
• SECURITY CAMERAS
• PAVED STREETS
• ON-SITE MANAGEMENT

🏷️ Possibly a rental listed for sale. The $74,900 price doesn't fit this home's estimated sale value (~$178,267) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $976 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.9% vs local median 3.3% in Central — 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 74/100 on livability (#25 in LA, #4,761 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• Central Community School District (suburban): math 50% / reading 54% proficiency, ranked #9 of 98 in LA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 128 active listings in the ZIP; solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 267 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 31 sale attempts since 3y ago; this cycle's ask is 5662% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 267 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 A-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. 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: 2.52% ✓
• Cap rate: 21.94%
• Cash-on-cash: 55.87%
• DSCR: 3.49
• GRM: 3.3

CMA / ARV

• ARV (median comp): $178,267
• List price: $74,900
• Delta: -57.98%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 54.2%
• Equity multiple: 3.39×
• Total profit: $50,081
• Equity at exit: $11,168

10-year hold

• IRR: 59.3%
• Equity multiple: 6.90×
• Total profit: $123,804
• Equity at exit: $6,476

Cash invested: $20,972 (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 70818

• Active inventory: 128
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,891 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $976

Break-even live

Break-even rent $655

Max offer price $74,900

Occupancy floor 43%

Sensitivity live

Price	-10% $1,028	-5% $1,002	+0% $976	+5% $951	+10% $925
Rent	-10% $827	-5% $902	+0% $976	+5% $1,051	+10% $1,126
Rate	-1.0pp $1,014	-0.5pp $995	base $976	+0.5pp $957	+1.0pp $937

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-18
   days on market $74,900 Active 267 DOM
2. 2026-06-17
   days on market $74,900 Active 266 DOM
3. 2026-06-16
   days on market $74,900 Active 265 DOM
4. 2026-06-15
   days on market $74,900 Active 264 DOM
5. 2026-06-14
   days on market $74,900 Active 262 DOM
6. 2026-06-10
   days on market $74,900 Active 259 DOM
7. 2026-06-09
   days on market $74,900 Active 258 DOM
8. 2026-06-08
   days on market $74,900 Active 257 DOM
9. 2026-06-07
   days on market $74,900 Active 256 DOM
10. 2026-06-05
    days on market $74,900 Active 253 DOM
11. 2026-06-03
    days on market $74,900 Active 252 DOM
12. 2026-06-02
    days on market $74,900 Active 251 DOM
13. 2026-06-01
    days on market $74,900 Active 250 DOM
14. 2026-05-31
    days on market $74,900 Active 249 DOM
15. 2026-05-31
    days on market $74,900 Active 248 DOM
16. 2026-05-13
    listed $1,300
17. 2026-01-17
    historical $1,250
18. 2026-01-15
    listed $1,250
19. 2025-12-05
    historical $1,250
20. 2025-11-23
    price $1,250
21. 2025-10-30
    listed $1,300
22. 2025-09-23
    listed $74,900 Active 303-char remark

    Show marketing remark (303 chars)

    Brand New Mobile Homes located in Central City School District and available for immediate move-in. Quiet neighborhood with security cameras throughout. Paved streets and driveways. On-site management for immediate attention to needs and concerns. $425/mo lot rent. 6 homes are available as of 2/18/2026

23. 2025-09-23
    listed $74,900 Active 303-char remark

    Show marketing remark (303 chars)

    Brand New Mobile Homes located in Central City School District and available for immediate move-in. Quiet neighborhood with security cameras throughout. Paved streets and driveways. On-site management for immediate attention to needs and concerns. $425/mo lot rent. 6 homes are available as of 2/18/2026

24. 2025-09-11
    historical $1,300
25. 2025-08-19
    listed $1,300
26. 2025-08-12
    historical $1,200
27. 2025-05-24
    listed $1,250
28. 2025-05-05
    historical $1,250
29. 2025-04-19
    price $1,250
30. 2025-04-17
    listed $1,250
31. 2025-04-17
    historical $1,250
32. 2025-04-04
    listed $1,250
33. 2025-03-02
    historical $1,200
34. 2025-02-11
    listed $1,200
35. 2025-01-17
    historical $1,211
36. 2025-01-11
    listed $1,211
37. 2024-12-21
    historical $1,211
38. 2024-11-27
    listed $1,211
39. 2024-11-25
    historical $1,250
40. 2024-11-21
    price $1,250
41. 2024-11-18
    listed $1,200
42. 2024-11-17
    historical $1,200
43. 2024-10-22
    historical $1,200
44. 2024-10-22
    listed $1,200
45. 2024-10-22
    listed $1,250
46. 2024-10-22
    historical $1,200
47. 2024-09-22
    listed $1,200
48. 2024-09-22
    historical $1,200
49. 2024-07-26
    listed $1,200
50. 2024-07-26
    historical $1,300

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,694
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$1,816
• − Management: −$1,816
• − Depreciation: −$2,179
• Taxable income: $11,191
• Est. tax owed @ 24.0%: −$2,686
• After-tax cash flow: $9,031/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.

Condition & rehab AI · 10 photos

Good 80/100 None rehab

This mobile home is in excellent condition with no visible repairs needed. It is move-in ready and offers a good investment opportunity.

Value-add opportunities

• Both Landscaping — Aesthetic improvements can enhance curb appeal and property value
• Both Painting — Fresh paint can make the interior look more inviting and modern

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping — Aesthetic improvements can enhance curb appeal and property value ↑
• Both Painting — Fresh paint can make the interior look more inviting and modern ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Central Community School District
• NCES district ID: 2200125
• Math proficiency: 50% ▼ -32.00%
• Reading proficiency: 54% ▼ -31.00%
• Median HH income: $66,584
• Composite: 46.02/100
• National rank: #2528
• State rank: #9 of 98 in LA

Livability — Central

• Score: 74/100
• State rank: #25
• US rank: #4761

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Central, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 10,403
• Metro: Baton Rouge, LA
• Population (ZIP): 9,370
• Household income: $78,432
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 408.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 21% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 8% Italian 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.34%
• Current HPI: 169.9642
• Rent YoY: —
• Metro: Baton Rouge, 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

+18.2% since first listed

63 events — show timeline

• 2026-05-13 Listed for Rent $1,300 TURBOTENANT
• 2026-01-17 Rental Removed $1,250 TURBOTENANT
• 2026-01-15 Listed for Rent $1,250 TURBOTENANT
• 2025-12-05 Rental Removed $1,250 TURBOTENANT
• 2025-11-23 Price Changed $1,250 TURBOTENANT
• 2025-10-30 Listed for Rent $1,300 TURBOTENANT
• 2025-09-23 Listed $74,900 AcadianaMLS
• 2025-09-23 Listed $74,900 GSREIN
• 2025-09-11 Rental Removed $1,300 TURBOTENANT
• 2025-08-19 Listed for Rent $1,300 TURBOTENANT
• 2025-08-12 Rental Removed $1,200 TURBOTENANT
• 2025-05-24 Listed for Rent $1,250 TURBOTENANT
• 2025-05-05 Rental Removed $1,250 TURBOTENANT
• 2025-04-19 Price Changed $1,250 TURBOTENANT
• 2025-04-17 Listed for Rent $1,250 TURBOTENANT
• 2025-04-17 Rental Removed $1,250 TURBOTENANT
• 2025-04-04 Listed for Rent $1,250 TURBOTENANT
• 2025-03-02 Rental Removed $1,200 TURBOTENANT
• 2025-02-11 Listed for Rent $1,200 TURBOTENANT
• 2025-01-17 Rental Removed $1,211 TURBOTENANT
• 2025-01-11 Listed for Rent $1,211 TURBOTENANT
• 2024-12-21 Rental Removed $1,211 TURBOTENANT
• 2024-11-27 Listed for Rent $1,211 TURBOTENANT
• 2024-11-25 Rental Removed $1,250 TURBOTENANT
• 2024-11-21 Price Changed $1,250 TURBOTENANT
• 2024-11-18 Listed for Rent $1,200 TURBOTENANT
• 2024-11-17 Rental Removed $1,200 TURBOTENANT
• 2024-10-22 Rental Removed $1,200 TURBOTENANT
• 2024-10-22 Listed for Rent $1,200 TURBOTENANT
• 2024-10-22 Listed for Rent $1,250 TURBOTENANT
• 2024-10-22 Rental Removed $1,200 TURBOTENANT
• 2024-09-22 Listed for Rent $1,200 TURBOTENANT
• 2024-09-22 Rental Removed $1,200 TURBOTENANT
• 2024-07-26 Listed for Rent $1,200 TURBOTENANT
• 2024-07-26 Rental Removed $1,300 TURBOTENANT
• 2024-07-23 Listed for Rent $1,300 TURBOTENANT
• 2024-07-19 Rental Removed $1,300 TURBOTENANT
• 2024-07-19 Rental Removed $1,300 TURBOTENANT
• 2024-07-18 Listed for Rent $1,300 TURBOTENANT
• 2024-06-30 Listed for Rent $1,200 TURBOTENANT
• 2024-06-30 Rental Removed $1,200 TURBOTENANT
• 2024-06-21 Listed for Rent $1,200 TURBOTENANT
• 2024-06-21 Rental Removed $1,250 TURBOTENANT
• 2024-06-12 Listed for Rent $1,250 TURBOTENANT
• 2024-06-12 Rental Removed $1,250 TURBOTENANT
• 2024-06-12 Rental Removed $1,250 TURBOTENANT
• 2024-06-05 Listed for Rent $1,250 TURBOTENANT
• 2024-04-24 Listed for Rent $1,200 TURBOTENANT
• 2024-02-24 Rental Removed $1,100 TURBOTENANT
• 2024-02-07 Listed for Rent $1,100 TURBOTENANT
• 2024-01-28 Rental Removed $1,100 TURBOTENANT
• 2023-12-08 Listed for Rent $1,100 TURBOTENANT
• 2023-11-20 Rental Removed $1,100 TURBOTENANT
• 2023-10-20 Listed for Rent $1,100 TURBOTENANT
• 2023-10-14 Rental Removed $1,100 TURBOTENANT
• 2023-09-24 Listed for Rent $1,100 TURBOTENANT
• 2023-08-24 Rental Removed $1,100 TURBOTENANT
• 2023-08-17 Listed for Rent $1,100 TURBOTENANT
• 2023-08-13 Rental Removed $1,100 TURBOTENANT
• 2023-08-10 Listed for Rent $1,100 TURBOTENANT
• 2023-08-03 Rental Removed $1,100 TURBOTENANT
• 2023-08-02 Listed for Rent $1,100 TURBOTENANT
• 2022-11-18 Rental Removed — TURBOTENANT