1505 N 32nd St · Baton Rouge, LA 70802

$100,000

4 bd · 2.0 ba · 1,230 sqft · SingleFamily · 133 Days on market

Built 1960 3,920 sqft lot $81/sqft · 31% above area Est $76k · 31% over

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Rent growth +4.1/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tenant occupied. No showings without an accepted contract. Tenant pays $1333 per month.

Key facts

• 3,920 sq ft lot
• 2 parking spots
• Built 1960

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 4.3% in Baton Rouge — 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 (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.6%/yr); 188 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 44% of the median local income ($34k/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 $691 of loan paydown is wiped out by about $3k 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 + 6.6% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 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 1960 — 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. 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: 1.28% ✓
• Cap rate: 11.28%
• Cash-on-cash: 17.82%
• DSCR: 1.79
• GRM: 6.5

CMA / ARV

• ARV (median comp): $76,134
• List price: $100,000
• Delta: 31.35%
• 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
1650 N 32nd St	0.09mi	3/2.0 (-1)	1,341 (+9%)	10mo	$90,000	$67	67
2711 Jackson Ave	0.39mi	3/2.0 (-1)	1,200 (-2%)	7mo	$79,000	$66	66
2908 Adams Ave	0.46mi	3/1.0 (-1)	1,232 (+0%)	9mo	$100,000	$81	62
3825 Fairfields Ave	0.49mi	3/1.0 (-1)	1,152 (-6%)	0mo	$125,000	$109	57
4366 Jefferson Ave	0.70mi	3/1.0 (-1)	1,200 (-2%)	2mo	$49,900	$42	53
2733 Jackson Ave	0.38mi	3/1.0 (-1)	1,151 (-6%)	13mo	$63,829	$55	51
2812 North St	0.63mi	3/2.0 (-1)	1,152 (-6%)	8mo	$140,000	$122	48
1934 N 37th St	0.36mi	3/1.0 (-1)	1,112 (-10%)	13mo	$149,900	$135	47
716 N 36th St	0.54mi	3/2.0 (-1)	1,100 (-11%)	8mo	$49,000	$45	46
2627 Edgewood Dr	0.54mi	3/2.0 (-1)	1,371 (+12%)	9mo	$160,000	$117	43
2526 Adams Ave	0.58mi	3/1.0 (-1)	1,124 (-9%)	13mo	$130,000	$116	39
3008 Seneca St	0.65mi	3/1.0 (-1)	1,350 (+10%)	9mo	$64,900	$48	37

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 · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 12.9%
• Equity multiple: 1.54×
• Total profit: $15,007
• Equity at exit: $14,910

10-year hold

• IRR: 24.3%
• Equity multiple: 3.43×
• Total profit: $68,093
• Equity at exit: $8,646

Cash invested: $28,000 (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 70802

• Rents YoY: 6.6%
• Active inventory: 188
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,276 high
• Mortgage (P&I): −$524
• Tax from tax record: −$26 /mo · $315/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $416

Break-even live

Break-even rent $750

Max offer price $100,000

Occupancy floor 62%

Sensitivity live

Price	-10% $472	-5% $444	+0% $416	+5% $387	+10% $359
Rent	-10% $315	-5% $365	+0% $416	+5% $466	+10% $517
Rate	-1.0pp $466	-0.5pp $441	base $416	+0.5pp $390	+1.0pp $363

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1404 N 29th St Baton Rouge, LA	3.0	2.0	1120	$1,100	$0.98	44d	1	0.14mi
1409 N 35th St Baton Rouge, LA	3.0	2.0	912	$750	$0.82	24d	1	0.15mi
1336 N 29th St Baton Rouge, LA	3.0	2.0	1400	$1,450	$1.04	15d	1	0.17mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	44d	1	0.27mi
3566 North St Baton Rouge, LA	4.0	2.0	1117	$1,050	$0.94	22d	1	0.63mi
1217 N 44th St Baton Rouge, LA	3.0	2.0	1028	$950	$0.92	24d	1	0.70mi
532 Live Oak Blvd Unit 532 Baton Rouge, LA	3.0	2.0	1000	$1,200	$1.20	24d	1	0.79mi
2730 Convention St Baton Rouge, LA	3.0	1.0	1000	$900	$0.90	24d	1	0.93mi
787 N 47th St Baton Rouge, LA	3.0	2.0	1000	$800	$0.80	24d	1	0.96mi
1847 N 16th St Baton Rouge, LA	3.0	2.0	909	$1,250	$1.38	15d	1	1.01mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,688	$1.30	15d	31	1.02mi
5212 Jackson Ave Baton Rouge, LA	4.0	2.0	1500	$1,650	$1.10	24d	1	1.25mi
303 S 21st St Baton Rouge, LA	3.0	1.0	1070	$825	$0.77	44d	1	1.27mi
330 Ingleside Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	773	$1,353	$1.75	15d	6	1.29mi
1346 Main St Unit A Baton Rouge, LA	3.0	2.0	1200	$1,600	$1.33	44d	1	1.31mi
422 Glenmore Ave Baton Rouge, LA	3.0	2.0	1307	$1,700	$1.30	24d	1	1.31mi
3567 Charles St Baton Rouge, LA	3.0	1.0	1400	$1,250	$0.89	44d	1	1.37mi

Listing history 26 events

1. 2026-06-18
   days on market $100,000 Active 133 DOM
2. 2026-06-17
   days on market $100,000 Active 132 DOM
3. 2026-06-16
   days on market $100,000 Active 131 DOM
4. 2026-06-15
   days on market $100,000 Active 130 DOM
5. 2026-06-14
   days on market $100,000 Active 128 DOM
6. 2026-06-10
   days on market $100,000 Active 125 DOM
7. 2026-06-09
   days on market $100,000 Active 124 DOM
8. 2026-06-08
   days on market $100,000 Active 123 DOM
9. 2026-06-07
   days on market $100,000 Active 122 DOM
10. 2026-06-05
    days on market $100,000 Active 119 DOM
11. 2026-06-03
    days on market $100,000 Active 118 DOM
12. 2026-06-02
    days on market $100,000 Active 117 DOM
13. 2026-06-01
    days on market $100,000 Active 116 DOM
14. 2026-05-31
    days on market $100,000 Active 115 DOM
15. 2026-05-31
    days on market $100,000 Active 114 DOM
16. 2026-02-23
    price $100,000 87-char remark

    Show marketing remark (87 chars)

    Tenant occupied. No showings without an accepted contract. Tenant pays $1333 per month.

17. 2026-02-23
    price $100,000 87-char remark

    Show marketing remark (87 chars)

    Tenant occupied. No showings without an accepted contract. Tenant pays $1333 per month.

18. 2026-02-05
    listed $98,000 Active 87-char remark

    Show marketing remark (87 chars)

    Tenant occupied. No showings without an accepted contract. Tenant pays $1333 per month.

19. 2026-02-05
    listed $98,000 Active 87-char remark

    Show marketing remark (87 chars)

    Tenant occupied. No showings without an accepted contract. Tenant pays $1333 per month.

20. 2021-11-03
    soldstatus Sold
21. 2021-10-22
    status Pending
22. 2021-08-17
    price $35,000
23. 2021-06-14
    listed $45,500 Active
24. 2021-06-14
    listed $35,000
25. 2004-05-31
    listed $59,000
26. 2004-05-31
    listed $59,000

ⓘ 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: $315 · $26/mo
• Projected year-2 tax: $550 · $46/mo
• Expected delta: +$235/yr (+$20/mo · 74.5%)

ⓘ 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 8/10 Severe 7 d/yr ≥108°F today · 19 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: $15,312
• − Mortgage interest: −$5,602
• − Property taxes: −$315
• − Insurance: −$500
• − Repairs & maintenance: −$1,225
• − Management: −$1,225
• − Depreciation: −$2,909
• Taxable income: $3,537
• Est. tax owed @ 24.0%: −$849
• After-tax cash flow: $4,140/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 25,118
• Household income: $34,458
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1831.0

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 Black (69%)
• Race & ethnicity: Black 69% White 20% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 2% Italian 1% Iranian 0%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 3% Tagalog/Filipino 1% Other Indo-European 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: ▼ -137.02%
• Current HPI: 47.7285
• Rent YoY: ▲ 6.59%
• 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

+69.5% since first listed

11 events — show timeline

• 2026-02-23 Price Changed $100,000 AcadianaMLS
• 2026-02-23 Price Changed $100,000 GBRMLS
• 2026-02-05 Listed $98,000 GBRMLS
• 2026-02-05 Listed $98,000 AcadianaMLS
• 2021-11-03 Sold (MLS) — GBRMLS
• 2021-10-22 Pending — GBRMLS
• 2021-08-17 Price Changed $35,000 GBRMLS
• 2021-06-14 Listed $35,000 AcadianaMLS
• 2021-06-14 Listed $45,500 GBRMLS
• 2004-05-31 Listed $59,000 AcadianaMLS
• 2004-05-31 Listed $59,000 GBRMLS

Property tax history

+32.1%/yr

Latest (2025): $315 · +4.7% YoY. Source: county tax records.