4429 39th St · Zachary, LA 70791

$224,900

5 bd · 2.0 ba · 2,194 sqft · Land · 11 Days on market

Built 1951 0.44 ac lot $103/sqft · 19% below area Est $279k · 19% under

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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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Schools +4.7/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

Key facts

• Wood floors
• Cozy brick fireplace
• Natural light

Tags

• WELCOMING FRONT PORCH
• COZY BRICK FIREPLACE
• BUILT IN BOOK CASE
• NATURAL LIGHT
• WOOD FLOORS
• LARGE UTILITY ROOM

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water service; Public sewer
• Home design: Single-family detached residence; Single-story
• Construction: Wood siding construction
• Exterior features: Lot roughly 0.44 acres with irregular dimensions (85 x 46 x 147 x 42 x 85 x 146); Public water; Public sewer; Subdivision: West End Addition

Interior

• Flooring: Tile; Wood; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace (1); Tile, wood, and vinyl flooring; Central heating and central air conditioning

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath land listed at $225k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Cap rate 8.4% vs local median 4.5% in Zachary — 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 69/100 on livability (#64 in LA) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: crime C-, amenities F, commute F.
• Zachary Community School District (suburban): math 46% / reading 60% proficiency, ranked #8 of 98 in LA (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 584 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 38% of the median local income ($78k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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.
• Current owner paid $150k; list at $225k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• 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 $224,900

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.10% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.67%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $278,855
• List price: $224,900
• Delta: -19.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.18% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-7,808
• Equity at exit: $33,533

10-year hold

• IRR: 7.7%
• Equity multiple: 1.62×
• Total profit: $38,851
• Equity at exit: $19,445

Cash invested: $62,972 (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 70791

• Home prices YoY: -21.6%
• Rents YoY: 4.2%
• Active inventory: 584
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,477 medium
• Mortgage (P&I): −$1,179
• Tax est. 1.5%: −$281 /mo · $3,374/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $402

Break-even live

Break-even rent $1,967

Max offer price $224,900

Occupancy floor 79%

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5388 Greenridge Ln Zachary, LA	4.0	2.0	2005	$2,150	$1.07	14d	1	1.12mi
5400 Greenridge Ln Zachary, LA	4.0	2.0	2005	$2,349	$1.17	14d	1	1.15mi

Listing history 9 events

1. 2026-05-13
   status Active 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

2. 2026-05-13
   status Active 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

3. 2026-05-08
   historical $2,175
4. 2026-05-06
   status Pending 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

5. 2026-05-06
   status Pending 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

6. 2026-05-04
   listed $224,900 Active 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

7. 2026-05-04
   listed $224,900 Active 1097-char remark

   Show marketing remark (1097 chars)

   Located in the heart of Zachary, this charming home sits on a spacious lot with inviting curb appeal and plenty of opportunity to make it your own while still having a home filled with timeless character. A welcoming front porch and freshly repainted exterior create a great first impression. Inside, the layout offers an easy flow between the main living spaces. The kitchen provides ample space and is ready for your personal touch, while the formal dining area connects seamlessly to the living room which offers a cozy brick fireplace, built in book case, natural light, and wood floors giving the space a bright yet comfortable feel. All bedrooms are well-sized, and the bathrooms include updated fixtures. A large utility room adds additional storage and everyday functionality. Outside, the large side yard offers a great space to enjoy outdoor activities, and the separate workshop provides flexibility for hobbies, storage, or projects. With a central location to everything in Zachary, character throughout, and incredible potential, this home is a great opportunity to make it your own.

8. 2026-04-29
   listed $2,175
9. 2026-04-06
   soldstatus $149,900

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

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 · 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,720
• − Mortgage interest: −$12,598
• − Property taxes: −$3,374
• − Insurance: −$1,124
• − Repairs & maintenance: −$2,378
• − Management: −$2,378
• − Depreciation: −$6,543
• Taxable income: $1,326
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $4,509/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: Zachary Community School District
• NCES district ID: 2200039
• Math proficiency: 46% ▼ -38.00%
• Reading proficiency: 60% ▼ -28.00%
• Median HH income: $68,531
• Composite: 46.99/100
• National rank: #2349
• State rank: #8 of 98 in LA

Livability — Zachary

• Score: 69/100
• State rank: #64
• US rank: #8274

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zachary, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 30,385
• Metro: Baton Rouge, LA
• Population (ZIP): 30,385
• Household income: $78,263
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 718.0

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: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 53% Black 41% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 6% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% German/W. Germanic 1% 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: ▼ -47.01%
• Current HPI: 170.2143
• Rent YoY: ▲ 4.18%
• 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

-98.5% since first listed

11 events — show timeline

• 2026-05-22 Pending — AcadianaMLS
• 2026-05-22 Pending — GBRMLS
• 2026-05-13 Relisted — AcadianaMLS
• 2026-05-13 Relisted — GBRMLS
• 2026-05-08 Rental Removed $2,175 TENANTTURNER2
• 2026-05-06 Pending — AcadianaMLS
• 2026-05-06 Pending — GBRMLS
• 2026-05-04 Listed $224,900 GBRMLS
• 2026-05-04 Listed $224,900 AcadianaMLS
• 2026-04-29 Listed for Rent $2,175 TENANTTURNER2
• 2026-04-06 Sold (Public Records) $149,900 Public Records

Property tax history

+13.8%/yr

Latest (2025): $61 · -2.8% YoY. Source: county tax records.