405 Sheridan Ave · Monroe, LA 71201

$134,000

3 bd · 1.0 ba · 1,180 sqft · SingleFamily public records · 254 Days on market

Built 1956

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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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

Key facts

• Move-in ready home
• Garage
• Built 1956

Tags

• CONVENIENT MONROE LOCATION
• MOVE-IN READY HOME
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING
• EASY ACCESS TO SCHOOLS

Property features AI

Finance

• Other: Zoning: Residential
• HOA & community: No association amenities

Exterior

• Parking: Attached or detached garage with 1 garage space
• Utilities: Public water; Public sewer; Natural gas not available
• Home design: Single-family residence (site-built); One story; Entry level: 1
• Construction: Brick veneer and asbestos construction materials; Asphalt roof; Slab foundation
• Exterior features: Chain link fencing; Cleared lot

Interior

• Kitchen: Refrigerator; Gas range
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s) for cooling
• Interior features: Ceiling fans; Blinds
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $118k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.7% in Monroe — 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 66/100 on livability (#128 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: crime F, amenities F, commute F.
• City Of Monroe School District (urban): math 21% / reading 31% proficiency, ranked #60 of 98 in LA (top 61%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 142 active listings in the ZIP; 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 254 days — a 12% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 4y ago; this cycle's ask is 9826% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $78k; list at $134k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 77% 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 $117,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 254 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 1956 — 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: 1.04% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $56,640
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
303 Columbia Ave	0.49mi	3/1.5	1,202 (+2%)	2mo	$36,000	$30	71
303 N Mcguire Ave	0.22mi	3/2.0	1,100 (-7%)	6mo	$120,000	$109	69
304 Bell Ave	0.51mi	3/1.0	1,263 (+7%)	4mo	$60,000	$48	61
502 Darbonne St	0.72mi	3/1.0	1,150 (-2%)	16mo	$97,000	$84	49
320 Bell Ave	0.58mi	3/2.0	1,242 (+5%)	17mo	$58,000	$47	46

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-4,915
• Equity at exit: $19,980

10-year hold

• IRR: 6.2%
• Equity multiple: 1.46×
• Total profit: $17,254
• Equity at exit: $11,586

Cash invested: $37,520 (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 71201

• Home prices YoY: -31.9%
• Active inventory: 142
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,391 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$76 /mo · $912/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $264

Break-even live

Break-even rent $1,056

Max offer price $134,000

Occupancy floor 76%

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-19
   days on market $134,000 Active 254 DOM
2. 2026-06-18
   days on market $134,000 Active 253 DOM
3. 2026-06-17
   days on market $134,000 Active 252 DOM
4. 2026-06-16
   days on market $134,000 Active 251 DOM
5. 2026-06-15
   days on market $134,000 Active 250 DOM
6. 2026-06-14
   days on market $134,000 Active 248 DOM
7. 2026-06-13
   days on market $134,000 Active 247 DOM
8. 2026-06-10
   days on market $134,000 Active 245 DOM
9. 2026-06-09
   days on market $134,000 Active 244 DOM
10. 2026-06-08
    days on market $134,000 Active 243 DOM
11. 2026-06-07
    days on market $134,000 Active 242 DOM
12. 2026-06-05
    days on market $134,000 Active 239 DOM
13. 2026-06-02
    days on market $134,000 Active 237 DOM
14. 2026-06-01
    days on market $134,000 Active 236 DOM
15. 2026-05-31
    days on market $134,000 Active 235 DOM
16. 2026-05-30
    days on market $134,000 Active 234 DOM
17. 2026-03-04
    historical $1,350
18. 2026-02-01
    listed $1,350
19. 2026-01-23
    historical $1,350
20. 2025-12-19
    listed $1,350
21. 2025-10-31
    price $134,000
22. 2025-10-09
    listed $135,000 Active
23. 2023-11-24
    historical $1,350
24. 2023-10-21
    listed $1,350
25. 2023-08-29
    historical $1,350
26. 2023-08-17
    listed $1,350
27. 2023-08-13
    historical $1,350
28. 2023-07-31
    listed $1,350
29. 2022-08-23
    soldstatus Closed 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

30. 2022-08-23
    soldstatus $78,000

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

31. 2022-07-27
    status Pending 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

32. 2022-07-20
    status Active 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

33. 2022-07-18
    status Pending 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

34. 2022-07-07
    price $89,900 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

35. 2022-04-07
    listed $95,000 Active 226-char remark

    Show marketing remark (226 chars)

    This is a great 3 bedroom/ 1 bath home located in Monroe! The home features a great floor plan, tile flooring, large kitchen with plenty of cabinet space, and a spacious fenced backyard! Come see this one before it's too late!

36. 2020-10-30
    soldstatus $62,000

ⓘ 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: $912 · $76/mo
• Projected year-2 tax: $912 · $76/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 4/10 Moderate FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥112°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 77% 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: $16,691
• − Mortgage interest: −$7,506
• − Property taxes: −$912
• − Insurance: −$670
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,898
• Taxable income: $1,035
• Est. tax owed @ 24.0%: −$248
• After-tax cash flow: $2,923/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: City Of Monroe School District
• NCES district ID: 2201080
• Math proficiency: 21% ▼ -36.00%
• Reading proficiency: 31% ▼ -34.00%
• Median HH income: $28,751
• Composite: 20.82/100
• National rank: #8505
• State rank: #60 of 98 in LA

Livability — Monroe

• Score: 66/100
• State rank: #128
• US rank: #11948

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Monroe, LA
• County: Ouachita Parish · 118,340 people
• City population: 60,136
• Metro: Monroe, LA
• Population (ZIP): 21,782
• Household income: $65,446
• Rent vs Own: 44.2% rent · 55.8% own
• Severe rent burden: 1466.0

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 57% Black 35% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 1%
• Foreign-born: 3% · Vietnam
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -92.35%
• Current HPI: 196.7468
• Rent YoY: —
• Metro: Monroe, 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

-97.8% since first listed

20 events — show timeline

• 2026-03-04 Rental Removed $1,350 TURBOTENANT
• 2026-02-01 Listed for Rent $1,350 TURBOTENANT
• 2026-01-23 Rental Removed $1,350 TURBOTENANT
• 2025-12-19 Listed for Rent $1,350 TURBOTENANT
• 2025-10-31 Price Changed $134,000 NELABOR
• 2025-10-09 Listed $135,000 NELABOR
• 2023-11-24 Rental Removed $1,350 TURBOTENANT
• 2023-10-21 Listed for Rent $1,350 TURBOTENANT
• 2023-08-29 Rental Removed $1,350 TURBOTENANT
• 2023-08-17 Listed for Rent $1,350 TURBOTENANT
• 2023-08-13 Rental Removed $1,350 TURBOTENANT
• 2023-07-31 Listed for Rent $1,350 TURBOTENANT
• 2022-08-23 Sold (Public Records) $78,000 Public Records
• 2022-08-23 Sold (MLS) — NELABOR
• 2022-07-27 Pending — NELABOR
• 2022-07-20 Relisted — NELABOR
• 2022-07-18 Pending — NELABOR
• 2022-07-07 Price Changed $89,900 NELABOR
• 2022-04-07 Listed $95,000 NELABOR
• 2020-10-30 Sold (Public Records) $62,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $912 · -0.1% YoY. Source: county tax records.