3034 Glenwick St · Shreveport, LA 71108

$37,000

3 bd · 1.0 ba · 915 sqft · SingleFamily public records · 188 Days on market

Built 1954 $40/sqft · 37% below area Est $59k · 37% under ↓ 5% since listing

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.1/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* Great Investment / Fixer-Upper Special or Starter Home This property is a great opportunity for investors, flippers, buyers, or anyone looking for a budget-friendly home to customize for your next project or to make it their own. Priced at just $37,000, this home is being sold as-is and will require interior renovations. Looking for an affordable property with big potential? This fixer-upper is the perfect opportunity to create value and where you can design the interior exactly the way you want. With interior renovations, this home has the potential to become a strong rental, profitable resale, or long-term hold. * Why You'll Love It: * Incredible price point own for less than rent * Ideal project for investors, flippers, or DIY buyers * Opportunity to build instant equity with renovations or rental potential * Spacious layout ready for your updates * Great potential for a rental or personal home * Customize to your taste or add to your portfolio * Sold as-is, ready for your vision and to build your dream home at your pace * Wheelchair Accessible Bring your ideas and transform this home into something special! With vision and updates, it can become a beautiful and affordable place to live or a profitable investment property. Dont miss out on this chance to buy a home for under $40k! * Check-Out Feature Photos * Contact Us for a Tour and/or additional Interior Photos

Key facts

• Interior renovations
• Spacious layout
• Built 1954

Tags

• INTERIOR RENOVATIONS
• WHEELCHAIR ACCESSIBLE
• SPACIOUS LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $37k.

Deal economics

• At list price, monthly cash flow is $472 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($924 rent vs $37k).
• Recommended offer: $33k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.6% vs local median 5.7% in Shreveport — 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 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 138 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($32k/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 $256 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $10k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 188 days — a 12% lower offer ($33k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $32,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 188 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 1954 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 2.50% ✓
• Cap rate: 21.60%
• Cash-on-cash: 54.67%
• DSCR: 3.43
• GRM: 3.3

CMA / ARV

• ARV (median comp): $59,058
• List price: $37,000
• Delta: -37.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2910 Meadow Ave	0.22mi	3/1.0	931 (+2%)	3mo	$45,000	$48	85
2905 Grassmere St	0.23mi	3/1.0	912 (-0%)	17mo	$48,900	$54	75
6525 Quilen Blvd	0.24mi	3/1.0	912 (-0%)	19mo	$39,900	$44	72
2724 Grassmere St	0.44mi	2/1.0 (-1)	866 (-5%)	1mo	$60,000	$69	64
3027 Manson St	0.35mi	3/1.0	987 (+8%)	19mo	$19,900	$20	55
2730 Sunnybrook St	0.45mi	2/1.0 (-1)	939 (+3%)	18mo	$52,500	$56	54
3250 Wagner St	0.29mi	2/1.0 (-1)	1,044 (+14%)	8mo	$29,500	$28	51
3030 Morningside Dr	0.71mi	3/1.0	1,005 (+10%)	2mo	$53,000	$53	49
2729 Marquette St	0.58mi	2/1.0 (-1)	1,000 (+9%)	9mo	$58,000	$58	45
2742 Lakehurst Ave	0.44mi	3/1.0	1,034 (+13%)	16mo	$79,900	$77	44
6507 Canal Blvd	0.36mi	2/1.0 (-1)	1,027 (+12%)	18mo	$25,250	$25	43
2614 Lakehurst Ave	0.66mi	2/1.0 (-1)	821 (-10%)	16mo	$33,800	$41	34

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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: 52.2%
• Equity multiple: 3.27×
• Total profit: $23,500
• Equity at exit: $5,517

10-year hold

• IRR: 57.2%
• Equity multiple: 6.49×
• Total profit: $56,878
• Equity at exit: $3,199

Cash invested: $10,360 (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 71108

• Rents YoY: 2.4%
• Active inventory: 138
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $924 high
• Mortgage (P&I): −$194
• Tax from tax record: −$49 /mo · $583/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$194
• Net cashflow: $472

Break-even live

Break-even rent $327

Max offer price $37,000

Occupancy floor 44%

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: $9,250
• Closing costs: $1,110
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2943 Hillcrest Ave Shreveport, LA	4.0	2.0	960	$1,000	$1.04	21d	1	0.13mi
3051 Amherst St Shreveport, LA	3.0	1.0	994	$595	$0.60	43d	1	0.33mi
2721 Sunnybrook St Shreveport, LA	3.0	1.0	913	$1,000	$1.10	43d	1	0.52mi
2762 Marquette St Shreveport, LA	3.0	1.0	1054	$1,000	$0.95	21d	1	0.53mi
3530 Pleasant Dr Shreveport, LA	2.0	1.0	750	$725	$0.97	21d	1	0.71mi
2641 Valley Ridge Rd Shreveport, LA	3.0	1.0	1045	$725	$0.69	21d	1	0.84mi
5306 Prentiss Ave Shreveport, LA	3.0	1.0	957	$975	$1.02	43d	1	0.84mi
2644 Valley Ridge Rd Shreveport, LA	4.0	1.0	1023	$1,100	$1.08	43d	1	0.85mi
5218 Fairfax Ave Shreveport, LA	2.0	1.0	971	$825	$0.85	21d	1	1.18mi
7137 Burlingame Blvd Shreveport, LA	3.0	1.5	1100	$700	$0.64	43d	1	1.28mi
1954 State St Shreveport, LA	3.0	1.0	900	$900	$1.00	43d	1	1.30mi
7224 Union Ave Shreveport, LA	2.0	1.0	735	$625	$0.85	13d	1	1.34mi
513 Sassafras Ave Shreveport, LA	3.0	1.0	960	$870	$0.91	21d	1	1.47mi

Listing history 19 events

1. 2026-06-18
   days on market $37,000 Active 188 DOM
2. 2026-06-17
   days on market $37,000 Active 187 DOM
3. 2026-06-16
   days on market $37,000 Active 186 DOM
4. 2026-06-15
   days on market $37,000 Active 185 DOM
5. 2026-06-14
   days on market $37,000 Active 183 DOM
6. 2026-06-13
   days on market $37,000 Active 182 DOM
7. 2026-06-10
   days on market $37,000 Active 180 DOM
8. 2026-06-09
   days on market $37,000 Active 179 DOM
9. 2026-06-08
   days on market $37,000 Active 178 DOM
10. 2026-06-07
    days on market $37,000 Active 177 DOM
11. 2026-06-05
    days on market $37,000 Active 174 DOM
12. 2026-06-03
    days on market $37,000 Active 173 DOM
13. 2026-06-02
    days on market $37,000 Active 172 DOM
14. 2026-06-01
    days on market $37,000 Active 171 DOM
15. 2026-05-31
    days on market $37,000 Active 170 DOM
16. 2026-05-30
    days on market $37,000 Active 169 DOM
17. 2026-02-09
    soldstatus $35,000
18. 2025-12-08
    listed $37,000 Active 1405-char remark

    Show marketing remark (1405 chars)

    * Great Investment / Fixer-Upper Special or Starter Home This property is a great opportunity for investors, flippers, buyers, or anyone looking for a budget-friendly home to customize for your next project or to make it their own. Priced at just $37,000, this home is being sold as-is and will require interior renovations. Looking for an affordable property with big potential? This fixer-upper is the perfect opportunity to create value and where you can design the interior exactly the way you want. With interior renovations, this home has the potential to become a strong rental, profitable resale, or long-term hold. * Why You'll Love It: * Incredible price point own for less than rent * Ideal project for investors, flippers, or DIY buyers * Opportunity to build instant equity with renovations or rental potential * Spacious layout ready for your updates * Great potential for a rental or personal home * Customize to your taste or add to your portfolio * Sold as-is, ready for your vision and to build your dream home at your pace * Wheelchair Accessible Bring your ideas and transform this home into something special! With vision and updates, it can become a beautiful and affordable place to live or a profitable investment property. Dont miss out on this chance to buy a home for under $40k! * Check-Out Feature Photos * Contact Us for a Tour and/or additional Interior Photos

19. 1993-06-25
    soldstatus

ⓘ 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: $583 · $49/mo
• Projected year-2 tax: $583 · $49/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% 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: $11,090
• − Mortgage interest: −$2,073
• − Property taxes: −$583
• − Insurance: −$185
• − Repairs & maintenance: −$887
• − Management: −$887
• − Depreciation: −$1,076
• Taxable income: $5,398
• Est. tax owed @ 24.0%: −$1,296
• After-tax cash flow: $4,369/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 18,072
• Household income: $32,055
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 1526.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% White 11% Hispanic / Latino 4% Two or more races 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.98%
• Current HPI: 58.1377
• Rent YoY: ▲ 2.37%
• Metro: Shreveport-Bossier City, 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

-5.4% since first listed

3 events — show timeline

• 2026-02-09 Sold (Public Records) $35,000 Public Records
• 2025-12-08 Listed $37,000 Fizber.com
• 1993-06-25 Sold (Public Records) — Public Records

Property tax history

+13.9%/yr

Latest (2025): $583 · +0.4% YoY. Source: county tax records.