248 Pennsylvania Ave · Shreveport, LA 71105

$195,000

3 bd · 1.0 ba · 1,654 sqft · SingleFamily public records · 38 Days on market

Built 1953 9,060 sqft lot $118/sqft · at area comps Est $203k · at est.

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Why this score? — see what drove the D 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 +14.3/30.0
• ARV discount +9.3/15.0
• DSCR +4.4/10.0
• Rent growth +3.5/5.0
• 1% rule +3.3/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Lovely three bedroom, two bathroom home conveniently located in the heart of Broadmoor. This home features two living spaces and updated flooring. Great deck overlooking the private backyard, that features a 700 sqft workshop! Come check this this home out today!

Key facts

• Two living spaces
• 700 sqft workshop
• Private backyard

Tags

• TWO LIVING SPACES
• UPDATED FLOORING
• PRIVATE BACKYARD
• 700 SQFT WORKSHOP

Property features AI

Finance

• Financial info: Treat As Clear loan type; No second mortgage indicated
• HOA & community: No homeowners association

Exterior

• Parking: Attached carport; Covered parking for 1 vehicle; 1 carport space
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; Residential property; One story; Preowned (built in 1953); Interior lot; irregular lot
• Construction: Brick and wood construction; Shingle roof; Pillar/post/pier foundation; Year built 1953
• Exterior features: Private yard; Chain link and wood fencing; full privacy fencing

Interior

• Kitchen: Dishwasher; Disposal; Eat-in kitchen
• Bedrooms: 3 bedrooms (all on the main level); Primary bedroom approximately 15 x 15
• Flooring: Luxury vinyl plank; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cable TV available; Eat-in kitchen; One level; 8 total rooms; 2 living areas; 1 dining area
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $36 ($431/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $162k (16.9% below list).
• Recommended offer: $162k (16.9% below list) — sets the bar for 1% rule.

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: crime F, amenities F, commute 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.
• Zoned schools: Caddo Parish Middle Magnet School (math 79% / reading 93%, grade A+, #1 of 218 statewide, top 0%, 1,003 students, 23% FRL); Captain Shreve High School (math 25% / reading 41%, grade F, #116 of 265 statewide, top 44%, 1,851 students, 49% FRL) — zoned schools average 36% FRL vs 64% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 60% at this address vs 26% district-wide (+33 pts) — the actual schools serving this property are materially stronger than the Caddo Parish average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.9%/yr); 148 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,991 (16.9% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.83% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.79%
• DSCR: 1.04
• GRM: 10.0

CMA / ARV

• ARV (median comp): $203,096
• List price: $195,000
• Delta: -3.99%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
258 Carrollton Ave	0.09mi	3/2.0	1,592 (-4%)	1mo	$229,000	$144	85
180 Charles Ave	0.30mi	3/1.0	1,606 (-3%)	2mo	$179,995	$112	80
271 Ockley Dr	0.45mi	3/2.0	1,669 (+1%)	0mo	$229,900	$138	73
174 Lynn Ave	0.34mi	3/2.0	1,550 (-6%)	1mo	$199,000	$128	69
251 Roma Dr	0.31mi	2/2.0 (-1)	1,724 (+4%)	2mo	$175,000	$102	68
4350 Finley Dr	0.48mi	3/2.0	1,608 (-3%)	1mo	$200,000	$124	68
4524 Clingman Dr	0.53mi	2/2.0 (-1)	1,664 (+1%)	1mo	$207,500	$125	65
351 Fontaine St	0.68mi	3/2.0	1,704 (+3%)	1mo	$225,000	$132	58
328 Albany Ave	0.62mi	3/2.0	1,787 (+8%)	1mo	$209,900	$117	53
106 Bruce Ave	0.55mi	3/2.0	1,827 (+10%)	2mo	$220,000	$120	51
343 Bellmead St	0.71mi	3/1.0	1,438 (-13%)	1mo	$164,900	$115	45
135 Carroll St	0.63mi	3/2.0	1,875 (+13%)	1mo	$232,500	$124	44

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 · 3.93% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.49×
• Total profit: $-27,820
• Equity at exit: $29,075

10-year hold

• IRR: -4.0%
• Equity multiple: 0.72×
• Total profit: $-15,043
• Equity at exit: $16,860

Cash invested: $54,600 (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 71105

• Rents YoY: 3.9%
• Active inventory: 148
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,620 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$140 /mo · $1,680/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $36

Break-even live

Break-even rent $1,574

Max offer price $195,000

Occupancy floor 93%

Sensitivity live

Price	-10% $146	-5% $91	+0% $36	+5% $-19	+10% $-74
Rent	-10% $-92	-5% $-28	+0% $36	+5% $100	+10% $164
Rate	-1.0pp $134	-0.5pp $86	base $36	+0.5pp $-15	+1.0pp $-66

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
216 Pennsylvania Ave Shreveport, LA	3.0	1.0	1199	$1,250	$1.04	22d	1	0.21mi
186 Charles Ave Shreveport, LA	3.0	1.0	1320	$1,675	$1.27	22d	1	0.27mi
243 Justin Ave Shreveport, LA	3.0	1.0	1236	$1,400	$1.13	45d	1	0.30mi
204 Leo Ave Shreveport, LA	4.0	2.0	1846	$2,000	$1.08	15d	1	0.32mi
154 Southfield Rd Shreveport, LA	3.0	1.0	1258	$1,395	$1.11	45d	1	0.50mi
119 Charles Ave Shreveport, LA	3.0	2.0	1518	$1,800	$1.19	45d	1	0.53mi
2011 Audubon Pl Shreveport, LA	3.0	2.0	1932	$1,800	$0.93	45d	1	0.72mi
2033 Horton Ave Shreveport, LA	3.0	2.0	1681	$1,750	$1.04	22d	1	0.86mi
4024 Reily Ln Shreveport, LA	3.0	1.0	1220	$1,275	$1.05	22d	1	1.07mi
6122 Burgundy Dr Shreveport, LA	4.0	2.0	2222	$2,500	$1.13	45d	1	1.12mi
3516 Alexander Ave Shreveport, LA	2.0	1.0	1355	$1,250	$0.92	15d	1	1.32mi
715 Camilla Dr Shreveport, LA	3.0	1.0	1654	$1,350	$0.82	45d	1	1.35mi
3642 Gilbert Dr Shreveport, LA	2.0	2.0	2011	$1,750	$0.87	15d	1	1.48mi
3624 Gilbert Dr Shreveport, LA	3.0	3.0	2088	$1,900	$0.91	45d	1	1.50mi

Listing history 19 events

1. 2026-06-21
   days on market $195,000 Active 38 DOM
2. 2026-06-18
   days on market $195,000 Active 35 DOM
3. 2026-06-17
   days on market $195,000 Active 34 DOM
4. 2026-06-16
   days on market $195,000 Active 33 DOM
5. 2026-06-15
   days on market $195,000 Active 32 DOM
6. 2026-06-14
   days on market $195,000 Active 30 DOM
7. 2026-06-13
   pricedays on market $195,000 Active 29 DOM
8. 2026-06-10
   days on market $199,000 Active 27 DOM
9. 2026-06-09
   days on market $199,000 Active 26 DOM
10. 2026-06-08
    days on market $199,000 Active 25 DOM
11. 2026-06-07
    days on market $199,000 Active 24 DOM
12. 2026-06-05
    days on market $199,000 Active 21 DOM
13. 2026-06-03
    days on market $199,000 Active 20 DOM
14. 2026-06-02
    days on market $199,000 Active 19 DOM
15. 2026-06-01
    days on market $199,000 Active 18 DOM
16. 2026-05-31
    days on market $199,000 Active 17 DOM
17. 2026-05-30
    days on market $199,000 Active 16 DOM
18. 2026-05-14
    listed $199,000 Active 263-char remark
19. 2022-05-04
    soldstatus $183,250

ⓘ 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: $1,680 · $140/mo
• Projected year-2 tax: $1,680 · $140/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% 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: $19,439
• − Mortgage interest: −$10,923
• − Property taxes: −$1,680
• − Insurance: −$975
• − Repairs & maintenance: −$1,555
• − Management: −$1,555
• − Depreciation: −$5,673
• Taxable loss: −$2,922
• Est. tax savings @ 24.0%: +$701
• After-tax cash flow: $1,132/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): 20,179
• Household income: $67,968
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1007.0

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 White (68%)
• Race & ethnicity: White 68% Black 20% Two or more races 7% Hispanic / Latino 5% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 3% Serbian 3% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

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: ▼ -96.75%
• Current HPI: 129.572
• Rent YoY: ▲ 3.93%
• 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

+6.4% since first listed

3 events — show timeline

• 2026-06-10 Price Changed $195,000 NTREIS
• 2026-05-14 Listed $199,000 NTREIS
• 2022-05-04 Sold (Public Records) $183,250 Public Records

Property tax history

+11.4%/yr

Latest (2025): $1,680 · +0.4% YoY. Source: county tax records.