1808 13th Ave · Franklinton, LA 70438

$165,000

3 bd · 2.0 ba · 2,767 sqft · SingleFamily · 180 Days on market

Built 1977 $60/sqft · 31% below area Est $239k · 31% under

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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 +23.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.4/10.0
• Livability +3.5/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Brick Home on a Spacious 200x200 Lot in the Heart of Franklinton Welcome to this inviting 3 bedroom, 2 bath home perfectly situated on a generous 200x200 lot in the center of Franklinton. Surrounded by trees and wide open green space, this property offers the privacy and comfort of a country setting while placing you convenient to everything in town. Step inside to find a warm layout with plenty of natural light flowing through large windows. The spacious living areas provide a comfortable setting for everyday living and easy entertaining. Three well sized bedrooms and two full baths offer convenience and flexibility for families, guests, or a dedicated home office. Outside, the expansive yard provides endless possibilities. The covered carport adds valuable extra parking and storage, and the deep lot offers plenty of room for a garden, workshop, or future expansion. With its classic brick exterior and peaceful surroundings, this home presents a wonderful opportunity to make your own. Enjoy convenient access to local schools, shopping, and all that Franklinton has to offer. This property combines location, space, and potential, creating the ideal place to call home.

Key facts

• Expansive yard
• Covered carport
• Natural light

Tags

• BRICK HOME
• SPACIOUS LOT
• NATURAL LIGHT
• EXPANSIVE YARD
• COVERED CARPORT
• PEACEFUL SURROUNDINGS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 5.3% in Franklinton — 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 (#67 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Washington Parish (rural): math 27% / reading 41% proficiency, ranked #38 of 98 in LA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 246 active listings in the ZIP; 10 units permitted in Washington 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 $5k of value loss. Plan a longer hold.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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: major flood risk; 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 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 1977 — 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. 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.
6. 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.
7. 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: 8.57%
• Cash-on-cash: 8.13%
• DSCR: 1.36
• GRM: 8.0

CMA / ARV

• ARV (median comp): $238,881
• List price: $165,000
• Delta: -30.93%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1526 14th Ave	0.27mi	4/2.0 (+1)	2,929 (+6%)	13mo	$170,000	$58	62
1807 12th Ave	0.04mi	4/2.0 (+1)	2,359 (-15%)	10mo	$265,000	$112	60

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: -4.0%
• Equity multiple: 0.85×
• Total profit: $-6,840
• Equity at exit: $24,602

10-year hold

• IRR: 5.7%
• Equity multiple: 1.42×
• Total profit: $19,573
• Equity at exit: $14,266

Cash invested: $46,200 (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 70438

• Home prices YoY: -14.2%
• Active inventory: 246
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,718 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$110 /mo · $1,323/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $313

Break-even live

Break-even rent $1,322

Max offer price $165,000

Occupancy floor 77%

Sensitivity live

Price	-10% $406	-5% $360	+0% $313	+5% $266	+10% $220
Rent	-10% $177	-5% $245	+0% $313	+5% $381	+10% $449
Rate	-1.0pp $396	-0.5pp $355	base $313	+0.5pp $270	+1.0pp $227

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-01-13
   price $165,000 1193-char remark

   Show marketing remark (1193 chars)

   Charming Brick Home on a Spacious 200x200 Lot in the Heart of Franklinton Welcome to this inviting 3 bedroom, 2 bath home perfectly situated on a generous 200x200 lot in the center of Franklinton. Surrounded by trees and wide open green space, this property offers the privacy and comfort of a country setting while placing you convenient to everything in town. Step inside to find a warm layout with plenty of natural light flowing through large windows. The spacious living areas provide a comfortable setting for everyday living and easy entertaining. Three well sized bedrooms and two full baths offer convenience and flexibility for families, guests, or a dedicated home office. Outside, the expansive yard provides endless possibilities. The covered carport adds valuable extra parking and storage, and the deep lot offers plenty of room for a garden, workshop, or future expansion. With its classic brick exterior and peaceful surroundings, this home presents a wonderful opportunity to make your own. Enjoy convenient access to local schools, shopping, and all that Franklinton has to offer. This property combines location, space, and potential, creating the ideal place to call home.

2. 2026-01-13
   price $165,000 1193-char remark

   Show marketing remark (1193 chars)

   Charming Brick Home on a Spacious 200x200 Lot in the Heart of Franklinton Welcome to this inviting 3 bedroom, 2 bath home perfectly situated on a generous 200x200 lot in the center of Franklinton. Surrounded by trees and wide open green space, this property offers the privacy and comfort of a country setting while placing you convenient to everything in town. Step inside to find a warm layout with plenty of natural light flowing through large windows. The spacious living areas provide a comfortable setting for everyday living and easy entertaining. Three well sized bedrooms and two full baths offer convenience and flexibility for families, guests, or a dedicated home office. Outside, the expansive yard provides endless possibilities. The covered carport adds valuable extra parking and storage, and the deep lot offers plenty of room for a garden, workshop, or future expansion. With its classic brick exterior and peaceful surroundings, this home presents a wonderful opportunity to make your own. Enjoy convenient access to local schools, shopping, and all that Franklinton has to offer. This property combines location, space, and potential, creating the ideal place to call home.

3. 2025-11-25
   listed $170,000 Active 1193-char remark

   Show marketing remark (1193 chars)

   Charming Brick Home on a Spacious 200x200 Lot in the Heart of Franklinton Welcome to this inviting 3 bedroom, 2 bath home perfectly situated on a generous 200x200 lot in the center of Franklinton. Surrounded by trees and wide open green space, this property offers the privacy and comfort of a country setting while placing you convenient to everything in town. Step inside to find a warm layout with plenty of natural light flowing through large windows. The spacious living areas provide a comfortable setting for everyday living and easy entertaining. Three well sized bedrooms and two full baths offer convenience and flexibility for families, guests, or a dedicated home office. Outside, the expansive yard provides endless possibilities. The covered carport adds valuable extra parking and storage, and the deep lot offers plenty of room for a garden, workshop, or future expansion. With its classic brick exterior and peaceful surroundings, this home presents a wonderful opportunity to make your own. Enjoy convenient access to local schools, shopping, and all that Franklinton has to offer. This property combines location, space, and potential, creating the ideal place to call home.

4. 2025-11-25
   listed $170,000 Active 1193-char remark

   Show marketing remark (1193 chars)

   Charming Brick Home on a Spacious 200x200 Lot in the Heart of Franklinton Welcome to this inviting 3 bedroom, 2 bath home perfectly situated on a generous 200x200 lot in the center of Franklinton. Surrounded by trees and wide open green space, this property offers the privacy and comfort of a country setting while placing you convenient to everything in town. Step inside to find a warm layout with plenty of natural light flowing through large windows. The spacious living areas provide a comfortable setting for everyday living and easy entertaining. Three well sized bedrooms and two full baths offer convenience and flexibility for families, guests, or a dedicated home office. Outside, the expansive yard provides endless possibilities. The covered carport adds valuable extra parking and storage, and the deep lot offers plenty of room for a garden, workshop, or future expansion. With its classic brick exterior and peaceful surroundings, this home presents a wonderful opportunity to make your own. Enjoy convenient access to local schools, shopping, and all that Franklinton has to offer. This property combines location, space, and potential, creating the ideal place to call home.

5. 2013-08-15
   listed $135,000
6. 2013-08-15
   listed $135,000

ⓘ 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: $1,323 · $110/mo
• Projected year-2 tax: $1,323 · $110/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 6/10 Major FEMA zone X (shaded) · 67% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $20,616
• − Mortgage interest: −$9,243
• − Property taxes: −$1,323
• − Insurance: −$825
• − Repairs & maintenance: −$1,649
• − Management: −$1,649
• − Depreciation: −$4,800
• Taxable income: $1,127
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $3,485/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: Washington Parish
• NCES district ID: 2201860
• Math proficiency: 27% ▼ -34.00%
• Reading proficiency: 41% ▼ -29.00%
• Median HH income: $34,972
• Composite: 28.03/100
• National rank: #6844
• State rank: #38 of 98 in LA

Livability — Franklinton

• Score: 69/100
• State rank: #67
• US rank: #8352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklinton, LA
• Population (ZIP): 19,935

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 22% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Slovak 2% German 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.73%
• Current HPI: 191.4762
• Rent YoY: —
• Metro: —
• 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

+22.2% since first listed

6 events — show timeline

• 2026-01-13 Price Changed $165,000 AcadianaMLS
• 2026-01-13 Price Changed $165,000 GSREIN
• 2025-11-25 Listed $170,000 GSREIN
• 2025-11-25 Listed $170,000 AcadianaMLS
• 2013-08-15 Listed $135,000 GSREIN
• 2013-08-15 Listed $135,000 AcadianaMLS

Property tax history

-1.4%/yr

Latest (2025): $1,323 · +0.4% YoY. Source: county tax records.