2918 Midway St · Shreveport, LA 71109

$20,000

2 bd · 1.0 ba · 904 sqft · SingleFamily public records · 34 Days on market

Built 1954 8,102 sqft lot $22/sqft · 41% below area Est $34k · 41% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.4/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks

CALLING ALL INVESTORS!! This Property is to be sold as a package with 810 Pine Tree Dr. 20929225 for $60,000. This property rented for $500 per month, will need to be finished. Owner will make no repairs and is SOLD AS IS. Property is go and show.

Key facts

• 8,102 sq ft lot
• Garage
• Built 1954

Property features AI

Finance

• Other: Parcel number available
• Financial info: No second mortgage indicated; Listing type: For Sale
• HOA & community: No homeowners association

Exterior

• Parking: Covered parking (1 covered space); Additional parking and driveway; 1-car garage
• Utilities: City water; City sewer; Electricity available; Individual gas meter; Individual water meter; Not in a municipal utility district
• Home design: Single family residence; One story; Residential property; Property is not attached
• Construction: Built in 1954
• Exterior features: Lot is less than 0.5 acre; Subdivision: Ingleside Anx

Interior

• Kitchen: No appliances included
• Bedrooms: Primary bedroom (level 1) — approximately 10 x 10
• Bathrooms: 1 full bathroom
• Interior features: Eat-in kitchen; One living area; One dining area; Total of 2 rooms
• Laundry & utility: No laundry appliances listed

🏷️ Possibly a rental listed for sale. The $20,000 price doesn't fit this home's estimated sale value (~$33,954) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($748 rent vs $20k).
• Recommended offer: $19k (3.0% below list) — sets the bar for market timing.
• Cap rate 32.5% 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: 123 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.2%/yr); year-one equity from $138 of loan paydown is wiped out by about $236 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 (-1.2% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($19k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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

• 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $19,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% 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. 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. 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: 3.74% ✓
• Cap rate: 32.52%
• Cash-on-cash: 93.67%
• DSCR: 5.17
• GRM: 2.2

CMA / ARV

• ARV (median comp): $33,954
• List price: $20,000
• Delta: -41.10%
• 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
3149 Fulton St	0.31mi	2/1.0	870 (-4%)	2mo	$34,900	$40	77
2946 Midway St	0.06mi	2/1.0	822 (-9%)	6mo	$22,500	$27	77
3035 Midway St	0.16mi	2/1.0	792 (-12%)	8mo	$12,000	$15	65
2446 Drexel St	0.44mi	2/1.0	979 (+8%)	4mo	$15,000	$15	62
3101 Syphon St	0.46mi	2/1.0	840 (-7%)	10mo	$10,000	$12	59
2511 Drexel St	0.42mi	2/1.0	1,005 (+11%)	9mo	$45,000	$45	54
2560 Emery St	0.48mi	2/1.0	977 (+8%)	12mo	$45,000	$46	54
2816 Bibb St	0.62mi	2/1.0	936 (+4%)	14mo	$24,999	$27	53
3216 Fulton St	0.38mi	2/1.0	999 (+10%)	14mo	$20,000	$20	53
3127 Lindholm St	0.39mi	2/1.0	810 (-10%)	16mo	$59,500	$73	51
3934 Fairfax Ave	0.57mi	3/1.0 (+1)	1,036 (+15%)	2mo	$84,000	$81	42
2026 Murray St	0.73mi	3/1.0 (+1)	982 (+9%)	12mo	$29,900	$30	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 95.5%
• Equity multiple: 5.68×
• Total profit: $26,193
• Equity at exit: $4,654

10-year hold

• IRR: 97.3%
• Equity multiple: 11.75×
• Total profit: $60,205
• Equity at exit: $4,741

Cash invested: $5,600 (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 71109

• Home prices YoY: -2.1%
• Active inventory: 123
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $748 high
• Mortgage (P&I): −$105
• Tax from tax record: −$40 /mo · $486/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$157
• Net cashflow: $437

Break-even live

Break-even rent $195

Max offer price $20,000

Occupancy floor 37%

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2924 DuPont St Shreveport, LA	2.0	1.0	768	$750	$0.98	20d	1	0.26mi
2714 DuPont St Shreveport, LA	2.0	1.0	980	$565	$0.58	13d	1	0.30mi
2544 DuPont St Shreveport, LA	2.0	1.0	683	$600	$0.88	20d	1	0.42mi
4122 Cherokee St Apt 4 Shreveport, LA	2.0	1.0	750	$850	$1.13	20d	1	0.50mi
4122 Cherokee St Apt 4 Shreveport, LA	2.0	1.0	960	$850	$0.89	43d	1	0.50mi
2503 Malcolm St Shreveport, LA	1.0	1.0	650	$600	$0.92	43d	1	0.53mi
2520 Merwin St Shreveport, LA	3.0	1.0	924	$700	$0.76	20d	1	0.58mi
5306 Prentiss Ave Shreveport, LA	3.0	1.0	957	$975	$1.02	43d	1	0.60mi
5218 Fairfax Ave Shreveport, LA	2.0	1.0	971	$825	$0.85	20d	1	0.77mi
2641 Valley Ridge Rd Shreveport, LA	3.0	1.0	1045	$725	$0.69	20d	1	0.85mi
3240 Jackson St Shreveport, LA	2.0	1.0	1014	$700	$0.69	13d	1	0.92mi
1954 State St Shreveport, LA	3.0	1.0	900	$900	$1.00	43d	1	0.96mi
3530 Pleasant Dr Shreveport, LA	2.0	1.0	750	$725	$0.97	20d	1	1.06mi
3628 Sumner St Shreveport, LA	3.0	1.0	956	$950	$0.99	44d	1	1.09mi
3902 Sumner St Shreveport, LA	2.0	1.0	900	$700	$0.78	43d	1	1.31mi
1430 Grigsby St Shreveport, LA	3.0	1.0	1052	$775	$0.74	43d	1	1.38mi
3515 Stonewall St Shreveport, LA	2.0	1.0	1000	$600	$0.60	13d	1	1.39mi
1421 Clover St Shreveport, LA	2.0	1.0	900	$675	$0.75	13d	1	1.42mi
3022 Lillian St Shreveport, LA	2.0	1.0	1115	$695	$0.62	20d	1	1.46mi
1340 Lincoln St Shreveport, LA	2.0	1.0	1120	$850	$0.76	13d	1	1.47mi
1340 Lincoln St Shreveport, LA	2.0	1.0	1120	$950	$0.85	43d	1	1.47mi

Listing history 28 events

1. 2026-06-18
   days on market $20,000 Active 34 DOM
2. 2026-06-17
   days on market $20,000 Active 33 DOM
3. 2026-06-16
   days on market $20,000 Active 32 DOM
4. 2026-06-15
   days on market $20,000 Active 31 DOM
5. 2026-06-14
   days on market $20,000 Active 29 DOM
6. 2026-06-13
   days on market $20,000 Active 28 DOM
7. 2026-06-10
   days on market $20,000 Active 26 DOM
8. 2026-06-09
   days on market $20,000 Active 25 DOM
9. 2026-06-08
   days on market $20,000 Active 24 DOM
10. 2026-06-07
    days on market $20,000 Active 23 DOM
11. 2026-06-05
    days on market $20,000 Active 20 DOM
12. 2026-06-03
    days on market $20,000 Active 19 DOM
13. 2026-06-02
    days on market $20,000 Active 18 DOM
14. 2026-06-01
    days on market $20,000 Active 17 DOM
15. 2026-05-31
    days on market $20,000 Active 16 DOM
16. 2026-05-30
    days on market $20,000 Active 15 DOM
17. 2026-05-15
    listed $20,000 Active 247-char remark
18. 2026-05-04
    historical
19. 2025-07-28
    price $17,500
20. 2025-06-25
    price $18,000
21. 2025-05-07
    listed $20,000 Active
22. 2022-02-03
    price $575
23. 2021-09-16
    historical
24. 2021-09-10
    listed $28,000 Active
25. 2011-12-15
    soldstatus $19,000
26. 2008-02-19
    soldstatus
27. 2004-06-01
    soldstatus
28. 2001-11-06
    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: $486 · $40/mo
• Projected year-2 tax: $486 · $40/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 · 21 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: $8,974
• − Mortgage interest: −$1,120
• − Property taxes: −$486
• − Insurance: −$100
• − Repairs & maintenance: −$718
• − Management: −$718
• − Depreciation: −$582
• Taxable income: $5,251
• Est. tax owed @ 24.0%: −$1,260
• After-tax cash flow: $3,985/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): 17,412
• Household income: $32,939
• Rent vs Own: 58.3% rent · 41.7% own
• Severe rent burden: 1265.0

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 (95%)
• Race & ethnicity: Black 95% White 4%
• Common ancestry: Lithuanian 1%
• Foreign-born: 0%

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: ▼ -1.18%
• Current HPI: 54.4158
• Rent YoY: —
• 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

+5.3% since first listed

12 events — show timeline

• 2026-05-15 Listed $20,000 NTREIS
• 2026-05-04 Listing Removed — NTREIS
• 2025-07-28 Price Changed $17,500 NTREIS
• 2025-06-25 Price Changed $18,000 NTREIS
• 2025-05-07 Listed $20,000 NTREIS
• 2022-02-03 Price Changed $575 RENT.
• 2021-09-16 Listing Removed — NTREIS
• 2021-09-10 Listed $28,000 NTREIS
• 2011-12-15 Sold (Public Records) $19,000 Public Records
• 2008-02-19 Sold (Public Records) — Public Records
• 2004-06-01 Sold (Public Records) — Public Records
• 2001-11-06 Sold (Public Records) — Public Records

Property tax history

-1.1%/yr

Latest (2025): $486 · +0.4% YoY. Source: county tax records.