617 Sycamore St · Lake Charles, LA 70601

$124,000

2 bd · 1.0 ba · 1,041 sqft · SingleFamily · 4 Days on market

Built 2021 6,254 sqft lot Est $105k · 18% over

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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 +17.8/30.0
• DSCR +5.6/10.0
• Rent growth +4.0/5.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

This charming 2-bed, 1-bath home was renovated to the studs in 2021 with new roof, electrical, plumbing, double-pane windows, sheetrock, sub floor, flooring, bathroom, kitchen, etc! Home is move-in ready and offers a BONUS ROOM that could be dining, bedroom, or office!! The kitchen offers updated stainless-steel appliances and is open to the living room. The property is fully privacy fenced with a generous sized yard, an attached carport, and 12x20 workshop with electrical. Home has central air/heat and window units (left in after storm). Property is in flood zone x, where typically no flood insurance is required. Home has never flooded. Home would have a newer “Year Built Effective D

Key facts

• Central air heat
• Attached carport
• Generous sized yard

Tags

• BONUS ROOM
• FULLY PRIVACY FENCED
• GENEROUS SIZED YARD
• ATTACHED CARPORT
• 12X20 WORKSHOP WITH ELECTRICAL
• CENTRAL AIR HEAT

Property features AI

Exterior

• Parking: Covered carport; Open parking
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Water connected
• Home design: Single-family residence (house); One story; Updated/remodeled condition; No common walls
• Construction: Vinyl siding; Raised foundation with pillars/posts/piers; Built as a single-family house
• Exterior features: Front porch; Wood privacy fencing; Workshop structure; Paved road frontage on a city street; Has a view

Interior

• Kitchen: Dishwasher; Gas oven; Gas range
• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central heating with heat pump; Central air conditioning
• Interior features: Updated/remodeled interior; No fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas water heater and additional water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $102 ($1k/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 $105k (15.0% below list).
• Recommended offer: $105k (15.0% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 4.3% in Lake Charles — 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 68/100 on livability (#95 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 363 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $857 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $80k; list at $124k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $105,375 (15.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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?
4. 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?
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: 0.85% ✗
• Cap rate: 7.28%
• Cash-on-cash: 3.52%
• DSCR: 1.16
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $105,141
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
710 11th St	0.44mi	2/1.0	999 (-4%)	14mo	$45,000	$45	61
202 Eddy St	0.62mi	2/1.0	1,007 (-3%)	8mo	$94,000	$93	59
1734 Moss St St	0.56mi	2/2.0	989 (-5%)	4mo	$109,900	$111	59
1014 Fall St St	0.41mi	2/1.0	1,190 (+14%)	2mo	$45,000	$38	55
707 Fall St	0.19mi	3/1.5 (+1)	1,192 (+14%)	10mo	$52,000	$44	51
624 8th St	0.68mi	2/2.0	1,110 (+7%)	3mo	$144,990	$131	51
122 W 15th St W	0.52mi	2/1.0	914 (-12%)	8mo	$62,000	$68	49
3022 Louisiana Ave	0.60mi	3/1.0 (+1)	1,100 (+6%)	12mo	$115,000	$105	48
819 Craft St	0.52mi	3/2.0 (+1)	1,156 (+11%)	3mo	$143,000	$124	46
3101 Center St	0.45mi	3/1.0 (+1)	1,180 (+13%)	10mo	$119,000	$101	44
3206 Louisiana Ave	0.70mi	3/1.0 (+1)	1,120 (+8%)	14mo	$66,000	$59	38
222 W Hale St W	0.70mi	3/1.0 (+1)	1,192 (+14%)	8mo	$120,000	$101	32

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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.71×
• Total profit: $-10,182
• Equity at exit: $18,489

10-year hold

• IRR: 5.0%
• Equity multiple: 1.42×
• Total profit: $14,484
• Equity at exit: $10,721

Cash invested: $34,720 (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 70601

• Rents YoY: 6.2%
• Active inventory: 363
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,054 high
• Mortgage (P&I): −$650
• Tax from tax record: −$29 /mo · $343/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $102

Break-even live

Break-even rent $925

Max offer price $124,000

Occupancy floor 85%

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
603 Falls St Lake Charles, LA	2.0	1.0	825	$825	$1.00	20d	1	0.20mi
1028 Alamo St Lake Charles, LA	2.0	1.0	865	$850	$0.98	20d	1	0.52mi
1300 16th St Lake Charles, LA	2.0	1.5	1344	$1,295	$0.96	20d	1	0.61mi
3206 Hodges St Lake Charles, LA	2.0	1.0	1497	$1,200	$0.80	43d	1	0.63mi
200 W 11th St Unit 4 Lake Charles, LA	1.0	1.0	700	$875	$1.25	20d	1	0.66mi
1710 Granger St Lake Charles, LA	3.0	2.5	1450	$1,900	$1.31	43d	1	0.67mi
2700 Ernest St Lake Charles, LA	1.0–3.0	1.0–2.0	1054	$1,333	$1.26	13d	1	0.69mi
1605 W Common St Unit 1 Lake Charles, LA	1.0	1.0	750	$925	$1.23	20d	1	0.75mi
125 East St Lake Charles, LA	3.0	2.0	1138	$3,850	$3.38	43d	1	0.78mi
3108 Aster St Unit M Lake Charles, LA	2.0	1.0	1100	$1,300	$1.18	13d	1	0.93mi
807 Camelia St Lake Charles, LA	3.0	1.0	1322	$1,500	$1.13	43d	1	0.97mi
520 E Lagrange St Unit 12 Lake Charles, LA	1.0	1.0	700	$749	$1.07	20d	1	0.98mi
3506 Common St Unit 11 Lake Charles, LA	2.0	1.0	910	$950	$1.04	13d	1	0.98mi
114 W Lagrange St Apt 18 Lake Charles, LA	2.0	1.0	1200	$1,300	$1.08	20d	1	0.99mi
121 W Lagrange St Lake Charles, LA	1.0	1.0	850	$750	$0.88	43d	1	1.06mi
1505 7th St Lake Charles, LA	2.0	1.0	1054	$900	$0.85	43d	1	1.11mi
422 W Lagrange St Lake Charles, LA	1.0	1.0	775	$900	$1.16	20d	1	1.18mi
422 W Lagrange St Lake Charles, LA	2.0	2.0	995	$1,050	$1.06	43d	1	1.18mi
3715 Common St Unit B1 Lake Charles, LA	2.0	2.0	900	$1,395	$1.55	13d	1	1.25mi
1915 Legion St Lake Charles, LA	3.0	1.0	966	$950	$0.98	13d	1	1.27mi
3322 Kingham Rd Unit 2 Lake Charles, LA	2.0	1.0	870	$1,075	$1.24	43d	1	1.32mi
823 Kirkman St Unit 4 Lake Charles, LA	1.0	1.0	950	$600	$0.63	20d	1	1.35mi
317 W School St Unit A Lake Charles, LA	2.0	1.0	825	$900	$1.09	43d	1	1.40mi

Listing history 5 events

1. 2026-06-19
   days on market $124,000 Active 4 DOM
2. 2026-06-18
   days on market $124,000 Active 3 DOM
3. 2026-06-17
   days on market $124,000 Active 2 DOM
4. 2026-06-15
   remarks 693-char remark
5. 2026-06-15
   listed $124,000 Active 1 DOM

ⓘ 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: $343 · $29/mo
• Projected year-2 tax: $682 · $57/mo
• Expected delta: +$339/yr (+$28/mo · 98.9%)

ⓘ 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 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $12,645
• − Mortgage interest: −$6,946
• − Property taxes: −$343
• − Insurance: −$620
• − Repairs & maintenance: −$1,012
• − Management: −$1,012
• − Depreciation: −$3,607
• Taxable loss: −$894
• Est. tax savings @ 24.0%: +$215
• After-tax cash flow: $1,438/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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Lake Charles

• Score: 68/100
• State rank: #95
• US rank: #9820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Charles, LA
• County: Calcasieu Parish · 170,889 people
• City population: 133,538
• Metro: Lake Charles, LA
• Population (ZIP): 30,872
• Household income: $49,992
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1304.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 59% White 31% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Lithuanian 7% Iranian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.32%
• Current HPI: 55.6127
• Rent YoY: ▲ 6.18%
• Metro: Lake Charles, 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

+313.3% since first listed

3 events — show timeline

• 2026-06-15 Listed $124,000 SWLAR
• 2014-08-04 Sold (Public Records) $80,000 Public Records
• 1998-04-28 Sold (Public Records) $30,000 Public Records

Property tax history

-0.4%/yr

Latest (2025): $343 · +1.3% YoY. Source: county tax records.