9347 Bimini Dr · Gardere, LA 70810

$120,000

2 bd · 1.5 ba · 936 sqft · SingleFamily public records · 12 Days on market

Built 2009 6,534 sqft lot Est $120k · 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 +16.5/30.0
• ARV discount +7.4/15.0
• DSCR +5.1/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling All Investors and /or buyers looking for a 2-bedroom 1.5 bath home in a great location that gives you access to shopping, food and fun, combined with a break from the rush of the area. This home is not only appealing to the eye, but it offers many added structural bonuses like a 100% metal frame construction to the international commercial building code standards, spray foam high density open insulation, high efficiency carried air conditioner and heater, architectural shingle roof and more. Did Not Flood & Does Not Require Flood Insurance.

Key facts

• Did not flood
• 6,534 sq ft lot
• Built 2009

Tags

• 100% METAL FRAME CONSTRUCTION
• ARCHITECTURAL SHINGLE ROOF
• DID NOT FLOOD

Property features AI

Exterior

• Parking: Off-street parking; Open parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence (detached); Residential property
• Construction: Wood siding and frame construction; Shingle roof
• Exterior features: Porch

Interior

• Kitchen: Range; Oven; Electric cooktop; Microwave
• Flooring: Tile; Ceramic tile; Laminate
• Bathrooms: 1 full bathroom; 1 partial bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: High ceilings
• Laundry & utility: Washer hookup inside; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $5 ($59/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 $109k (9.5% below list).
• Recommended offer: $109k (9.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.1% in Gardere — 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 64/100 on livability (#167 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A, housing A; Watch: crime D, employment D, amenities F.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 625 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent is only 14% of the median local income ($92k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% 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 $108,601 (9.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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: 0.91% ✗
• Cap rate: 7.01%
• Cash-on-cash: 2.55%
• DSCR: 1.11
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $119,808
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2279 St Croix Ave	0.12mi	2/1.5	936 (0%)	19mo	$118,000	$126	79
2250 St Croix Ave	0.11mi	3/1.0 (+1)	910 (-3%)	10mo	$120,000	$132	75
9396 Pascagoula Dr	0.14mi	2/1.5	936 (0%)	22mo	$120,000	$128	75
9394 Pascagoula Dr	0.14mi	3/1.0 (+1)	910 (-3%)	18mo	$115,000	$126	66
1954 Elvin Dr	0.11mi	3/1.0 (+1)	910 (-3%)	22mo	$120,000	$132	65

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 · 0.68% rent growth · sell at horizon

5-year hold

• IRR: -18.7%
• Equity multiple: 0.36×
• Total profit: $-21,580
• Equity at exit: $17,892

10-year hold

• IRR: -16.8%
• Equity multiple: 0.17×
• Total profit: $-27,969
• Equity at exit: $10,375

Cash invested: $33,600 (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 70810

• Rents YoY: 0.7%
• Active inventory: 625
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,086 high
• Mortgage (P&I): −$629
• Tax from tax record: −$107 /mo · $1,288/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $5

Break-even live

Break-even rent $1,080

Max offer price $120,000

Occupancy floor 95%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1934 Elvin Dr Baton Rouge, LA	3.0	2.0	1112	$1,600	$1.44	43d	1	0.09mi
2038 Jasper Ave Unit GM 2038-C Baton Rouge, LA	2.0	1.5	1100	$900	$0.82	43d	1	0.46mi
2705 Amanda Dr Unit A Baton Rouge, LA	2.0	2.0	972	$800	$0.82	14d	1	0.50mi
2182 Gardere Ln Unit B Baton Rouge, LA	2.0	2.0	1000	$800	$0.80	23d	1	0.53mi
1646 Jade Ave Unit GM 1646-C Baton Rouge, LA	2.0	1.5	1100	$850	$0.77	43d	1	0.54mi
1646 Jade Ave Unit GM 1646-D Baton Rouge, LA	2.0	1.5	1100	$900	$0.82	14d	1	0.54mi
1616 Jade Ave Baton Rouge, LA	2.0	1.5	1000	$900	$0.90	23d	1	0.55mi
2265 Anne Marie Dr Unit D Baton Rouge, LA	2.0	2.0	972	$800	$0.82	43d	1	0.56mi
1717 Jade Ave Unit 1 Baton Rouge, LA	2.0	1.5	1000	$900	$0.90	23d	1	0.57mi
1717 Jade Ave Unit 2 Gardere, LA	2.0	1.5	1000	$900	$0.90	43d	1	0.57mi
8526 Leake Ave Unit 8526-D Baton Rouge, LA	2.0	2.0	974	$900	$0.92	43d	1	0.57mi
8425 Ned Ave Unit D Baton Rouge, LA	2.0	2.0	970	$875	$0.90	43d	1	0.59mi
8724 GSRI Ave Unit 8724-B Baton Rouge, LA	2.0	1.0	853	$950	$1.11	14d	1	0.59mi
2266 Anne Marie Dr Unit C Baton Rouge, LA	2.0	2.0	1000	$850	$0.85	14d	1	0.60mi
2266 Anne Marie Dr Unit C Baton Rouge, LA	2.0	2.0	1000	$750	$0.75	43d	1	0.60mi
2266 Anne Marie Dr Unit B Baton Rouge, LA	2.0	2.0	1000	$900	$0.90	43d	1	0.60mi
11959 Nicholson Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	1092	$1,436	$1.31	14d	6	0.63mi
8723 GSRI Ave Unit 8723-B Baton Rouge, LA	2.0	1.0	853	$950	$1.11	21d	1	0.63mi
2059 Mariner Dr Unit 2059-20 Baton Rouge, LA	2.0	2.0	950	$925	$0.97	23d	1	0.64mi
2059 Mariner Dr Unit 2059-16 Baton Rouge, LA	1.0	1.0	780	$750	$0.96	19d	1	0.64mi
1434 Jasper Ave Baton Rouge, LA	2.0	1.5	1000	$800	$0.80	43d	1	0.69mi
8911 GSRI Ave Baton Rouge, LA	2.0	2.0	1100	$1,150	$1.05	43d	1	0.74mi
1773 Starboard Dr Unit 1773-1 Baton Rouge, LA	2.0	1.5	1100	$995	$0.90	19d	1	0.74mi
8234 Keel Ave Baton Rouge, LA	3.0	2.0	1000	$1,000	$1.00	43d	1	0.77mi
8727 Granite Dr Unit 8727-C Baton Rouge, LA	2.0	1.5	1100	$940	$0.85	19d	1	0.77mi
8246 Ned Ave Apt C Baton Rouge, LA	2.0	2.0	990	$750	$0.76	23d	1	0.78mi
9149 Ridge Pecan Dr Unit 9149B Gardere, LA	1.0	1.0	1000	$875	$0.88	23d	1	0.79mi
9048 GSRI Ave Unit A Baton Rouge, LA	2.0	2.0	875	$900	$1.03	43d	1	0.82mi
1658 Starboard Dr Unit 1658-C Baton Rouge, LA	2.0	1.5	1100	$850	$0.77	14d	1	0.82mi
8215 Skysail Ave Baton Rouge, LA	2.0	2.0	1000	$750	$0.75	23d	1	0.83mi
9058 GSRI Ave Unit D Baton Rouge, LA	3.0	2.0	875	$1,100	$1.26	43d	1	0.83mi
1648 Starboard Dr Apt C Baton Rouge, LA	2.0	1.0	980	$850	$0.87	43d	1	0.84mi
8225 Ned Ave Unit 8225-C Baton Rouge, LA	2.0	2.0	970	$950	$0.98	44d	1	0.84mi
1707 Port Dr Unit D Baton Rouge, LA	2.0	2.0	875	$950	$1.09	43d	1	0.91mi
8121 Ned Ave Apt 7 Baton Rouge, LA	1.0	1.0	650	$650	$1.00	43d	1	0.92mi
10231 Bluebonnet Blvd Baton Rouge, LA	1.0–3.0	1.0–2.0	988	$1,801	$1.82	14d	21	0.98mi
8336 Bayou Fountain Ave Unit 8336-D Baton Rouge, LA	2.0	1.5	1110	$1,045	$0.94	14d	1	1.09mi
8150 Bayou Fountain Ave Unit 8150-C Baton Rouge, LA	2.0	1.5	992	$1,050	$1.06	14d	1	1.13mi
8457 Governor Dr Unit 8457-A Baton Rouge, LA	2.0	1.5	1100	$1,000	$0.91	43d	1	1.19mi
8445 Governor Dr Unit 8445-D Baton Rouge, LA	2.0	2.0	974	$945	$0.97	43d	1	1.21mi

Listing history 7 events

1. 2026-06-03
   status $120,000 Pending 12 DOM
2. 2026-06-02
   days on market $120,000 Active 12 DOM
3. 2026-06-01
   days on market $120,000 Active 11 DOM
4. 2026-05-31
   days on market $120,000 Active 10 DOM
5. 2026-05-31
   days on market $120,000 Active 9 DOM
6. 2026-05-21
   listed $120,000 Active

   Show marketing remark (558 chars)

   Calling All Investors and /or buyers looking for a 2-bedroom 1.5 bath home in a great location that gives you access to shopping, food and fun, combined with a break from the rush of the area. This home is not only appealing to the eye, but it offers many added structural bonuses like a 100% metal frame construction to the international commercial building code standards, spray foam high density open insulation, high efficiency carried air conditioner and heater, architectural shingle roof and more. Did Not Flood & Does Not Require Flood Insurance.

7. 2026-05-21
   listed $120,000 Active 558-char remark

   Show marketing remark (558 chars)

   Calling All Investors and /or buyers looking for a 2-bedroom 1.5 bath home in a great location that gives you access to shopping, food and fun, combined with a break from the rush of the area. This home is not only appealing to the eye, but it offers many added structural bonuses like a 100% metal frame construction to the international commercial building code standards, spray foam high density open insulation, high efficiency carried air conditioner and heater, architectural shingle roof and more. Did Not Flood & Does Not Require Flood Insurance.

ⓘ 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: $1,288 · $107/mo
• Projected year-2 tax: $1,288 · $107/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 7/10 Severe FEMA zone X · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,032
• − Mortgage interest: −$6,722
• − Property taxes: −$1,288
• − Insurance: −$1,398
• − Repairs & maintenance: −$1,043
• − Management: −$1,043
• − Depreciation: −$3,491
• Taxable loss: −$1,951
• Est. tax savings @ 24.0%: +$468
• After-tax cash flow: $527/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Gardere

• Score: 64/100
• State rank: #167
• US rank: #14008

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gardere, LA
• County: East Baton Rouge Parish · 399,686 people
• Metro: Baton Rouge, LA
• Population (ZIP): 42,659
• Household income: $92,098
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1106.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 55% Black 29% Hispanic / Latino 7% Two or more races 6% Asian 6%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 11% Slovak 2% Scottish 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 4% Other Indo-European 2% Chinese 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -117.55%
• Current HPI: 172.7593
• Rent YoY: ▲ 0.68%
• Metro: Baton Rouge, 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

+0.0% since first listed

2 events — show timeline

• 2026-05-21 Listed $120,000 AcadianaMLS
• 2026-05-21 Listed $120,000 GBRMLS

Property tax history

+4.6%/yr

Latest (2025): $1,288 · -0.4% YoY. Source: county tax records.