24516 Larry Dr · Walker, LA 70726

$99,000

2 bd · 2.0 ba · 1,927 sqft · SingleFamily · 36 Days on market

Built 1975 0.66 ac lot $51/sqft · 57% below area ↓ 50% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity in the heart of Walker! This charming 2-bedroom home offers great potential for anyone looking to expand their investment portfolio or purchase an affordable property with income-producing possibilities. Conveniently located with easy access to local shopping, dining, and schools, this property could make an excellent rental or starter home. Inside, you'll find a functional layout with comfortable living spaces and plenty of opportunity to make it your own. Whether you're a seasoned investor or just getting started, this property offers strong potential, with estimated rental income ranging from $1,200 to $1,400 per month. Don't miss the chance to add this promising property to your portfolio. Schedule your private showing today!

Key facts

• 0.66 acre lot
• Built 1975
• Listed 36 days

Property features AI

Finance

• Other: Located in the West Colyell Acres subdivision

Exterior

• Parking: Open parking
• Utilities: Public water
• Home design: Single-family detached home; Single story
• Construction: Wood siding; Frame construction
• Exterior features: Porch; Level topography

Interior

• Kitchen: Oven; Range; Electric cooktop; Dishwasher; Double oven; Range hood
• Flooring: Tile; Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Oven; Range; Electric cooktop; Dishwasher; Double oven; Range hood
• Laundry & utility: Washer hookup inside; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $99,000 price doesn't fit this home's estimated sale value (~$232,007) 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/2.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 4.8% in Walker — 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 75/100 on livability (#19 in LA, #3,999 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities D-, commute F.
• Livingston Parish (suburban): math 40% / reading 52% proficiency, ranked #13 of 98 in LA (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.8%/yr); 976 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.8% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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.

Recommended offer $96,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 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 1975 — 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 A-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?
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: 1.52% ✓
• Cap rate: 12.39%
• Cash-on-cash: 21.76%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (median comp): $232,007
• List price: $99,000
• Delta: -57.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24371 Walker South Rd	0.35mi	3/2.5 (+1)	1,803 (-6%)	1mo	$330,000	$183	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 · 3.83% rent growth · sell at horizon

5-year hold

• IRR: 15.4%
• Equity multiple: 1.62×
• Total profit: $17,264
• Equity at exit: $14,761

10-year hold

• IRR: 24.6%
• Equity multiple: 3.22×
• Total profit: $61,635
• Equity at exit: $8,560

Cash invested: $27,720 (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 70726

• Rents YoY: 3.8%
• Active inventory: 976
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,502 medium
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $503

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 62%

Sensitivity live

Price	-10% $571	-5% $537	+0% $503	+5% $469	+10% $434
Rent	-10% $384	-5% $443	+0% $503	+5% $562	+10% $621
Rate	-1.0pp $553	-0.5pp $528	base $503	+0.5pp $477	+1.0pp $451

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13783 Fig Dr Denham Springs, LA	3.0	2.0	1613	$1,900	$1.18	24d	1	1.34mi

Listing history 20 events

1. 2026-06-18
   days on market $99,000 Active 36 DOM
2. 2026-06-17
   days on market $99,000 Active 35 DOM
3. 2026-06-16
   days on market $99,000 Active 34 DOM
4. 2026-06-15
   days on market $99,000 Active 33 DOM
5. 2026-06-14
   days on market $99,000 Active 31 DOM
6. 2026-06-13
   days on market $99,000 Active 30 DOM
7. 2026-06-10
   days on market $99,000 Active 28 DOM
8. 2026-06-09
   days on market $99,000 Active 27 DOM
9. 2026-06-08
   days on market $99,000 Active 26 DOM
10. 2026-06-07
    days on market $99,000 Active 25 DOM
11. 2026-06-03
    days on market $99,000 Active 21 DOM
12. 2026-06-02
    days on market $99,000 Active 20 DOM
13. 2026-06-01
    days on market $99,000 Active 19 DOM
14. 2026-05-31
    days on market $99,000 Active 18 DOM
15. 2026-05-31
    days on market $99,000 Active 17 DOM
16. 2026-05-13
    listed $99,000 Active 760-char remark

    Show marketing remark (760 chars)

    Investor opportunity in the heart of Walker! This charming 2-bedroom home offers great potential for anyone looking to expand their investment portfolio or purchase an affordable property with income-producing possibilities. Conveniently located with easy access to local shopping, dining, and schools, this property could make an excellent rental or starter home. Inside, you'll find a functional layout with comfortable living spaces and plenty of opportunity to make it your own. Whether you're a seasoned investor or just getting started, this property offers strong potential, with estimated rental income ranging from $1,200 to $1,400 per month. Don't miss the chance to add this promising property to your portfolio. Schedule your private showing today!

17. 2026-05-13
    listed $99,000 Active 778-char remark

    Show marketing remark (760 chars)

    Investor opportunity in the heart of Walker! This charming 2-bedroom home offers great potential for anyone looking to expand their investment portfolio or purchase an affordable property with income-producing possibilities. Conveniently located with easy access to local shopping, dining, and schools, this property could make an excellent rental or starter home. Inside, you'll find a functional layout with comfortable living spaces and plenty of opportunity to make it your own. Whether you're a seasoned investor or just getting started, this property offers strong potential, with estimated rental income ranging from $1,200 to $1,400 per month. Don't miss the chance to add this promising property to your portfolio. Schedule your private showing today!

18. 2016-10-01
    historical
19. 2016-04-06
    listed $200,000 Active
20. 2016-03-31
    listed $200,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $18,029
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,442
• − Management: −$1,442
• − Depreciation: −$2,880
• Taxable income: $4,739
• Est. tax owed @ 24.0%: −$1,137
• After-tax cash flow: $4,895/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: Livingston Parish
• NCES district ID: 2201020
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 52% ▼ -32.00%
• Median HH income: $56,755
• Composite: 40.07/100
• National rank: #3811
• State rank: #13 of 98 in LA

Livability — Walker

• Score: 75/100
• State rank: #19
• US rank: #3999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Livingston Parish · 87,496 people
• City population: 23,921
• Metro: Baton Rouge, LA
• Population (ZIP): 63,575
• Household income: $78,621
• Rent vs Own: 27.0% rent · 73.0% own
• Severe rent burden: 1211.0

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 158,511 people
• By 2030: 168,241 · +6.1%
• By 2040: 186,252 · +17.5%
• By 2050: 201,516 · +27.1%
• By 2075: 231,217 · +45.9%
• By 2100: 241,697 · +52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Serbian 1% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+68.5) · D 15.1% · R 83.6% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -71.9pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+70.0 2016: R+72.5 2012: R+70.4 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.37%
• Current HPI: 170.2207
• Rent YoY: ▲ 3.83%
• 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

-50.5% since first listed

5 events — show timeline

• 2026-05-13 Listed $99,000 GBRMLS
• 2026-05-13 Listed $99,000 AcadianaMLS
• 2016-10-01 Delisted — GBRMLS
• 2016-04-06 Listed $200,000 GBRMLS
• 2016-03-31 Listed $200,000 AcadianaMLS