29437 Burns Ln · Walker, LA 70785

$112,000

3 bd · 2.0 ba · 1,207 sqft · Manufactured · 29 Days on market

Built 2000 0.45 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A great home, near great schools, and a great price; all of this and so much more. Do not miss this one-owner, well-kept home in a quiet neighborhood! Literally down the street from Walker High School. One minute to Hwy 190, via Burns Lane, a well-maintained asphalt street. Quick access to dining, entertainment, and shopping! Several minutes to Juban Road or Hwy 447, so I-12 nearby from either direction, making it a quick commute to Hammond or Baton Rouge. This 3 bedroom 2 bath home is move-in ready. Nice, split floor plan two bedrooms on one end, main on the other. Main bedroom is very large, has a walk-in closet, en-suite bath with a soaker tub and a shower! Kitchen has plenty of storage and counter space. Refrigerator remains. Carport area has a nice, covered patio with ceiling fans. Shop/storage building has electricity. All this home needs is for you to turn the key and move in! Why pay rent when you can own your home and have a .45 acre yard you can play and plant in until your heart is content! Did not flood in 2016.

Key facts

• Near great schools
• Quiet neighborhood
• 0.45 acre lot

Tags

• QUIET NEIGHBORHOOD
• NEAR GREAT SCHOOLS
• WELL MAINTAINED ASPHALT STREET
• QUICK ACCESS TO DINING
• QUICK ACCESS TO ENTERTAINMENT
• QUICK ACCESS TO SHOPPING

Property features AI

Exterior

• Parking: Carport; Concrete parking surface
• Utilities: Cable connected
• Home design: Manufactured home; Residential property; Model: Sunshine Bw-819
• Construction: Vinyl siding; Shingle roof
• Exterior features: Covered deck, patio and porch; Shed(s)

Interior

• Kitchen: Range; Oven; Dishwasher
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Vaulted ceilings; Walk-in closets; Crown molding; Window treatments
• Laundry & utility: Washer hookup inside; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $112k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $112k).
• Recommended offer: $110k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.3% 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: 253 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $774 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.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 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 $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $110,320 (1.5% 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. 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?
4. 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?
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: 1.38% ✓
• Cap rate: 12.26%
• Cash-on-cash: 21.33%
• DSCR: 1.95
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-9,601
• Equity at exit: $16,700

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $3,256
• Equity at exit: $9,684

Cash invested: $31,360 (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 70785

• Home prices YoY: -34.0%
• Active inventory: 253
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$587
• Tax from tax record: −$33 /mo · $400/yr
• Insurance: −$47
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $131

Break-even live

Break-even rent $1,385

Max offer price $112,000

Occupancy floor 87%

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30024 King St Unit D Walker, LA	2.0	2.0	977	$1,400	$1.43	44d	1	0.48mi
30184 Smith Dr Walker, LA	2.0	2.0	900	$1,200	$1.33	44d	1	0.70mi
13080 Burgess Ave #8 Walker, LA	2.0	1.5	1088	$1,300	$1.19	44d	1	0.73mi
30100 Walker Rd N Walker, LA	1.0–3.0	1.0–2.0	1019	$1,753	$1.72	14d	15	1.12mi

Listing history 17 events

1. 2026-06-18
   days on market $112,000 Active 29 DOM
2. 2026-06-17
   days on market $112,000 Active 28 DOM
3. 2026-06-16
   days on market $112,000 Active 27 DOM
4. 2026-06-15
   days on market $112,000 Active 26 DOM
5. 2026-06-14
   days on market $112,000 Active 24 DOM
6. 2026-06-13
   days on market $112,000 Active 23 DOM
7. 2026-06-10
   days on market $112,000 Active 21 DOM
8. 2026-06-09
   days on market $112,000 Active 20 DOM
9. 2026-06-08
   days on market $112,000 Active 19 DOM
10. 2026-06-07
    days on market $112,000 Active 18 DOM
11. 2026-06-03
    days on market $112,000 Active 14 DOM
12. 2026-06-02
    days on market $112,000 Active 13 DOM
13. 2026-06-01
    days on market $112,000 Active 12 DOM
14. 2026-05-31
    days on market $112,000 Active 11 DOM
15. 2026-05-31
    days on market $112,000 Active 10 DOM
16. 2026-05-19
    listed $112,000 Active

    Show marketing remark (1039 chars)

    A great home, near great schools, and a great price; all of this and so much more. Do not miss this one-owner, well-kept home in a quiet neighborhood! Literally down the street from Walker High School. One minute to Hwy 190, via Burns Lane, a well-maintained asphalt street. Quick access to dining, entertainment, and shopping! Several minutes to Juban Road or Hwy 447, so I-12 nearby from either direction, making it a quick commute to Hammond or Baton Rouge. This 3 bedroom 2 bath home is move-in ready. Nice, split floor plan two bedrooms on one end, main on the other. Main bedroom is very large, has a walk-in closet, en-suite bath with a soaker tub and a shower! Kitchen has plenty of storage and counter space. Refrigerator remains. Carport area has a nice, covered patio with ceiling fans. Shop/storage building has electricity. All this home needs is for you to turn the key and move in! Why pay rent when you can own your home and have a .45 acre yard you can play and plant in until your heart is content! Did not flood in 2016.

17. 2026-05-19
    listed $112,000 Active 1039-char remark

    Show marketing remark (1039 chars)

    A great home, near great schools, and a great price; all of this and so much more. Do not miss this one-owner, well-kept home in a quiet neighborhood! Literally down the street from Walker High School. One minute to Hwy 190, via Burns Lane, a well-maintained asphalt street. Quick access to dining, entertainment, and shopping! Several minutes to Juban Road or Hwy 447, so I-12 nearby from either direction, making it a quick commute to Hammond or Baton Rouge. This 3 bedroom 2 bath home is move-in ready. Nice, split floor plan two bedrooms on one end, main on the other. Main bedroom is very large, has a walk-in closet, en-suite bath with a soaker tub and a shower! Kitchen has plenty of storage and counter space. Refrigerator remains. Carport area has a nice, covered patio with ceiling fans. Shop/storage building has electricity. All this home needs is for you to turn the key and move in! Why pay rent when you can own your home and have a .45 acre yard you can play and plant in until your heart is content! Did not flood in 2016.

ⓘ 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: $400 · $33/mo
• Projected year-2 tax: $616 · $51/mo
• Expected delta: +$216/yr (+$18/mo · 54.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone AE · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,602
• − Mortgage interest: −$6,274
• − Property taxes: −$400
• − Insurance: −$5,678
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$3,258
• Taxable income: $15
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $1,565/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

• Census place: Walker, LA
• County: Livingston Parish · 87,496 people
• City population: 23,921
• Metro: Baton Rouge, LA
• Population (ZIP): 23,921
• Household income: $89,103
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 343.0

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 (88%)
• Race & ethnicity: White 88% Black 6% Two or more races 4% Asian 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 10% Italian 2% Slovak 2%
• Foreign-born: 2% · Canada, China, Vietnam
• Languages at home: 97% English-only · Chinese 1% Spanish 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: ▼ -84.92%
• Current HPI: 164.6373
• Rent YoY: —
• 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

• 2026-05-19 Listed $112,000 AcadianaMLS
• 2026-05-19 Listed $112,000 GBRMLS

Property tax history

-1.3%/yr

Latest (2024): $400 · -10.8% YoY. Source: county tax records.