4204 Parkridge Dr · Benton, LA 71006

$269,000

3 bd · 2.0 ba · 1,563 sqft · SingleFamily public records · 39 Days on market

Built 2005 10,454 sqft lot $172/sqft · 13% below area Est $322k · 16% under

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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).

• ARV discount +14.9/15.0
• Cash flow +13.9/30.0
• DSCR +4.2/10.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful home located in the highly sought-after Benton school district and nestled in the desirable Palmetto Park subdivision. This property offers an inviting layout with spacious living areas, abundant natural light, and the comfortable flow buyers look for in Benton, LA homes for sale. The kitchen features ample storage and workspace, while the bedrooms provide generous room for family, guests, or a home office. The Primary Bathroom has been completely updated with new flooring, paint and a new shower. The secondary bathroom has been updated with new flooring and paint. All bedrooms have been recently refreshed with paint. Nest smart home thermostat, built in surrounds sound in living room, built in security system, accent upper lighting in primary bathroom. The outdoor space includes a well-maintained yard with room to relax under the new pergola, entertain, or garden — a rare find in this part of North Bossier Parish. Whether you’re searching for a move-in-ready home, a quiet neighborhood, or convenient access to Benton schools, shopping, and dining, this property checks all the boxes. Homes in Parkridge rarely come available, making this an excellent opportunity for buyers seeking a well-kept property in a prime Benton location. All information is believed to be accurate but should be verified by Buyer prior to closing.

Key facts

• Ample storage
• 0.24 acre lot
• 2 garage spots

Tags

• BENTON SCHOOL DISTRICT
• PALMETTO PARK SUBDIVISION
• AMPLE STORAGE
• UPDATED PRIMARY BATHROOM
• UPDATED SECONDARY BATHROOM
• BUILT IN SURROUND SOUND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $30 ($360/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 $217k (19.3% below list).
• Recommended offer: $217k (19.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.4% in Benton — 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 72/100 on livability (#41 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A; Watch: amenities F, commute F, health & safety F.
• Bossier Parish (urban): math 40% / reading 47% proficiency, ranked #17 of 98 in LA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 201 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 716 units permitted in Bossier Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bossier County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• Climate carrying-cost: major wind risk, 62% 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 $217,167 (19.3% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
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. 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: 0.81% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.48%
• DSCR: 1.02
• GRM: 10.3

CMA / ARV

• ARV (median comp): $321,757
• List price: $269,000
• Delta: -16.40%
• 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
3909 Le Brooke Ln	0.25mi	3/2.0	1,662 (+6%)	2mo	$274,900	$165	76
175 Jamestowne Blvd	0.18mi	3/2.0	1,667 (+7%)	9mo	$318,350	$191	73
159 Jamestowne Blvd	0.18mi	3/2.0	1,717 (+10%)	4mo	$299,999	$175	72
107 S Parkridge Dr	0.40mi	3/2.0	1,631 (+4%)	4mo	$215,000	$132	71
210 Sherwood Dr	0.29mi	3/2.0	1,659 (+6%)	8mo	$275,000	$166	69
4021 Elizabeth Ln	0.17mi	4/2.0 (+1)	1,726 (+10%)	2mo	$279,000	$162	68
400 Halifax Cir	0.18mi	3/2.0	1,760 (+13%)	7mo	$369,000	$210	64
321 Newport Ln	0.27mi	3/2.0	1,773 (+13%)	2mo	$345,000	$195	64
307 Newport Ln	0.28mi	3/2.0	1,771 (+13%)	2mo	$314,900	$178	63
300 Ansley Cir	0.23mi	4/2.0 (+1)	1,789 (+14%)	1mo	$340,000	$190	59
4618 Palmetto Rd	0.45mi	3/2.0	1,740 (+11%)	2mo	$259,000	$149	59
216 Roanoke Cir	0.40mi	3/2.0	1,752 (+12%)	6mo	$349,999	$200	56

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.45×
• Total profit: $-41,752
• Equity at exit: $40,109

10-year hold

• IRR: -7.2%
• Equity multiple: 0.55×
• Total profit: $-34,195
• Equity at exit: $23,258

Cash invested: $75,320 (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 71006

• Home prices YoY: -30.4%
• Active inventory: 201
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$163 /mo · $1,954/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $30

Break-even live

Break-even rent $2,134

Max offer price $269,000

Occupancy floor 94%

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4113 Courtland Way Benton, LA	4.0	2.0	1797	$2,200	$1.22	13d	1	0.18mi
4425 Ellis Ct Benton, LA	3.0	2.0	1851	$2,100	$1.13	44d	1	0.26mi
90 Kingston Xing Bossier City, LA	1.0–3.0	1.0–2.0	1150	$2,015	$1.75	13d	14	1.34mi
303 Plum Orchard Ln Benton, LA	4.0	3.0	2073	$2,600	$1.25	21d	1	1.43mi
3348 Grand Lake Dr Bossier City, LA	3.0	2.0	1800	$2,100	$1.17	21d	1	1.48mi

Listing history 10 events

1. 2026-05-30
   status $269,000 Pending 39 DOM
2. 2026-04-20
   listed $269,000 Active 1367-char remark

   Show marketing remark (1367 chars)

   Beautiful home located in the highly sought-after Benton school district and nestled in the desirable Palmetto Park subdivision. This property offers an inviting layout with spacious living areas, abundant natural light, and the comfortable flow buyers look for in Benton, LA homes for sale. The kitchen features ample storage and workspace, while the bedrooms provide generous room for family, guests, or a home office. The Primary Bathroom has been completely updated with new flooring, paint and a new shower. The secondary bathroom has been updated with new flooring and paint. All bedrooms have been recently refreshed with paint. Nest smart home thermostat, built in surrounds sound in living room, built in security system, accent upper lighting in primary bathroom. The outdoor space includes a well-maintained yard with room to relax under the new pergola, entertain, or garden — a rare find in this part of North Bossier Parish. Whether you’re searching for a move-in-ready home, a quiet neighborhood, or convenient access to Benton schools, shopping, and dining, this property checks all the boxes. Homes in Parkridge rarely come available, making this an excellent opportunity for buyers seeking a well-kept property in a prime Benton location. All information is believed to be accurate but should be verified by Buyer prior to closing.

3. 2022-08-09
   soldstatus $245,000
4. 2022-06-23
   soldstatus Closed 332-char remark

   Show marketing remark (332 chars)

   Looking for a beautiful home in Benton? Look no further! This fabulous home is updated, featuring 3 beds, 2 baths, new flooring, beautiful kitchen, and large Master suite! Fenced in yard in a fabulous neighborhood? This one is going to be hard to beat! Don't miss your shot at this amazing property! Book your private showing today!

5. 2022-05-06
   status Pending 332-char remark

   Show marketing remark (332 chars)

   Looking for a beautiful home in Benton? Look no further! This fabulous home is updated, featuring 3 beds, 2 baths, new flooring, beautiful kitchen, and large Master suite! Fenced in yard in a fabulous neighborhood? This one is going to be hard to beat! Don't miss your shot at this amazing property! Book your private showing today!

6. 2022-04-29
   listed $249,000 Active 332-char remark

   Show marketing remark (332 chars)

   Looking for a beautiful home in Benton? Look no further! This fabulous home is updated, featuring 3 beds, 2 baths, new flooring, beautiful kitchen, and large Master suite! Fenced in yard in a fabulous neighborhood? This one is going to be hard to beat! Don't miss your shot at this amazing property! Book your private showing today!

7. 2018-10-29
   soldstatus $196,500
8. 2007-10-22
   soldstatus $172,000
9. 2005-11-02
   soldstatus $165,000
10. 2005-04-21
    soldstatus $39,400

ⓘ 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: $1,954 · $163/mo
• Projected year-2 tax: $1,954 · $163/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% 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: $26,060
• − Mortgage interest: −$15,068
• − Property taxes: −$1,954
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − Depreciation: −$7,825
• Taxable loss: −$4,302
• Est. tax savings @ 24.0%: +$1,033
• After-tax cash flow: $1,393/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: Bossier Parish
• NCES district ID: 2200270
• Math proficiency: 40% ▼ -32.00%
• Reading proficiency: 47% ▼ -28.00%
• Median HH income: $51,326
• Composite: 37.5/100
• National rank: #4402
• State rank: #17 of 98 in LA

Livability — Benton

• Score: 72/100
• State rank: #41
• US rank: #6159

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 15,341

Population outlook (Bossier County) Hauer SSP2

• Today (2025): 143,247 people
• By 2030: 151,802 · +6.0%
• By 2040: 168,194 · +17.4%
• By 2050: 183,533 · +28.1%
• By 2075: 217,009 · +51.5%
• By 2100: 230,091 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 11% Black 9% Hispanic / Latino 3%
• Common ancestry: Italian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 1% · Vietnam, Canada
• Languages at home: 98% English-only · Spanish 1% Vietnamese 1%

Political lean MEDSL · Bossier

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.3%
• 2008→2024 swing: +0.3pp no change · 2008: -43.7pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.0 2016: R+45.8 2012: R+45.4 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.62%
• Current HPI: 166.3435
• Rent YoY: —
• Metro: —
• 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

+582.7% since first listed

9 events — show timeline

• 2026-04-20 Listed $269,000 NTREIS
• 2022-08-09 Sold (Public Records) $245,000 Public Records
• 2022-06-23 Sold (MLS) — NTREIS
• 2022-05-06 Pending — NTREIS
• 2022-04-29 Listed $249,000 NTREIS
• 2018-10-29 Sold (Public Records) $196,500 Public Records
• 2007-10-22 Sold (Public Records) $172,000 Public Records
• 2005-11-02 Sold (Public Records) $165,000 Public Records
• 2005-04-21 Sold (Public Records) $39,400 Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,954 · -1.0% YoY. Source: county tax records.