1310-1314 Daspit St #9 · Houma, LA 70360

$399,000

6 bd · 3.0 ba · 5,393 sqft · MultiFamily · 548 Days on market

0.37 ac lot $74/sqft · 15% below area Est $467k · 15% under ↓ 8% since listing

---

Why this score? — see what drove the C 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 +20.5/30.0
• ARV discount +14.1/15.0
• DSCR +6.5/10.0
• 1% rule +5.4/10.0
• Schools +3.3/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A&B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A&B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

Key facts

• Central heat air
• Monthly pest control
• 0.37 acre lot

Tags

• CENTRAL HEAT AIR
• MONTHLY PEST CONTROL

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/?-bath units multifamily listed at $399k.

Deal economics

• At list price, monthly cash flow is $98 ($1k/yr) — positive. Per door: $33/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $399k).
• Recommended offer: $351k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 4.0% in Houma — 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 (#165 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D, crime D-, amenities F.
• Terrebonne Parish (other): math 32% / reading 46% proficiency, ranked #23 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.8%/yr); 355 active listings in the ZIP; solid renter incomes; 300 units permitted in Terrebonne Parish in 2024 (0 in 5+ unit buildings).
• At $4,154/mo this rent would consume 59% of the median local household income ($85k/yr) (locally 811% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 548 days — a 12% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $36k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $351,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 548 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 7.87%
• Cash-on-cash: 5.63%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

• ARV (median comp): $467,344
• List price: $399,000
• Delta: -14.62%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.47×
• Total profit: $-58,858
• Equity at exit: $59,492

10-year hold

• IRR: -6.3%
• Equity multiple: 0.60×
• Total profit: $-44,989
• Equity at exit: $34,498

Cash invested: $111,720 (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 70360

• Rents YoY: 2.8%
• Active inventory: 355
• Price-to-rent: 24.0×

Monthly cashflow live

• Estimated rent: $4,154 medium
• Mortgage (P&I): −$2,092
• Tax est. 1.5%: −$499 /mo · $5,985/yr
• Insurance: −$166
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$872
• Net cashflow: $98

Break-even live

Break-even rent $4,030

Max offer price $399,000

Occupancy floor 93%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	—	$4,155
Total (3 units)			$4,154

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: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $399,000 Active 548 DOM
2. 2026-06-18
   days on market $399,000 Active 547 DOM
3. 2026-06-17
   days on market $399,000 Active 546 DOM
4. 2026-06-16
   days on market $399,000 Active 545 DOM
5. 2026-06-15
   days on market $399,000 Active 544 DOM
6. 2026-06-14
   days on market $399,000 Active 542 DOM
7. 2026-06-13
   days on market $399,000 Active 541 DOM
8. 2026-06-10
   days on market $399,000 Active 539 DOM
9. 2026-06-09
   days on market $399,000 Active 538 DOM
10. 2026-06-08
    days on market $399,000 Active 537 DOM
11. 2026-06-07
    days on market $399,000 Active 536 DOM
12. 2026-06-05
    days on market $399,000 Active 533 DOM
13. 2026-06-03
    days on market $399,000 Active 532 DOM
14. 2026-06-02
    days on market $399,000 Active 531 DOM
15. 2026-06-01
    days on market $399,000 Active 530 DOM
16. 2026-05-31
    days on market $399,000 Active 529 DOM
17. 2026-05-30
    days on market $399,000 Active 528 DOM
18. 2025-12-16
    price $399,000 597-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

19. 2025-12-16
    price $399,000 601-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

20. 2025-06-11
    price $425,000 597-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

21. 2025-06-11
    price $425,000 601-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

22. 2024-12-17
    listed $435,000 Active 597-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

23. 2024-12-17
    listed $435,000 Active 601-char remark

    Show marketing remark (601 chars)

    Total Gross rent as of 12/01/25 is $5425.00 per month. Nine rentals (two 2br/1ba and seven 1br/1ba units). All rents include lawn service and monthly pest control. They have been managed since 1995 by Listing Office/Agent. 1310 is a 2BR-1BA house. 1310 1/2 A & B are 1BR/1BA apartments. 1312 is a duplex-one 2BR/1BA, one 1BR/1BA apartment-Owners pay all utilities on it. 1314 is a four plex with all 1BR/1BA units. Owner does not furnish any utilities on 1310, 1310 1/2 A & B or 1314. Stoves and refrigerators furnished. House has central heat/air; all other units have window heat cool units.

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,848
• − Mortgage interest: −$22,350
• − Property taxes: −$5,985
• − Insurance: −$7,114
• − Repairs & maintenance: −$3,988
• − Management: −$3,988
• − Depreciation: −$11,607
• Taxable loss: −$5,184
• Est. tax savings @ 24.0%: +$1,244
• After-tax cash flow: $2,417/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: Terrebonne Parish
• NCES district ID: 2201740
• Math proficiency: 32% ▼ -36.00%
• Reading proficiency: 46% ▼ -30.00%
• Median HH income: $47,612
• Composite: 33.38/100
• National rank: #5480
• State rank: #23 of 98 in LA

Livability — Houma

• Score: 64/100
• State rank: #165
• US rank: #13966

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: Houma, LA
• County: Terrebonne Parish · 57,290 people
• City population: 57,290
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 28,574
• Household income: $84,890
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 811.0

Population outlook (Terrebonne County) Hauer SSP2

• Today (2025): 118,724 people
• By 2030: 120,321 · +1.3%
• By 2040: 121,894 · +2.7%
• By 2050: 121,119 · +2.0%
• By 2075: 117,270 · -1.2%
• By 2100: 107,544 · -9.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 6% Hispanic / Latino 6% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 24% Armenian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 3% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Terrebonne

• 2024 margin: Solid R (+51.8) · D 23.5% · R 75.3% · Other 1.2%
• 2008→2024 swing: -11.0pp toward R · 2008: -40.9pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+50.0 2016: R+48.4 2012: R+41.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.43%
• Current HPI: 138.5984
• Rent YoY: ▲ 2.82%
• Metro: Houma-Thibodaux, 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

-8.3% since first listed

6 events — show timeline

• 2025-12-16 Price Changed $399,000 AcadianaMLS
• 2025-12-16 Price Changed $399,000 GBRMLS
• 2025-06-11 Price Changed $425,000 AcadianaMLS
• 2025-06-11 Price Changed $425,000 GBRMLS
• 2024-12-17 Listed $435,000 GBRMLS
• 2024-12-17 Listed $435,000 AcadianaMLS