36240 Belle Parc Ave · Prairieville, LA 70734

$358,655

3 bd · 2.0 ba · 1,759 sqft · Other · 130 Days on market

Built 2026 7,405 sqft lot $204/sqft · 14% below area Est $419k · 14% under $60/mo HOA · 2% of rent

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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 +18.3/30.0
• ARV discount +13.9/15.0
• DSCR +5.7/10.0
• Schools +4.7/10.0
• 1% rule +3.9/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Parker A Floor Plan underway in the final phase of Belle Savanne! Parker A by Level Homes is a thoughtfully designed 1,759 sq. ft. home featuring three bedrooms, two baths, and an open-concept layout that maximizes space and functionality. The living room and kitchen flow seamlessly together, and the dining room is set off the kitchen and is separated by an exposed beam. The stunning kitchen features custom painted cabinetry with 5” hardware pulls, 3 cm Carrara Blanco quartz countertops with a white craft gloss subway tile backsplash, spacious center island with sink and over hanging pendant lighting, stainless steel appliances including a gas cooktop, separate wall oven and a built-in microwave and a walk-in corner pantry. The living room is spacious and provides access to the covered rear porch, perfect for outdoor enjoyment. The primary suite is tucked away at the back of the home for privacy, featuring a large bedroom, ensuite bath with dual vanities with quartz countertops and custom framed mirrors, a soaking tub, a separate job built tiled shower with a seamless glass enclosure, and a walk-in closet. The secondary bedrooms are located on the opposite side of the home and share a full bath. The mud room / laundry room is located off the garage entry and has room for an “optional” mud bench, desk & /or additional laundry cabinet options. The yard will be professionally landscaped and fully sodded. Estimated completion date of June 2026, buyers can pick/approve certain colors and options for a limited period of time. Belle Savanne is a walkable neighborhood with scenic lakes, green space, and a resort-style pool with cabana. Other homesites and floor plans available. * The completed pictures are not of the actual home but are of the same floorplan; colors and options may vary.

Key facts

• Open-concept layout
• Covered rear porch
• 7,405 sq ft lot

Tags

• OPEN-CONCEPT LAYOUT
• CUSTOM PAINTED CABINETRY
• SPACIOUS CENTER ISLAND
• STAINLESS STEEL APPLIANCES
• WALK-IN CORNER PANTRY
• COVERED REAR PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $359k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/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 $319k (11.1% below list).
• Recommended offer: $316k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.3% in Prairieville — 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 69/100 on livability (#70 in LA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: amenities F, commute F, health & safety F.
• Ascension Parish (suburban): math 48% / reading 58% proficiency, ranked #7 of 98 in LA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Spanish Lake Primary School (math 62% / reading 62%, grade B, #50 of 646 statewide, top 9%, 540 students, 41% FRL); Dutchtown Middle School (math 56% / reading 70%, grade B+, #10 of 218 statewide, top 5%, 657 students, 36% FRL); Dutchtown High School (math 70% / reading 68%, grade B, #9 of 265 statewide, top 3%, 2,643 students, 30% FRL).
• Market conditions: 139 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 579 units permitted in Ascension 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 $11k of value loss. Plan a longer hold.
• Ascension County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($316k) 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.

Recommended offer $315,616 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.89% ✗
• Cap rate: 7.39%
• Cash-on-cash: 3.92%
• DSCR: 1.17
• GRM: 9.4

CMA / ARV

• ARV (median comp): $418,519
• List price: $358,655
• Delta: -14.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-37,367
• Equity at exit: $53,477

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-6,177
• Equity at exit: $31,010

Cash invested: $100,423 (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 70734

• Home prices YoY: -21.6%
• Active inventory: 139
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,188 medium
• Mortgage (P&I): −$1,881
• Tax from tax record: −$101 /mo · $1,209/yr
• Insurance: −$149
• HOA: −$60
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $328

Break-even live

Break-even rent $2,773

Max offer price $358,655

Occupancy floor 85%

Sensitivity live

Price	-10% $531	-5% $429	+0% $328	+5% $226	+10% $125
Rent	-10% $76	-5% $202	+0% $328	+5% $454	+10% $580
Rate	-1.0pp $508	-0.5pp $419	base $328	+0.5pp $235	+1.0pp $140

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: $89,664
• Closing costs: $10,760
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37313 Mindy Way Ave Prairieville, LA	4.0	3.0	2517	$4,050	$1.61	45d	1	1.30mi
37393 Preserve Trl Gonzales, LA	3.0	2.5	1956	$2,500	$1.28	15d	2	1.34mi

HOA detail

• Monthly dues: $60 · $720/yr
• Likely covers: gaspool

Listing history 18 events

1. 2026-06-21
   days on market $358,655 Active 130 DOM
2. 2026-06-18
   days on market $358,655 Active 127 DOM
3. 2026-06-17
   days on market $358,655 Active 126 DOM
4. 2026-06-16
   days on market $358,655 Active 125 DOM
5. 2026-06-15
   days on market $358,655 Active 124 DOM
6. 2026-06-14
   days on market $358,655 Active 122 DOM
7. 2026-06-10
   days on market $358,655 Active 119 DOM
8. 2026-06-09
   days on market $358,655 Active 118 DOM
9. 2026-06-08
   days on market $358,655 Active 117 DOM
10. 2026-06-07
    days on market $358,655 Active 116 DOM
11. 2026-06-05
    days on market $358,655 Active 113 DOM
12. 2026-06-03
    days on market $358,655 Active 112 DOM
13. 2026-06-02
    days on market $358,655 Active 111 DOM
14. 2026-06-01
    days on market $358,655 Active 110 DOM
15. 2026-05-31
    days on market $358,655 Active 109 DOM
16. 2026-05-31
    days on market $358,655 Active 108 DOM
17. 2026-02-11
    listed $358,655 Active 1840-char remark

    Show marketing remark (1831 chars)

    The Parker A Floor Plan underway in the final phase of Belle Savanne! Parker A by Level Homes is a thoughtfully designed 1,759 sq. ft. home featuring three bedrooms, two baths, and an open-concept layout that maximizes space and functionality. The living room and kitchen flow seamlessly together, and the dining room is set off the kitchen and is separated by an exposed beam. The stunning kitchen features custom painted cabinetry with 5" hardware pulls, 3 cm Carrara Blanco quartz countertops with a white craft gloss subway tile backsplash, spacious center island with sink and over hanging pendant lighting, stainless steel appliances including a gas cooktop, separate wall oven and a built-in microwave and a walk-in corner pantry. The living room is spacious and provides access to the covered rear porch, perfect for outdoor enjoyment. The primary suite is tucked away at the back of the home for privacy, featuring a large bedroom, ensuite bath with dual vanities with quartz countertops and custom framed mirrors, a soaking tub, a separate job built tiled shower with a seamless glass enclosure, and a walk-in closet. The secondary bedrooms are located on the opposite side of the home and share a full bath. The mud room / laundry room is located off the garage entry and has room for an "optional" mud bench, desk &/or additional laundry cabinet options. The yard will be professionally landscaped and fully sodded. Estimated completion date of June 2026, buyers can pick/approve certain colors and options for a limited period of time. Belle Savanne is a walkable neighborhood with scenic lakes, green space, and a resort-style pool with cabana. Other homesites and floor plans available. *The completed pictures are not of the actual home but are of the same floorplan; colors and options may vary.

18. 2026-02-11
    listed $358,655 Active 1831-char remark

    Show marketing remark (1831 chars)

    The Parker A Floor Plan underway in the final phase of Belle Savanne! Parker A by Level Homes is a thoughtfully designed 1,759 sq. ft. home featuring three bedrooms, two baths, and an open-concept layout that maximizes space and functionality. The living room and kitchen flow seamlessly together, and the dining room is set off the kitchen and is separated by an exposed beam. The stunning kitchen features custom painted cabinetry with 5" hardware pulls, 3 cm Carrara Blanco quartz countertops with a white craft gloss subway tile backsplash, spacious center island with sink and over hanging pendant lighting, stainless steel appliances including a gas cooktop, separate wall oven and a built-in microwave and a walk-in corner pantry. The living room is spacious and provides access to the covered rear porch, perfect for outdoor enjoyment. The primary suite is tucked away at the back of the home for privacy, featuring a large bedroom, ensuite bath with dual vanities with quartz countertops and custom framed mirrors, a soaking tub, a separate job built tiled shower with a seamless glass enclosure, and a walk-in closet. The secondary bedrooms are located on the opposite side of the home and share a full bath. The mud room / laundry room is located off the garage entry and has room for an "optional" mud bench, desk &/or additional laundry cabinet options. The yard will be professionally landscaped and fully sodded. Estimated completion date of June 2026, buyers can pick/approve certain colors and options for a limited period of time. Belle Savanne is a walkable neighborhood with scenic lakes, green space, and a resort-style pool with cabana. Other homesites and floor plans available. *The completed pictures are not of the actual home but are of the same floorplan; colors and options may vary.

ⓘ 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: $1,209 · $101/mo
• Projected year-2 tax: $1,973 · $164/mo
• Expected delta: +$764/yr (+$64/mo · 63.2%)

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

Taxation est. · year 1

• Rental income: $38,261
• − Mortgage interest: −$20,090
• − Property taxes: −$1,209
• − Insurance: −$1,793
• − Repairs & maintenance: −$3,061
• − Management: −$3,061
• − HOA: −$720
• − Depreciation: −$10,434
• Taxable loss: −$2,107
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $4,439/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: Ascension Parish
• NCES district ID: 2200090
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 58% ▼ -25.00%
• Median HH income: $68,423
• Composite: 47.0/100
• National rank: #2347
• State rank: #7 of 98 in LA

Livability — Prairieville

• Score: 69/100
• State rank: #70
• US rank: #8507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 49,278
• Population (ZIP): 9,880

Population outlook (Ascension County) Hauer SSP2

• Today (2025): 145,480 people
• By 2030: 158,329 · +8.8%
• By 2040: 183,741 · +26.3%
• By 2050: 207,615 · +42.7%
• By 2075: 260,244 · +78.9%
• By 2100: 289,576 · +99.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 21% Black 17% Two or more races 14% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 4% Italian 2% Serbian 2%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Ascension

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.1% · Other 1.7%
• 2008→2024 swing: +1.7pp toward D · 2008: -35.7pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+32.5 2016: R+36.0 2012: R+34.3 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.70%
• Current HPI: 148.0987
• 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

+0.0% since first listed

2 events — show timeline

• 2026-02-11 Listed $358,655 GBRMLS
• 2026-02-11 Listed $358,655 AcadianaMLS

Property tax history

-1.0%/yr

Latest (2025): $1,209 · -1.3% YoY. Source: county tax records.