10206 Pearl Ln · Albany, LA 70466

$224,900

3 bd · 2.0 ba · 1,343 sqft · SingleFamily · 146 Days on market

Built 2025 $38/mo HOA · 2% of rent ↓ 4% since listing

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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).

• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +4.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.7/10.0

Listing remarks MLS

Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

Key facts

• Aspen floorplan
• New home community
• Single story home

Tags

• ASPEN FLOORPLAN
• SINGLE STORY HOME
• NEW HOME COMMUNITY
• OPEN CONCEPT LIVING AREA
• WELL EQUIPPED KITCHEN
• SHAKER STYLE CABINETS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-271 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $186k (17.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (25.7% below list).
• Recommended offer: $167k (25.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#12 in LA, #3,099 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, 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: 69 active listings in the ZIP; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.6% local appreciation)).
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($198k) 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 $167,184 (25.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 4.84%
• Cash-on-cash: -5.17%
• DSCR: 0.77
• GRM: 11.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.7%
• Equity multiple: 1.28×
• Total profit: $17,550
• Equity at exit: $109,316

10-year hold

• IRR: 7.6%
• Equity multiple: 2.23×
• Total profit: $77,533
• Equity at exit: $175,135

Cash invested: $62,972 (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 70466

• Home prices YoY: 3.0%
• Active inventory: 69
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,672 medium
• Mortgage (P&I): −$1,179
• Tax est. 1.5%: −$281 /mo · $3,374/yr
• Insurance: −$94
• HOA: −$38
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $-271

Break-even live

Break-even rent $2,015

Max offer price $185,616

Occupancy floor —

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $38 · $456/yr
• Likely covers: pool

Listing history 8 events

1. 2026-03-10
   status Pending 1316-char remark

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

2. 2026-03-10
   status Pending

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

3. 2026-02-19
   price $224,900 1316-char remark

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

4. 2026-02-19
   price $224,900

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

5. 2025-12-31
   price $229,900 1316-char remark

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

6. 2025-12-31
   price $229,900

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

7. 2025-10-15
   listed $234,900 Active 1316-char remark

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

8. 2025-10-15
   listed $234,900 Active

   Show marketing remark (1316 chars)

   Welcome to the Aspen floorplan, a single-story home available in Bonterra, a new home community in Slidell, Louisiana. With 2 equally impressive exteriors to choose from, you can customize it to your liking. Step inside this 3 bedroom, 2 bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen!

ⓘ 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: $20,062
• − Mortgage interest: −$12,598
• − Property taxes: −$3,374
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − HOA: −$456
• − Depreciation: −$6,543
• Taxable loss: −$7,242
• Est. tax savings @ 24.0%: +$1,738
• After-tax cash flow: $-1,520/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 — Albany

• Score: 77/100
• State rank: #12
• US rank: #3099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,815

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 (67%)
• Race & ethnicity: White 67% Black 22% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 11% Serbian 2% Scandinavian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▲ 3.64%
• Current HPI: 126.0016
• 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

-4.3% since first listed

8 events — show timeline

• 2026-03-10 Pending — AcadianaMLS
• 2026-03-10 Pending — GSREIN
• 2026-02-19 Price Changed $224,900 AcadianaMLS
• 2026-02-19 Price Changed $224,900 GSREIN
• 2025-12-31 Price Changed $229,900 AcadianaMLS
• 2025-12-31 Price Changed $229,900 GSREIN
• 2025-10-15 Listed $234,900 GSREIN
• 2025-10-15 Listed $234,900 AcadianaMLS