805 Trace St · Many, LA 71449

$69,900

2 bd · 2.0 ba · 1,312 sqft · SingleFamily public records · 47 Days on market

Built 1950 0.52 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic opportunity for investors or DIY buyers looking to build equity in a quiet, established area. Situated on a generous, oversized lot, the property provides ample room for gardening, expansion, or outdoor entertaining, complemented by a versatile detached garage perfect for a workshop or extra storage. While the home is in average condition, its solid bones and spacious layout serve as a blank canvas ready for your personal touch. Enjoy the peace of a low-traffic street while remaining just minutes from local schools and downtown amenities. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on HomePath.com.

Key facts

• Downtown amenities
• Local schools
• Oversized lot

Tags

• OVERSIZED LOT
• DETACHED GARAGE
• LOW-TRAFFIC STREET
• LOCAL SCHOOLS
• DOWNTOWN AMENITIES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $372 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#147 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Sabine Parish (rural): math 27% / reading 39% proficiency, ranked #40 of 98 in LA (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Many Junior High School (math 26% / reading 31%, grade F, #119 of 218 statewide, top 57%, 404 students, 65% FRL) — zoned schools at 65% FRL track the district average.
• Market conditions: 32 active listings in the ZIP; 49 units permitted in Sabine Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sabine County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.51% ✓
• Cap rate: 12.68%
• Cash-on-cash: 22.79%
• DSCR: 2.01
• GRM: 5.5

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: 15.7%
• Equity multiple: 1.63×
• Total profit: $12,354
• Equity at exit: $10,422

10-year hold

• IRR: 24.3%
• Equity multiple: 3.11×
• Total profit: $41,254
• Equity at exit: $6,044

Cash invested: $19,572 (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 71449

• Active inventory: 32
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,053 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$64 /mo · $770/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $372

Break-even live

Break-even rent $582

Max offer price $69,900

Occupancy floor 60%

Sensitivity live

Price	-10% $411	-5% $392	+0% $372	+5% $352	+10% $332
Rent	-10% $289	-5% $330	+0% $372	+5% $413	+10% $455
Rate	-1.0pp $407	-0.5pp $390	base $372	+0.5pp $354	+1.0pp $335

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-13
   price $69,900 685-char remark

   Show marketing remark (685 chars)

   Fantastic opportunity for investors or DIY buyers looking to build equity in a quiet, established area. Situated on a generous, oversized lot, the property provides ample room for gardening, expansion, or outdoor entertaining, complemented by a versatile detached garage perfect for a workshop or extra storage. While the home is in average condition, its solid bones and spacious layout serve as a blank canvas ready for your personal touch. Enjoy the peace of a low-traffic street while remaining just minutes from local schools and downtown amenities. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on HomePath.com.

2. 2026-05-13
   price $69,900 685-char remark

   Show marketing remark (685 chars)

   Fantastic opportunity for investors or DIY buyers looking to build equity in a quiet, established area. Situated on a generous, oversized lot, the property provides ample room for gardening, expansion, or outdoor entertaining, complemented by a versatile detached garage perfect for a workshop or extra storage. While the home is in average condition, its solid bones and spacious layout serve as a blank canvas ready for your personal touch. Enjoy the peace of a low-traffic street while remaining just minutes from local schools and downtown amenities. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on HomePath.com.

3. 2026-04-09
   listed $74,900 Active 685-char remark

   Show marketing remark (685 chars)

   Fantastic opportunity for investors or DIY buyers looking to build equity in a quiet, established area. Situated on a generous, oversized lot, the property provides ample room for gardening, expansion, or outdoor entertaining, complemented by a versatile detached garage perfect for a workshop or extra storage. While the home is in average condition, its solid bones and spacious layout serve as a blank canvas ready for your personal touch. Enjoy the peace of a low-traffic street while remaining just minutes from local schools and downtown amenities. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on HomePath.com.

4. 2026-04-09
   listed $74,900 Active 685-char remark

   Show marketing remark (685 chars)

   Fantastic opportunity for investors or DIY buyers looking to build equity in a quiet, established area. Situated on a generous, oversized lot, the property provides ample room for gardening, expansion, or outdoor entertaining, complemented by a versatile detached garage perfect for a workshop or extra storage. While the home is in average condition, its solid bones and spacious layout serve as a blank canvas ready for your personal touch. Enjoy the peace of a low-traffic street while remaining just minutes from local schools and downtown amenities. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on HomePath.com.

5. 2024-07-31
   price $115,000
6. 2024-07-03
   listed $125,000 Active
7. 2018-09-18
   soldstatus $75,000
8. 2011-06-29
   soldstatus
9. 2006-05-16
   soldstatus $37,500

ⓘ 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: $770 · $64/mo
• Projected year-2 tax: $770 · $64/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 · 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 8/10 Severe 80% 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: $12,632
• − Mortgage interest: −$3,915
• − Property taxes: −$770
• − Insurance: −$350
• − Repairs & maintenance: −$1,011
• − Management: −$1,011
• − Depreciation: −$2,033
• Taxable income: $3,543
• Est. tax owed @ 24.0%: −$850
• After-tax cash flow: $3,611/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: Sabine Parish
• NCES district ID: 2201380
• Math proficiency: 27% ▼ -38.00%
• Reading proficiency: 39% ▼ -35.00%
• Median HH income: $37,017
• Composite: 27.41/100
• National rank: #6970
• State rank: #40 of 98 in LA

Livability — Many

• Score: 65/100
• State rank: #147
• US rank: #12804

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Many, LA
• Population (ZIP): 8,818

Population outlook (Sabine County) Hauer SSP2

• Today (2025): 23,820 people
• By 2030: 23,505 · -1.3%
• By 2040: 22,885 · -3.9%
• By 2050: 22,235 · -6.7%
• By 2075: 20,257 · -15.0%
• By 2100: 17,348 · -27.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 9% Hispanic / Latino 2% Native American 2%
• Common ancestry: Lithuanian 6% Romanian 1% Italian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · French/Haitian/Cajun 2% Spanish 1%

Political lean MEDSL · Sabine

• 2024 margin: Solid R (+70.1) · D 14.6% · R 84.7%
• 2008→2024 swing: -18.5pp toward R · 2008: -51.6pp · 2024: -70.1pp
• All cycles: 2024: R+70.1 2020: R+66.5 2016: R+63.1 2012: R+55.1 2008: R+51.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -127.77%
• Current HPI: 114.4327
• 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

+86.4% since first listed

9 events — show timeline

• 2026-05-13 Price Changed $69,900 AcadianaMLS
• 2026-05-13 Price Changed $69,900 GFPAR
• 2026-04-09 Listed $74,900 GFPAR
• 2026-04-09 Listed $74,900 AcadianaMLS
• 2024-07-31 Price Changed $115,000 GFPAR
• 2024-07-03 Listed $125,000 GFPAR
• 2018-09-18 Sold (Public Records) $75,000 Public Records
• 2011-06-29 Sold (Public Records) — Public Records
• 2006-05-16 Sold (Public Records) $37,500 Public Records

Property tax history

+9.7%/yr

Latest (2025): $770 · +11.6% YoY. Source: county tax records.