1452 Alma St · Shreveport, LA 71108

$57,200

3 bd · 1.0 ba · 1,208 sqft · SingleFamily public records · 71 Days on market

Built 1983 6,360 sqft lot $47/sqft · 22% above area Est $47k · 22% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.1/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey Investment Opportunity — Tenant Occupied & Cash Flowing Currently rented at $725 per month 9 Unit Package DEAL MLS# 21228510, 21228493, 21228446, 21228424, 21228402, 21228377, 21228363, 21228333, 21228313 Don't miss this income-producing single-family home in Shreveport's 71108 corridor. This 3-bedroom, 1-bath home spans approximately 1,208 square feet and is currently tenant occupied meaning you start collecting rent from day one with zero vacancy downtime. Ideal for buy-and-hold investors looking to add a stabilized rental to their portfolio. The property features a functional layout, established neighborhood, and consistent rental demand in this area of Shreveport. Investment Highlights: 3 Bed 1 Bath 1,208 Sq Ft Built 1960 Single Family Home Currently tenant occupied immediate cash flow Strong rental demand in the 71108 zip code Low entry price point ideal for first-time or portfolio investors Property is tenant occupied. Please do not disturb occupants. All showings must be scheduled through listing agent.

Key facts

• 6,360 sq ft lot
• Built 1983
• Listed 71 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $57k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($977 rent vs $57k).
• Recommended offer: $54k (6.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 5.7% in Shreveport — 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 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 138 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($32k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $395 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $16k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($54k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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, 73% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,768 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F 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?
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: 1.71% ✓
• Cap rate: 15.07%
• Cash-on-cash: 31.36%
• DSCR: 2.40
• GRM: 4.9

CMA / ARV

• ARV (median comp): $47,018
• List price: $57,200
• Delta: 21.65%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1802 Midway St	0.45mi	3/1.0	1,208 (0%)	2mo	$49,900	$41	77
1439 Belwood St	0.04mi	3/1.0	1,092 (-10%)	11mo	$79,000	$72	72
1503 Doris St	0.33mi	3/1.0	1,194 (-1%)	13mo	$53,000	$44	71
3820 Maryland Ave	0.54mi	3/1.0	1,269 (+5%)	2mo	$159,900	$126	65
1841 Vivian St	0.52mi	3/1.0	1,178 (-2%)	17mo	$53,000	$45	58
4332 Magazine St	0.50mi	3/1.0	1,134 (-6%)	13mo	$75,000	$66	56
1747 Fulton St	0.45mi	3/2.0	1,072 (-11%)	10mo	$63,000	$59	48
3820 Fairfield Ave #35	0.67mi	2/2.0 (-1)	1,084 (-10%)	2mo	$88,500	$82	41
1417 Oakdale St	0.64mi	3/2.0	1,347 (+12%)	9mo	$12,000	$9	39
3878 Fairfield Ave	0.60mi	2/1.0 (-1)	1,067 (-12%)	10mo	$175,000	$164	39
1828 Corbitt St	0.54mi	2/1.0 (-1)	1,081 (-10%)	17mo	$45,000	$42	38
1831 Hickory St	0.72mi	3/1.0	1,036 (-14%)	12mo	$55,000	$53	33

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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: 25.5%
• Equity multiple: 2.05×
• Total profit: $16,758
• Equity at exit: $8,529

10-year hold

• IRR: 32.8%
• Equity multiple: 3.90×
• Total profit: $46,376
• Equity at exit: $4,946

Cash invested: $16,016 (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 71108

• Rents YoY: 2.4%
• Active inventory: 138
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $977 high
• Mortgage (P&I): −$300
• Tax from tax record: −$29 /mo · $354/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $418

Break-even live

Break-even rent $447

Max offer price $57,200

Occupancy floor 52%

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: $14,300
• Closing costs: $1,716
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1430 Grigsby St Shreveport, LA	3.0	1.0	1052	$775	$0.74	43d	1	0.13mi
1340 Lincoln St Shreveport, LA	2.0	1.0	1120	$850	$0.76	13d	1	0.18mi
1340 Lincoln St Shreveport, LA	2.0	1.0	1120	$950	$0.85	43d	1	0.18mi
1632 Malcolm St Shreveport, LA	3.0	1.0	1254	$1,150	$0.92	21d	1	0.19mi
1421 Clover St Shreveport, LA	2.0	1.0	900	$675	$0.75	13d	1	0.28mi
1749 Caroline St Shreveport, LA	4.0	1.0	1092	$975	$0.89	21d	1	0.34mi
1416 Natalie St Shreveport, LA	3.0	2.0	1100	$900	$0.82	13d	1	0.49mi
3802 Baltimore Ave Shreveport, LA	2.0	1.0	1250	$1,025	$0.82	21d	1	0.51mi
3827 Maryland Ave Shreveport, LA	2.0	1.0	1032	$1,400	$1.36	43d	1	0.59mi
3820 Fairfield Ave Unit 37 Shreveport, LA	2.0	2.0	1084	$1,050	$0.97	43d	1	0.66mi
1954 State St Shreveport, LA	3.0	1.0	900	$900	$1.00	43d	1	0.76mi
5218 Fairfax Ave Shreveport, LA	2.0	1.0	971	$825	$0.85	21d	1	0.90mi
2531 Drexel St Shreveport, LA	3.0	2.0	1250	$950	$0.76	21d	1	0.93mi
3846 Creswell Ave Unit 3848 Shreveport, LA	2.0	2.0	1374	$1,125	$0.82	13d	1	0.95mi
3840 Creswell Ave Unit 1 Shreveport, LA	2.0	1.5	1200	$1,000	$0.83	43d	1	0.97mi
1353 Glen Oak Pl Shreveport, LA	2.0	1.0	1116	$800	$0.72	13d	1	1.05mi
1353 Glen Oak Pl Shreveport, LA	2.0	1.0	1116	$850	$0.76	21d	1	1.05mi
3100 Fairfield Ave Shreveport, LA	1.0–2.0	1.5–2.0	1001	$1,400	$1.40	21d	1	1.06mi
2520 Merwin St Shreveport, LA	3.0	1.0	924	$700	$0.76	21d	1	1.13mi
6002 Henderson Ave Shreveport, LA	3.0	1.0	1059	$1,050	$0.99	43d	1	1.17mi
2134 Queens Hwy Shreveport, LA	3.0	1.5	1374	$1,475	$1.07	21d	1	1.18mi
2551 Claiborne Ave Shreveport, LA	2.0	1.5	1202	$945	$0.79	13d	1	1.19mi
2644 Valley Ridge Rd Shreveport, LA	4.0	1.0	1023	$1,100	$1.08	43d	1	1.23mi
2641 Valley Ridge Rd Shreveport, LA	3.0	1.0	1045	$725	$0.69	21d	1	1.23mi
2714 DuPont St Shreveport, LA	2.0	1.0	980	$565	$0.58	13d	1	1.24mi
2721 Fairfield Ave Shreveport, LA	2.0	2.0	1250	$1,200	$0.96	44d	1	1.34mi
2717 Fairfield Ave Shreveport, LA	2.0	1.0	1250	$950	$0.76	43d	1	1.34mi
2924 DuPont St Shreveport, LA	2.0	1.0	768	$750	$0.98	21d	1	1.37mi
561 Forest Ave Shreveport, LA	2.0	1.0	1358	$1,350	$0.99	21d	1	1.40mi
3305 Creswell Ave Shreveport, LA	2.0	1.0	1307	$1,350	$1.03	21d	1	1.40mi
513 Sassafras Ave Shreveport, LA	3.0	1.0	960	$870	$0.91	21d	1	1.47mi
5306 Prentiss Ave Shreveport, LA	3.0	1.0	957	$975	$1.02	43d	1	1.50mi

Listing history 26 events

1. 2026-06-18
   days on market $57,200 Active 71 DOM
2. 2026-06-17
   days on market $57,200 Active 70 DOM
3. 2026-06-16
   days on market $57,200 Active 69 DOM
4. 2026-06-15
   days on market $57,200 Active 68 DOM
5. 2026-06-14
   days on market $57,200 Active 66 DOM
6. 2026-06-13
   days on market $57,200 Active 65 DOM
7. 2026-06-10
   days on market $57,200 Active 63 DOM
8. 2026-06-09
   days on market $57,200 Active 62 DOM
9. 2026-06-08
   days on market $57,200 Active 61 DOM
10. 2026-06-07
    days on market $57,200 Active 60 DOM
11. 2026-06-05
    days on market $57,200 Active 57 DOM
12. 2026-06-03
    remarks 693-char remark
13. 2026-06-03
    days on market $57,200 Active 56 DOM
14. 2026-06-02
    days on market $57,200 Active 55 DOM
15. 2026-06-01
    days on market $57,200 Active 54 DOM
16. 2026-05-31
    days on market $57,200 Active 53 DOM
17. 2026-05-30
    days on market $57,200 Active 52 DOM
18. 2026-04-06
    listed $57,200 Active 1083-char remark

    Show marketing remark (1083 chars)

    Turnkey Investment Opportunity — Tenant Occupied & Cash Flowing Currently rented at $725 per month 9 Unit Package DEAL MLS# 21228510, 21228493, 21228446, 21228424, 21228402, 21228377, 21228363, 21228333, 21228313 Don't miss this income-producing single-family home in Shreveport's 71108 corridor. This 3-bedroom, 1-bath home spans approximately 1,208 square feet and is currently tenant occupied meaning you start collecting rent from day one with zero vacancy downtime. Ideal for buy-and-hold investors looking to add a stabilized rental to their portfolio. The property features a functional layout, established neighborhood, and consistent rental demand in this area of Shreveport. Investment Highlights: 3 Bed 1 Bath 1,208 Sq Ft Built 1960 Single Family Home Currently tenant occupied immediate cash flow Strong rental demand in the 71108 zip code Low entry price point ideal for first-time or portfolio investors Property is tenant occupied. Please do not disturb occupants. All showings must be scheduled through listing agent.

19. 2024-08-06
    historical
20. 2024-06-07
    price $49,950
21. 2024-04-01
    price $59,950
22. 2024-02-06
    listed $64,950 Active
23. 2013-10-02
    soldstatus $147,000
24. 2012-04-13
    soldstatus $132,750
25. 2011-04-20
    soldstatus $11,000
26. 1999-11-29
    soldstatus

ⓘ 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: $354 · $29/mo
• Projected year-2 tax: $354 · $29/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 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥110°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $11,723
• − Mortgage interest: −$3,204
• − Property taxes: −$354
• − Insurance: −$286
• − Repairs & maintenance: −$938
• − Management: −$938
• − Depreciation: −$1,664
• Taxable income: $4,340
• Est. tax owed @ 24.0%: −$1,041
• After-tax cash flow: $3,980/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 18,072
• Household income: $32,055
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 1526.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% White 11% Hispanic / Latino 4% Two or more races 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.98%
• Current HPI: 58.1377
• Rent YoY: ▲ 2.37%
• Metro: Shreveport-Bossier City, 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

+420.0% since first listed

9 events — show timeline

• 2026-04-06 Listed $57,200 NTREIS
• 2024-08-06 Listing Removed — NTREIS
• 2024-06-07 Price Changed $49,950 NTREIS
• 2024-04-01 Price Changed $59,950 NTREIS
• 2024-02-06 Listed $64,950 NTREIS
• 2013-10-02 Sold (Public Records) $147,000 Public Records
• 2012-04-13 Sold (Public Records) $132,750 Public Records
• 2011-04-20 Sold (Public Records) $11,000 Public Records
• 1999-11-29 Sold (Public Records) — Public Records

Property tax history

-1.7%/yr

Latest (2025): $354 · +0.4% YoY. Source: county tax records.