3469 Mark Rd Rd · Prien, LA 70605

$180,000

4 bd · 2.0 ba · 1,893 sqft · Other · 207 Days on market

Built 2006 0.88 ac lot $95/sqft · 58% below area ↓ 16% since listing

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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
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Rent growth +5.0/5.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 4 bedrooms 2 full bath home in a highly sought out South LAKE CHARLES community. Home has two living areas where one would be great for entertainment. Home has new laminate flooring inside and a new a/c and drainage system. It sits on close to an acre lot and has a recently added cute little front porch. Home is in flood zone X which doesn't require flood insurance and is outside of city limits which qualifies for RD loan. Schedule a private showing today

Key facts

• Two living areas
• Flood zone x
• Acre lot

Tags

• TWO LIVING AREAS
• NEW LAMINATE FLOORING
• NEW A C AND DRAINAGE SYSTEM
• ACRE LOT
• CUTE LITTLE FRONT PORCH
• FLOOD ZONE X

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $180k.

Deal economics

• At list price, monthly cash flow is $673 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 4.7% in Prien — 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 (#174 in LA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+15.1%/yr); 456 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• This rent runs 31% of the median local income ($86k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $50k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 207 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 207 days. Have you received any prior offers? Is the seller open to a 12% 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 F-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. 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.
6. 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.
7. 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: 1.22% ✓
• Cap rate: 10.78%
• Cash-on-cash: 16.03%
• DSCR: 1.71
• GRM: 6.8

CMA / ARV

• ARV (median comp): $423,573
• List price: $180,000
• Delta: -57.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.50×
• Total profit: $25,279
• Equity at exit: $26,839

10-year hold

• IRR: 24.3%
• Equity multiple: 3.58×
• Total profit: $129,884
• Equity at exit: $15,563

Cash invested: $50,400 (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 70605

• Rents YoY: 15.1%
• Active inventory: 456
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,202 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$47 /mo · $564/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $673

Break-even live

Break-even rent $1,349

Max offer price $180,000

Occupancy floor 64%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3418 Eliza Rd Unit A Lake Charles, LA	3.0	2.0	1534	$2,150	$1.40	13d	1	0.84mi
3291 Copper Ridge Dr Lake Charles, LA	3.0	2.0	1750	$2,750	$1.57	13d	1	0.85mi

Listing history 20 events

1. 2026-06-19
   days on market $180,000 Active 207 DOM
2. 2026-06-18
   days on market $180,000 Active 206 DOM
3. 2026-06-17
   days on market $180,000 Active 205 DOM
4. 2026-06-16
   days on market $180,000 Active 204 DOM
5. 2026-06-15
   days on market $180,000 Active 203 DOM
6. 2026-06-14
   days on market $180,000 Active 201 DOM
7. 2026-06-13
   days on market $180,000 Active 200 DOM
8. 2026-06-10
   days on market $180,000 Active 198 DOM
9. 2026-06-09
   days on market $180,000 Active 197 DOM
10. 2026-06-08
    days on market $180,000 Active 196 DOM
11. 2026-06-07
    days on market $180,000 Active 195 DOM
12. 2026-06-05
    days on market $180,000 Active 192 DOM
13. 2026-06-02
    days on market $180,000 Active 190 DOM
14. 2026-06-01
    days on market $180,000 Active 189 DOM
15. 2026-05-31
    days on market $180,000 Active 188 DOM
16. 2026-05-30
    days on market $180,000 Active 187 DOM
17. 2026-03-24
    price $190,000 468-char remark

    Show marketing remark (468 chars)

    Charming 4 bedrooms 2 full bath home in a highly sought out South LAKE CHARLES community. Home has two living areas where one would be great for entertainment. Home has new laminate flooring inside and a new a/c and drainage system. It sits on close to an acre lot and has a recently added cute little front porch. Home is in flood zone X which doesn't require flood insurance and is outside of city limits which qualifies for RD loan. Schedule a private showing today

18. 2026-02-06
    price $200,000 468-char remark

    Show marketing remark (468 chars)

    Charming 4 bedrooms 2 full bath home in a highly sought out South LAKE CHARLES community. Home has two living areas where one would be great for entertainment. Home has new laminate flooring inside and a new a/c and drainage system. It sits on close to an acre lot and has a recently added cute little front porch. Home is in flood zone X which doesn't require flood insurance and is outside of city limits which qualifies for RD loan. Schedule a private showing today

19. 2026-01-05
    price $210,000 468-char remark

    Show marketing remark (468 chars)

    Charming 4 bedrooms 2 full bath home in a highly sought out South LAKE CHARLES community. Home has two living areas where one would be great for entertainment. Home has new laminate flooring inside and a new a/c and drainage system. It sits on close to an acre lot and has a recently added cute little front porch. Home is in flood zone X which doesn't require flood insurance and is outside of city limits which qualifies for RD loan. Schedule a private showing today

20. 2025-11-24
    listed $225,000 Active 468-char remark

    Show marketing remark (468 chars)

    Charming 4 bedrooms 2 full bath home in a highly sought out South LAKE CHARLES community. Home has two living areas where one would be great for entertainment. Home has new laminate flooring inside and a new a/c and drainage system. It sits on close to an acre lot and has a recently added cute little front porch. Home is in flood zone X which doesn't require flood insurance and is outside of city limits which qualifies for RD loan. Schedule a private showing today

ⓘ 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: $564 · $47/mo
• Projected year-2 tax: $990 · $82/mo
• Expected delta: +$426/yr (+$35/mo · 75.4%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $26,420
• − Mortgage interest: −$10,083
• − Property taxes: −$564
• − Insurance: −$900
• − Repairs & maintenance: −$2,114
• − Management: −$2,114
• − Depreciation: −$5,236
• Taxable income: $5,410
• Est. tax owed @ 24.0%: −$1,298
• After-tax cash flow: $6,782/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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Prien

• Score: 64/100
• State rank: #174
• US rank: #14370

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prien, LA
• County: Calcasieu Parish · 170,889 people
• Metro: Lake Charles, LA
• Population (ZIP): 40,482
• Household income: $86,015
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 1328.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 10% Hispanic / Latino 6% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 12% Italian 3% Slovak 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.68%
• Current HPI: 105.1903
• Rent YoY: ▲ 15.10%
• Metro: Lake Charles, 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

-15.6% since first listed

4 events — show timeline

• 2026-03-24 Price Changed $190,000 SWLAR
• 2026-02-06 Price Changed $200,000 SWLAR
• 2026-01-05 Price Changed $210,000 SWLAR
• 2025-11-24 Listed $225,000 SWLAR

Property tax history

+11.5%/yr

Latest (2021): $564 · +6.5% YoY. Source: county tax records.