1506 Landry Dr · Baker, LA 70714

$175,000

3 bd · 2.0 ba · 996 sqft · SingleFamily public records · 70 Days on market

Built 1981 0.37 ac lot Est $140k · 25% over

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Why this score? — see what drove the F 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 +8.6/30.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +2.1/10.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 3 bedroom, 2 bathroom home featuring an open floorplan perfect for comfortable living and entertaining. This renovated property offers laminate wood and ceramic flooring throughout, creating a modern and low-maintenance space. The updated kitchen provides great functionality and style, while the spacious living areas flow seamlessly into a large covered patio, ideal for outdoor gatherings. Enjoy a huge fenced backyard with plenty of room for relaxation, pets, or play, along with a large storage shed for added convenience. Seller is leaving select furniture items, making this an even more attractive opportunity for buyers. Conveniently located near the Baton Rouge Zoo with easy access to nearby amenities and attractions.

Key facts

• Ceramic flooring
• Open floorplan
• Large covered patio

Tags

• OPEN FLOORPLAN
• LAMINATE WOOD FLOORING
• CERAMIC FLOORING
• UPDATED KITCHEN
• LARGE COVERED PATIO
• HUGE FENCED BACKYARD

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Single-story detached single family residence; Residential property in the Landry Place subdivision
• Construction: Wood siding construction; Slab foundation; Built as a single-story structure
• Exterior features: Shed(s); Lot dimensions approximately 100 x 200; Lot area approximately 0.37 acres

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Central heating; Central air

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-152 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (15.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (29.3% below list).
• Recommended offer: $124k (29.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#131 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools C-, crime D+, amenities F.
• City Of Baker School District (suburban): math 5% / reading 15% proficiency, ranked #89 of 98 in LA (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 141 active listings in the ZIP; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

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.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $122k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,671 (29.3% 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 70 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
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. Crime grade is D 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. 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?
7. 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.
8. 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.
9. 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: 0.71% ✗
• Cap rate: 5.25%
• Cash-on-cash: -3.71%
• DSCR: 0.83
• GRM: 11.8

CMA / ARV

• ARV (on-the-fly): $140,436
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1608 Landry Dr	0.04mi	3/1.0	960 (-4%)	14mo	$135,000	$141	76
2601 Boxwood Dr	0.27mi	3/1.5	1,064 (+7%)	20mo	$154,900	$146	57
3000 Roosevelt St	0.46mi	3/1.0	1,046 (+5%)	21mo	$140,000	$134	49
1567 Groom Rd	0.64mi	3/2.0	1,121 (+13%)	22mo	$45,500	$41	31

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.22×
• Total profit: $-38,045
• Equity at exit: $26,093

10-year hold

• IRR: -16.9%
• Equity multiple: 0.07×
• Total profit: $-45,690
• Equity at exit: $15,131

Cash invested: $49,000 (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 70714

• Home prices YoY: -33.7%
• Active inventory: 141
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,237 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$138 /mo · $1,656/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $-152

Break-even live

Break-even rent $1,429

Max offer price $148,215

Occupancy floor —

Sensitivity live

Price	-10% $-53	-5% $-102	+0% $-152	+5% $-201	+10% $-251
Rent	-10% $-249	-5% $-200	+0% $-152	+5% $-103	+10% $-54
Rate	-1.0pp $-63	-0.5pp $-107	base $-152	+0.5pp $-197	+1.0pp $-243

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-31
   statusdays on market $175,000 Pending 70 DOM
2. 2026-03-21
   listed $185,000 Active

   Show marketing remark (739 chars)

   Beautiful 3 bedroom, 2 bathroom home featuring an open floorplan perfect for comfortable living and entertaining. This renovated property offers laminate wood and ceramic flooring throughout, creating a modern and low-maintenance space. The updated kitchen provides great functionality and style, while the spacious living areas flow seamlessly into a large covered patio, ideal for outdoor gatherings. Enjoy a huge fenced backyard with plenty of room for relaxation, pets, or play, along with a large storage shed for added convenience. Seller is leaving select furniture items, making this an even more attractive opportunity for buyers. Conveniently located near the Baton Rouge Zoo with easy access to nearby amenities and attractions.

3. 2026-03-21
   listed $185,000 Active 739-char remark

   Show marketing remark (739 chars)

   Beautiful 3 bedroom, 2 bathroom home featuring an open floorplan perfect for comfortable living and entertaining. This renovated property offers laminate wood and ceramic flooring throughout, creating a modern and low-maintenance space. The updated kitchen provides great functionality and style, while the spacious living areas flow seamlessly into a large covered patio, ideal for outdoor gatherings. Enjoy a huge fenced backyard with plenty of room for relaxation, pets, or play, along with a large storage shed for added convenience. Seller is leaving select furniture items, making this an even more attractive opportunity for buyers. Conveniently located near the Baton Rouge Zoo with easy access to nearby amenities and attractions.

4. 2017-08-01
   soldstatus $122,500
5. 2017-07-31
   soldstatus Sold 449-char remark

   Show marketing remark (449 chars)

   DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

6. 2017-06-15
   status Pending 449-char remark

   Show marketing remark (449 chars)

   DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

7. 2017-06-13
   status Active 449-char remark

   Show marketing remark (449 chars)

   DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

8. 2017-06-05
   status Pending 449-char remark

   Show marketing remark (449 chars)

   DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

9. 2017-06-02
   listed $125,000 Active 449-char remark

   Show marketing remark (449 chars)

   DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

10. 2017-06-02
    listed $125,000

    Show marketing remark (449 chars)

    DID NOT FLOOD AND NO FLOOD INSURANCE REQUIRED! Lots of updates and move in ready! You will love this spacious home with HUGE back patio area, on large lot with mature trees. BEAUTIFULLY UPDATED! This home features a large kitchen/dining that is open to living area, has extra large laundry room, and spacious bedrooms. Lot backs up to woods and is very private. This home is a MUST SEE! (Home qualifies for 100% Rural Development (RD) Financing!)

11. 2013-10-07
    soldstatus $45,000

ⓘ 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: $1,656 · $138/mo
• Projected year-2 tax: $1,656 · $138/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,841
• − Mortgage interest: −$9,803
• − Property taxes: −$1,656
• − Insurance: −$875
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$5,091
• Taxable loss: −$4,958
• Est. tax savings @ 24.0%: +$1,190
• After-tax cash flow: $-629/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: City Of Baker School District
• NCES district ID: 2200040
• Math proficiency: 5% ▼ -32.00%
• Reading proficiency: 15% ▼ -28.00%
• Median HH income: $41,765
• Composite: 8.8/100
• National rank: #9891
• State rank: #89 of 98 in LA

Livability — Baker

• Score: 66/100
• State rank: #131
• US rank: #12021

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baker, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 17,433
• Metro: Baton Rouge, LA
• Population (ZIP): 17,433
• Household income: $57,608
• Rent vs Own: 24.3% rent · 75.7% own
• Severe rent burden: 417.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 25% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Arabic 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.50%
• Current HPI: 158.1876
• Rent YoY: —
• Metro: Baton Rouge, 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

+311.1% since first listed

10 events — show timeline

• 2026-03-21 Listed $185,000 AcadianaMLS
• 2026-03-21 Listed $185,000 GBRMLS
• 2017-08-01 Sold (Public Records) $122,500 Public Records
• 2017-07-31 Sold (MLS) — GBRMLS
• 2017-06-15 Pending — GBRMLS
• 2017-06-13 Relisted — GBRMLS
• 2017-06-05 Pending — GBRMLS
• 2017-06-02 Listed $125,000 GBRMLS
• 2017-06-02 Listed $125,000 AcadianaMLS
• 2013-10-07 Sold (Public Records) $45,000 Public Records

Property tax history

+11.9%/yr

Latest (2025): $1,656 · +3.8% YoY. Source: county tax records.