252 Pipers Ln · Sulphur, LA 70665

$235,500

4 bd · 2.0 ba · 1,704 sqft · SingleFamily · 84 Days on market

Built 2026 Good condition 6,098 sqft lot $138/sqft · at area comps Est $240k · at est. $35/mo HOA · 1% of rent

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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
• 1% rule +9.8/10.0
• ARV discount +8.3/15.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-In Ready! Earn up to $12,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller’s preferred lender and title companies. Contract must be written on or after 4/6/2026 and close by 5/29/26. "Fargo BL" The Fargo plan is a charming 4 bedroom with an open concept living, kitchen dining layout. The kitchen is designed with sleek cabinets, granite countertops and a subway tile backsplash and is equipped with stainless steel appliances that include a gas stove, dishwasher, and micro hood. This home is settled in Savannah Lakes, a new construction community with a Homeowners Association. This home comes with a 10-year warranty. All homes offer smart home automation, wood laminate flooring, fully sodded yards, and electric garages with garage door openers.

Key facts

• Open concept living
• Gas stove
• Granite countertops

Tags

• OPEN CONCEPT LIVING
• GRANITE COUNTERTOPS
• SUBWAY TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• GAS STOVE
• NEW CONSTRUCTION COMMUNITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $236k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $236k).
• Recommended offer: $221k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 8.8% in Sulphur — 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 71/100 on livability (#48 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A; Watch: crime D-, 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: 236 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 + 3.0% rent growth), your $66k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($221k) 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 $221,370 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
6. 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?
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: 1.48% ✓
• Cap rate: 11.89%
• Cash-on-cash: 19.98%
• DSCR: 1.89
• GRM: 5.6

CMA / ARV

• ARV (median comp): $239,831
• List price: $235,500
• Delta: -1.81%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
216 Pipers Ln	0.11mi	3/2.0 (-1)	1,738 (+2%)	3mo	$240,000	$138	84
308 Paisley Pkwy	0.12mi	3/2.0 (-1)	1,755 (+3%)	3mo	$233,000	$133	82
213 Pipers Ln	0.12mi	4/2.0	1,817 (+7%)	4mo	$248,000	$136	80
329 Paisley Pkwy	0.07mi	3/2.0 (-1)	1,826 (+7%)	2mo	$221,000	$121	78
305 Paisley Pkwy	0.13mi	3/2.0 (-1)	1,618 (-5%)	4mo	$217,000	$134	77
277 Paisley Pkwy	0.21mi	3/2.0 (-1)	1,616 (-5%)	2mo	$214,000	$132	75
248 Long Hill Dr Dr	0.47mi	3/2.0 (-1)	1,698 (-0%)	7mo	$205,000	$121	66
235 Aston Ln	0.15mi	3/2.0 (-1)	1,563 (-8%)	10mo	$214,000	$137	66
329 Leawood Ave	0.19mi	4/2.0	1,959 (+15%)	2mo	$225,000	$115	64
148 Orchard Ln	0.30mi	3/2.0 (-1)	1,514 (-11%)	7mo	$207,000	$137	57
109 Briar Ct	0.59mi	3/2.0 (-1)	1,642 (-4%)	7mo	$212,500	$129	56
337 Madison Xing	0.41mi	3/2.0 (-1)	1,452 (-15%)	8mo	$208,000	$143	45

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: 12.2%
• Equity multiple: 1.48×
• Total profit: $31,847
• Equity at exit: $35,114

10-year hold

• IRR: 21.1%
• Equity multiple: 2.79×
• Total profit: $118,084
• Equity at exit: $20,362

Cash invested: $65,940 (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 70665

• Active inventory: 236
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,494 medium
• Mortgage (P&I): −$1,235
• Tax est. 1.5%: −$294 /mo · $3,532/yr
• Insurance: −$98
• HOA: −$35
• Vacancy / Maint / Mgmt: −$734
• Net cashflow: $1,098

Break-even live

Break-even rent $2,104

Max offer price $235,500

Occupancy floor 64%

Sensitivity live

Price	-10% $1,261	-5% $1,179	+0% $1,098	+5% $1,017	+10% $935
Rent	-10% $822	-5% $960	+0% $1,098	+5% $1,236	+10% $1,374
Rate	-1.0pp $1,217	-0.5pp $1,158	base $1,098	+0.5pp $1,037	+1.0pp $975

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: $58,875
• Closing costs: $7,065
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
293 Sawyer Dr Sulphur, LA	4.0	2.0	2079	$4,400	$2.12	45d	1	0.21mi
1000 E Carlyss Blvd Sulphur, LA	1.0–3.0	1.0–2.0	966	$2,296	$2.38	14d	10	0.27mi
1141 Mosswood Dr Sulphur, LA	2.0–3.0	2.0–3.5	1332	$2,195	$1.65	45d	1	1.00mi

HOA detail

• Monthly dues: $35 · $420/yr
• Likely covers: gaselectric

Listing history 2 events

1. 2026-02-27
   listed $235,500 Active 834-char remark

   Show marketing remark (834 chars)

   Move-In Ready! Earn up to $12,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller’s preferred lender and title companies. Contract must be written on or after 4/6/2026 and close by 5/29/26. "Fargo BL" The Fargo plan is a charming 4 bedroom with an open concept living, kitchen dining layout. The kitchen is designed with sleek cabinets, granite countertops and a subway tile backsplash and is equipped with stainless steel appliances that include a gas stove, dishwasher, and micro hood. This home is settled in Savannah Lakes, a new construction community with a Homeowners Association. This home comes with a 10-year warranty. All homes offer smart home automation, wood laminate flooring, fully sodded yards, and electric garages with garage door openers.

2. 2026-02-25
   listed $235,500 Active 1497-char remark

   Show marketing remark (1497 chars)

   Welcome to the Fargo plan, located at the charming Mimosa Park community in Sulphur, Louisiana. The Fargo is one of our popular one-story floor plans. With this 4-bedroom, 2-bathroom home, you will explore over 1,700 square feet of spacious living, perfect for any family or individual alike to enjoy comfortably. As you enter the Fargo, you will see the long main hallway leading you to the open living room and kitchen. Hard surface flooring throughout the main areas offers a sleek, low maintenance way to keep your floors looking great while soft carpet in the bedrooms keep your feet cozy. The kitchen and bathrooms feature granite countertops and modern shaker style cabinetry, a walk-in pantry, and a conveniently located island, ideal for your family and guests to enjoy meals together. The primary bedroom is located at the rear of the home for privacy and has its own ensuite bath featuring a spacious walk-in closet. Additionally, the home has 3 other bedrooms offering plenty of room to grow, office space or serve as bonus rooms. On the exterior of the Fargo, you will notice eye catching, aesthetic brick and 2 car garage with attic access, and space for extra storage. Each home comes with a covered patio to enjoy those pretty days outside, fully sodded yard and standard landscape package. Indulge in the ease of our included Smart Home Automation Technology, designed to bring everyday life right to your fingertips. Whatever room in this house you are in, you will feel right at

ⓘ 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: $41,932
• − Mortgage interest: −$13,192
• − Property taxes: −$3,532
• − Insurance: −$1,178
• − Repairs & maintenance: −$3,355
• − Management: −$3,355
• − HOA: −$420
• − Depreciation: −$6,851
• Taxable income: $10,050
• Est. tax owed @ 24.0%: −$2,412
• After-tax cash flow: $10,764/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.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This move-in ready home in Savannah Lakes offers a good condition with minimal repairs needed, making it an excellent investment opportunity.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and value
• Rental Replace carpet in bedrooms — Improves comfort and appeal for renters

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and value ↑
• Rental Replace carpet in bedrooms — Improves comfort and appeal for renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Sulphur

• Score: 71/100
• State rank: #48
• US rank: #7164

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sulphur, LA
• City population: 27,799
• Population (ZIP): 12,891

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 8% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -91.65%
• Current HPI: 99.2379
• 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

+0.0% since first listed

2 events — show timeline

• 2026-02-27 Listed $235,500 SWLAR
• 2026-02-25 Listed $235,500 Zillow