3044 Bartlett St · Baton Rouge, LA 70805

$79,900

3 bd · 2.0 ba · 1,577 sqft · SingleFamily · 17 Days on market

Built 1968 0.69 ac lot Est $148k · 46% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3BR/2Ba will need new flooring in several rooms, new floor joist and subflooring has already been installed. Year built is approx

Key facts

• 0.69 acre lot
• Built 1968
• Listed 17 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.2%/yr); 155 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• At $1,335/mo this rent would consume 63% of the median local household income ($25k/yr) (locally 1980% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $11k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.67% ✓
• Cap rate: 13.85%
• Cash-on-cash: 27.00%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $148,238
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3871 Winbourne Ave	0.29mi	3/2.0	1,499 (-5%)	9mo	$179,995	$120	71
4723 Madison Ave	0.57mi	3/2.0	1,558 (-1%)	3mo	$150,000	$96	69
2145 N 38th St	0.63mi	4/2.0 (+1)	1,626 (+3%)	3mo	$152,500	$94	58
3555 Eleanor Dr	0.63mi	3/2.0	1,660 (+5%)	5mo	$195,000	$117	58
3045 Voss Dr	0.64mi	3/1.5	1,650 (+5%)	7mo	$17,900	$11	55
3322 Ontario St	0.54mi	3/2.0	1,483 (-6%)	14mo	$139,999	$94	53
4624 Winnebago St	0.57mi	3/2.0	1,500 (-5%)	16mo	$148,500	$99	52
4710 Osborne Ave	0.35mi	4/1.0 (+1)	1,391 (-12%)	6mo	$49,900	$36	50
3725 Winbourne Ave	0.35mi	4/1.5 (+1)	1,795 (+14%)	9mo	$85,500	$48	46
3263 Ozark St	0.63mi	4/2.0 (+1)	1,540 (-2%)	22mo	$144,900	$94	44
3715 Winbourne Ave	0.36mi	3/2.0	1,800 (+14%)	20mo	$1,450	$1	43
3008 Seneca St	0.74mi	3/1.0	1,350 (-14%)	9mo	$64,900	$48	30

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.68×
• Total profit: $15,218
• Equity at exit: $11,913

10-year hold

• IRR: 23.7%
• Equity multiple: 2.77×
• Total profit: $39,490
• Equity at exit: $6,908

Cash invested: $22,372 (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 70805

• Rents YoY: -1.2%
• Active inventory: 155
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,335 high
• Mortgage (P&I): −$419
• Tax from tax record: −$99 /mo · $1,190/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $503

Break-even live

Break-even rent $698

Max offer price $79,900

Occupancy floor 57%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3725 Winbourne Ave Baton Rouge, LA	4.0	1.5	1800	$1,495	$0.83	19d	1	0.36mi
3725 Winbourne Ave Baton Rouge, LA	4.0	2.0	1900	$1,550	$0.82	43d	1	0.36mi
3888 Charles St Baton Rouge, LA	3.0	2.0	1650	$1,425	$0.86	23d	1	0.44mi
3888 Charles St Baton Rouge, LA	3.0	2.0	1600	$1,500	$0.94	19d	1	0.44mi
2347 Rhodes Ave Baton Rouge, LA	2.0	1.0	1250	$950	$0.76	19d	1	0.47mi
3567 Charles St Baton Rouge, LA	3.0	1.0	1400	$1,250	$0.89	43d	1	0.58mi
3906 S Barrow Dr Baton Rouge, LA	3.0	2.0	1523	$1,295	$0.85	23d	1	0.76mi
3160 Wyandotte St Baton Rouge, LA	2.0	1.0	1100	$800	$0.73	43d	1	0.78mi
5212 Jackson Ave Baton Rouge, LA	4.0	2.0	1500	$1,650	$1.10	23d	1	0.88mi
4236 Delaware St Baton Rouge, LA	3.0	2.0	1600	$1,500	$0.94	23d	1	0.89mi
2645 Seneca St Baton Rouge, LA	3.0	2.0	1650	$1,550	$0.94	23d	1	0.92mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	43d	1	1.09mi
2933 Dayton St Baton Rouge, LA	4.0	2.0	1800	$1,350	$0.75	23d	1	1.17mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,688	$1.30	14d	31	1.22mi
5350 Clayton Dr Baton Rouge, LA	3.0	1.0	1050	$850	$0.81	43d	1	1.22mi
1404 N 29th St Baton Rouge, LA	3.0	2.0	1120	$1,100	$0.98	43d	1	1.24mi
5540 Clayton Ct Baton Rouge, LA	4.0	2.0	1500	$1,350	$0.90	19d	1	1.26mi
1336 N 29th St Baton Rouge, LA	3.0	2.0	1400	$1,450	$1.04	14d	1	1.28mi
2654 Sheldon Dr Baton Rouge, LA	3.0	1.0	1400	$1,200	$0.86	23d	1	1.35mi
4809 Longfellow Dr Baton Rouge, LA	3.0	2.0	1786	$1,900	$1.06	14d	1	1.42mi

Listing history 18 events

1. 2026-06-10
   status $79,900 Pending 17 DOM
2. 2026-06-09
   days on market $79,900 Active 17 DOM
3. 2026-06-08
   days on market $79,900 Active 16 DOM
4. 2026-06-07
   days on market $79,900 Active 15 DOM
5. 2026-06-05
   pricedays on market $79,900 Active 12 DOM
6. 2026-06-03
   days on market $90,900 Active 11 DOM
7. 2026-06-02
   days on market $90,900 Active 10 DOM
8. 2026-06-01
   status $90,900 Active 9 DOM
9. 2026-03-05
   status Pending 129-char remark

   Show marketing remark (129 chars)

   3BR/2Ba will need new flooring in several rooms, new floor joist and subflooring has already been installed. Year built is approx

10. 2026-03-05
    status Pending

    Show marketing remark (129 chars)

    3BR/2Ba will need new flooring in several rooms, new floor joist and subflooring has already been installed. Year built is approx

11. 2026-02-24
    listed $90,900 Active 129-char remark

    Show marketing remark (129 chars)

    3BR/2Ba will need new flooring in several rooms, new floor joist and subflooring has already been installed. Year built is approx

12. 2026-02-24
    listed $90,900 Active

    Show marketing remark (129 chars)

    3BR/2Ba will need new flooring in several rooms, new floor joist and subflooring has already been installed. Year built is approx

13. 2018-11-13
    soldstatus $83,000
14. 2018-11-09
    soldstatus Sold 139-char remark

    Show marketing remark (139 chars)

    Come check out this very well maintained home! This home is move in ready and is on a huge lot! Please call to set your appointment today!

15. 2018-10-10
    status Pending 139-char remark

    Show marketing remark (139 chars)

    Come check out this very well maintained home! This home is move in ready and is on a huge lot! Please call to set your appointment today!

16. 2018-10-01
    listed $75,000 Active 139-char remark

    Show marketing remark (139 chars)

    Come check out this very well maintained home! This home is move in ready and is on a huge lot! Please call to set your appointment today!

17. 2018-10-01
    listed $75,000

    Show marketing remark (139 chars)

    Come check out this very well maintained home! This home is move in ready and is on a huge lot! Please call to set your appointment today!

18. 1989-10-13
    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: $1,190 · $99/mo
• Projected year-2 tax: $1,190 · $99/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 8/10 Severe 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,023
• − Mortgage interest: −$4,476
• − Property taxes: −$1,190
• − Insurance: −$400
• − Repairs & maintenance: −$1,282
• − Management: −$1,282
• − Depreciation: −$2,324
• Taxable income: $5,069
• Est. tax owed @ 24.0%: −$1,217
• After-tax cash flow: $4,824/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 23,288
• Household income: $25,397
• Rent vs Own: 59.5% rent · 40.5% own
• Severe rent burden: 1980.0

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 (95%)
• Race & ethnicity: Black 95% Hispanic / Latino 2% White 2% Two or more races 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -110.79%
• Current HPI: 75.7121
• Rent YoY: ▼ -1.21%
• 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

+21.2% since first listed

10 events — show timeline

• 2026-03-05 Pending — AcadianaMLS
• 2026-03-05 Pending — GBRMLS
• 2026-02-24 Listed $90,900 GBRMLS
• 2026-02-24 Listed $90,900 AcadianaMLS
• 2018-11-13 Sold (Public Records) $83,000 Public Records
• 2018-11-09 Sold (MLS) — GBRMLS
• 2018-10-10 Pending — GBRMLS
• 2018-10-01 Listed $75,000 AcadianaMLS
• 2018-10-01 Listed $75,000 GBRMLS
• 1989-10-13 Sold (Public Records) — Public Records

Property tax history

+33.0%/yr

Latest (2025): $1,190 · +4.7% YoY. Source: county tax records.