3008 Yorktowne Dr · Laplace, LA 70068

$149,900

3 bd · 2.0 ba · 1,304 sqft · SingleFamily · 34 Days on market

Built 1991 5,000 sqft lot Est $136k · 11% 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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +6.7/10.0
• Livability +3.5/5.0
• ARV discount +2.8/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-Bedroom Home with Open Floor Plan in LaPlace This well-maintained 3-bedroom, 2-bath home at 3008 Yorktowne Dr offers a functional open floor plan designed for comfortable living and easy flow between the main living areas. The spacious layout provides flexibility for a variety of uses, with ample natural light throughout. The property is currently tenant-occupied on a month-to-month basis, presenting an opportunity for both owner-occupants and investors. Showings require advance notice. Conveniently located with access to local amenities, shopping, and major roadways. Schedule your private showing today to explore the potential this home offers.

Key facts

• Open floor plan
• Major roadways
• Natural light

Tags

• OPEN FLOOR PLAN
• NATURAL LIGHT
• ACCESS TO LOCAL AMENITIES
• SHOPPING
• MAJOR ROADWAYS

Property features AI

Exterior

• Parking: Garage with two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story; Very good condition; Slab foundation
• Construction: Brick and frame construction; Shingle roof; Built on slab foundation
• Exterior features: Front porch; Concrete porch/patio

Interior

• Kitchen: Oven; Range; Refrigerator
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Has heating; Has cooling
• Interior features: Granite counters; Cable TV; Gas fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-11 ($-132/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (1.3% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.8% in Laplace — 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 70/100 on livability (#61 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• St. John The Baptist Parish (suburban): math 13% / reading 25% proficiency, ranked #68 of 98 in LA (top 69%) — 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: 180 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 61 units permitted in St. John the Baptist Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($68k/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 $4k of value loss. Plan a longer hold.
• St. John the Baptist County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $75k; list at $150k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $145,403 (3.0% 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 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.17% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.88%
• DSCR: 1.53
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $135,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3016 Concordia Dr	0.09mi	3/2.0	1,421 (+9%)	3mo	$122,197	$86	78
2801 Yorktowne Dr	0.15mi	3/1.0	1,200 (-8%)	4mo	$125,000	$104	72
2104 Greenwood Dr	0.55mi	3/2.0	1,340 (+3%)	6mo	$205,000	$153	65
2725 Cambridge Dr	0.21mi	3/2.5	1,455 (+12%)	5mo	$100,000	$69	64
144 Palmetto Dr	0.54mi	3/2.0	1,382 (+6%)	4mo	$219,000	$158	62
18 Grigio Loop	0.66mi	3/2.0	1,236 (-5%)	0mo	$228,000	$184	60
756 Lemoyne Dr	0.57mi	3/2.0	1,400 (+7%)	2mo	$122,900	$88	59
2413 Yorktowne Dr	0.47mi	3/2.0	1,455 (+12%)	2mo	$95,000	$65	57
734 Bienville St	0.73mi	3/2.0	1,237 (-5%)	2mo	$127,400	$103	56
701 La Salle Dr	0.57mi	3/2.0	1,490 (+14%)	1mo	$192,000	$129	49
729 Iberville St	0.66mi	3/2.0	1,152 (-12%)	7mo	$135,000	$117	44
24 Oxford Dr	0.64mi	3/2.0	1,477 (+13%)	7mo	$137,500	$93	42

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: -16.6%
• Equity multiple: 0.41×
• Total profit: $-24,744
• Equity at exit: $22,351

10-year hold

• IRR: -8.1%
• Equity multiple: 0.49×
• Total profit: $-21,449
• Equity at exit: $12,961

Cash invested: $41,972 (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 70068

• Home prices YoY: -20.1%
• Active inventory: 180
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,749 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$118 /mo · $1,412/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $-11

Break-even live

Break-even rent $1,763

Max offer price $147,961

Occupancy floor 96%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1716 Yorktowne Dr Laplace, LA	4.0	1.0	1509	$1,500	$0.99	23d	1	1.05mi

Listing history 21 events

1. 2026-06-19
   days on market $149,900 Active 34 DOM
2. 2026-06-18
   days on market $149,900 Active 33 DOM
3. 2026-06-17
   days on market $149,900 Active 32 DOM
4. 2026-06-16
   days on market $149,900 Active 31 DOM
5. 2026-06-15
   days on market $149,900 Active 30 DOM
6. 2026-06-14
   days on market $149,900 Active 28 DOM
7. 2026-06-13
   days on market $149,900 Active 27 DOM
8. 2026-06-10
   days on market $149,900 Active 25 DOM
9. 2026-06-09
   days on market $149,900 Active 24 DOM
10. 2026-06-08
    days on market $149,900 Active 23 DOM
11. 2026-06-07
    days on market $149,900 Active 22 DOM
12. 2026-06-02
    days on market $149,900 Active 17 DOM
13. 2026-06-01
    days on market $149,900 Active 16 DOM
14. 2026-05-31
    days on market $149,900 Active 15 DOM
15. 2026-05-30
    days on market $149,900 Active 14 DOM
16. 2026-05-16
    listed $149,900 Active

    Show marketing remark (664 chars)

    Charming 3-Bedroom Home with Open Floor Plan in LaPlace This well-maintained 3-bedroom, 2-bath home at 3008 Yorktowne Dr offers a functional open floor plan designed for comfortable living and easy flow between the main living areas. The spacious layout provides flexibility for a variety of uses, with ample natural light throughout. The property is currently tenant-occupied on a month-to-month basis, presenting an opportunity for both owner-occupants and investors. Showings require advance notice. Conveniently located with access to local amenities, shopping, and major roadways. Schedule your private showing today to explore the potential this home offers.

17. 2026-05-16
    listed $149,900 Active 664-char remark

    Show marketing remark (664 chars)

    Charming 3-Bedroom Home with Open Floor Plan in LaPlace This well-maintained 3-bedroom, 2-bath home at 3008 Yorktowne Dr offers a functional open floor plan designed for comfortable living and easy flow between the main living areas. The spacious layout provides flexibility for a variety of uses, with ample natural light throughout. The property is currently tenant-occupied on a month-to-month basis, presenting an opportunity for both owner-occupants and investors. Showings require advance notice. Conveniently located with access to local amenities, shopping, and major roadways. Schedule your private showing today to explore the potential this home offers.

18. 2024-07-31
    soldstatus $75,000 Closed 249-char remark

    Show marketing remark (249 chars)

    Calling all investors! Explore the potential of this 3 bed, 2 bath property with endless possibilities. Bring your vision and creativity to transform this house into a dream home. Don't miss out—schedule a showing today to see it for yourself!

19. 2024-07-08
    historical Active Under Contract 249-char remark

    Show marketing remark (249 chars)

    Calling all investors! Explore the potential of this 3 bed, 2 bath property with endless possibilities. Bring your vision and creativity to transform this house into a dream home. Don't miss out—schedule a showing today to see it for yourself!

20. 2024-07-03
    listed $85,000 Active 249-char remark

    Show marketing remark (249 chars)

    Calling all investors! Explore the potential of this 3 bed, 2 bath property with endless possibilities. Bring your vision and creativity to transform this house into a dream home. Don't miss out—schedule a showing today to see it for yourself!

21. 2024-07-03
    listed $85,000

    Show marketing remark (249 chars)

    Calling all investors! Explore the potential of this 3 bed, 2 bath property with endless possibilities. Bring your vision and creativity to transform this house into a dream home. Don't miss out—schedule a showing today to see it for yourself!

ⓘ 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: $1,412 · $118/mo
• Projected year-2 tax: $1,412 · $118/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,989
• − Mortgage interest: −$8,397
• − Property taxes: −$1,412
• − Insurance: −$5,868
• − Repairs & maintenance: −$1,679
• − Management: −$1,679
• − Depreciation: −$4,361
• Taxable loss: −$2,407
• Est. tax savings @ 24.0%: +$578
• After-tax cash flow: $446/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: St. John The Baptist Parish
• NCES district ID: 2201530
• Math proficiency: 13% ▼ -42.00%
• Reading proficiency: 25% ▼ -39.00%
• Median HH income: $50,280
• Composite: 17.07/100
• National rank: #9120
• State rank: #68 of 98 in LA

Livability — Laplace

• Score: 70/100
• State rank: #61
• US rank: #7898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laplace, LA
• County: Saint John the Baptist Parish · 32,720 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 32,720
• Household income: $68,459
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 750.0

Population outlook (St. John the Baptist County) Hauer SSP2

• Today (2025): 40,972 people
• By 2030: 39,295 · -4.1%
• By 2040: 35,902 · -12.4%
• By 2050: 32,988 · -19.5%
• By 2075: 28,661 · -30.0%
• By 2100: 26,456 · -35.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 51% White 34% Hispanic / Latino 9% Two or more races 5% Asian 1%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 11%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% Tagalog/Filipino 1%

Political lean MEDSL · St. John the Baptist

• 2024 margin: Strong D (+29.1) · D 64.0% · R 34.8% · Other 1.2%
• 2008→2024 swing: +12.9pp toward D · 2008: 16.2pp · 2024: 29.1pp
• All cycles: 2024: D+29.1 2020: D+28.2 2016: D+24.5 2012: D+26.3 2008: D+16.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.04%
• Current HPI: 239.1429
• Rent YoY: —
• Metro: New Orleans-Metairie, 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

+76.4% since first listed

6 events — show timeline

• 2026-05-16 Listed $149,900 AcadianaMLS
• 2026-05-16 Listed $149,900 GSREIN
• 2024-07-31 Sold (MLS) $75,000 GSREIN
• 2024-07-08 Contingent — GSREIN
• 2024-07-03 Listed $85,000 AcadianaMLS
• 2024-07-03 Listed $85,000 GSREIN

Property tax history

+1.8%/yr

Latest (2025): $1,412 · +0.1% YoY. Source: county tax records.