208 Church St · Bogalusa, LA 70427

$55,000

2 bd · 1.0 ba · 1,100 sqft · SingleFamily · 79 Days on market

Built 1967 5,227 sqft lot $50/sqft · 14% above area Est $48k · 14% over

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.2/15.0
• Schools +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming, recently updated 2-bedroom, 1-bath gem! Tucked away on a quiet street, this home offers the perfect blend of comfort and privacy. Step inside to find fresh updates throughout, creating a clean and inviting space ready for its next owner. Enjoy peace of mind with a brand-new roof and relax on the cozy screened-in front porch--perfect for morning coffee or unwinding in the evenings. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this home is one you won't want to miss!

Key facts

• Brand new roof
• 5,227 sq ft lot
• Parking

Tags

• BRAND NEW ROOF
• SCREENED IN FRONT PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $863 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Recommended offer: $52k (6.0% below list) — sets the bar for market timing.
• Cap rate 25.1% vs local median 6.0% in Bogalusa — 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 59/100 on livability (#273 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, crime F, amenities F.
• City Of Bogalusa School District (town): math 4% / reading 14% proficiency, ranked #96 of 98 in LA (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 87 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10 units permitted in Washington Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 8y 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 $15k; list at $55k implies a 267% gain — meaningful room to come down on a strong offer.

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 $51,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 2.75% ✓
• Cap rate: 25.13%
• Cash-on-cash: 67.26%
• DSCR: 3.99
• GRM: 3.0

CMA / ARV

• ARV (median comp): $48,204
• List price: $55,000
• Delta: 14.10%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1316 Jefferson St	0.21mi	3/1.0 (+1)	1,176 (+7%)	10mo	$18,000	$15	66
1402 Jefferson St	0.22mi	2/1.0	1,000 (-9%)	14mo	$24,500	$25	63
521 Erie Ave	0.70mi	2/1.0	1,092 (-1%)	5mo	$35,000	$32	62
1025 Van Buren St	0.50mi	2/—	1,044 (-5%)	15mo	$24,000	$23	56
803 N Border Dr	0.50mi	2/1.0	1,257 (+14%)	3mo	$129,000	$103	50
604 N Border Dr	0.43mi	3/1.5 (+1)	1,261 (+15%)	9mo	$89,900	$71	41
410 Ontario Ave	0.62mi	2/1.0	1,000 (-9%)	19mo	$50,000	$50	40
743 Saint Augustine St	0.56mi	2/1.0	1,225 (+11%)	23mo	$133,000	$109	36
836 N Columbia St	0.66mi	3/2.0 (+1)	1,248 (+14%)	16mo	$45,000	$36	25

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: 66.6%
• Equity multiple: 3.99×
• Total profit: $46,056
• Equity at exit: $8,201

10-year hold

• IRR: 70.8%
• Equity multiple: 8.20×
• Total profit: $110,864
• Equity at exit: $4,755

Cash invested: $15,400 (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 70427

• Home prices YoY: -17.8%
• Active inventory: 87
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,511 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$19 /mo · $228/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $863

Break-even live

Break-even rent $418

Max offer price $55,000

Occupancy floor 38%

Sensitivity live

Price	-10% $894	-5% $879	+0% $863	+5% $848	+10% $832
Rent	-10% $744	-5% $804	+0% $863	+5% $923	+10% $983
Rate	-1.0pp $891	-0.5pp $877	base $863	+0.5pp $849	+1.0pp $834

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
722 Bankston Dr Bogalusa, LA	3.0	1.0	1200	$1,900	$1.58	24d	1	0.87mi
735 Ontario Ave Bogalusa, LA	2.0	1.0	1247	$1,050	$0.84	24d	1	0.99mi

Listing history 31 events

1. 2026-06-21
   days on market $55,000 Active 79 DOM
2. 2026-06-18
   days on market $55,000 Active 77 DOM
3. 2026-06-17
   days on market $55,000 Active 76 DOM
4. 2026-06-16
   days on market $55,000 Active 75 DOM
5. 2026-06-15
   days on market $55,000 Active 74 DOM
6. 2026-06-13
   days on market $55,000 Active 72 DOM
7. 2026-06-12
   days on market $55,000 Active 71 DOM
8. 2026-06-09
   days on market $55,000 Active 68 DOM
9. 2026-06-08
   days on market $55,000 Active 67 DOM
10. 2026-06-07
    days on market $55,000 Active 66 DOM
11. 2026-06-05
    days on market $55,000 Active 64 DOM
12. 2026-06-04
    days on market $55,000 Active 62 DOM
13. 2026-06-02
    days on market $55,000 Active 61 DOM
14. 2026-06-01
    days on market $55,000 Active 60 DOM
15. 2026-05-31
    days on market $55,000 Active 59 DOM
16. 2026-05-31
    days on market $55,000 Active 58 DOM
17. 2026-04-02
    listed $55,000 Active 544-char remark

    Show marketing remark (561 chars)

    Welcome home to this charming, recently updated 2-bedroom, 1-bath gem! Tucked away on a quiet street, this home offers the perfect blend of comfort and privacy. Step inside to find fresh updates throughout, creating a clean and inviting space ready for its next owner. Enjoy peace of mind with a brand-new roof and relax on the cozy screened-in front porch—perfect for morning coffee or unwinding in the evenings. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is one you won’t want to miss!

18. 2026-04-02
    listed $55,000 Active 561-char remark

    Show marketing remark (561 chars)

    Welcome home to this charming, recently updated 2-bedroom, 1-bath gem! Tucked away on a quiet street, this home offers the perfect blend of comfort and privacy. Step inside to find fresh updates throughout, creating a clean and inviting space ready for its next owner. Enjoy peace of mind with a brand-new roof and relax on the cozy screened-in front porch—perfect for morning coffee or unwinding in the evenings. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this home is one you won’t want to miss!

19. 2023-10-18
    soldstatus $15,000 Closed
20. 2023-09-19
    status Pending
21. 2023-09-05
    price $17,000
22. 2023-06-27
    listed $20,000 Active
23. 2023-06-27
    listed $17,000
24. 2020-03-03
    price $19,500
25. 2020-02-18
    listed $19,500
26. 2018-09-11
    soldstatus $10,000 Sold
27. 2018-08-13
    status Under Contract
28. 2018-07-06
    listed $12,000 Active
29. 2018-07-06
    listed $12,000
30. 2006-08-17
    soldstatus $19,000
31. 2005-04-15
    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: $228 · $19/mo
• Projected year-2 tax: $302 · $25/mo
• Expected delta: +$75/yr (+$6/mo · 32.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,129
• − Mortgage interest: −$3,081
• − Property taxes: −$228
• − Insurance: −$275
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$1,600
• Taxable income: $10,045
• Est. tax owed @ 24.0%: −$2,411
• After-tax cash flow: $7,947/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 Bogalusa School District
• NCES district ID: 2200240
• Math proficiency: 4% ▼ -30.00%
• Reading proficiency: 14% ▼ -36.00%
• Median HH income: $26,185
• Composite: 6.48/100
• National rank: #9994
• State rank: #96 of 98 in LA

Livability — Bogalusa

• Score: 59/100
• State rank: #273
• US rank: #19955

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bogalusa, LA
• Population (ZIP): 17,564

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 57% Black 34% Hispanic / Latino 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Italian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.26%
• Current HPI: 112.358
• 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

+189.5% since first listed

15 events — show timeline

• 2026-04-02 Listed $55,000 GSREIN
• 2026-04-02 Listed $55,000 AcadianaMLS
• 2023-10-18 Sold (MLS) $15,000 GSREIN
• 2023-09-19 Pending — GSREIN
• 2023-09-05 Price Changed $17,000 GSREIN
• 2023-06-27 Listed $17,000 AcadianaMLS
• 2023-06-27 Listed $20,000 GSREIN
• 2020-03-03 Price Changed $19,500 GSREIN
• 2020-02-18 Listed $19,500 AcadianaMLS
• 2018-09-11 Sold (MLS) $10,000 GSREIN
• 2018-08-13 Pending — GSREIN
• 2018-07-06 Listed $12,000 AcadianaMLS
• 2018-07-06 Listed $12,000 GSREIN
• 2006-08-17 Sold (Public Records) $19,000 Public Records
• 2005-04-15 Sold (Public Records) — Public Records

Property tax history

-2.4%/yr

Latest (2025): $228 · +0.3% YoY. Source: county tax records.