1008 Andrew Dr · Parks, LA 70582

$52,900

3 bd · 2.0 ba · 1,440 sqft · SingleFamily public records · 90 Days on market

Built 1984 1.15 ac lot $37/sqft · 78% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property is eligible under the Freddie Mac First Look Initiative through 04/20/2026. AS IS sale. FP blocked off at the top, it is NON-functional.Primary suite offers 2 bathroom areas, one with shower, one with a soaking tub. This large lot offers 1+ acre for your enjoyment. Covered patio area overlooks backyard. Termite treatment performed Jan 2026.

Key facts

• 1.15 acre lot
• Parking
• Built 1984

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $53k.

Deal economics

• At list price, monthly cash flow is $596 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $53k).
• Recommended offer: $50k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.8% vs local median 2.6% in Parks — 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 64/100 on livability (#182 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: employment C-, schools D-, crime F.
• St. Martin Parish (rural): math 23% / reading 32% proficiency, ranked #49 of 98 in LA (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 125 active listings in the ZIP; 54 units permitted in St. Martin Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $366 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• St. Martin County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $62k (54%) 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,726 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.26% ✓
• Cap rate: 19.82%
• Cash-on-cash: 48.32%
• DSCR: 3.15
• GRM: 3.7

CMA / ARV

• ARV (median comp): $255,478
• List price: $52,900
• Delta: -79.29%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 45.8%
• Equity multiple: 2.99×
• Total profit: $29,421
• Equity at exit: $7,888

10-year hold

• IRR: 51.6%
• Equity multiple: 6.03×
• Total profit: $74,561
• Equity at exit: $4,574

Cash invested: $14,812 (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 70582

• Home prices YoY: -23.8%
• Active inventory: 125
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,195 medium
• Mortgage (P&I): −$277
• Tax from tax record: −$48 /mo · $573/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $596

Break-even live

Break-even rent $440

Max offer price $52,900

Occupancy floor 45%

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: $13,225
• Closing costs: $1,587
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $52,900 Active 90 DOM
2. 2026-06-17
   days on market $52,900 Active 89 DOM
3. 2026-06-16
   days on market $52,900 Active 88 DOM
4. 2026-06-15
   days on market $52,900 Active 87 DOM
5. 2026-06-14
   days on market $52,900 Active 85 DOM
6. 2026-06-13
   days on market $52,900 Active 84 DOM
7. 2026-06-10
   days on market $52,900 Active 82 DOM
8. 2026-06-09
   days on market $52,900 Active 81 DOM
9. 2026-06-08
   days on market $52,900 Active 80 DOM
10. 2026-06-07
    days on market $52,900 Active 79 DOM
11. 2026-06-05
    days on market $52,900 Active 76 DOM
12. 2026-06-02
    days on market $52,900 Active 74 DOM
13. 2026-06-01
    days on market $52,900 Active 73 DOM
14. 2026-05-31
    days on market $52,900 Active 72 DOM
15. 2026-05-30
    days on market $52,900 Active 71 DOM
16. 2026-05-05
    price $52,900 356-char remark

    Show marketing remark (356 chars)

    This property is eligible under the Freddie Mac First Look Initiative through 04/20/2026. AS IS sale. FP blocked off at the top, it is NON-functional.Primary suite offers 2 bathroom areas, one with shower, one with a soaking tub. This large lot offers 1+ acre for your enjoyment. Covered patio area overlooks backyard. Termite treatment performed Jan 2026.

17. 2026-04-06
    price $56,900 356-char remark

    Show marketing remark (356 chars)

    This property is eligible under the Freddie Mac First Look Initiative through 04/20/2026. AS IS sale. FP blocked off at the top, it is NON-functional.Primary suite offers 2 bathroom areas, one with shower, one with a soaking tub. This large lot offers 1+ acre for your enjoyment. Covered patio area overlooks backyard. Termite treatment performed Jan 2026.

18. 2026-03-20
    listed $114,900 Active 356-char remark

    Show marketing remark (356 chars)

    This property is eligible under the Freddie Mac First Look Initiative through 04/20/2026. AS IS sale. FP blocked off at the top, it is NON-functional.Primary suite offers 2 bathroom areas, one with shower, one with a soaking tub. This large lot offers 1+ acre for your enjoyment. Covered patio area overlooks backyard. Termite treatment performed Jan 2026.

19. 2025-10-17
    soldstatus $81,060
20. 2025-09-11
    listed $1 Active
21. 2012-11-29
    soldstatus $40,299
22. 2012-08-09
    listed $40,000

ⓘ 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: $573 · $48/mo
• Projected year-2 tax: $573 · $48/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,334
• − Mortgage interest: −$2,963
• − Property taxes: −$573
• − Insurance: −$264
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$1,539
• Taxable income: $6,701
• Est. tax owed @ 24.0%: −$1,608
• After-tax cash flow: $5,549/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. Martin Parish
• NCES district ID: 2201590
• Math proficiency: 23% ▼ -44.00%
• Reading proficiency: 32% ▼ -36.00%
• Median HH income: $42,813
• Composite: 23.41/100
• National rank: #7897
• State rank: #49 of 98 in LA

Livability — Parks

• Score: 64/100
• State rank: #182
• US rank: #14793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 19,159

Population outlook (St. Martin County) Hauer SSP2

• Today (2025): 57,446 people
• By 2030: 58,857 · +2.5%
• By 2040: 60,859 · +5.9%
• By 2050: 61,419 · +6.9%
• By 2075: 61,574 · +7.2%
• By 2100: 57,253 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 30% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 15%
• Foreign-born: 1%
• Languages at home: 92% English-only · French/Haitian/Cajun 7% Spanish 1%

Political lean MEDSL · St. Martin

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.0%
• 2008→2024 swing: -20.0pp toward R · 2008: -20.7pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+36.1 2016: R+33.4 2012: R+24.5 2008: R+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.36%
• Current HPI: 155.151
• 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

+32.2% since first listed

7 events — show timeline

• 2026-05-05 Price Changed $52,900 AcadianaMLS
• 2026-04-06 Price Changed $56,900 AcadianaMLS
• 2026-03-20 Listed $114,900 AcadianaMLS
• 2025-10-17 Sold (Public Records) $81,060 Public Records
• 2025-09-11 Listed $1 AcadianaMLS
• 2012-11-29 Sold (MLS) $40,299 AcadianaMLS
• 2012-08-09 Listed $40,000 AcadianaMLS

Property tax history

-1.8%/yr

Latest (2025): $573 · +0.0% YoY. Source: county tax records.