127 Legion Ln · Opelousas, LA 70570

$29,999

2 bd · 1.0 ba · 525 sqft · Other · 138 Days on market

2,178 sqft lot $57/sqft · 98% above area ↓ 35% since listing

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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 +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

Key facts

• Outdoor entertaining
• Quiet dead-end road
• Space for pets

Tags

• FULLY FENCED YARD
• QUIET DEAD-END ROAD
• SPACE FOR PETS
• OUTDOOR ENTERTAINING
• PEACEFUL SETTING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $30k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($790 rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.1% vs local median 4.0% in Opelousas — 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 63/100 on livability (#187 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. Landry Parish (town): math 20% / reading 33% proficiency, ranked #54 of 98 in LA (top 55%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 309 active listings in the ZIP; 142 units permitted in St. Landry Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• St. Landry County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $16k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $26,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 2.63% ✓
• Cap rate: 24.12%
• Cash-on-cash: 63.68%
• DSCR: 3.83
• GRM: 3.2

CMA / ARV

• ARV (median comp): $15,126
• List price: $29,999
• Delta: 98.33%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 43.1%
• Equity multiple: 2.86×
• Total profit: $15,627
• Equity at exit: $4,473

10-year hold

• IRR: 49.2%
• Equity multiple: 5.78×
• Total profit: $40,188
• Equity at exit: $2,594

Cash invested: $8,400 (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 70570

• Home prices YoY: -34.7%
• Active inventory: 309
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $790 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$9 /mo · $106/yr
• Insurance: −$12
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$166
• Net cashflow: $321

Break-even live

Break-even rent $385

Max offer price $29,999

Occupancy floor 54%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $29,999 Active 138 DOM
2. 2026-06-17
   days on market $29,999 Active 137 DOM
3. 2026-06-16
   days on market $29,999 Active 136 DOM
4. 2026-06-15
   days on market $29,999 Active 135 DOM
5. 2026-06-13
   days on market $29,999 Active 133 DOM
6. 2026-06-12
   days on market $29,999 Active 132 DOM
7. 2026-06-09
   days on market $29,999 Active 129 DOM
8. 2026-06-08
   days on market $29,999 Active 128 DOM
9. 2026-06-07
   days on market $29,999 Active 127 DOM
10. 2026-06-07
    days on market $29,999 Active 126 DOM
11. 2026-06-04
    days on market $29,999 Active 123 DOM
12. 2026-06-02
    days on market $29,999 Active 122 DOM
13. 2026-06-01
    days on market $29,999 Active 121 DOM
14. 2026-05-31
    days on market $29,999 Active 120 DOM
15. 2026-05-31
    days on market $29,999 Active 119 DOM
16. 2026-03-18
    status Active 430-char remark

    Show marketing remark (430 chars)

    Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

17. 2026-03-14
    status Pending 430-char remark

    Show marketing remark (430 chars)

    Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

18. 2026-03-06
    price $29,999 430-char remark

    Show marketing remark (430 chars)

    Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

19. 2026-02-09
    price $36,000 430-char remark

    Show marketing remark (430 chars)

    Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

20. 2026-01-27
    listed $46,000 Active 430-char remark

    Show marketing remark (430 chars)

    Charming 2-bedroom, 1-bath cottage tucked away at the end of a quiet dead-end road, offering privacy and a peaceful setting. The fully fenced yard provides space for pets, gardening, or outdoor entertaining. Whether you're looking for a cozy primary residence or a solid investment opportunity, this property delivers versatility, comfort, and location. A great option for buyers seeking low-maintenance living with added privacy.

ⓘ 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: $106 · $9/mo
• Projected year-2 tax: $165 · $14/mo
• Expected delta: +$59/yr (+$5/mo · 55.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°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: $9,486
• − Mortgage interest: −$1,680
• − Property taxes: −$106
• − Insurance: −$1,652
• − Repairs & maintenance: −$759
• − Management: −$759
• − Depreciation: −$873
• Taxable income: $3,656
• Est. tax owed @ 24.0%: −$877
• After-tax cash flow: $2,969/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. Landry Parish
• NCES district ID: 2201560
• Math proficiency: 20% ▼ -43.00%
• Reading proficiency: 33% ▼ -35.00%
• Median HH income: $32,635
• Composite: 21.59/100
• National rank: #8303
• State rank: #54 of 98 in LA

Livability — Opelousas

• Score: 63/100
• State rank: #187
• US rank: #14928

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 37,188

Population outlook (St. Landry County) Hauer SSP2

• Today (2025): 83,114 people
• By 2030: 82,110 · -1.2%
• By 2040: 79,445 · -4.4%
• By 2050: 75,855 · -8.7%
• By 2075: 65,684 · -21.0%
• By 2100: 51,739 · -37.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 37% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Lithuanian 8%
• Foreign-born: 1% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 5% Spanish 3%

Political lean MEDSL · St. Landry

• 2024 margin: R (+18.8) · D 40.0% · R 58.9% · Other 1.1%
• 2008→2024 swing: -15.6pp toward R · 2008: -3.2pp · 2024: -18.8pp
• All cycles: 2024: R+18.8 2020: R+14.1 2016: R+11.9 2012: R+4.3 2008: R+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.38%
• Current HPI: 98.4256
• 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

-34.8% since first listed

5 events — show timeline

• 2026-03-18 Relisted — AcadianaMLS
• 2026-03-14 Pending — AcadianaMLS
• 2026-03-06 Price Changed $29,999 AcadianaMLS
• 2026-02-09 Price Changed $36,000 AcadianaMLS
• 2026-01-27 Listed $46,000 AcadianaMLS

Property tax history

-1.2%/yr

Latest (2025): $106 · +0.0% YoY. Source: county tax records.