3618 Atwater Villas Ave · St. Gabriel, LA 70810

$331,992

4 bd · 3.0 ba · 2,072 sqft · Land · 45 Days on market

Built 2026 6,011 sqft lot $160/sqft · 6% above area Est $313k · 6% over $50/mo HOA · 2% of rent

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Why this score? — see what drove the F 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 +13.3/30.0
• ARV discount +4.8/15.0
• DSCR +4.0/10.0
• Rent growth +2.7/5.0
• 1% rule +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* 3.99 rate is a 2/1 buydown for the first 12 months. Contact Builder Sales Rep(s) for current incentive details. * The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

Key facts

• 6,011 sq ft lot
• Garage
• Built 2026

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $332k.

Deal economics

• At list price, monthly cash flow is $1 ($14/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (23.7% below list).
• Recommended offer: $253k (23.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.0% in St. Gabriel — 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: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• 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 flat; 625 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 33% of the median local income ($92k/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 $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($322k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts 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.

Recommended offer $253,300 (23.7% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.76% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.02%
• DSCR: 1.00
• GRM: 10.9

CMA / ARV

• ARV (median comp): $312,970
• List price: $331,992
• Delta: 6.08%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.68% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.36×
• Total profit: $-59,643
• Equity at exit: $49,501

10-year hold

• IRR: -15.8%
• Equity multiple: 0.19×
• Total profit: $-75,055
• Equity at exit: $28,705

Cash invested: $92,958 (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 70810

• Rents YoY: 0.7%
• Active inventory: 625
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,533 medium
• Mortgage (P&I): −$1,741
• Tax from tax record: −$71 /mo · $847/yr
• Insurance: −$138
• HOA: −$50
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $1

Break-even live

Break-even rent $2,531

Max offer price $331,992

Occupancy floor 95%

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: $82,998
• Closing costs: $9,960
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3429 C. Cooper Ct Baton Rouge, LA	3.0	2.0	1463	$2,600	$1.78	14d	1	0.21mi
2904 Rue Dauphine Baton Rouge, LA	4.0	3.0	2622	$3,700	$1.41	44d	1	1.21mi
3111 Nicholson Lake Dr Baton Rouge, LA	3.0	2.0	1468	$2,000	$1.36	21d	1	1.46mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: watergasinternetlandscaping

Listing history 14 events

1. 2026-06-03
   status $331,992 Pending 45 DOM
2. 2026-06-02
   days on market $331,992 Active 45 DOM
3. 2026-06-01
   days on market $331,992 Active 44 DOM
4. 2026-05-31
   days on market $331,992 Active 43 DOM
5. 2026-05-31
   days on market $331,992 Active 42 DOM
6. 2026-05-19
   status Active 912-char remark

   Show marketing remark (794 chars)

   The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

7. 2026-05-19
   status Active 794-char remark

   Show marketing remark (794 chars)

   The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

8. 2026-05-19
   status Active

   Show marketing remark (794 chars)

   The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

9. 2026-05-09
   historical 912-char remark

   Show marketing remark (912 chars)

   * 3.99 rate is a 2/1 buydown for the first 12 months. Contact Builder Sales Rep(s) for current incentive details. * The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

10. 2026-05-08
    status Pending 794-char remark

    Show marketing remark (794 chars)

    The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

11. 2026-05-08
    status Pending

    Show marketing remark (794 chars)

    The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

12. 2026-04-07
    listed $329,992 Active 912-char remark

    Show marketing remark (794 chars)

    The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

13. 2026-04-07
    listed $329,992 Active

    Show marketing remark (794 chars)

    The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

14. 2026-04-07
    listed $329,992 Active 794-char remark

    Show marketing remark (794 chars)

    The FLEETWOOD III A in Atwater Villas community offers a 4 bedroom, 3 full bathroom, open design. The community is nestled along the scenic River Road and features pond lots, walking trails, future pickleball courts, and common areas. Features: double vanity, garden tub, separate shower, and walk-in closet in the primary suite, double vanity in the second bathroom, en suite bathroom in bedroom 4, a kitchen island, walk-in pantry, covered rear porch, ceiling fans in the living room and primary bedroom are standard, smart connect wi-fi thermostat, smoke and carbon monoxide detectors, post tension slab, landscaping, architectural 30-year shingles, flood lights, and more! Energy Efficient Features: a tankless gas water heater, a kitchen appliance package, low E tilt-in windows, and more!

ⓘ 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: $847 · $71/mo
• Projected year-2 tax: $1,826 · $152/mo
• Expected delta: +$979/yr (+$82/mo · 115.7%)

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

Taxation est. · year 1

• Rental income: $30,396
• − Mortgage interest: −$18,597
• − Property taxes: −$847
• − Insurance: −$1,660
• − Repairs & maintenance: −$2,432
• − Management: −$2,432
• − HOA: −$600
• − Depreciation: −$9,658
• Taxable loss: −$5,829
• Est. tax savings @ 24.0%: +$1,399
• After-tax cash flow: $1,413/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 — St. Gabriel

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: East Baton Rouge Parish · 399,686 people
• City population: 6,672
• Metro: Baton Rouge, LA
• Population (ZIP): 42,659
• Household income: $92,098
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1106.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 55% Black 29% Hispanic / Latino 7% Two or more races 6% Asian 6%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 11% Slovak 2% Scottish 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -117.55%
• Current HPI: 172.7593
• Rent YoY: ▲ 0.68%
• 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

+0.0% since first listed

9 events — show timeline

• 2026-05-19 Relisted — Zillow
• 2026-05-19 Relisted — AcadianaMLS
• 2026-05-19 Relisted — GBRMLS
• 2026-05-09 Delisted — Zillow
• 2026-05-08 Pending — AcadianaMLS
• 2026-05-08 Pending — GBRMLS
• 2026-04-07 Listed $329,992 Zillow
• 2026-04-07 Listed $329,992 GBRMLS
• 2026-04-07 Listed $329,992 AcadianaMLS

Property tax history

+377.7%/yr

Latest (2025): $847 · +377.7% YoY. Source: county tax records.