7351 Main St · Houma, LA 70360

$100,000

3 bd · 1.0 ba · 1,279 sqft · Other · 50 Days on market

Built 1960 4,791 sqft lot $78/sqft · at area comps Est $101k · at est.

---

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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.7/15.0
• Schools +3.3/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

Key facts

• 4,791 sq ft lot
• 2 parking spots
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $100k.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 4.0% in Houma — 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 (#165 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D, crime D-, amenities F.
• Terrebonne Parish (other): math 32% / reading 46% proficiency, ranked #23 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.8%/yr); 355 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 300 units permitted in Terrebonne Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $97,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is D 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: 1.48% ✓
• Cap rate: 12.86%
• Cash-on-cash: 23.45%
• DSCR: 2.04
• GRM: 5.6

CMA / ARV

• ARV (median comp): $100,515
• List price: $100,000
• Delta: -0.51%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: 16.3%
• Equity multiple: 1.66×
• Total profit: $18,364
• Equity at exit: $14,910

10-year hold

• IRR: 24.8%
• Equity multiple: 3.13×
• Total profit: $59,700
• Equity at exit: $8,646

Cash invested: $28,000 (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 70360

• Rents YoY: 2.8%
• Active inventory: 355
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,483 high
• Mortgage (P&I): −$524
• Tax from tax record: −$58 /mo · $701/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $547

Break-even live

Break-even rent $790

Max offer price $100,000

Occupancy floor 58%

Sensitivity live

Price	-10% $604	-5% $576	+0% $547	+5% $519	+10% $491
Rent	-10% $430	-5% $489	+0% $547	+5% $606	+10% $664
Rate	-1.0pp $598	-0.5pp $573	base $547	+0.5pp $521	+1.0pp $495

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
110 Marcel Ln Unit A Houma, LA	2.0	1.0	908	$1,350	$1.49	44d	1	0.52mi
108 Marcel Ln Unit B Houma, LA	2.0	1.0	908	$1,350	$1.49	44d	1	0.55mi
1140 Church St Unit B Houma, LA	2.0	1.0	1000	$1,150	$1.15	44d	1	0.99mi
717 Wood St Houma, LA	3.0	2.0	1534	$1,300	$0.85	44d	1	1.04mi
735 A School St Unit A Houma, LA	3.0	2.0	1450	$1,600	$1.10	44d	1	1.05mi
179 Garnet St Unit B Houma, LA	3.0	1.0	1100	$1,200	$1.09	44d	1	1.32mi
100 Belmere Luxury Ct Houma, LA	1.0–3.0	1.0–2.0	1076	$1,645	$1.53	44d	27	1.32mi
461 S Hollywood Rd Houma, LA	1.0–3.0	1.0–2.0	1140	$1,575	$1.38	44d	17	1.49mi

Listing history 26 events

1. 2026-06-19
   days on market $100,000 Active 50 DOM
2. 2026-06-18
   days on market $100,000 Active 49 DOM
3. 2026-06-17
   days on market $100,000 Active 48 DOM
4. 2026-06-16
   days on market $100,000 Active 47 DOM
5. 2026-06-15
   days on market $100,000 Active 46 DOM
6. 2026-06-14
   days on market $100,000 Active 44 DOM
7. 2026-06-13
   days on market $100,000 Active 43 DOM
8. 2026-06-10
   days on market $100,000 Active 41 DOM
9. 2026-06-09
   days on market $100,000 Active 40 DOM
10. 2026-06-08
    days on market $100,000 Active 39 DOM
11. 2026-06-07
    days on market $100,000 Active 38 DOM
12. 2026-06-05
    days on market $100,000 Active 35 DOM
13. 2026-06-03
    days on market $100,000 Active 34 DOM
14. 2026-06-02
    days on market $100,000 Active 33 DOM
15. 2026-06-01
    days on market $100,000 Active 32 DOM
16. 2026-05-31
    days on market $100,000 Active 31 DOM
17. 2026-05-30
    days on market $100,000 Active 30 DOM
18. 2026-05-11
    status Active 115-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

19. 2026-05-11
    status Active 116-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

20. 2026-04-29
    status Pending 115-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

21. 2026-04-29
    status Pending 116-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

22. 2026-04-17
    listed $100,000 Active 115-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

23. 2026-04-17
    listed $100,000 Active 116-char remark

    Show marketing remark (116 chars)

    INVESTOR ALERT! Post-Ida roof, bones are solid, Flood X - NO FLOOD INSURANCE REQUIRED! Being sold "as is"

24. 2008-02-08
    listed $65,000
25. 2005-03-01
    soldstatus
26. 1997-09-05
    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: $701 · $58/mo
• Projected year-2 tax: $701 · $58/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 6/10 Major FEMA zone X (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 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: $17,798
• − Mortgage interest: −$5,602
• − Property taxes: −$701
• − Insurance: −$500
• − Repairs & maintenance: −$1,424
• − Management: −$1,424
• − Depreciation: −$2,909
• Taxable income: $5,239
• Est. tax owed @ 24.0%: −$1,257
• After-tax cash flow: $5,310/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: Terrebonne Parish
• NCES district ID: 2201740
• Math proficiency: 32% ▼ -36.00%
• Reading proficiency: 46% ▼ -30.00%
• Median HH income: $47,612
• Composite: 33.38/100
• National rank: #5480
• State rank: #23 of 98 in LA

Livability — Houma

• Score: 64/100
• State rank: #165
• US rank: #13966

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houma, LA
• County: Terrebonne Parish · 57,290 people
• City population: 57,290
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 28,574
• Household income: $84,890
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 811.0

Population outlook (Terrebonne County) Hauer SSP2

• Today (2025): 118,724 people
• By 2030: 120,321 · +1.3%
• By 2040: 121,894 · +2.7%
• By 2050: 121,119 · +2.0%
• By 2075: 117,270 · -1.2%
• By 2100: 107,544 · -9.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 6% Hispanic / Latino 6% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 24% Armenian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 3% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Terrebonne

• 2024 margin: Solid R (+51.8) · D 23.5% · R 75.3% · Other 1.2%
• 2008→2024 swing: -11.0pp toward R · 2008: -40.9pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+50.0 2016: R+48.4 2012: R+41.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.43%
• Current HPI: 138.5984
• Rent YoY: ▲ 2.82%
• Metro: Houma-Thibodaux, 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

+53.8% since first listed

9 events — show timeline

• 2026-05-11 Relisted — AcadianaMLS
• 2026-05-11 Relisted — GBRMLS
• 2026-04-29 Pending — AcadianaMLS
• 2026-04-29 Pending — GBRMLS
• 2026-04-17 Listed $100,000 GBRMLS
• 2026-04-17 Listed $100,000 AcadianaMLS
• 2008-02-08 Listed $65,000 AcadianaMLS
• 2005-03-01 Sold (Public Records) — Public Records
• 1997-09-05 Sold (Public Records) — Public Records

Property tax history

+1.6%/yr

Latest (2025): $701 · -2.3% YoY. Source: county tax records.