121 Casa Dr · Red Chute, LA 71037

$199,900

3 bd · 2.0 ba · 1,868 sqft · SingleFamily public records · 178 Days on market

Built 1975 8,756 sqft lot $107/sqft · 8% below area Est $208k · at est.

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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 +24.7/30.0
• ARV discount +9.2/15.0
• DSCR +8.0/10.0
• 1% rule +5.9/10.0
• Schools +3.8/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

Key facts

• Covered front porch
• Nice-sized backyard
• Dual closets

Tags

• HAUGHTON AREA
• FUNCTIONAL FLOOR PLAN
• ENSUITE BATHROOM
• DUAL CLOSETS
• NICE-SIZED BACKYARD
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 5.5% in Red Chute — 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 58/100 on livability (#290 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, schools F.
• Bossier Parish (urban): math 40% / reading 47% proficiency, ranked #17 of 98 in LA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 333 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 716 units permitted in Bossier Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($79k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Bossier County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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 F-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 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?
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: 1.09% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.91%
• DSCR: 1.40
• GRM: 7.6

CMA / ARV

• ARV (median comp): $207,838
• List price: $199,900
• Delta: -3.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
121 Casa Dr	0.00mi	3/2.0	1,793 (-4%)	0mo	$199,900	$111	93
122 Casa Dr	0.03mi	3/2.5	2,050 (+10%)	11mo	$241,000	$118	71
809 Princesa Dr	0.04mi	4/3.0 (+1)	1,619 (-13%)	0mo	$219,900	$136	67
104 Avenida Dr	0.31mi	3/2.0	1,715 (-8%)	13mo	$249,999	$146	61
202 Espanita Blvd	0.39mi	4/2.0 (+1)	1,988 (+6%)	7mo	$219,900	$111	60
413 Hacienda Cir	0.16mi	3/2.0	1,624 (-13%)	15mo	$257,500	$159	58
214 Espanita Blvd	0.37mi	3/2.0	2,083 (+12%)	9mo	$75,000	$36	56
303 Hacienda Cir	0.32mi	4/2.5 (+1)	2,070 (+11%)	8mo	$249,000	$120	54

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: -2.8%
• Equity multiple: 0.89×
• Total profit: $-5,921
• Equity at exit: $29,806

10-year hold

• IRR: 6.9%
• Equity multiple: 1.52×
• Total profit: $28,905
• Equity at exit: $17,284

Cash invested: $55,972 (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 71037

• Home prices YoY: -27.8%
• Active inventory: 333
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,189 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$182 /mo · $2,182/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $416

Break-even live

Break-even rent $1,663

Max offer price $199,900

Occupancy floor 76%

Sensitivity live

Price	-10% $529	-5% $472	+0% $416	+5% $359	+10% $303
Rent	-10% $243	-5% $329	+0% $416	+5% $502	+10% $589
Rate	-1.0pp $516	-0.5pp $467	base $416	+0.5pp $364	+1.0pp $311

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
369 Wood Spgs Haughton, LA	4.0	2.0	1890	$2,300	$1.22	14d	1	1.09mi
701 Fir Wood Ln Haughton, LA	4.0	3.0	2065	$2,400	$1.16	44d	1	1.19mi

Listing history 24 events

1. 2026-06-16
   status $199,900 Pending 178 DOM
2. 2026-06-16
   days on market $199,900 Active Contingent 178 DOM
3. 2026-06-15
   days on market $199,900 Active Contingent 177 DOM
4. 2026-06-14
   days on market $199,900 Active Contingent 175 DOM
5. 2026-06-13
   days on market $199,900 Active Contingent 174 DOM
6. 2026-06-10
   days on market $199,900 Active Contingent 172 DOM
7. 2026-06-09
   days on market $199,900 Active Contingent 171 DOM
8. 2026-06-08
   days on market $199,900 Active Contingent 170 DOM
9. 2026-06-07
   days on market $199,900 Active Contingent 169 DOM
10. 2026-06-02
    days on market $199,900 Active Contingent 164 DOM
11. 2026-06-01
    days on market $199,900 Active Contingent 163 DOM
12. 2026-05-31
    days on market $199,900 Active Contingent 162 DOM
13. 2026-05-30
    days on market $199,900 Active Contingent 161 DOM
14. 2026-05-20
    price $199,900 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

15. 2026-05-07
    price $205,000 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

16. 2026-04-23
    price $210,000 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

17. 2026-04-09
    price $214,900 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

18. 2026-03-26
    price $219,900 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

19. 2026-03-12
    price $224,900 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

20. 2026-01-15
    price $229,900 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

21. 2025-12-20
    listed $239,900 Active 1227-char remark

    Show marketing remark (1227 chars)

    VA, FHA, and USDA financing welcome — minutes from Barksdale AFB and move-in ready. If you've been searching for space, comfort, and an unbeatable location near Barksdale AFB, this one deserves a look. The oversized living room impresses with dramatic vaulted ceilings and room for everyone to spread out. The kitchen and dining space flow seamlessly together, making everyday living and weekend entertaining feel effortless. The bedroom wing is thoughtfully separated from the main living areas, and new flooring throughout means no carpet anywhere in the home — just clean, low-maintenance finishes ready for move-in day. Major systems have been updated within the last decade, giving you confidence in the bones of this well-established home. Step outside and you'll find covered porches on both the front and back, plus a large fenced backyard — whether it's morning coffee, afternoon play, or an evening gathering, you've got the space for it. Situated outside city limits in Haughton's established Espanita Village and zoned for Princeton Elementary, Haughton Middle, and Haughton High School, this is a location that's hard to beat. Competitively priced and financing-ready. Owner Agent.

22. 2018-04-23
    soldstatus $175,000
23. 2017-10-17
    soldstatus $154,000
24. 1996-02-29
    soldstatus $82,400

ⓘ 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: $2,182 · $182/mo
• Projected year-2 tax: $2,182 · $182/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $26,266
• − Mortgage interest: −$11,198
• − Property taxes: −$2,182
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − Depreciation: −$5,815
• Taxable income: $1,869
• Est. tax owed @ 24.0%: −$449
• After-tax cash flow: $4,540/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: Bossier Parish
• NCES district ID: 2200270
• Math proficiency: 40% ▼ -32.00%
• Reading proficiency: 47% ▼ -28.00%
• Median HH income: $51,326
• Composite: 37.5/100
• National rank: #4402
• State rank: #17 of 98 in LA

Livability — Red Chute

• Score: 58/100
• State rank: #290
• US rank: #20659

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: Red Chute, LA
• County: Bossier Parish · 98,704 people
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 21,192
• Household income: $78,571
• Rent vs Own: 14.1% rent · 85.9% own
• Severe rent burden: 171.0

Population outlook (Bossier County) Hauer SSP2

• Today (2025): 143,247 people
• By 2030: 151,802 · +6.0%
• By 2040: 168,194 · +17.4%
• By 2050: 183,533 · +28.1%
• By 2075: 217,009 · +51.5%
• By 2100: 230,091 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Hispanic / Latino 6% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Bossier

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.3%
• 2008→2024 swing: +0.3pp no change · 2008: -43.7pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.0 2016: R+45.8 2012: R+45.4 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.53%
• Current HPI: 154.5064
• Rent YoY: —
• Metro: Shreveport-Bossier City, 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

+142.6% since first listed

11 events — show timeline

• 2026-05-20 Price Changed $199,900 NTREIS
• 2026-05-07 Price Changed $205,000 NTREIS
• 2026-04-23 Price Changed $210,000 NTREIS
• 2026-04-09 Price Changed $214,900 NTREIS
• 2026-03-26 Price Changed $219,900 NTREIS
• 2026-03-12 Price Changed $224,900 NTREIS
• 2026-01-15 Price Changed $229,900 NTREIS
• 2025-12-20 Listed $239,900 NTREIS
• 2018-04-23 Sold (Public Records) $175,000 Public Records
• 2017-10-17 Sold (Public Records) $154,000 Public Records
• 1996-02-29 Sold (Public Records) $82,400 Public Records

Property tax history

+9.6%/yr

Latest (2025): $2,182 · +65.1% YoY. Source: county tax records.