1060 Swan Ave · Baton Rouge, LA 70807

$595,000

None bd · None ba · 5,600 sqft · MultiFamily · 190 Days on market

0.68 ac lot ↓ 21% 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 +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Appreciation +4.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 7 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

Key facts

• Under construction
• 0.68 acre lot
• 14 parking spots

Tags

• 7 UNIT APARTMENT COMPLEX
• UNDER CONSTRUCTION

What this means for you Summary

Snapshot

• This is a 7 × 2-bed/?-bath units multifamily listed at $595k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive. Per door: $264/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $595k).
• Recommended offer: $524k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• 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: 101 active listings in the ZIP; lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• At $7,543/mo this rent would consume 329% of the median local household income ($28k/yr) (locally 1092% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-0.9%/yr); year-one equity from $4k of loan paydown is wiped out by about $5k 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.
• At projected returns (-0.9% appreciation + 3.0% rent growth), your $167k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($524k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $55k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $523,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.30%
• DSCR: 1.59
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.1%
• Equity multiple: 1.46×
• Total profit: $76,414
• Equity at exit: $147,308

10-year hold

• IRR: 16.1%
• Equity multiple: 2.62×
• Total profit: $270,539
• Equity at exit: $157,843

Cash invested: $166,600 (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 70807

• Home prices YoY: -1.1%
• Active inventory: 101
• Price-to-rent: 46.0×

Monthly cashflow live

• Estimated rent: $7,543 high
• Mortgage (P&I): −$3,120
• Tax est. 1.5%: −$744 /mo · $8,925/yr
• Insurance: −$248
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,584
• Net cashflow: $1,847

Break-even live

Break-even rent $5,205

Max offer price $595,000

Occupancy floor 71%

Sensitivity live

Price	-10% $2,258	-5% $2,053	+0% $1,847	+5% $1,641	+10% $1,436
Rent	-10% $1,251	-5% $1,549	+0% $1,847	+5% $2,145	+10% $2,443
Rate	-1.0pp $2,147	-0.5pp $1,998	base $1,847	+0.5pp $1,693	+1.0pp $1,536

7-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 7× units	2	—	$7,546
Total (7 units)			$7,543

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: $148,750
• Closing costs: $17,850
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-04-11
   status Pending 1065-char remark

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

2. 2026-04-11
   status Pending

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

3. 2025-11-03
   price $595,000 1065-char remark

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

4. 2025-11-03
   price $595,000

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

5. 2025-10-01
   listed $650,000 Active 1065-char remark

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

6. 2025-10-01
   listed $650,000 Active

   Show marketing remark (1065 chars)

   Investor Opportunity! This 7-unit apartment complex is currently under construction and offers a fantastic chance to secure a strong income-producing property near Southern University. Once complete, the complex will feature three 1-bedroom units and four 2-bedroom units, designed with functionality and rental demand in mind. The property is located just a 3-minute walk from Southern University, making it an ideal location for student housing or a long-term rental investment. The sale includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), providing flexibility and value for future growth or development. This building is being sold as part of a package deal consisting of three vacant parcels (Parcel #1201875, Parcel #1201883, and Parcel #1201891) and a 7-unit apartment complex located at 1060 Swan, including Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867). Properties will not be sold separately. Please do not enter the property without an appointment, as it is an active construction site.

7. 2024-05-22
   historical
8. 2023-04-14
   status Pending
9. 2022-10-19
   listed $750,000 Active
10. 2022-10-19
    listed $750,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $90,516
• − Mortgage interest: −$33,329
• − Property taxes: −$8,925
• − Insurance: −$2,975
• − Repairs & maintenance: −$7,241
• − Management: −$7,241
• − Depreciation: −$17,309
• Taxable income: $13,495
• Est. tax owed @ 24.0%: −$3,239
• After-tax cash flow: $18,926/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 — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 15,300
• Household income: $27,534
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 1092.0

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: Predominantly Black (91%)
• Race & ethnicity: Black 91% Two or more races 6% White 3%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada

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: ▼ -0.87%
• Current HPI: 78.3629
• Rent YoY: —
• 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

-20.7% since first listed

10 events — show timeline

• 2026-04-11 Pending — AcadianaMLS
• 2026-04-11 Pending — GBRMLS
• 2025-11-03 Price Changed $595,000 AcadianaMLS
• 2025-11-03 Price Changed $595,000 GBRMLS
• 2025-10-01 Listed $650,000 GBRMLS
• 2025-10-01 Listed $650,000 AcadianaMLS
• 2024-05-22 Delisted — GBRMLS
• 2023-04-14 Pending — GBRMLS
• 2022-10-19 Listed $750,000 AcadianaMLS
• 2022-10-19 Listed $750,000 GBRMLS