417 Walker Dr · Bayou Cane, LA 70364

$176,200

4 bd · 2.0 ba · 1,671 sqft · SingleFamily public records · 560 Days on market

Built 1975 6,882 sqft lot $105/sqft · 5% below area Est $211k · 17% under

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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 +18.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• 1% rule +4.2/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Selling AS IS……BRING ALL OFFERS. .. .

Key facts

• 6,882 sq ft lot
• Parking
• Built 1975

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $176k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/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 $163k (7.6% below list).
• Recommended offer: $155k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 3.3% in Bayou Cane — 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 65/100 on livability (#140 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: schools F, 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: 311 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 560 days — a 12% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y 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

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% 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 $155,056 (12.0% below list)

Questions for the listing agent

1. It's been on market 560 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.92% ✗
• Cap rate: 7.38%
• Cash-on-cash: 3.89%
• DSCR: 1.17
• GRM: 9.0

CMA / ARV

• ARV (median comp): $211,393
• List price: $176,200
• Delta: -16.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Woodburn Dr	0.25mi	3/2.0 (-1)	1,606 (-4%)	5mo	$254,000	$158	73
816 Funderburk Ave	0.28mi	3/2.0 (-1)	1,585 (-5%)	3mo	$179,900	$114	71
622 Douglas Dr	0.31mi	3/2.0 (-1)	1,621 (-3%)	5mo	$129,900	$80	71
620 Douglas Dr	0.30mi	3/2.0 (-1)	1,545 (-8%)	1mo	$150,000	$97	68
605 Douglas Dr	0.22mi	3/2.0 (-1)	1,525 (-9%)	4mo	$235,000	$154	67
604 Funderburk Ave	0.28mi	4/2.0	1,893 (+13%)	3mo	$99,750	$53	62
316 Louis Dr	0.60mi	3/2.0 (-1)	1,609 (-4%)	3mo	$215,000	$134	58
414 Cypress Garden Dr	0.74mi	3/2.0 (-1)	1,689 (+1%)	2mo	$230,000	$136	57
625 Douglas Dr	0.33mi	3/2.0 (-1)	1,449 (-13%)	2mo	$214,000	$148	56
2902 Creole Dr	0.39mi	4/2.0	1,920 (+15%)	3mo	$239,900	$125	54
516 Cavaness Dr	0.57mi	3/2.0 (-1)	1,542 (-8%)	1mo	$205,000	$133	54
903 Eagle Dr	0.37mi	3/2.0 (-1)	1,918 (+15%)	1mo	$189,000	$99	53

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: -12.7%
• Equity multiple: 0.54×
• Total profit: $-22,582
• Equity at exit: $26,272

10-year hold

• IRR: -3.6%
• Equity multiple: 0.76×
• Total profit: $-11,953
• Equity at exit: $15,235

Cash invested: $49,336 (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 70364

• Active inventory: 311
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,627 medium
• Mortgage (P&I): −$924
• Tax from tax record: −$128 /mo · $1,539/yr
• Insurance: −$73
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $94

Break-even live

Break-even rent $1,509

Max offer price $176,200

Occupancy floor 89%

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: $44,050
• Closing costs: $5,286
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $176,200 Active 560 DOM
2. 2026-06-18
   days on market $176,200 Active 559 DOM
3. 2026-06-17
   days on market $176,200 Active 558 DOM
4. 2026-06-16
   days on market $176,200 Active 557 DOM
5. 2026-06-15
   days on market $176,200 Active 556 DOM
6. 2026-06-14
   days on market $176,200 Active 554 DOM
7. 2026-06-13
   days on market $176,200 Active 553 DOM
8. 2026-06-10
   days on market $176,200 Active 551 DOM
9. 2026-06-09
   days on market $176,200 Active 550 DOM
10. 2026-06-08
    days on market $176,200 Active 549 DOM
11. 2026-06-07
    days on market $176,200 Active 548 DOM
12. 2026-06-05
    days on market $176,200 Active 545 DOM
13. 2026-06-03
    days on market $176,200 Active 544 DOM
14. 2026-06-02
    days on market $176,200 Active 543 DOM
15. 2026-06-01
    days on market $176,200 Active 542 DOM
16. 2026-05-31
    days on market $176,200 Active 541 DOM
17. 2026-05-30
    days on market $176,200 Active 540 DOM
18. 2024-12-11
    listed $176,200 Active 51-char remark

    Show marketing remark (51 chars)

    Selling AS IS……BRING ALL OFFERS. .. .

19. 2024-12-11
    historical 51-char remark

    Show marketing remark (51 chars)

    Selling AS IS……BRING ALL OFFERS. .. .

20. 2024-12-06
    listed $176,200 Active 51-char remark

    Show marketing remark (39 chars)

    Selling AS IS......BRING ALL OFFERS....

21. 2024-12-06
    listed $176,200 Active 39-char remark

    Show marketing remark (39 chars)

    Selling AS IS......BRING ALL OFFERS....

22. 2020-10-27
    soldstatus $165,000
23. 2020-10-23
    soldstatus
24. 2020-06-15
    listed $169,000
25. 2020-06-15
    listed $169,000
26. 2015-03-25
    listed $169,000
27. 2015-03-25
    listed $169,000
28. 1996-12-27
    soldstatus $76,000

ⓘ 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: $1,539 · $128/mo
• Projected year-2 tax: $1,539 · $128/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 7/10 Severe FEMA zone X (shaded) · 59% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 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: $19,530
• − Mortgage interest: −$9,870
• − Property taxes: −$1,539
• − Insurance: −$1,678
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$5,126
• Taxable loss: −$1,808
• Est. tax savings @ 24.0%: +$434
• After-tax cash flow: $1,557/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 — Bayou Cane

• Score: 65/100
• State rank: #140
• US rank: #12522

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bayou Cane, LA
• County: Terrebonne Parish · 57,290 people
• City population: 57,290
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 28,716
• Household income: $68,843
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 387.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 16% Hispanic / Latino 9% Two or more races 9% Native American 7% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Lithuanian 17% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% 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: ▼ -99.75%
• Current HPI: 113.1047
• Rent YoY: —
• 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

+131.8% since first listed

11 events — show timeline

• 2024-12-11 Listed $176,200 GBRMLS
• 2024-12-11 Delisted — GBRMLS
• 2024-12-06 Listed $176,200 AcadianaMLS
• 2024-12-06 Listed $176,200 GBRMLS
• 2020-10-27 Sold (Public Records) $165,000 Public Records
• 2020-10-23 Sold (MLS) — GBRMLS
• 2020-06-15 Listed $169,000 GBRMLS
• 2020-06-15 Listed $169,000 AcadianaMLS
• 2015-03-25 Listed $169,000 AcadianaMLS
• 2015-03-25 Listed $169,000 GBRMLS
• 1996-12-27 Sold (Public Records) $76,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,539 · -1.7% YoY. Source: county tax records.