17595 Joe Sevario Rd · Prairieville, LA 70769

$175,000

3 bd · 2.0 ba · 1,080 sqft · Manufactured · 4 Days on market

Built 2010 0.52 ac lot Est $160k · 9% over

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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 +26.5/30.0
• DSCR +9.1/10.0
• 1% rule +6.0/10.0
• Schools +4.7/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• ARV discount +3.2/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FLOOD ZONE X * .52 Acres * QUALIFIES FOR 100% FINANCING! Situated on a spacious .52-acre lot in Flood X - no flood insurance required - this well-maintained home offers recent updates and comfortable living space. Interior features include all new flooring with no carpet, fresh paint throughout, a large living area, breakfast area, and ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. Outdoor amenities include covered parking and plenty of outdoor space to enjoy. The roof is newer, and the property is located in the new Prairieville High School district (buyer to verify school zoning). The seller is being relocated for work after recently purchasing the home, which means you have the opportunity to move into a home that's already updated and move-in ready! The new furniture (2 months old) may remain with an acceptable offer. Washer, dryer, and kitchen appliances will remain. Great opportunity to enjoy affordable Prairieville living with land, updates, and convenience. Schedule your showing today!

Key facts

• Recent updates
• Covered parking
• Newer roof

Tags

• 52 ACRES
• RECENT UPDATES
• NEWER ROOF
• COVERED PARKING
• AMPLE STORAGE
• WALK-IN CLOSET

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water
• Home design: Manufactured home; River Burch Model 1044
• Construction: Vinyl siding; Other foundation
• Exterior features: Lot approximately 0.52 acres; Lot dimensions about 106 x 214

Interior

• Kitchen: Range; Oven; Dishwasher; Microwave; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $465 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 9.5% vs local median 4.3% in Prairieville — 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 69/100 on livability (#70 in LA) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Ascension Parish (suburban): math 48% / reading 58% proficiency, ranked #7 of 98 in LA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.5%/yr); 492 active listings in the ZIP; 3 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; 579 units permitted in Ascension 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.
• Ascension County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $49k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $175,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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.
4. 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.
5. 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: 1.10% ✓
• Cap rate: 9.48%
• Cash-on-cash: 11.38%
• DSCR: 1.51
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $159,840
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17595 Joe Sevario Rd	0.00mi	3/2.0	1,080 (0%)	4mo	$160,000	$148	97

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 · 3.47% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.04×
• Total profit: $2,083
• Equity at exit: $26,093

10-year hold

• IRR: 11.1%
• Equity multiple: 1.89×
• Total profit: $43,440
• Equity at exit: $15,131

Cash invested: $49,000 (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 70769

• Rents YoY: 3.5%
• Active inventory: 492
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,925 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$65 /mo · $782/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $465

Break-even live

Break-even rent $1,336

Max offer price $175,000

Occupancy floor 71%

Sensitivity live

Price	-10% $564	-5% $514	+0% $465	+5% $415	+10% $366
Rent	-10% $313	-5% $389	+0% $465	+5% $541	+10% $617
Rate	-1.0pp $553	-0.5pp $509	base $465	+0.5pp $419	+1.0pp $373

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17455 Berkshire Dr Prairieville, LA	3.0	2.0	1279	$1,850	$1.45	44d	1	0.77mi
40514 1513 Prairieville, LA	2.0	2.0	980	$900	$0.92	44d	1	1.31mi
17160 Parker Heights Dr Prairieville, LA	3.0	2.0	1274	$2,100	$1.65	44d	1	1.38mi

Listing history 13 events

1. 2026-06-02
   status $175,000 Pending 4 DOM
2. 2026-06-01
   days on market $175,000 Active 4 DOM
3. 2026-05-31
   days on market $175,000 Active 3 DOM
4. 2026-05-31
   days on market $175,000 Active 2 DOM
5. 2026-05-28
   listed $175,000 Active 1110-char remark

   Show marketing remark (1110 chars)

   FLOOD ZONE X * .52 Acres * QUALIFIES FOR 100% FINANCING! Situated on a spacious .52-acre lot in Flood X - no flood insurance required - this well-maintained home offers recent updates and comfortable living space. Interior features include all new flooring with no carpet, fresh paint throughout, a large living area, breakfast area, and ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. Outdoor amenities include covered parking and plenty of outdoor space to enjoy. The roof is newer, and the property is located in the new Prairieville High School district (buyer to verify school zoning). The seller is being relocated for work after recently purchasing the home, which means you have the opportunity to move into a home that's already updated and move-in ready! The new furniture (2 months old) may remain with an acceptable offer. Washer, dryer, and kitchen appliances will remain. Great opportunity to enjoy affordable Prairieville living with land, updates, and convenience. Schedule your showing today!

6. 2026-05-28
   listed $175,000 Active

   Show marketing remark (1110 chars)

   FLOOD ZONE X * .52 Acres * QUALIFIES FOR 100% FINANCING! Situated on a spacious .52-acre lot in Flood X - no flood insurance required - this well-maintained home offers recent updates and comfortable living space. Interior features include all new flooring with no carpet, fresh paint throughout, a large living area, breakfast area, and ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. Outdoor amenities include covered parking and plenty of outdoor space to enjoy. The roof is newer, and the property is located in the new Prairieville High School district (buyer to verify school zoning). The seller is being relocated for work after recently purchasing the home, which means you have the opportunity to move into a home that's already updated and move-in ready! The new furniture (2 months old) may remain with an acceptable offer. Washer, dryer, and kitchen appliances will remain. Great opportunity to enjoy affordable Prairieville living with land, updates, and convenience. Schedule your showing today!

7. 2026-02-23
   soldstatus $160,000
8. 2026-02-20
   soldstatus Sold 883-char remark

   Show marketing remark (883 chars)

   Situated on a spacious 0.5-acre lot, this well-maintained mobile home offers recent updates and comfortable living space. The interior features all new flooring - no carpet, fresh paint throughout, a large living area, and a breakfast area, along with ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. A new built-in microwave adds to the recent updates. Outdoor amenities include a carport providing covered parking and a generous lot size with plenty of outdoor space. The roof is newer, and the property is located in Flood Zone X, meaning no flood insurance is required. Conveniently located within the attendance zone for the new Prairieville High School (buyer to verify school zoning). A great opportunity to enjoy a large lot with an updated home--schedule your showing today.

9. 2026-02-20
   soldstatus Closed

   Show marketing remark (883 chars)

   Situated on a spacious 0.5-acre lot, this well-maintained mobile home offers recent updates and comfortable living space. The interior features all new flooring - no carpet, fresh paint throughout, a large living area, and a breakfast area, along with ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. A new built-in microwave adds to the recent updates. Outdoor amenities include a carport providing covered parking and a generous lot size with plenty of outdoor space. The roof is newer, and the property is located in Flood Zone X, meaning no flood insurance is required. Conveniently located within the attendance zone for the new Prairieville High School (buyer to verify school zoning). A great opportunity to enjoy a large lot with an updated home--schedule your showing today.

10. 2026-01-17
    status Pending
11. 2026-01-14
    listed $160,000 Active 883-char remark

    Show marketing remark (883 chars)

    Situated on a spacious 0.5-acre lot, this well-maintained mobile home offers recent updates and comfortable living space. The interior features all new flooring - no carpet, fresh paint throughout, a large living area, and a breakfast area, along with ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. A new built-in microwave adds to the recent updates. Outdoor amenities include a carport providing covered parking and a generous lot size with plenty of outdoor space. The roof is newer, and the property is located in Flood Zone X, meaning no flood insurance is required. Conveniently located within the attendance zone for the new Prairieville High School (buyer to verify school zoning). A great opportunity to enjoy a large lot with an updated home--schedule your showing today.

12. 2026-01-14
    listed $160,000 Active

    Show marketing remark (883 chars)

    Situated on a spacious 0.5-acre lot, this well-maintained mobile home offers recent updates and comfortable living space. The interior features all new flooring - no carpet, fresh paint throughout, a large living area, and a breakfast area, along with ample storage throughout the home. The primary bedroom includes a walk-in closet, and the primary bathroom offers a separate shower and soaking tub. A new built-in microwave adds to the recent updates. Outdoor amenities include a carport providing covered parking and a generous lot size with plenty of outdoor space. The roof is newer, and the property is located in Flood Zone X, meaning no flood insurance is required. Conveniently located within the attendance zone for the new Prairieville High School (buyer to verify school zoning). A great opportunity to enjoy a large lot with an updated home--schedule your showing today.

13. 2014-08-04
    soldstatus $50,000

ⓘ 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: $782 · $65/mo
• Projected year-2 tax: $962 · $80/mo
• Expected delta: +$181/yr (+$15/mo · 23.1%)

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

Taxation est. · year 1

• Rental income: $23,094
• − Mortgage interest: −$9,803
• − Property taxes: −$782
• − Insurance: −$875
• − Repairs & maintenance: −$1,848
• − Management: −$1,848
• − Depreciation: −$5,091
• Taxable income: $2,849
• Est. tax owed @ 24.0%: −$684
• After-tax cash flow: $4,892/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: Ascension Parish
• NCES district ID: 2200090
• Math proficiency: 48% ▼ -31.00%
• Reading proficiency: 58% ▼ -25.00%
• Median HH income: $68,423
• Composite: 47.0/100
• National rank: #2347
• State rank: #7 of 98 in LA

Livability — Prairieville

• Score: 69/100
• State rank: #70
• US rank: #8507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prairieville, LA
• County: Ascension Parish · 98,362 people
• City population: 49,278
• Metro: Baton Rouge, LA
• Population (ZIP): 49,278
• Household income: $109,404
• Rent vs Own: 12.3% rent · 87.7% own
• Severe rent burden: 91.0

Population outlook (Ascension County) Hauer SSP2

• Today (2025): 145,480 people
• By 2030: 158,329 · +8.8%
• By 2040: 183,741 · +26.3%
• By 2050: 207,615 · +42.7%
• By 2075: 260,244 · +78.9%
• By 2100: 289,576 · +99.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 15% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 16% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Ascension

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.1% · Other 1.7%
• 2008→2024 swing: +1.7pp toward D · 2008: -35.7pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+32.5 2016: R+36.0 2012: R+34.3 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.56%
• Current HPI: 144.2267
• Rent YoY: ▲ 3.47%
• 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

+250.0% since first listed

9 events — show timeline

• 2026-05-28 Listed $175,000 GBRMLS
• 2026-05-28 Listed $175,000 AcadianaMLS
• 2026-02-23 Sold (Public Records) $160,000 Public Records
• 2026-02-20 Sold (MLS) — GBRMLS
• 2026-02-20 Sold (MLS) — AcadianaMLS
• 2026-01-17 Pending — GBRMLS
• 2026-01-14 Listed $160,000 GBRMLS
• 2026-01-14 Listed $160,000 AcadianaMLS
• 2014-08-04 Sold (Public Records) $50,000 Public Records

Property tax history

+24.9%/yr

Latest (2025): $782 · -1.8% YoY. Source: county tax records.