306 Bradford St · Thibodaux, LA 70301

$135,000

3 bd · 1.0 ba · 1,010 sqft · Other · 65 Days on market

Built 1953 3,049 sqft lot $134/sqft · at area comps Est $140k · 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 +9.1/15.0
• DSCR +8.0/10.0
• 1% rule +5.4/10.0
• Livability +4.2/5.0
• Schools +3.4/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming starter nestled in the heart of Thibodaux! This 3-bedroom, 1-bathroom home offers the perfect blend of comfort and convenience, making it an ideal choice for first-time buyers or those looking to downsize. Step inside to find a beautifully updated kitchen featuring stylish cabinetry and a gas stove perfect for preparing home-cooked meals. Large windows throughout the home fill each space with abundant natural light, creating a warm and inviting atmosphere. The spacious living room provides plenty of room for relaxing or hosting family and friends. Outside, you’ll love the added charm of Bahama shutters, along with a covered carport for convenient parking. Situated on a corner lot, the property offers a generous yard with plenty of space to enjoy outdoor living, gardening, or play. This cozy home offers comfort, character, and a great location!

Key facts

• Large windows
• Covered carport
• Gas stove

Tags

• UPDATED KITCHEN
• GAS STOVE
• LARGE WINDOWS
• BAHAMA SHUTTERS
• COVERED CARPORT
• CORNER LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $281 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.8% in Thibodaux — 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 84/100 on livability (#2 in LA, #723 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, health & safety A+; Watch: crime C-, employment F.
• Lafourche Parish (other): math 31% / reading 49% proficiency, ranked #22 of 98 in LA (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 513 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 319 units permitted in Lafourche Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y 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: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $126,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — 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 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?
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: 1.04% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.92%
• DSCR: 1.40
• GRM: 8.0

CMA / ARV

• ARV (median comp): $140,026
• List price: $135,000
• Delta: -3.59%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.9% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.89×
• Total profit: $-4,173
• Equity at exit: $20,129

10-year hold

• IRR: 6.6%
• Equity multiple: 1.49×
• Total profit: $18,641
• Equity at exit: $11,672

Cash invested: $37,800 (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 70301

• Rents YoY: 2.9%
• Active inventory: 513
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,401 high
• Mortgage (P&I): −$708
• Tax from tax record: −$61 /mo · $737/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $281

Break-even live

Break-even rent $1,045

Max offer price $135,000

Occupancy floor 75%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
304 Bradford St Thibodaux, LA	3.0	1.0	1400	$1,150	$0.82	43d	1	0.03mi
610 Sycamore St Thibodaux, LA	2.0	1.0	800	$1,100	$1.38	43d	1	0.36mi
1200 Louise St Thibodaux, LA	2.0–3.0	1.0	939	$1,325	$1.41	43d	6	0.76mi
1712 Ridgefield Ave Unit A Thibodaux, LA	2.0	1.0	900	$1,100	$1.22	43d	1	0.82mi
1300 Louise St Thibodaux, LA	2.0	1.5	808	$1,200	$1.49	43d	2	0.83mi
1318 Ledet St Unit 2 Bed/15 Bath Thibodaux, LA	2.0	1.5	925	$1,290	$1.39	43d	1	0.85mi
108 Wolfe St Thibodaux, LA	2.0	2.0	1018	$1,085	$1.07	43d	1	0.96mi
2314 Saint Bernard St Thibodaux, LA	2.0	1.5	909	$1,300	$1.43	43d	1	1.34mi

Listing history 27 events

1. 2026-06-19
   days on market $135,000 Active 65 DOM
2. 2026-06-18
   days on market $135,000 Active 64 DOM
3. 2026-06-17
   days on market $135,000 Active 63 DOM
4. 2026-06-16
   days on market $135,000 Active 62 DOM
5. 2026-06-15
   days on market $135,000 Active 61 DOM
6. 2026-06-14
   days on market $135,000 Active 59 DOM
7. 2026-06-13
   days on market $135,000 Active 58 DOM
8. 2026-06-10
   days on market $135,000 Active 56 DOM
9. 2026-06-09
   days on market $135,000 Active 55 DOM
10. 2026-06-08
    days on market $135,000 Active 54 DOM
11. 2026-06-07
    pricedays on market $135,000 Active 53 DOM
12. 2026-06-05
    days on market $139,000 Active 50 DOM
13. 2026-06-03
    days on market $139,000 Active 49 DOM
14. 2026-06-02
    days on market $139,000 Active 48 DOM
15. 2026-06-01
    days on market $139,000 Active 47 DOM
16. 2026-05-31
    days on market $139,000 Active 46 DOM
17. 2026-05-30
    days on market $139,000 Active 45 DOM
18. 2026-04-15
    listed $139,000 Active 891-char remark

    Show marketing remark (885 chars)

    Welcome home to this charming starter nestled in the heart of Thibodaux! This 3-bedroom, 1-bathroom home offers the perfect blend of comfort and convenience, making it an ideal choice for first-time buyers or those looking to downsize. Step inside to find a beautifully updated kitchen featuring stylish cabinetry and a gas stove perfect for preparing home-cooked meals. Large windows throughout the home fill each space with abundant natural light, creating a warm and inviting atmosphere. The spacious living room provides plenty of room for relaxing or hosting family and friends. Outside, you'll love the added charm of Bahama shutters, along with a covered carport for convenient parking. Situated on a corner lot, the property offers a generous yard with plenty of space to enjoy outdoor living, gardening, or play. This cozy home offers comfort, character, and a great location!

19. 2026-04-15
    listed $139,000 Active 885-char remark

    Show marketing remark (885 chars)

    Welcome home to this charming starter nestled in the heart of Thibodaux! This 3-bedroom, 1-bathroom home offers the perfect blend of comfort and convenience, making it an ideal choice for first-time buyers or those looking to downsize. Step inside to find a beautifully updated kitchen featuring stylish cabinetry and a gas stove perfect for preparing home-cooked meals. Large windows throughout the home fill each space with abundant natural light, creating a warm and inviting atmosphere. The spacious living room provides plenty of room for relaxing or hosting family and friends. Outside, you'll love the added charm of Bahama shutters, along with a covered carport for convenient parking. Situated on a corner lot, the property offers a generous yard with plenty of space to enjoy outdoor living, gardening, or play. This cozy home offers comfort, character, and a great location!

20. 2023-12-03
    historical
21. 2023-10-06
    status Active
22. 2023-10-04
    historical
23. 2023-09-26
    listed $145,000 Active
24. 2023-09-26
    listed $145,000
25. 2001-11-21
    soldstatus
26. 2001-10-26
    listed $29,900
27. 2001-10-26
    listed $29,900

ⓘ 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: $737 · $61/mo
• Projected year-2 tax: $742 · $62/mo
• Expected delta: +$5/yr ($0/mo · 0.7%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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: $16,808
• − Mortgage interest: −$7,562
• − Property taxes: −$737
• − Insurance: −$675
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$3,927
• Taxable income: $1,217
• Est. tax owed @ 24.0%: −$292
• After-tax cash flow: $3,078/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: Lafourche Parish
• NCES district ID: 2200900
• Math proficiency: 31% ▼ -43.00%
• Reading proficiency: 49% ▼ -32.00%
• Median HH income: $49,703
• Composite: 34.4/100
• National rank: #5205
• State rank: #22 of 98 in LA

Livability — Thibodaux

• Score: 84/100
• State rank: #2
• US rank: #723

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Thibodaux, LA
• County: Lafourche Parish · 50,095 people
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 50,095
• Household income: $58,394
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 1513.0

Population outlook (Lafourche County) Hauer SSP2

• Today (2025): 102,122 people
• By 2030: 103,361 · +1.2%
• By 2040: 104,401 · +2.2%
• By 2050: 102,795 · +0.7%
• By 2075: 95,599 · -6.4%
• By 2100: 82,303 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 20% Hispanic / Latino 5% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 18% Italian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Spanish 2%

Political lean MEDSL · Lafourche

• 2024 margin: Solid R (+62.1) · D 18.4% · R 80.4% · Other 1.2%
• 2008→2024 swing: -16.1pp toward R · 2008: -46.0pp · 2024: -62.1pp
• All cycles: 2024: R+62.1 2020: R+60.3 2016: R+56.5 2012: R+48.5 2008: R+46.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.35%
• Current HPI: 124.5559
• Rent YoY: ▲ 2.90%
• 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

+364.9% since first listed

10 events — show timeline

• 2026-04-15 Listed $139,000 GBRMLS
• 2026-04-15 Listed $139,000 AcadianaMLS
• 2023-12-03 Delisted — GBRMLS
• 2023-10-06 Relisted — GBRMLS
• 2023-10-04 Delisted — GBRMLS
• 2023-09-26 Listed $145,000 AcadianaMLS
• 2023-09-26 Listed $145,000 GBRMLS
• 2001-11-21 Sold (MLS) — GBRMLS
• 2001-10-26 Listed $29,900 GBRMLS
• 2001-10-26 Listed $29,900 AcadianaMLS

Property tax history

+1.8%/yr

Latest (2024): $737 · +2.6% YoY. Source: county tax records.