349 Ashley Griggs Rd · Calhoun, LA 71225

$195,900

4 bd · 1.0 ba · 1,680 sqft · SingleFamily public records · 38 Days on market

Built 1980 0.77 ac lot $117/sqft · 24% below area Est $360k · 46% 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 +18.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Located on an oversized lot in Calhoun, this 3 bedroom, 2 bathroom home offers space, comfort, and functionality both inside and out. The home features a very large living area complete with a cozy fireplace and beautiful built-in shelving, creating the perfect space for relaxing or entertaining. The spacious kitchen offers solid wood cabinetry along with both a breakfast area and formal dining space. Just off the home, you’ll find a sunroom/attached porch area that provides additional living space and plenty of natural light. All bedrooms are generously sized with large windows that provide great natural lighting throughout the home. An attached garage includes additional shelving an

Key facts

• Solid wood cabinetry
• Large living area
• Cozy fireplace

Tags

• OVERSIZED LOT
• LARGE LIVING AREA
• COZY FIREPLACE
• BUILT-IN SHELVING
• SOLID WOOD CABINETRY
• BREAKFAST AREA

Property features AI

Finance

• Other: Zoning: residential
• HOA & community: No association amenities

Exterior

• Parking: Attached 2-car garage; Open parking available
• Security: Smoke detectors
• Utilities: Public water; Septic tank; Natural gas not available
• Home design: Single-family residence; Site-built home; One level; Entry at level 1
• Construction: Vinyl siding over frame construction; Metal roof; Pillar/post/pier foundation; Built on a 0.77-acre lot
• Exterior features: Covered patio/porch; Wood fencing; Cleared lot; Paved road access; Workshop and storage structures

Interior

• Kitchen: Dishwasher; Electric range
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Walk-in closets; Double-pane windows; Gas log fireplace in living room
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $196k.

Deal economics

• At list price, monthly cash flow is $172 ($2k/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 $169k (13.6% below list).
• Recommended offer: $169k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 4.2% in Calhoun — 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 75/100 on livability (#22 in LA, #4,072 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: health & safety D, amenities F, commute F.
• Ouachita Parish (suburban): math 31% / reading 45% proficiency, ranked #26 of 98 in LA (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West Ouachita High School (math 36% / reading 47%, grade F, #71 of 265 statewide, top 27%, 1,080 students, 54% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: 87 active listings in the ZIP; 345 units permitted in Ouachita 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 $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($190k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $23k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,252 (13.6% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-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?
4. 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.
5. 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.
6. 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: 0.86% ✗
• Cap rate: 7.35%
• Cash-on-cash: 3.77%
• DSCR: 1.17
• GRM: 9.6

CMA / ARV

• ARV (median comp): $359,743
• List price: $195,900
• Delta: -45.54%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
572 Ray Chapman Rd	0.61mi	3/2.0 (-1)	1,666 (-1%)	16mo	$120,000	$72	48
530 Connie Walters Rd	0.50mi	3/2.0 (-1)	1,805 (+7%)	20mo	$350,000	$194	39

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: -10.4%
• Equity multiple: 0.62×
• Total profit: $-20,850
• Equity at exit: $29,209

10-year hold

• IRR: -1.2%
• Equity multiple: 0.92×
• Total profit: $-4,380
• Equity at exit: $16,938

Cash invested: $54,852 (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 71225

• Home prices YoY: -21.2%
• Active inventory: 87
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,693 medium
• Mortgage (P&I): −$1,027
• Tax from tax record: −$56 /mo · $668/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $172

Break-even live

Break-even rent $1,474

Max offer price $195,900

Occupancy floor 85%

Sensitivity live

Price	-10% $283	-5% $228	+0% $172	+5% $117	+10% $62
Rent	-10% $39	-5% $106	+0% $172	+5% $239	+10% $306
Rate	-1.0pp $271	-0.5pp $222	base $172	+0.5pp $122	+1.0pp $70

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: $48,975
• Closing costs: $5,877
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $195,900 Active 38 DOM
2. 2026-06-18
   days on market $195,900 Active 37 DOM
3. 2026-06-17
   days on market $195,900 Active 36 DOM
4. 2026-06-16
   days on market $195,900 Active 35 DOM
5. 2026-06-15
   days on market $195,900 Active 34 DOM
6. 2026-06-14
   days on market $195,900 Active 32 DOM
7. 2026-06-13
   days on market $195,900 Active 31 DOM
8. 2026-06-10
   days on market $195,900 Active 29 DOM
9. 2026-06-09
   days on market $195,900 Active 28 DOM
10. 2026-06-08
    days on market $195,900 Active 27 DOM
11. 2026-06-07
    pricedays on market $195,900 Active 26 DOM
12. 2026-06-03
    days on market $219,000 Active 22 DOM
13. 2026-06-02
    days on market $219,000 Active 21 DOM
14. 2026-06-01
    days on market $219,000 Active 20 DOM
15. 2026-05-31
    days on market $219,000 Active 19 DOM
16. 2026-05-30
    days on market $219,000 Active 18 DOM
17. 2026-05-12
    listed $219,000 Active 1025-char remark
18. 2015-05-14
    listed $171,000

ⓘ 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: $668 · $56/mo
• Projected year-2 tax: $1,077 · $90/mo
• Expected delta: +$409/yr (+$34/mo · 61.3%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 76% 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: $20,310
• − Mortgage interest: −$10,973
• − Property taxes: −$668
• − Insurance: −$980
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$5,699
• Taxable loss: −$1,259
• Est. tax savings @ 24.0%: +$302
• After-tax cash flow: $2,372/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: Ouachita Parish
• NCES district ID: 2201200
• Math proficiency: 31% ▼ -38.00%
• Reading proficiency: 45% ▼ -31.00%
• Median HH income: $43,316
• Composite: 32.14/100
• National rank: #5791
• State rank: #26 of 98 in LA

Livability — Calhoun

• Score: 75/100
• State rank: #22
• US rank: #4072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,450

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 1%
• Common ancestry: Serbian 4% Lithuanian 2% Slovak 2%
• Languages at home: 96% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.29%
• Current HPI: 201.8198
• Rent YoY: —
• Metro: —
• 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

+14.6% since first listed

3 events — show timeline

• 2026-06-05 Price Changed $195,900 NELABOR
• 2026-05-12 Listed $219,000 NELABOR
• 2015-05-14 Listed $171,000 NELABOR

Property tax history

+1.3%/yr

Latest (2025): $668 · -1.2% YoY. Source: county tax records.