25567 W Sycamore St · Lacombe, LA 70445

$115,000

4 bd · 2.5 ba · 1,659 sqft · SingleFamily public records · 3 Days on market

Built 2004 40 ac lot $69/sqft · 48% below area

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• 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

Investors Special... Custom Built Cottage Home needing TLC and waiting for a New Homeowner! 4 Bedrooms, 2.5 Bathrooms, and a Bonus room that could be converted to a 5th Bedroom. Two waters heaters; the 25 Gallon was just installed in 2023. Septic System Pumped and New Aerator in 2023. The property sits on .40 acres with Beautiful Trees sitting off to the side. There's plenty of room to the right of the home to build another home or expand this home. Cash or Renovation Loan; will not go FHA, VA, or RD.

Key facts

• New aerator
• Bonus room
• Septic system pumped

Tags

• CUSTOM BUILT COTTAGE HOME
• BONUS ROOM
• TWO WATER HEATERS
• SEPTIC SYSTEM PUMPED
• NEW AERATOR
• ROOM TO BUILD ANOTHER HOME

Property features AI

Finance

• Other: Listing maintained by Compass Slidell
• Financial info: Financial details not provided
• HOA & community: HOA details not provided

Exterior

• Parking: Driveway; Three or more parking spaces
• Security: Security details not provided
• Utilities: Public water; Septic tank for sewer
• Home design: Single-story home
• Construction: HardiPlank-type siding; Shingle roof; Raised foundation; Built on a 40-acre parcel
• Exterior features: Outside city limits; Oversized lot; Lot dimensions approximately 140 x 123

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Information on bedrooms not provided
• Flooring: Flooring details not provided
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Average condition; Total of 8 rooms
• Laundry & utility: Laundry details not provided

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $645 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 13.0% vs local median 4.2% in Lacombe — 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 63/100 on livability (#188 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: employment C-, amenities F, commute F.
• St. Tammany Parish (suburban): math 43% / reading 55% proficiency, ranked #11 of 98 in LA (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 219 active listings in the ZIP; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Tammany County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $19k; list at $115k implies a 499% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,000

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 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?
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: 1.60% ✓
• Cap rate: 13.02%
• Cash-on-cash: 24.03%
• DSCR: 2.07
• GRM: 5.2

CMA / ARV

• ARV (median comp): $267,405
• List price: $115,000
• Delta: -51.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25512 W Spruce St	0.14mi	3/2.0 (-1)	1,800 (+8%)	10mo	$145,000	$81	63
444 Autumn Haven Cir	0.27mi	3/2.0 (-1)	1,863 (+12%)	7mo	$260,000	$140	54

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: 17.3%
• Equity multiple: 1.70×
• Total profit: $22,473
• Equity at exit: $17,147

10-year hold

• IRR: 25.8%
• Equity multiple: 3.25×
• Total profit: $72,598
• Equity at exit: $9,943

Cash invested: $32,200 (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 70445

• Home prices YoY: -24.4%
• Active inventory: 219
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,837 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$156 /mo · $1,867/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $645

Break-even live

Break-even rent $1,021

Max offer price $115,000

Occupancy floor 60%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $115,000 Active 3 DOM
2. 2026-06-17
   days on market $115,000 Active 2 DOM
3. 2026-06-15
   pricedays on marketlisting id $115,000 Active 1 DOM

   Show marketing remark (506 chars)

   Investors Special... Custom Built Cottage Home needing TLC and waiting for a New Homeowner! 4 Bedrooms, 2.5 Bathrooms, and a Bonus room that could be converted to a 5th Bedroom. Two waters heaters; the 25 Gallon was just installed in 2023. Septic System Pumped and New Aerator in 2023. The property sits on .40 acres with Beautiful Trees sitting off to the side. There's plenty of room to the right of the home to build another home or expand this home. Cash or Renovation Loan; will not go FHA, VA, or RD.

4. 2026-06-15
   days on market $130,000 Active 32 DOM

   Show marketing remark (506 chars)

   Investors Special... Custom Built Cottage Home needing TLC and waiting for a New Homeowner! 4 Bedrooms, 2.5 Bathrooms, and a Bonus room that could be converted to a 5th Bedroom. Two waters heaters; the 25 Gallon was just installed in 2023. Septic System Pumped and New Aerator in 2023. The property sits on .40 acres with Beautiful Trees sitting off to the side. There's plenty of room to the right of the home to build another home or expand this home. Cash or Renovation Loan; will not go FHA, VA, or RD.

5. 2026-06-13
   days on market $130,000 Active 30 DOM
6. 2026-06-10
   days on market $130,000 Active 27 DOM
7. 2026-06-09
   days on market $130,000 Active 26 DOM
8. 2026-06-08
   days on market $130,000 Active 25 DOM
9. 2026-06-07
   days on market $130,000 Active 24 DOM
10. 2026-06-03
    days on market $130,000 Active 20 DOM
11. 2026-06-02
    days on market $130,000 Active 19 DOM
12. 2026-06-01
    days on market $130,000 Active 18 DOM
13. 2026-05-31
    days on market $130,000 Active 17 DOM
14. 2026-05-14
    listed $130,000 Active 508-char remark
15. 2026-05-14
    listed $130,000 Active 506-char remark
16. 1999-08-02
    soldstatus $19,200

ⓘ 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: $1,867 · $156/mo
• Projected year-2 tax: $1,867 · $156/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,047
• − Mortgage interest: −$6,442
• − Property taxes: −$1,867
• − Insurance: −$575
• − Repairs & maintenance: −$1,764
• − Management: −$1,764
• − Depreciation: −$3,345
• Taxable income: $6,290
• Est. tax owed @ 24.0%: −$1,510
• After-tax cash flow: $6,229/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: St. Tammany Parish
• NCES district ID: 2201650
• Math proficiency: 43% ▼ -32.00%
• Reading proficiency: 55% ▼ -26.00%
• Median HH income: $61,752
• Composite: 43.04/100
• National rank: #3098
• State rank: #11 of 98 in LA

Livability — Lacombe

• Score: 63/100
• State rank: #188
• US rank: #15034

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lacombe, LA
• Population (ZIP): 9,421

Population outlook (St. Tammany County) Hauer SSP2

• Today (2025): 286,725 people
• By 2030: 304,175 · +6.1%
• By 2040: 336,203 · +17.3%
• By 2050: 364,590 · +27.2%
• By 2075: 433,362 · +51.1%
• By 2100: 470,333 · +64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Black 25% Two or more races 15% Hispanic / Latino 12% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 13% Italian 2% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · St. Tammany

• 2024 margin: Solid R (+43.8) · D 27.3% · R 71.1% · Other 1.6%
• 2008→2024 swing: +9.6pp toward D · 2008: -53.4pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+44.2 2016: R+50.8 2012: R+52.2 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.75%
• Current HPI: 178.5418
• 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

+499.0% since first listed

4 events — show timeline

• 2026-06-15 Listed $115,000 AcadianaMLS
• 2026-06-15 Listed $115,000 GSREIN
• 2026-05-14 Listed $130,000 AcadianaMLS
• 1999-08-02 Sold (Public Records) $19,200 Public Records

Property tax history

-0.7%/yr

Latest (2025): $1,867 · -3.5% YoY. Source: county tax records.