624 Detroit · Bossier City, LA 71111

$70,000

3 bd · 2.0 ba · 1,638 sqft · SingleFamily public records · 52 Days on market

Built 1980 4,000 sqft lot $43/sqft · 24% below area Est $93k · 24% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.1/5.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

Key facts

• 4,000 sq ft lot
• Built 1980
• Listed 52 days

Property features AI

Finance

• Other: Lot listed as approximately 4,000 sq ft; Subdivision: School House Sub; County: Bossier; Country: United States; Directions: 624 Detroit St, Bossier City
• Financial info: Treat as clear loan type; No second mortgage
• HOA & community: No HOA/association

Exterior

• Parking: No carport spaces; No covered parking spaces; Additional parking available
• Utilities: City sewer; Not in a municipal utility district
• Home design: Single family residence; Residential property; Attached property
• Construction: Built in 1980
• Exterior features: Additional parking

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms (primary bedroom on level 1)
• Bathrooms: 2 full bathrooms
• Interior features: Open floorplan; One-level home
• Laundry & utility: No laundry appliances listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $859 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.0% vs local median 4.7% in Bossier City — 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 71/100 on livability (#47 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Bossier Parish (urban): math 40% / reading 47% proficiency, ranked #17 of 98 in LA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bossier Elementary School (math 8% / reading 17%, grade F, #550 of 646 statewide, top 88%, 222 students, 93% FRL); Greenacres Middle School (math 24% / reading 33%, grade F, #119 of 218 statewide, top 57%, 611 students, 75% FRL); Airline High School (math 49% / reading 56%, grade C-, #30 of 265 statewide, top 12%, 2,021 students, 56% FRL) — zoned schools average 75% FRL vs 41% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 44% district-wide (-12 pts) — the specific schools serving this property underperform the Bossier Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.6%/yr); 426 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 716 units permitted in Bossier Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Bossier County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.

Recommended offer $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% 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. Crime grade is F 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?
5. 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.
6. 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.
7. 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: 2.31% ✓
• Cap rate: 21.01%
• Cash-on-cash: 52.58%
• DSCR: 3.34
• GRM: 3.6

CMA / ARV

• ARV (median comp): $92,558
• List price: $70,000
• Delta: -24.37%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1735 Green St	0.17mi	4/2.0 (+1)	1,488 (-9%)	3mo	$69,000	$46	69
508 Mccormick St	0.42mi	4/2.0 (+1)	1,713 (+5%)	2mo	$50,000	$29	66
1805 Traffic St	0.60mi	3/1.0	1,615 (-1%)	2mo	$42,000	$26	64
518 Thompson St	0.28mi	4/2.0 (+1)	1,456 (-11%)	11mo	$102,900	$71	54
316 Wyche St	0.42mi	4/3.0 (+1)	1,652 (+1%)	19mo	$59,900	$36	54
401 Berry St	0.56mi	3/1.0	1,560 (-5%)	19mo	$49,500	$32	46
423 Adair St	0.34mi	4/1.5 (+1)	1,400 (-14%)	21mo	$39,000	$28	36
509 Tickfaw Riv	0.59mi	3/2.0	1,806 (+10%)	24mo	$336,673	$186	36

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 · 6.56% rent growth · sell at horizon

5-year hold

• IRR: 54.4%
• Equity multiple: 3.52×
• Total profit: $49,326
• Equity at exit: $10,437

10-year hold

• IRR: 60.8%
• Equity multiple: 8.13×
• Total profit: $139,771
• Equity at exit: $6,052

Cash invested: $19,600 (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 71111

• Home prices YoY: -34.8%
• Rents YoY: 6.6%
• Active inventory: 426
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,615 high
• Mortgage (P&I): −$367
• Tax from tax record: −$21 /mo · $252/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $859

Break-even live

Break-even rent $528

Max offer price $70,000

Occupancy floor 42%

Sensitivity live

Price	-10% $898	-5% $879	+0% $859	+5% $839	+10% $819
Rent	-10% $731	-5% $795	+0% $859	+5% $923	+10% $986
Rate	-1.0pp $894	-0.5pp $877	base $859	+0.5pp $841	+1.0pp $822

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1735 Green St Bossier City, LA	4.0	2.0	1488	$1,775	$1.19	45d	1	0.14mi
413 Montgomery St Bossier City, LA	3.0	1.0	1152	$1,000	$0.87	15d	1	0.43mi
1225 Delhi St Bossier City, LA	3.0	1.0	1092	$800	$0.73	22d	1	0.66mi
1005 Clarence St Bossier City, LA	3.0	2.0	1203	$1,300	$1.08	45d	1	1.01mi
2400 Broadway Dr Bossier City, LA	3.0	1.0	1295	$1,450	$1.12	15d	1	1.08mi
1518 Viosca St Bossier City, LA	3.0	2.0	1434	$1,200	$0.84	22d	1	1.10mi
719 Edwards St Shreveport, LA	1.0–2.0	1.0	810	$1,275	$1.57	22d	7	1.33mi
205 Royal St Bossier City, LA	2.0	1.5	1100	$1,100	$1.00	45d	1	1.34mi

Listing history 26 events

1. 2026-06-21
   days on market $70,000 Active 52 DOM
2. 2026-06-18
   days on market $70,000 Active 49 DOM
3. 2026-06-17
   days on market $70,000 Active 48 DOM
4. 2026-06-16
   days on market $70,000 Active 47 DOM
5. 2026-06-15
   days on market $70,000 Active 46 DOM
6. 2026-06-14
   days on market $70,000 Active 44 DOM
7. 2026-06-13
   days on market $70,000 Active 43 DOM
8. 2026-06-10
   days on market $70,000 Active 41 DOM
9. 2026-06-09
   days on market $70,000 Active 40 DOM
10. 2026-06-08
    days on market $70,000 Active 39 DOM
11. 2026-06-07
    days on market $70,000 Active 38 DOM
12. 2026-06-02
    days on market $70,000 Active 33 DOM
13. 2026-06-01
    days on market $70,000 Active 32 DOM
14. 2026-05-31
    days on market $70,000 Active 31 DOM
15. 2026-05-30
    days on market $70,000 Active 30 DOM
16. 2026-04-30
    listed $70,000 Active
17. 2021-12-03
    soldstatus $600,000
18. 2021-12-03
    soldstatus $422,500
19. 2021-11-30
    soldstatus Sold 511-char remark

    Show marketing remark (511 chars)

    DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

20. 2021-09-22
    historical Active Contingent 511-char remark

    Show marketing remark (511 chars)

    DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

21. 2021-09-02
    price $70,000 511-char remark

    Show marketing remark (511 chars)

    DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

22. 2021-09-02
    price $45,000 511-char remark

    Show marketing remark (511 chars)

    DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

23. 2021-08-31
    listed $774,900 Active 511-char remark

    Show marketing remark (511 chars)

    DO NOT MISS THIS GREAT OPPORTUNITY * INVESTOR OPPORTUNITY * OWNER WOULD LIKE TO SELL 18 PROPERTIES PLUS 2 VACANT LOTS TOGETHER, BUT PROPERTIES ARE LISTED INDIVIDUALLY * CURRENTLY ALL ARE OCCUPIED EXCEPT 2 HOMES * PROPERTIES ARE CLOSE TO THE BOARDWALK AND DOWNTOWN SHREVEPORT * MINUTES FROM SHOPPING AND DINING * DO NOT MISS THIS ONE! SEE MLS: 14661296, 14661352, 14661520, 14661571, 14661602, 14661633, 14661652, 14661675, 14661696, 14661712, 14661721, 14661960, 14661965, 14661973, & 14661994

24. 2010-11-12
    soldstatus $180,000
25. 2004-12-14
    soldstatus $30,000
26. 2000-07-20
    soldstatus $11,000

ⓘ 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: $252 · $21/mo
• Projected year-2 tax: $385 · $32/mo
• Expected delta: +$133/yr (+$11/mo · 52.9%)

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

Taxation est. · year 1

• Rental income: $19,382
• − Mortgage interest: −$3,921
• − Property taxes: −$252
• − Insurance: −$350
• − Repairs & maintenance: −$1,551
• − Management: −$1,551
• − Depreciation: −$2,036
• Taxable income: $9,722
• Est. tax owed @ 24.0%: −$2,333
• After-tax cash flow: $7,972/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: Bossier Parish
• NCES district ID: 2200270
• Math proficiency: 40% ▼ -32.00%
• Reading proficiency: 47% ▼ -28.00%
• Median HH income: $51,326
• Composite: 37.5/100
• National rank: #4402
• State rank: #17 of 98 in LA

Livability — Bossier City

• Score: 71/100
• State rank: #47
• US rank: #7044

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bossier City, LA
• County: Bossier Parish · 98,704 people
• City population: 91,925
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 43,925
• Household income: $65,292
• Rent vs Own: 42.5% rent · 57.5% own
• Severe rent burden: 1942.0

Population outlook (Bossier County) Hauer SSP2

• Today (2025): 143,247 people
• By 2030: 151,802 · +6.0%
• By 2040: 168,194 · +17.4%
• By 2050: 183,533 · +28.1%
• By 2075: 217,009 · +51.5%
• By 2100: 230,091 · +60.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 56% Black 29% Hispanic / Latino 9% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 2% Iranian 1% Slovak 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 7% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Bossier

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.3%
• 2008→2024 swing: +0.3pp no change · 2008: -43.7pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.0 2016: R+45.8 2012: R+45.4 2008: R+43.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.78%
• Current HPI: 149.4336
• Rent YoY: ▲ 6.56%
• Metro: Shreveport-Bossier City, 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

+536.4% since first listed

11 events — show timeline

• 2026-04-30 Listed $70,000 NTREIS
• 2021-12-03 Sold (Public Records) $422,500 Public Records
• 2021-12-03 Sold (Public Records) $600,000 Public Records
• 2021-11-30 Sold (MLS) — NTREIS
• 2021-09-22 Contingent — NTREIS
• 2021-09-02 Price Changed $70,000 NTREIS
• 2021-09-02 Price Changed $45,000 NTREIS
• 2021-08-31 Listed $774,900 NTREIS
• 2010-11-12 Sold (Public Records) $180,000 Public Records
• 2004-12-14 Sold (Public Records) $30,000 Public Records
• 2000-07-20 Sold (Public Records) $11,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $252 · -1.3% YoY. Source: county tax records.