1247 N 37th St · Baton Rouge, LA 70802

$62,000

2 bd · 2.0 ba · 720 sqft · SingleFamily public records · 42 Days on market

Built 1996 0.78 ac lot $86/sqft · 61% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.1/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully renovated 2-bedroom, 2 full-bath home featuring a fresh, bright, and inviting open floor plan at an incredible value. Thoughtfully updated with new appliances and modern finishes, this move-in ready home offers incredible functionality. Conveniently located near the interstate, you'll enjoy quick access to shopping, dining, and everyday conveniences while still feeling right at home. Whether you're a first-time homebuyer or an investor looking for a turnkey opportunity, this home is one you don't want to miss. Schedule your private tour today!

Key facts

• 0.78 acre lot
• Built 1996
• Listed 42 days

Property features AI

Finance

• Other: Finished living area recorded as 756 (square footage not listed in sections per instructions)
• Financial info: No financial details provided
• HOA & community: No HOA details provided

Exterior

• Parking: Other parking type
• Security: No security details provided
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; Residential property
• Construction: Built on pillar/post/pier foundation; Year built not provided
• Exterior features: Lot located in the Eden Park subdivision; Lot dimensions approximately 100 x 34; Lot area approximately 0.78 acres

Interior

• Kitchen: No kitchen details provided
• Bedrooms: No bedroom level details provided
• Flooring: No flooring details provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Has heating; Has cooling; Heating type not specified
• Interior features: Window cooling units
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $62k.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $60k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.6%/yr); 188 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 37% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $429 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $3k; list at $62k implies a 1967% 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; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,140 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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. 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?
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: 1.70% ✓
• Cap rate: 15.07%
• Cash-on-cash: 31.34%
• DSCR: 2.39
• GRM: 4.9

CMA / ARV

• ARV (median comp): $40,422
• List price: $62,000
• Delta: 53.38%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1171 N 46th St	0.56mi	2/1.0	692 (-4%)	9mo	$69,900	$101	56
1758 N 48th St	0.73mi	2/1.0	747 (+4%)	8mo	$35,000	$47	49
1148 N 48th St	0.68mi	2/1.0	799 (+11%)	3mo	$28,000	$35	44
1710 N 40th St	0.32mi	1/1.0 (-1)	800 (+11%)	21mo	$11,499	$14	40

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 · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 30.0%
• Equity multiple: 2.31×
• Total profit: $22,751
• Equity at exit: $9,244

10-year hold

• IRR: 39.1%
• Equity multiple: 5.28×
• Total profit: $74,315
• Equity at exit: $5,361

Cash invested: $17,360 (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 70802

• Rents YoY: 6.6%
• Active inventory: 188
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,051 high
• Mortgage (P&I): −$325
• Tax from tax record: −$26 /mo · $313/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $453

Break-even live

Break-even rent $477

Max offer price $62,000

Occupancy floor 52%

Sensitivity live

Price	-10% $489	-5% $471	+0% $453	+5% $436	+10% $418
Rent	-10% $370	-5% $412	+0% $453	+5% $495	+10% $536
Rate	-1.0pp $485	-0.5pp $469	base $453	+0.5pp $437	+1.0pp $421

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
636 N 39th St Apt 2 Baton Rouge, LA	2.0	1.0	700	$900	$1.29	15d	1	0.43mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,240	$0.95	15d	31	0.77mi
115 S Leo St Baton Rouge, LA	1.0	1.0	550	$1,100	$2.00	24d	1	0.91mi
2040 Gayosa St Baton Rouge, LA	1.0–2.0	1.0–2.0	764	$1,250	$1.64	44d	1	0.96mi
4430 Hatcher Ave Unit 115 Baton Rouge, LA	1.0	1.0	598	$900	$1.51	44d	1	1.03mi
330 Ingleside Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	773	$1,120	$1.45	15d	6	1.06mi
4735 Government St #102 Baton Rouge, LA	1.0	1.0	690	$875	$1.27	15d	1	1.22mi
605 Ingleside Dr Unit A Baton Rouge, LA	2.0	1.0	700	$1,350	$1.93	44d	1	1.23mi
2361 Wisteria St Unit B Baton Rouge, LA	1.0	1.0	700	$1,200	$1.71	44d	1	1.29mi
849 Blanchard St Baton Rouge, LA	1.0	1.0	600	$1,000	$1.67	44d	1	1.34mi
849 Blanchard St Baton Rouge, LA	1.0	1.0	600	$1,000	$1.67	24d	1	1.34mi
1251 N Ardenwood Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	923	$899	$0.97	44d	1	1.35mi
1356 Main St Unit 1 Baton Rouge, LA	1.0	1.0	700	$600	$0.86	44d	1	1.45mi
2500 McGrath Ave Unit 2 Baton Rouge, LA	1.0	1.0	750	$1,000	$1.33	44d	1	1.47mi

Listing history 23 events

1. 2026-06-18
   days on market $62,000 Active 42 DOM
2. 2026-06-17
   days on market $62,000 Active 41 DOM
3. 2026-06-16
   days on market $62,000 Active 40 DOM
4. 2026-06-15
   days on market $62,000 Active 39 DOM
5. 2026-06-14
   days on market $62,000 Active 37 DOM
6. 2026-06-10
   days on market $62,000 Active 34 DOM
7. 2026-06-09
   days on market $62,000 Active 33 DOM
8. 2026-06-09
   price $62,000 Active 32 DOM
9. 2026-06-08
   days on market $72,000 Active 32 DOM

   Show marketing remark (577 chars)

   Welcome to this beautifully renovated 2-bedroom, 2 full-bath home featuring a fresh, bright, and inviting open floor plan at an incredible value. Thoughtfully updated with new appliances and modern finishes, this move-in ready home offers incredible functionality. Conveniently located near the interstate, you'll enjoy quick access to shopping, dining, and everyday conveniences while still feeling right at home. Whether you're a first-time homebuyer or an investor looking for a turnkey opportunity, this home is one you don't want to miss. Schedule your private tour today!

10. 2026-06-07
    days on market $72,000 Active 31 DOM
11. 2026-06-05
    days on market $72,000 Active 28 DOM
12. 2026-06-03
    days on market $72,000 Active 27 DOM
13. 2026-06-02
    days on market $72,000 Active 26 DOM
14. 2026-06-01
    days on market $72,000 Active 25 DOM
15. 2026-05-31
    days on market $72,000 Active 24 DOM
16. 2026-05-31
    days on market $72,000 Active 23 DOM
17. 2026-05-07
    listed $72,000 Active 595-char remark

    Show marketing remark (577 chars)

    Welcome to this beautifully renovated 2-bedroom, 2 full-bath home featuring a fresh, bright, and inviting open floor plan at an incredible value. Thoughtfully updated with new appliances and modern finishes, this move-in ready home offers incredible functionality. Conveniently located near the interstate, you'll enjoy quick access to shopping, dining, and everyday conveniences while still feeling right at home. Whether you're a first-time homebuyer or an investor looking for a turnkey opportunity, this home is one you don't want to miss. Schedule your private tour today!

18. 2026-05-07
    listed $72,000 Active 577-char remark

    Show marketing remark (577 chars)

    Welcome to this beautifully renovated 2-bedroom, 2 full-bath home featuring a fresh, bright, and inviting open floor plan at an incredible value. Thoughtfully updated with new appliances and modern finishes, this move-in ready home offers incredible functionality. Conveniently located near the interstate, you'll enjoy quick access to shopping, dining, and everyday conveniences while still feeling right at home. Whether you're a first-time homebuyer or an investor looking for a turnkey opportunity, this home is one you don't want to miss. Schedule your private tour today!

19. 2013-03-11
    soldstatus $3,000
20. 2008-07-28
    soldstatus $15,500
21. 2008-07-25
    soldstatus

    Show marketing remark (130 chars)

    Cash sale only. Will not qualify for financing. Large home in need of TLC. Could be a 4 BR shotgun style house. Handy mab special.

22. 2008-06-25
    listed $19,900

    Show marketing remark (130 chars)

    Cash sale only. Will not qualify for financing. Large home in need of TLC. Could be a 4 BR shotgun style house. Handy mab special.

23. 2008-06-25
    listed $19,900

    Show marketing remark (130 chars)

    Cash sale only. Will not qualify for financing. Large home in need of TLC. Could be a 4 BR shotgun style house. Handy mab special.

ⓘ 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: $313 · $26/mo
• Projected year-2 tax: $341 · $28/mo
• Expected delta: +$28/yr (+$2/mo · 9.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,615
• − Mortgage interest: −$3,473
• − Property taxes: −$313
• − Insurance: −$310
• − Repairs & maintenance: −$1,009
• − Management: −$1,009
• − Depreciation: −$1,804
• Taxable income: $4,697
• Est. tax owed @ 24.0%: −$1,127
• After-tax cash flow: $4,314/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 25,118
• Household income: $34,458
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1831.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 20% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 2% Italian 1% Iranian 0%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 3% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -137.02%
• Current HPI: 47.7285
• Rent YoY: ▲ 6.59%
• 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

+211.6% since first listed

9 events — show timeline

• 2026-06-08 Price Changed $62,000 AcadianaMLS
• 2026-06-08 Price Changed $62,000 GBRMLS
• 2026-05-07 Listed $72,000 GBRMLS
• 2026-05-07 Listed $72,000 AcadianaMLS
• 2013-03-11 Sold (Public Records) $3,000 Public Records
• 2008-07-28 Sold (Public Records) $15,500 Public Records
• 2008-07-25 Sold (MLS) — GBRMLS
• 2008-06-25 Listed $19,900 AcadianaMLS
• 2008-06-25 Listed $19,900 GBRMLS

Property tax history

+2.1%/yr

Latest (2025): $313 · +9.0% YoY. Source: county tax records.