470 Sycamore Loop · Laplace, LA 70068

$74,000

2 bd · 2.0 ba · 887 sqft · SingleFamily · 121 Days on market

Built 1987 6,534 sqft lot Est $128k · 42% under ↓ 47% since listing

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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
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

Key facts

• Pecan grove area
• Value-add potential
• Convenient access

Tags

• PECAN GROVE AREA
• VALUE-ADD POTENTIAL
• ESTABLISHED NEIGHBORHOOD
• CONVENIENT ACCESS
• BONUS ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $74k).
• Recommended offer: $65k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.2% vs local median 4.8% in Laplace — 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 70/100 on livability (#61 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• St. John The Baptist Parish (suburban): math 13% / reading 25% proficiency, ranked #68 of 98 in LA (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 180 active listings in the ZIP; 61 units permitted in St. John the Baptist Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $512 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• St. John the Baptist County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $66k (47%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $65,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.90% ✓
• Cap rate: 16.20%
• Cash-on-cash: 35.39%
• DSCR: 2.57
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $127,728
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
813 Robin St	0.39mi	2/1.0	969 (+9%)	19mo	$50,000	$52	47
458 W Maple Loop Dr	0.68mi	2/1.5	915 (+3%)	21mo	$132,000	$144	43

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: 31.0%
• Equity multiple: 2.30×
• Total profit: $26,945
• Equity at exit: $11,034

10-year hold

• IRR: 38.2%
• Equity multiple: 4.55×
• Total profit: $73,637
• Equity at exit: $6,398

Cash invested: $20,720 (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 70068

• Home prices YoY: -20.1%
• Active inventory: 180
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,405 medium
• Mortgage (P&I): −$388
• Tax from tax record: −$80 /mo · $955/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $611

Break-even live

Break-even rent $631

Max offer price $74,000

Occupancy floor 51%

Sensitivity live

Price	-10% $653	-5% $632	+0% $611	+5% $590	+10% $569
Rent	-10% $500	-5% $556	+0% $611	+5% $667	+10% $722
Rate	-1.0pp $648	-0.5pp $630	base $611	+0.5pp $592	+1.0pp $572

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-04-15
   status Pending 430-char remark

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

2. 2026-04-15
   status Pending

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

3. 2026-03-31
   price $74,000 430-char remark

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

4. 2026-03-31
   price $74,000

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

5. 2026-03-23
   price $79,000 430-char remark

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

6. 2026-03-23
   price $79,000

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

7. 2026-02-25
   price $85,000 430-char remark

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

8. 2026-02-25
   price $85,000

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

9. 2026-02-18
   price $89,000 430-char remark

   Show marketing remark (430 chars)

   Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

10. 2026-02-18
    price $89,000

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

11. 2026-02-03
    price $95,000 430-char remark

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

12. 2026-02-03
    price $95,000

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

13. 2026-01-12
    price $99,000 430-char remark

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

14. 2026-01-12
    price $99,000

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

15. 2026-01-06
    price $114,999 430-char remark

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

16. 2026-01-06
    price $114,999

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

17. 2025-12-24
    price $119,999

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

18. 2025-12-24
    price $119,999 430-char remark

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

19. 2025-12-14
    listed $140,000 Active 430-char remark

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

20. 2025-12-14
    listed $140,000 Active

    Show marketing remark (430 chars)

    Investor opportunity in the desirable Pecan Grove subdivision. This 2-bedroom, 1-bath home includes a bonus room with an additional bathroom, offering potential for added income or flexible use. Property needs some TLC and is priced accordingly. Located in an established neighborhood with convenient access to shopping, dining, and major roadways. Property is being sold AS IS. Ideal for investors or buyers looking to add value.

ⓘ 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: $955 · $80/mo
• Projected year-2 tax: $955 · $80/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 (shaded) · 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,855
• − Mortgage interest: −$4,145
• − Property taxes: −$955
• − Insurance: −$370
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$2,153
• Taxable income: $6,535
• Est. tax owed @ 24.0%: −$1,568
• After-tax cash flow: $5,765/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. John The Baptist Parish
• NCES district ID: 2201530
• Math proficiency: 13% ▼ -42.00%
• Reading proficiency: 25% ▼ -39.00%
• Median HH income: $50,280
• Composite: 17.07/100
• National rank: #9120
• State rank: #68 of 98 in LA

Livability — Laplace

• Score: 70/100
• State rank: #61
• US rank: #7898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laplace, LA
• County: Saint John the Baptist Parish · 32,720 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 32,720
• Household income: $68,459
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 750.0

Population outlook (St. John the Baptist County) Hauer SSP2

• Today (2025): 40,972 people
• By 2030: 39,295 · -4.1%
• By 2040: 35,902 · -12.4%
• By 2050: 32,988 · -19.5%
• By 2075: 28,661 · -30.0%
• By 2100: 26,456 · -35.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 51% White 34% Hispanic / Latino 9% Two or more races 5% Asian 1%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 11%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% Tagalog/Filipino 1%

Political lean MEDSL · St. John the Baptist

• 2024 margin: Strong D (+29.1) · D 64.0% · R 34.8% · Other 1.2%
• 2008→2024 swing: +12.9pp toward D · 2008: 16.2pp · 2024: 29.1pp
• All cycles: 2024: D+29.1 2020: D+28.2 2016: D+24.5 2012: D+26.3 2008: D+16.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.04%
• Current HPI: 239.1429
• Rent YoY: —
• Metro: New Orleans-Metairie, 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

-47.1% since first listed

20 events — show timeline

• 2026-04-15 Pending — AcadianaMLS
• 2026-04-15 Pending — GBRMLS
• 2026-03-31 Price Changed $74,000 AcadianaMLS
• 2026-03-31 Price Changed $74,000 GBRMLS
• 2026-03-23 Price Changed $79,000 AcadianaMLS
• 2026-03-23 Price Changed $79,000 GBRMLS
• 2026-02-25 Price Changed $85,000 AcadianaMLS
• 2026-02-25 Price Changed $85,000 GBRMLS
• 2026-02-18 Price Changed $89,000 AcadianaMLS
• 2026-02-18 Price Changed $89,000 GBRMLS
• 2026-02-03 Price Changed $95,000 AcadianaMLS
• 2026-02-03 Price Changed $95,000 GBRMLS
• 2026-01-12 Price Changed $99,000 AcadianaMLS
• 2026-01-12 Price Changed $99,000 GBRMLS
• 2026-01-06 Price Changed $114,999 AcadianaMLS
• 2026-01-06 Price Changed $114,999 GBRMLS
• 2025-12-24 Price Changed $119,999 GBRMLS
• 2025-12-24 Price Changed $119,999 AcadianaMLS
• 2025-12-14 Listed $140,000 GBRMLS
• 2025-12-14 Listed $140,000 AcadianaMLS

Property tax history

+1.2%/yr

Latest (2025): $955 · +5291.5% YoY. Source: county tax records.