604 N Lejeune Ave · Kaplan, LA 70548

$75,000

3 bd · 2.0 ba · 1,560 sqft · SingleFamily · 604 Days on market

6,534 sqft lot $48/sqft · 9% below area Est $83k · 9% 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 +11.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• 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

Under $100k in the middle of Kaplan! 604 N Lejeune Rd is a 3 bed 2 bath 1,560 sqft home on an approx 40x130 lot. The roof was replaced 2 years ago as well as most of the sub floor and floors. This home does not require flood insurance and has never flooded. Could make a great personal home or investment. Located within walking distance to Main Street, you'll have easy access to festivals, shopping, schools, and a local baseball field. Don't wait, make your appointment today!

Key facts

• Never flooded
• 6,534 sq ft lot
• Parking

Tags

• ROOF REPLACED 2 YEARS AGO
• NEVER FLOODED
• EASY ACCESS TO FESTIVALS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 5.4% in Kaplan — 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 (#192 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools B; Watch: crime D, amenities F, commute F.
• Vermilion Parish (town): math 40% / reading 53% proficiency, ranked #15 of 98 in LA (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 54 active listings in the ZIP; 228 units permitted in Vermilion Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Vermilion County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 604 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $15k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $75k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 604 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 1.54% ✓
• Cap rate: 13.61%
• Cash-on-cash: 26.14%
• DSCR: 2.16
• GRM: 5.4

CMA / ARV

• ARV (median comp): $82,713
• List price: $75,000
• Delta: -9.33%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 N Wilson Ave	0.42mi	3/2.0	1,523 (-2%)	1mo	$180,000	$118	76
407 N Foote Ave	0.59mi	3/2.0	1,566 (+0%)	4mo	$142,400	$91	69
707 W Veterans Memorial Dr	0.47mi	2/2.0 (-1)	1,600 (+3%)	6mo	$149,900	$94	64
209 St John St	0.43mi	3/2.0	1,500 (-4%)	13mo	$140,000	$93	63
904 N Guidry Ave	0.34mi	3/2.5	1,656 (+6%)	17mo	$131,000	$79	58
413 W 3rd St	0.25mi	3/1.0	1,376 (-12%)	12mo	$74,000	$54	54
504 Bert St	0.53mi	3/2.0	1,696 (+9%)	9mo	$68,500	$40	53

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: 15.1%
• Equity multiple: 1.61×
• Total profit: $12,765
• Equity at exit: $11,183

10-year hold

• IRR: 23.8%
• Equity multiple: 3.06×
• Total profit: $43,256
• Equity at exit: $6,485

Cash invested: $21,000 (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 70548

• Home prices YoY: -32.8%
• Active inventory: 54
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,156 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$31 /mo · $371/yr
• Insurance: −$31
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $391

Break-even live

Break-even rent $661

Max offer price $75,000

Occupancy floor 61%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $75,000 Active 604 DOM
2. 2026-06-17
   days on market $75,000 Active 603 DOM
3. 2026-06-16
   days on market $75,000 Active 602 DOM
4. 2026-06-15
   days on market $75,000 Active 601 DOM
5. 2026-06-14
   days on market $75,000 Active 599 DOM
6. 2026-06-13
   days on market $75,000 Active 598 DOM
7. 2026-06-10
   days on market $75,000 Active 596 DOM
8. 2026-06-09
   days on market $75,000 Active 595 DOM
9. 2026-06-08
   days on market $75,000 Active 594 DOM
10. 2026-06-07
    days on market $75,000 Active 593 DOM
11. 2026-06-03
    days on market $75,000 Active 589 DOM
12. 2026-06-02
    days on market $75,000 Active 588 DOM
13. 2026-06-01
    days on market $75,000 Active 587 DOM
14. 2026-05-31
    days on market $75,000 Active 586 DOM
15. 2026-05-30
    days on market $75,000 Active 585 DOM
16. 2025-10-03
    price $75,000 479-char remark

    Show marketing remark (479 chars)

    Under $100k in the middle of Kaplan! 604 N Lejeune Rd is a 3 bed 2 bath 1,560 sqft home on an approx 40x130 lot. The roof was replaced 2 years ago as well as most of the sub floor and floors. This home does not require flood insurance and has never flooded. Could make a great personal home or investment. Located within walking distance to Main Street, you'll have easy access to festivals, shopping, schools, and a local baseball field. Don't wait, make your appointment today!

17. 2025-04-17
    status Active 479-char remark

    Show marketing remark (479 chars)

    Under $100k in the middle of Kaplan! 604 N Lejeune Rd is a 3 bed 2 bath 1,560 sqft home on an approx 40x130 lot. The roof was replaced 2 years ago as well as most of the sub floor and floors. This home does not require flood insurance and has never flooded. Could make a great personal home or investment. Located within walking distance to Main Street, you'll have easy access to festivals, shopping, schools, and a local baseball field. Don't wait, make your appointment today!

18. 2025-02-03
    price $82,500 479-char remark

    Show marketing remark (479 chars)

    Under $100k in the middle of Kaplan! 604 N Lejeune Rd is a 3 bed 2 bath 1,560 sqft home on an approx 40x130 lot. The roof was replaced 2 years ago as well as most of the sub floor and floors. This home does not require flood insurance and has never flooded. Could make a great personal home or investment. Located within walking distance to Main Street, you'll have easy access to festivals, shopping, schools, and a local baseball field. Don't wait, make your appointment today!

19. 2024-10-16
    listed $90,000 Active 479-char remark

    Show marketing remark (479 chars)

    Under $100k in the middle of Kaplan! 604 N Lejeune Rd is a 3 bed 2 bath 1,560 sqft home on an approx 40x130 lot. The roof was replaced 2 years ago as well as most of the sub floor and floors. This home does not require flood insurance and has never flooded. Could make a great personal home or investment. Located within walking distance to Main Street, you'll have easy access to festivals, shopping, schools, and a local baseball field. Don't wait, make your appointment today!

20. 2023-02-06
    soldstatus $50,000

ⓘ 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: $371 · $31/mo
• Projected year-2 tax: $412 · $34/mo
• Expected delta: +$41/yr (+$3/mo · 11.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $13,867
• − Mortgage interest: −$4,201
• − Property taxes: −$371
• − Insurance: −$1,172
• − Repairs & maintenance: −$1,109
• − Management: −$1,109
• − Depreciation: −$2,182
• Taxable income: $3,721
• Est. tax owed @ 24.0%: −$893
• After-tax cash flow: $3,798/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: Vermilion Parish
• NCES district ID: 2201800
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 53% ▼ -32.00%
• Median HH income: $45,115
• Composite: 39.37/100
• National rank: #3974
• State rank: #15 of 98 in LA

Livability — Kaplan

• Score: 63/100
• State rank: #192
• US rank: #15267

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kaplan, LA
• Population (ZIP): 9,077

Population outlook (Vermilion County) Hauer SSP2

• Today (2025): 64,095 people
• By 2030: 65,915 · +2.8%
• By 2040: 68,985 · +7.6%
• By 2050: 70,804 · +10.5%
• By 2075: 73,897 · +15.3%
• By 2100: 71,793 · +12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 3% Pacific Islander 3%
• Common ancestry: Lithuanian 18% Estonian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 90% English-only · French/Haitian/Cajun 8% Other Indo-European 1%

Political lean MEDSL · Vermilion

• 2024 margin: Solid R (+63.8) · D 17.6% · R 81.4% · Other 1.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -47.5pp · 2024: -63.8pp
• All cycles: 2024: R+63.8 2020: R+61.9 2016: R+59.6 2012: R+52.8 2008: R+47.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.08%
• Current HPI: 104.662
• 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

+50.0% since first listed

5 events — show timeline

• 2025-10-03 Price Changed $75,000 AcadianaMLS
• 2025-04-17 Relisted — AcadianaMLS
• 2025-02-03 Price Changed $82,500 AcadianaMLS
• 2024-10-16 Listed $90,000 AcadianaMLS
• 2023-02-06 Sold (Public Records) $50,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $371 · -2.5% YoY. Source: county tax records.