807 S 9th St Unit 115 Vernon, 107 S 1st, 117 Richmond, 122 Powells · Monroe, LA 71202

$255,575

None bd · None ba · — sqft · Condo · 466 Days on market

↓ 21% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Cash flow +0.0/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Great Deal for Investors!!! 8 properties. Income producing. 107 S 1st- 115 Vernon- 117 Richmond- 122 Powells Alley-807 s 9th- 305 s 9th- 301 s. 9th- 902 Ouachita. All measurements are approximate. Properties to be sold "as-is/where-is". For all showings, contact Julie Hansen 318-355-7301. Please do not disturb the tenants. Fully occupied monthly income of $3875. Property Photos coming this week!

Key facts

• Listed 465 days

Property features AI

Finance

• Other: Paved road access; Multiple addresses on one listing
• Financial info: Investment property (residential income/multi-family)

Exterior

• Parking: Has open parking
• Utilities: Water source: Other; Public sewer (and other sewer types)
• Home design: Multi-family residential income property; Multi-unit property
• Construction: Frame and brick veneer construction; Slab foundation, pier/pillar/pier foundation and other foundation types; Asphalt and other roof types
• Exterior features: Covered patio/porch; Some units or areas have no patio/porch

Interior

• Kitchen: No major appliances listed
• Heating & cooling: Electric cooling; Has cooling; Has heating; Heating type: Other; Gas and electric water heaters listed
• Interior features: Other interior features
• Laundry & utility: Laundry details: see remarks

What this means for you Summary

Snapshot

• This is a condo listed at $256k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $80k (68.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $70k (72.7% below list).
• Recommended offer: $70k (72.7% below list) — sets the bar for 1% rule.
• Cap rate 0.6% vs local median 5.7% in Monroe — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 66/100 on livability (#128 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: crime F, amenities F, commute F.
• City Of Monroe School District (urban): math 21% / reading 31% proficiency, ranked #60 of 98 in LA (top 61%) — 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: 69 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 466 days — a 12% lower offer ($225k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,750 (72.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 466 days. Have you received any prior offers? Is the seller open to a 73% concession, seller financing, or rate buy-down credit?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.27% ✗
• Cap rate: 0.59%
• Cash-on-cash: -20.38%
• DSCR: 0.09
• GRM: 30.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -58.8%
• Equity multiple: -0.66×
• Total profit: $-118,800
• Equity at exit: $38,107

10-year hold

• IRR: —
• Equity multiple: -1.84×
• Total profit: $-203,067
• Equity at exit: $22,097

Cash invested: $71,561 (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 71202

• Active inventory: 69
• Price-to-rent: 30.5×

Monthly cashflow live

• Estimated rent: $698 high
• Mortgage (P&I): −$1,340
• Tax est. 1.5%: −$319 /mo · $3,834/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$146
• Net cashflow: $-1,215

Break-even live

Break-even rent $2,236

Max offer price $79,734

Occupancy floor —

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: $63,894
• Closing costs: $7,667
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1010 S 3rd St Monroe, LA	2.0	1.0	—	$500	—	21d	1	0.49mi
1006 S 2nd St Monroe, LA	3.0	1.0	1200	$625	$0.52	21d	1	0.55mi
107 Riverbend Dr West Monroe, LA	2.0	1.0	896	$800	$0.89	21d	1	1.15mi
100 S 23rd St Unit C Monroe, LA	2.0	1.0	—	$500	—	21d	1	1.30mi
212 Ludwig Ave West Monroe, LA	3.0	2.0	2600	$1,350	$0.52	21d	1	1.43mi
411 Filhiol Ave West Monroe, LA	2.0	1.0	782	$875	$1.12	21d	1	1.43mi
2807 Georgia St Monroe, LA	3.0	1.0	—	$725	—	21d	1	1.49mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-19
   days on market $255,575 Active 466 DOM
2. 2026-06-18
   days on market $255,575 Active 465 DOM
3. 2026-06-17
   days on market $255,575 Active 464 DOM
4. 2026-06-16
   days on market $255,575 Active 463 DOM
5. 2026-06-15
   days on market $255,575 Active 462 DOM
6. 2026-06-14
   days on market $255,575 Active 460 DOM
7. 2026-06-13
   days on market $255,575 Active 459 DOM
8. 2026-06-10
   days on market $255,575 Active 457 DOM
9. 2026-06-09
   days on market $255,575 Active 456 DOM
10. 2026-06-08
    days on market $255,575 Active 455 DOM
11. 2026-06-07
    days on market $255,575 Active 454 DOM
12. 2026-06-05
    days on market $255,575 Active 451 DOM
13. 2026-06-02
    days on market $255,575 Active 449 DOM
14. 2026-06-01
    days on market $255,575 Active 448 DOM
15. 2026-05-31
    days on market $255,575 Active 447 DOM
16. 2026-05-30
    days on market $255,575 Active 446 DOM
17. 2025-09-17
    price $255,575
18. 2025-03-10
    listed $321,625 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥112°F today · 20 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% 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: $8,370
• − Mortgage interest: −$14,316
• − Property taxes: −$3,834
• − Insurance: −$1,278
• − Repairs & maintenance: −$670
• − Management: −$670
• − Depreciation: −$7,435
• Taxable loss: −$19,832
• Est. tax savings @ 24.0%: +$4,760
• After-tax cash flow: $-9,823/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: City Of Monroe School District
• NCES district ID: 2201080
• Math proficiency: 21% ▼ -36.00%
• Reading proficiency: 31% ▼ -34.00%
• Median HH income: $28,751
• Composite: 20.82/100
• National rank: #8505
• State rank: #60 of 98 in LA

Livability — Monroe

• Score: 66/100
• State rank: #128
• US rank: #11948

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Monroe, LA
• City population: 60,136
• Population (ZIP): 26,791

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% White 11% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.58%
• Current HPI: 82.9973
• 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

-20.5% since first listed

2 events — show timeline

• 2025-09-17 Price Changed $255,575 NELABOR
• 2025-03-10 Listed $321,625 NELABOR