742 N Martin Luther King Junior Dr · St. Martinville, LA 70582

$39,000

2 bd · 1.0 ba · 960 sqft · Other public records · 75 Days on market

Built 1973 8,712 sqft lot $41/sqft · 39% below area Est $64k · 39% 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 +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Fixer-Upper Investment Opportunity Near Downtown St MartinvilleThis 2-bedroom, 1-bath home offers 960 square feet of potential, perfectly positioned on a generous 0.2-acre lot near downtown and local festival grounds. Fully furnished with all major appliances included, along with a washer and dryer--making it an excellent candidate for immediate rental or short-term investment use, with projected rental income ranging from $800 to $950 per month, providing solid income potential for investers seeking an affordable entry point for their portfolio. It is also ideal for First time homebuyers or empty nesters on a budget. This home presents a great opportunity for investors and homeowners alike, Bring your vision and unlock the value in this well-located fixer-upper. Opportunities like this don't last long--schedule your showing today!

Key facts

• 8,712 sq ft lot
• Parking
• Built 1973

🏷️ Possibly a rental listed for sale. The $39,000 price doesn't fit this home's estimated sale value (~$63,522) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $39k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($800 rent vs $39k).
• Recommended offer: $37k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.1% vs local median 6.9% in St. Martinville — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Martin Parish (rural): math 23% / reading 32% proficiency, ranked #49 of 98 in LA (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: St. Martinville Primary School (math 20% / reading 30%, grade F, #381 of 646 statewide, top 59%, 498 students, 77% FRL); St. Martinville Junior High School (math 9% / reading 32%, grade F, #161 of 218 statewide, top 76%, 385 students, 75% FRL); St. Martinville Senior High School (math 12% / reading 22%, grade F, #203 of 265 statewide, top 80%, 610 students, 67% FRL) — zoned schools at 73% FRL track the district average.
• Market conditions: 125 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 54 units permitted in St. Martin Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $270 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Martin County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($37k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $24k; list at $39k implies a 66% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $36,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 2.05% ✓
• Cap rate: 18.06%
• Cash-on-cash: 42.04%
• DSCR: 2.87
• GRM: 4.1

CMA / ARV

• ARV (median comp): $63,522
• List price: $39,000
• Delta: -38.60%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 38.7%
• Equity multiple: 2.65×
• Total profit: $18,046
• Equity at exit: $5,815

10-year hold

• IRR: 45.2%
• Equity multiple: 5.31×
• Total profit: $47,089
• Equity at exit: $3,372

Cash invested: $10,920 (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 70582

• Home prices YoY: -23.8%
• Active inventory: 125
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $800 medium
• Mortgage (P&I): −$205
• Tax from tax record: −$29 /mo · $344/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $383

Break-even live

Break-even rent $316

Max offer price $39,000

Occupancy floor 47%

Sensitivity live

Price	-10% $405	-5% $394	+0% $383	+5% $372	+10% $360
Rent	-10% $319	-5% $351	+0% $383	+5% $414	+10% $446
Rate	-1.0pp $402	-0.5pp $392	base $383	+0.5pp $372	+1.0pp $362

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: $9,750
• Closing costs: $1,170
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
517 Lasalle St Saint Martinville, LA	2.0	1.0	1020	$800	$0.78	23d	1	0.78mi

Listing history 21 events

1. 2026-06-21
   days on market $39,000 Active 75 DOM
2. 2026-06-18
   days on market $39,000 Active 72 DOM
3. 2026-06-17
   days on market $39,000 Active 71 DOM
4. 2026-06-16
   days on market $39,000 Active 70 DOM
5. 2026-06-15
   days on market $39,000 Active 69 DOM
6. 2026-06-14
   days on market $39,000 Active 67 DOM
7. 2026-06-13
   days on market $39,000 Active 66 DOM
8. 2026-06-10
   days on market $39,000 Active 64 DOM
9. 2026-06-09
   days on market $39,000 Active 63 DOM
10. 2026-06-08
    days on market $39,000 Active 62 DOM
11. 2026-06-07
    days on market $39,000 Active 61 DOM
12. 2026-06-05
    days on market $39,000 Active 58 DOM
13. 2026-06-02
    days on market $39,000 Active 56 DOM
14. 2026-06-01
    days on market $39,000 Active 55 DOM
15. 2026-05-31
    days on market $39,000 Active 54 DOM
16. 2026-05-30
    days on market $39,000 Active 53 DOM
17. 2026-05-19
    price $39,000 852-char remark

    Show marketing remark (852 chars)

    Charming Fixer-Upper Investment Opportunity Near Downtown St MartinvilleThis 2-bedroom, 1-bath home offers 960 square feet of potential, perfectly positioned on a generous 0.2-acre lot near downtown and local festival grounds. Fully furnished with all major appliances included, along with a washer and dryer--making it an excellent candidate for immediate rental or short-term investment use, with projected rental income ranging from $800 to $950 per month, providing solid income potential for investers seeking an affordable entry point for their portfolio. It is also ideal for First time homebuyers or empty nesters on a budget. This home presents a great opportunity for investors and homeowners alike, Bring your vision and unlock the value in this well-located fixer-upper. Opportunities like this don't last long--schedule your showing today!

18. 2026-05-08
    price $45,000 852-char remark

    Show marketing remark (852 chars)

    Charming Fixer-Upper Investment Opportunity Near Downtown St MartinvilleThis 2-bedroom, 1-bath home offers 960 square feet of potential, perfectly positioned on a generous 0.2-acre lot near downtown and local festival grounds. Fully furnished with all major appliances included, along with a washer and dryer--making it an excellent candidate for immediate rental or short-term investment use, with projected rental income ranging from $800 to $950 per month, providing solid income potential for investers seeking an affordable entry point for their portfolio. It is also ideal for First time homebuyers or empty nesters on a budget. This home presents a great opportunity for investors and homeowners alike, Bring your vision and unlock the value in this well-located fixer-upper. Opportunities like this don't last long--schedule your showing today!

19. 2026-04-27
    price $49,000 852-char remark

    Show marketing remark (852 chars)

    Charming Fixer-Upper Investment Opportunity Near Downtown St MartinvilleThis 2-bedroom, 1-bath home offers 960 square feet of potential, perfectly positioned on a generous 0.2-acre lot near downtown and local festival grounds. Fully furnished with all major appliances included, along with a washer and dryer--making it an excellent candidate for immediate rental or short-term investment use, with projected rental income ranging from $800 to $950 per month, providing solid income potential for investers seeking an affordable entry point for their portfolio. It is also ideal for First time homebuyers or empty nesters on a budget. This home presents a great opportunity for investors and homeowners alike, Bring your vision and unlock the value in this well-located fixer-upper. Opportunities like this don't last long--schedule your showing today!

20. 2026-04-07
    listed $55,000 Active 852-char remark

    Show marketing remark (852 chars)

    Charming Fixer-Upper Investment Opportunity Near Downtown St MartinvilleThis 2-bedroom, 1-bath home offers 960 square feet of potential, perfectly positioned on a generous 0.2-acre lot near downtown and local festival grounds. Fully furnished with all major appliances included, along with a washer and dryer--making it an excellent candidate for immediate rental or short-term investment use, with projected rental income ranging from $800 to $950 per month, providing solid income potential for investers seeking an affordable entry point for their portfolio. It is also ideal for First time homebuyers or empty nesters on a budget. This home presents a great opportunity for investors and homeowners alike, Bring your vision and unlock the value in this well-located fixer-upper. Opportunities like this don't last long--schedule your showing today!

21. 2026-03-12
    soldstatus $23,500

ⓘ 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: $344 · $29/mo
• Projected year-2 tax: $344 · $29/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 · 0% 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: $9,600
• − Mortgage interest: −$2,185
• − Property taxes: −$344
• − Insurance: −$195
• − Repairs & maintenance: −$768
• − Management: −$768
• − Depreciation: −$1,135
• Taxable income: $4,206
• Est. tax owed @ 24.0%: −$1,009
• After-tax cash flow: $3,581/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. Martin Parish
• NCES district ID: 2201590
• Math proficiency: 23% ▼ -44.00%
• Reading proficiency: 32% ▼ -36.00%
• Median HH income: $42,813
• Composite: 23.41/100
• National rank: #7897
• State rank: #49 of 98 in LA

Livability — St. Martinville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Martinville, LA
• Population (ZIP): 19,159

Population outlook (St. Martin County) Hauer SSP2

• Today (2025): 57,446 people
• By 2030: 58,857 · +2.5%
• By 2040: 60,859 · +5.9%
• By 2050: 61,419 · +6.9%
• By 2075: 61,574 · +7.2%
• By 2100: 57,253 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 30% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 15%
• Foreign-born: 1%
• Languages at home: 92% English-only · French/Haitian/Cajun 7% Spanish 1%

Political lean MEDSL · St. Martin

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.0%
• 2008→2024 swing: -20.0pp toward R · 2008: -20.7pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+36.1 2016: R+33.4 2012: R+24.5 2008: R+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.36%
• Current HPI: 155.151
• 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

+66.0% since first listed

5 events — show timeline

• 2026-05-19 Price Changed $39,000 AcadianaMLS
• 2026-05-08 Price Changed $45,000 AcadianaMLS
• 2026-04-27 Price Changed $49,000 AcadianaMLS
• 2026-04-07 Listed $55,000 AcadianaMLS
• 2026-03-12 Sold (Public Records) $23,500 Public Records

Property tax history

+1.7%/yr

Latest (2025): $344 · +0.0% YoY. Source: county tax records.