16011 Peairs Rd · Central, LA 70770

$109,900

3 bd · 2.0 ba · 1,032 sqft · SingleFamily · 220 Days on market

Built 1960 2.14 ac lot $106/sqft · 50% below area Est $219k · 50% under

---

Why this score? — see what drove the C+ 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 +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +6.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential -- whether you're looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out -- all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you've been searching for land with true potential and a country feel, this is your chance to make it yours!

Key facts

• Room to spread out
• Plenty of privacy
• 2 acre lot

Tags

• 2 ACRE LOT
• MATURE TREES
• PLENTY OF PRIVACY
• ROOM TO SPREAD OUT
• NO HOA
• SPACE FOR WORKSHOPS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 3.3% in Central — 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 (#25 in LA, #4,761 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• 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: 38 active listings in the ZIP; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 220 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $110k implies a 223% 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 $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 220 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. Schools are A-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. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.73%
• DSCR: 1.39
• GRM: 7.6

CMA / ARV

• ARV (median comp): $218,681
• List price: $109,900
• Delta: -49.74%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-3,547
• Equity at exit: $16,386

10-year hold

• IRR: 6.6%
• Equity multiple: 1.50×
• Total profit: $15,281
• Equity at exit: $9,502

Cash invested: $30,772 (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 70770

• Home prices YoY: -30.8%
• Active inventory: 38
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,211 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$111 /mo · $1,331/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $224

Break-even live

Break-even rent $928

Max offer price $109,900

Occupancy floor 77%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $109,900 Active 220 DOM
2. 2026-06-17
   days on market $109,900 Active 219 DOM
3. 2026-06-16
   days on market $109,900 Active 218 DOM
4. 2026-06-15
   days on market $109,900 Active 217 DOM
5. 2026-06-14
   days on market $109,900 Active 215 DOM
6. 2026-06-10
   days on market $109,900 Active 212 DOM
7. 2026-06-09
   days on market $109,900 Active 211 DOM
8. 2026-06-08
   days on market $109,900 Active 210 DOM
9. 2026-06-07
   days on market $109,900 Active 209 DOM
10. 2026-06-05
    days on market $109,900 Active 206 DOM
11. 2026-06-03
    days on market $109,900 Active 205 DOM
12. 2026-06-02
    days on market $109,900 Active 204 DOM
13. 2026-06-01
    days on market $109,900 Active 203 DOM
14. 2026-05-31
    days on market $109,900 Active 202 DOM
15. 2026-05-31
    days on market $109,900 Active 201 DOM
16. 2026-05-02
    price $109,900 767-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

17. 2026-05-02
    price $109,900 789-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

18. 2026-01-26
    price $120,000 767-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

19. 2026-01-26
    price $120,000 789-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

20. 2025-11-10
    listed $130,000 Active 767-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

21. 2025-11-10
    listed $130,000 Active 789-char remark

    Show marketing remark (789 chars)

    Escape the hustle and bustle and enjoy the peace and quiet of country living on this beautiful 2+ acre lot in Pride, Louisiana. This spacious property offers endless potential — whether you’re looking to build your dream home, place a new manufactured home, or take on a full renovation project. The existing home on the property will require a complete gut and remodel, giving you the opportunity to design and rebuild exactly how you want. Enjoy mature trees, plenty of privacy, and room to spread out — all while being just a short drive to Zachary, Central, and Baton Rouge amenities. No HOA and plenty of space for workshops, gardens, or livestock. If you’ve been searching for land with true potential and a country feel, this is your chance to make it yours!

22. 2010-03-10
    soldstatus $34,000

ⓘ 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: $1,331 · $111/mo
• Projected year-2 tax: $1,331 · $111/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,536
• − Mortgage interest: −$6,156
• − Property taxes: −$1,331
• − Insurance: −$550
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$3,197
• Taxable income: $976
• Est. tax owed @ 24.0%: −$234
• After-tax cash flow: $2,452/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 — Central

• Score: 74/100
• State rank: #25
• US rank: #4761

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 10,403
• Population (ZIP): 3,279

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 White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 13% Iranian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -83.70%
• Current HPI: 187.8011
• 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

+223.2% since first listed

7 events — show timeline

• 2026-05-02 Price Changed $109,900 AcadianaMLS
• 2026-05-02 Price Changed $109,900 GBRMLS
• 2026-01-26 Price Changed $120,000 AcadianaMLS
• 2026-01-26 Price Changed $120,000 GBRMLS
• 2025-11-10 Listed $130,000 GBRMLS
• 2025-11-10 Listed $130,000 AcadianaMLS
• 2010-03-10 Sold (Public Records) $34,000 Public Records

Property tax history

+20.3%/yr

Latest (2025): $1,331 · -0.4% YoY. Source: county tax records.