810 Patch St · Carlyss, LA 70665

$135,000

5 bd · 3.0 ba · 2,408 sqft · SingleFamily · 142 Days on market

Built 1960 0.63 ac lot $56/sqft · 48% below area Est $259k · 48% 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
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 810 Patch Street. .. a spacious 5 bedroom, 3 bath home situated on a generous . 63-acre lot with so much room for potential both inside and out. This property offers the flexibility to fit a variety of needs, whether you’re looking to grow, entertain, or simply enjoy extra space. Inside, each bedroom features ample closet space along with abundant storage throughout the home. Major updates include a new roof installed in 2020, adding peace of mind and long-term value. Outside, you’ll find a large covered carport for convenient parking plus an additional concrete slab that opens the door for extra vehicles, recreational equipment, or future projects. Conveniently located, full of opportunity, and strong bones; this home blends comfort, functionality, and endless possibilities — a rare find with space, storage, and so much potential all in one address.

Key facts

• Generous lot
• Ample closet space
• Abundant storage

Tags

• GENEROUS LOT
• AMPLE CLOSET SPACE
• ABUNDANT STORAGE
• NEW ROOF
• LARGE COVERED CARPORT
• ADDITIONAL CONCRETE SLAB

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $2k ($26k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 29.6% vs local median 8.3% in Carlyss — 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 61/100 on livability (#237 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime D-, amenities F, commute F.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: W. T. Henning Elementary School (math 27% / reading 37%, grade F, #307 of 646 statewide, top 49%, 397 students, 56% FRL); W. W. Lewis Middle School (math 33% / reading 48%, grade F, #62 of 218 statewide, top 29%, 777 students, 49% FRL); Sulphur High School (math 36% / reading 53%, grade F, #58 of 265 statewide, top 23%, 2,043 students, 47% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 236 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
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 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: 3.26% ✓
• Cap rate: 29.56%
• Cash-on-cash: 83.09%
• DSCR: 4.70
• GRM: 2.6

CMA / ARV

• ARV (median comp): $259,379
• List price: $135,000
• Delta: -47.95%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
555 Mustang St	0.65mi	4/3.0 (-1)	2,130 (-12%)	11mo	$220,000	$103	37

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: 69.1%
• Equity multiple: 4.12×
• Total profit: $117,946
• Equity at exit: $20,129

10-year hold

• IRR: 73.2%
• Equity multiple: 8.50×
• Total profit: $283,534
• Equity at exit: $11,672

Cash invested: $37,800 (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 70665

• Active inventory: 236
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $4,400 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$94 /mo · $1,132/yr
• Insurance: −$56
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$924
• Net cashflow: $2,191

Break-even live

Break-even rent $1,627

Max offer price $135,000

Occupancy floor 45%

Sensitivity live

Price	-10% $2,267	-5% $2,229	+0% $2,191	+5% $2,153	+10% $2,114
Rent	-10% $1,843	-5% $2,017	+0% $2,191	+5% $2,365	+10% $2,538
Rate	-1.0pp $2,259	-0.5pp $2,225	base $2,191	+0.5pp $2,156	+1.0pp $2,120

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
293 Sawyer Dr Sulphur, LA	4.0	2.0	2079	$4,400	$2.12	45d	1	0.86mi

Listing history 21 events

1. 2026-06-21
   days on market $135,000 Active 142 DOM
2. 2026-06-19
   days on market $135,000 Active 140 DOM
3. 2026-06-18
   days on market $135,000 Active 139 DOM
4. 2026-06-17
   days on market $135,000 Active 138 DOM
5. 2026-06-16
   days on market $135,000 Active 137 DOM
6. 2026-06-15
   days on market $135,000 Active 136 DOM
7. 2026-06-14
   days on market $135,000 Active 134 DOM
8. 2026-06-13
   days on market $135,000 Active 133 DOM
9. 2026-06-10
   days on market $135,000 Active 131 DOM
10. 2026-06-09
    days on market $135,000 Active 130 DOM
11. 2026-06-08
    days on market $135,000 Active 129 DOM
12. 2026-06-07
    days on market $135,000 Active 128 DOM
13. 2026-06-05
    days on market $135,000 Active 125 DOM
14. 2026-06-02
    days on market $135,000 Active 123 DOM
15. 2026-06-01
    days on market $135,000 Active 122 DOM
16. 2026-05-31
    days on market $135,000 Active 121 DOM
17. 2026-05-30
    days on market $135,000 Active 120 DOM
18. 2026-05-04
    price $135,000 891-char remark

    Show marketing remark (891 chars)

    Welcome to 810 Patch Street. .. a spacious 5 bedroom, 3 bath home situated on a generous . 63-acre lot with so much room for potential both inside and out. This property offers the flexibility to fit a variety of needs, whether you’re looking to grow, entertain, or simply enjoy extra space. Inside, each bedroom features ample closet space along with abundant storage throughout the home. Major updates include a new roof installed in 2020, adding peace of mind and long-term value. Outside, you’ll find a large covered carport for convenient parking plus an additional concrete slab that opens the door for extra vehicles, recreational equipment, or future projects. Conveniently located, full of opportunity, and strong bones; this home blends comfort, functionality, and endless possibilities — a rare find with space, storage, and so much potential all in one address.

19. 2026-01-30
    listed $145,000 Active 891-char remark

    Show marketing remark (891 chars)

    Welcome to 810 Patch Street. .. a spacious 5 bedroom, 3 bath home situated on a generous . 63-acre lot with so much room for potential both inside and out. This property offers the flexibility to fit a variety of needs, whether you’re looking to grow, entertain, or simply enjoy extra space. Inside, each bedroom features ample closet space along with abundant storage throughout the home. Major updates include a new roof installed in 2020, adding peace of mind and long-term value. Outside, you’ll find a large covered carport for convenient parking plus an additional concrete slab that opens the door for extra vehicles, recreational equipment, or future projects. Conveniently located, full of opportunity, and strong bones; this home blends comfort, functionality, and endless possibilities — a rare find with space, storage, and so much potential all in one address.

20. 2022-01-24
    soldstatus $135,000
21. 2020-10-02
    soldstatus $80,000

ⓘ 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: $1,132 · $94/mo
• Projected year-2 tax: $1,132 · $94/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 6/10 Major FEMA zone AE · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,800
• − Mortgage interest: −$7,562
• − Property taxes: −$1,132
• − Insurance: −$5,794
• − Repairs & maintenance: −$4,224
• − Management: −$4,224
• − Depreciation: −$3,927
• Taxable income: $25,937
• Est. tax owed @ 24.0%: −$6,225
• After-tax cash flow: $20,066/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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Carlyss

• Score: 61/100
• State rank: #237
• US rank: #18031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carlyss, LA
• Population (ZIP): 12,891

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 8% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.65%
• Current HPI: 99.2379
• 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

+68.8% since first listed

4 events — show timeline

• 2026-05-04 Price Changed $135,000 SWLAR
• 2026-01-30 Listed $145,000 SWLAR
• 2022-01-24 Sold (Public Records) $135,000 Public Records
• 2020-10-02 Sold (Public Records) $80,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,132 · +1.2% YoY. Source: county tax records.