704 Ash St · Franklin, LA 70538

$45,000

1 bd · 1.0 ba · 400 sqft · SingleFamily · 287 Days on market

Built 1945 Fair condition 3,484 sqft lot ↓ 10% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.3/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Come take a look at this property! Property has a dual use which can potentially be used for residential and commercial. Interior and exterior has been renovated. Interior features: New electric hot water heater, laminate flooring, new cabinetry and countertop with double sink, new breaker panel and circuits and all walls have been freshly painted with new switch plates and outlet covers. Property is cable ready and lines for connection of a desktop computer. AT & T is the service provider for the land line in which the wall jack is already installed. Exterior features: New vinyl siding, outdoor lighting, concrete steps (Front and Back), and new tin roof. Property is located near Bayou Bend Hospital, Fitness Center and Hanson Memorial High School.

Key facts

• Laminate flooring
• Renovated
• New breaker panel

Tags

• RENOVATED
• NEW ELECTRIC HOT WATER HEATER
• LAMINATE FLOORING
• NEW CABINETRY
• DOUBLE SINK
• NEW BREAKER PANEL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $45k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($756 rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 5.9% in Franklin — 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 67/100 on livability (#107 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime F, amenities F, commute F.
• St. Mary Parish (town): math 28% / reading 39% proficiency, ranked #37 of 98 in LA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 93 active listings in the ZIP; 37 units permitted in St. Mary Parish in 2024 (20 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($311 loan paydown + $1k appreciation (2.6% local appreciation)).
• St. Mary County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.6% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 287 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.68% ✓
• Cap rate: 13.92%
• Cash-on-cash: 27.26%
• DSCR: 2.21
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.4%
• Equity multiple: 2.79×
• Total profit: $22,611
• Equity at exit: $19,117

10-year hold

• IRR: 33.2%
• Equity multiple: 5.47×
• Total profit: $56,297
• Equity at exit: $28,621

Cash invested: $12,600 (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 70538

• Home prices YoY: 3.2%
• Active inventory: 93
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $756 medium
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$159
• Net cashflow: $286

Break-even live

Break-even rent $394

Max offer price $45,000

Occupancy floor 57%

Sensitivity live

Price	-10% $317	-5% $302	+0% $286	+5% $271	+10% $255
Rent	-10% $226	-5% $256	+0% $286	+5% $316	+10% $346
Rate	-1.0pp $309	-0.5pp $298	base $286	+0.5pp $275	+1.0pp $263

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-01
   days on market $45,000 Active 287 DOM
2. 2026-05-31
   days on market $45,000 Active 286 DOM
3. 2026-05-31
   days on market $45,000 Active 285 DOM
4. 2025-08-18
   listed $45,000 Active 763-char remark

   Show marketing remark (759 chars)

   Come take a look at this property! Property has a dual use which can potentially be used for residential and commercial. Interior and exterior has been renovated. Interior features: New electric hot water heater, laminate flooring, new cabinetry and countertop with double sink, new breaker panel and circuits and all walls have been freshly painted with new switch plates and outlet covers. Property is cable ready and lines for connection of a desktop computer. AT&T is the service provider for the land line in which the wall jack is already installed. Exterior features: New vinyl siding, outdoor lighting, concrete steps (Front and Back), and new tin roof. Property is located near Bayou Bend Hospital, Fitness Center and Hanson Memorial High School.

5. 2025-08-18
   listed $45,000 Active 759-char remark

   Show marketing remark (759 chars)

   Come take a look at this property! Property has a dual use which can potentially be used for residential and commercial. Interior and exterior has been renovated. Interior features: New electric hot water heater, laminate flooring, new cabinetry and countertop with double sink, new breaker panel and circuits and all walls have been freshly painted with new switch plates and outlet covers. Property is cable ready and lines for connection of a desktop computer. AT&T is the service provider for the land line in which the wall jack is already installed. Exterior features: New vinyl siding, outdoor lighting, concrete steps (Front and Back), and new tin roof. Property is located near Bayou Bend Hospital, Fitness Center and Hanson Memorial High School.

6. 2025-02-13
   listed $49,900 Active
7. 2025-02-13
   listed $49,900 Active

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

Taxation est. · year 1

• Rental income: $9,071
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$726
• − Management: −$726
• − Depreciation: −$1,309
• Taxable income: $2,890
• Est. tax owed @ 24.0%: −$694
• After-tax cash flow: $2,741/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

The property shows moderate renovation with average condition, requiring some landscaping and maintenance to improve its overall appearance and value.

Repairs flagged

• Minor Landscaping — Some overgrown grass
• Minor Fencing — Some sections appear worn

Value-add opportunities

• Both Landscaping and fencing improvements — Enhances curb appeal and property value
• Both Painting exterior and interior walls — Fresh paint improves appearance and value
• Rental Refrigerator and other appliances — Appliances are essential for rental readiness

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Some overgrown grass	Minor	$500–3,000
Fencing · Some sections appear worn	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Landscaping and fencing improvements — Enhances curb appeal and property value ↑
• Both Painting exterior and interior walls — Fresh paint improves appearance and value ↑
• Rental Refrigerator and other appliances — Appliances are essential for rental readiness ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: St. Mary Parish
• NCES district ID: 2201620
• Math proficiency: 28% ▼ -40.00%
• Reading proficiency: 39% ▼ -33.00%
• Median HH income: $39,843
• Composite: 28.1/100
• National rank: #6828
• State rank: #37 of 98 in LA

Livability — Franklin

• Score: 67/100
• State rank: #107
• US rank: #10368

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklin, LA
• Population (ZIP): 12,561

Population outlook (St. Mary County) Hauer SSP2

• Today (2025): 49,510 people
• By 2030: 47,570 · -3.9%
• By 2040: 43,880 · -11.4%
• By 2050: 40,655 · -17.9%
• By 2075: 37,190 · -24.9%
• By 2100: 38,101 · -23.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 48% Black 41% Two or more races 7% Hispanic / Latino 5% Native American 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 8% Italian 1%
• Foreign-born: 1% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 1% Vietnamese 1%

Political lean MEDSL · St. Mary

• 2024 margin: Solid R (+31.9) · D 33.5% · R 65.4% · Other 1.0%
• 2008→2024 swing: -15.1pp toward R · 2008: -16.8pp · 2024: -31.9pp
• All cycles: 2024: R+31.9 2020: R+29.1 2016: R+27.6 2012: R+18.8 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.56%
• Current HPI: 82.9321
• 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

-9.8% since first listed

4 events — show timeline

• 2025-08-18 Listed $45,000 GBRMLS
• 2025-08-18 Listed $45,000 AcadianaMLS
• 2025-02-13 Listed $49,900 AcadianaMLS
• 2025-02-13 Listed $49,900 GBRMLS