1970 Avenue L Ave · Bogalusa, LA 70427

$84,900

3 bd · 2.0 ba · 1,326 sqft · SingleFamily · 276 Days on market

Built 1970 1.36 ac lot Est $81k · at est. ↓ 14% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.3/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

Key facts

• Covered carport
• 700 sq ft workshop
• Cul-de-sac

Tags

• COVERED CARPORT
• 700 SQ FT WORKSHOP
• CUL-DE-SAC

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $701 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.2% vs local median 6.0% in Bogalusa — 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 59/100 on livability (#273 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• City Of Bogalusa School District (town): math 4% / reading 14% proficiency, ranked #96 of 98 in LA (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bogalusa High School (math 3% / reading 17%, grade F, #239 of 265 statewide, top 91%, 705 students, 74% FRL).
• Market conditions: 87 active listings in the ZIP; 10 units permitted in Washington Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Washington County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 276 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 276 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 1970 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.90% ✓
• Cap rate: 16.21%
• Cash-on-cash: 35.41%
• DSCR: 2.58
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $80,886
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2229 Avenue F	0.58mi	3/1.0	1,342 (+1%)	1mo	$79,900	$60	66
512 W 18th St	0.57mi	3/1.5	1,354 (+2%)	14mo	$83,000	$61	56
420 S Pecan St	0.65mi	3/2.0	1,397 (+5%)	12mo	$85,000	$61	51
1707 E Ave	0.66mi	3/1.0	1,224 (-8%)	18mo	$100,000	$82	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: 31.0%
• Equity multiple: 2.30×
• Total profit: $30,933
• Equity at exit: $12,659

10-year hold

• IRR: 38.2%
• Equity multiple: 4.56×
• Total profit: $84,524
• Equity at exit: $7,341

Cash invested: $23,772 (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 70427

• Home prices YoY: -17.8%
• Active inventory: 87
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,611 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$91 /mo · $1,088/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $701

Break-even live

Break-even rent $723

Max offer price $84,900

Occupancy floor 51%

Sensitivity live

Price	-10% $750	-5% $725	+0% $701	+5% $677	+10% $653
Rent	-10% $574	-5% $638	+0% $701	+5% $765	+10% $829
Rate	-1.0pp $744	-0.5pp $723	base $701	+0.5pp $679	+1.0pp $657

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-04-19
   status Pending 997-char remark

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

2. 2026-04-19
   status Pending

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

3. 2026-01-15
   price $84,900 997-char remark

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

4. 2026-01-15
   price $84,900

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

5. 2025-07-17
   listed $99,000 Active 997-char remark

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

6. 2025-07-17
   listed $99,000 Active

   Show marketing remark (997 chars)

   Why settle for one house when you can have TWO? Welcome to this two-for-one special sitting on 1.36 acres at the end of a quiet cul-de-sac, where traffic is low, and possibilities are high! The main home offers 3 bedrooms, 2 bathrooms, a roomy living area, and a covered carport. The second home is bringing the drama (in a good way) with 4 bedrooms, 2 bathrooms, and a huge bonus room ready for whatever you dream up! Need space to tinker, build, store, or escape? You've got it! Thanks to the 700+ sq ft workshop with covered storage out back. Utilities include shared water, separate septic systems, and separate electric meters, making this setup even more appealing. Are they fixer-uppers? Absolutely. But with two homes, a workshop, and acres to play with, this property is packed with potential and personality. Perfect for investors, DIY dreamers, or anyone looking to turn a little chaos into something incredible. Double the houses * Double the opportunity * Schedule your showing today!

ⓘ 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: $1,088 · $91/mo
• Projected year-2 tax: $1,088 · $91/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 ≥109°F today · 20 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: $19,333
• − Mortgage interest: −$4,756
• − Property taxes: −$1,088
• − Insurance: −$424
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$2,470
• Taxable income: $7,501
• Est. tax owed @ 24.0%: −$1,800
• After-tax cash flow: $6,617/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 Bogalusa School District
• NCES district ID: 2200240
• Math proficiency: 4% ▼ -30.00%
• Reading proficiency: 14% ▼ -36.00%
• Median HH income: $26,185
• Composite: 6.48/100
• National rank: #9994
• State rank: #96 of 98 in LA

Livability — Bogalusa

• Score: 59/100
• State rank: #273
• US rank: #19955

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 17,564

Population outlook (Washington County) Hauer SSP2

• Today (2025): 44,642 people
• By 2030: 43,302 · -3.0%
• By 2040: 40,345 · -9.6%
• By 2050: 37,434 · -16.1%
• By 2075: 29,954 · -32.9%
• By 2100: 21,579 · -51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 57% Black 34% Hispanic / Latino 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Italian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+40.3) · D 29.3% · R 69.6% · Other 1.1%
• 2008→2024 swing: -7.6pp toward R · 2008: -32.7pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.6 2016: R+36.8 2012: R+28.3 2008: R+32.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.26%
• Current HPI: 112.358
• 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

-14.2% since first listed

6 events — show timeline

• 2026-04-19 Pending — AcadianaMLS
• 2026-04-19 Pending — GSREIN
• 2026-01-15 Price Changed $84,900 AcadianaMLS
• 2026-01-15 Price Changed $84,900 GSREIN
• 2025-07-17 Listed $99,000 GSREIN
• 2025-07-17 Listed $99,000 AcadianaMLS

Property tax history

+3.4%/yr

Latest (2025): $1,088 · +0.3% YoY. Source: county tax records.