209 Harding Dr · Monroe, LA 71203

$110,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 81 Days on market

Built 1978 $92/sqft · 15% below area Est $130k · 15% 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 +14.4/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Livability +3.3/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming and affordable home located in the desirable Presidential Estates! Priced at just $110,000, this 3-bedroom, 1.5-bath property offers comfort, functionality, and great value. The three bedrooms provide flexibility for family, guests, or even a home office, while the 1.5 baths add convenience for busy households. Step outside to enjoy a fully fenced yard—ideal for pets, kids, or outdoor entertaining. The attached carport offers covered parking and additional storage space. Whether you’re a first-time homebuyer, downsizing, or looking for an investment opportunity, this home checks all the boxes. Don’t miss your chance to own in Presidential Estates—schedule your showing today!

Key facts

• Attached carport
• Fully fenced yard
• Garage

Tags

• FULLY FENCED YARD
• ATTACHED CARPORT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 5.7% in Monroe — 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 66/100 on livability (#128 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Ouachita Parish (suburban): math 31% / reading 45% proficiency, ranked #26 of 98 in LA (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Swartz Lower Elementary School (392 students, 67% FRL); Ouachita Junior High School (math 12% / reading 25%, grade F, #169 of 218 statewide, top 78%, 422 students, 80% FRL); Ouachita Parish High School (math 23% / reading 31%, grade F, #136 of 265 statewide, top 55%, 1,191 students, 66% FRL) — zoned schools average 71% FRL vs 52% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 38% district-wide (-15 pts) — the specific schools serving this property underperform the Ouachita Parish average; the district grade overstates school quality for this exact location.
• Market conditions: 440 active listings in the ZIP; 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago 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

• Climate carrying-cost: severe wind risk, 80% 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 $103,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 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 1978 — 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. 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?
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: 1.36% ✓
• Cap rate: 12.10%
• Cash-on-cash: 20.73%
• DSCR: 1.92
• GRM: 6.1

CMA / ARV

• ARV (median comp): $129,988
• List price: $110,000
• Delta: -15.38%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 Eisenhower Dr	0.09mi	3/2.0	1,160 (-3%)	17mo	$129,900	$112	72
119 Carter Dr	0.14mi	3/1.0	1,044 (-13%)	12mo	$38,000	$36	62

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: 13.1%
• Equity multiple: 1.52×
• Total profit: $16,027
• Equity at exit: $16,401

10-year hold

• IRR: 21.9%
• Equity multiple: 2.86×
• Total profit: $57,428
• Equity at exit: $9,511

Cash invested: $30,800 (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 71203

• Home prices YoY: -32.4%
• Active inventory: 440
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,501 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$31 /mo · $373/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $532

Break-even live

Break-even rent $828

Max offer price $110,000

Occupancy floor 60%

Sensitivity live

Price	-10% $594	-5% $563	+0% $532	+5% $501	+10% $470
Rent	-10% $414	-5% $473	+0% $532	+5% $591	+10% $651
Rate	-1.0pp $588	-0.5pp $560	base $532	+0.5pp $504	+1.0pp $475

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-17
   status $110,000 Pending 81 DOM
2. 2026-06-16
   days on market $110,000 Active 81 DOM
3. 2026-06-15
   days on market $110,000 Active 80 DOM
4. 2026-06-14
   days on market $110,000 Active 78 DOM
5. 2026-06-13
   days on market $110,000 Active 77 DOM
6. 2026-06-10
   days on market $110,000 Active 75 DOM
7. 2026-06-09
   days on market $110,000 Active 74 DOM
8. 2026-06-08
   days on market $110,000 Active 73 DOM
9. 2026-06-07
   days on market $110,000 Active 72 DOM
10. 2026-06-03
    days on market $110,000 Active 68 DOM
11. 2026-06-02
    days on market $110,000 Active 67 DOM
12. 2026-06-01
    days on market $110,000 Active 66 DOM
13. 2026-05-31
    days on market $110,000 Active 65 DOM
14. 2026-05-30
    days on market $110,000 Active 64 DOM
15. 2026-03-27
    listed $110,000 Active 732-char remark

    Show marketing remark (732 chars)

    Welcome to this charming and affordable home located in the desirable Presidential Estates! Priced at just $110,000, this 3-bedroom, 1.5-bath property offers comfort, functionality, and great value. The three bedrooms provide flexibility for family, guests, or even a home office, while the 1.5 baths add convenience for busy households. Step outside to enjoy a fully fenced yard—ideal for pets, kids, or outdoor entertaining. The attached carport offers covered parking and additional storage space. Whether you’re a first-time homebuyer, downsizing, or looking for an investment opportunity, this home checks all the boxes. Don’t miss your chance to own in Presidential Estates—schedule your showing today!

16. 2026-01-13
    status Active
17. 2026-01-05
    status Pending
18. 2025-08-27
    price $110,000
19. 2024-11-22
    price $115,000
20. 2024-10-23
    listed $120,000 Active
21. 2020-06-22
    listed $97,000

ⓘ 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: $373 · $31/mo
• Projected year-2 tax: $605 · $50/mo
• Expected delta: +$232/yr (+$19/mo · 62.4%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $18,014
• − Mortgage interest: −$6,162
• − Property taxes: −$373
• − Insurance: −$550
• − Repairs & maintenance: −$1,441
• − Management: −$1,441
• − Depreciation: −$3,200
• Taxable income: $4,847
• Est. tax owed @ 24.0%: −$1,163
• After-tax cash flow: $5,223/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: Ouachita Parish
• NCES district ID: 2201200
• Math proficiency: 31% ▼ -38.00%
• Reading proficiency: 45% ▼ -31.00%
• Median HH income: $43,316
• Composite: 32.14/100
• National rank: #5791
• State rank: #26 of 98 in LA

Livability — Monroe

• Score: 66/100
• State rank: #128
• US rank: #11948

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ouachita Parish · 118,340 people
• City population: 60,136
• Metro: Monroe, LA
• Population (ZIP): 38,354
• Household income: $52,326
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 2085.0

Population outlook (Ouachita County) Hauer SSP2

• Today (2025): 163,370 people
• By 2030: 165,520 · +1.3%
• By 2040: 167,652 · +2.6%
• By 2050: 166,699 · +2.0%
• By 2075: 156,348 · -4.3%
• By 2100: 134,102 · -17.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 48% White 45% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 3% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Ouachita

• 2024 margin: Strong R (+27.9) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -2.7pp toward R · 2008: -25.2pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+23.6 2016: R+25.4 2012: R+20.9 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.01%
• Current HPI: 206.1948
• Rent YoY: —
• Metro: Monroe, LA
• 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

+13.4% since first listed

7 events — show timeline

• 2026-03-27 Listed $110,000 NELABOR
• 2026-01-13 Relisted — NELABOR
• 2026-01-05 Pending — NELABOR
• 2025-08-27 Price Changed $110,000 NELABOR
• 2024-11-22 Price Changed $115,000 NELABOR
• 2024-10-23 Listed $120,000 NELABOR
• 2020-06-22 Listed $97,000 NELABOR

Property tax history

+0.7%/yr

Latest (2025): $373 · +1.0% YoY. Source: county tax records.