614 S Martin Luther King Junior Dr · St. Martinville, LA 70582

$99,900

3 bd · 2.0 ba · 712 sqft · Other · 23 Days on market

Built 1960 Poor condition

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Why this score? — see what drove the D- 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 +14.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Schools +2.3/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

This home is move-in ready! Very clean with an open floor plan, oak cabinets in the kitchen, good size bedrooms, walk-in closet. Don& apos; t let this one pass! Home was completely renovated in 2009. New metal roof in 2021.

Key facts

• Open floor plan
• New metal roof
• Oak cabinets

Tags

• OPEN FLOOR PLAN
• OAK CABINETS
• WALK-IN CLOSET
• COMPLETELY RENOVATED
• NEW METAL ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $100k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $24 ($292/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $90k (9.4% below list).
• Recommended offer: $90k (9.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• St. Martin Parish (rural): math 23% / reading 32% proficiency, ranked #49 of 98 in LA (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 125 active listings in the ZIP; 54 units permitted in St. Martin Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Martin County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.

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 $90,470 (9.4% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.91% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.04%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-14,625
• Equity at exit: $14,895

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-10,685
• Equity at exit: $8,638

Cash invested: $27,972 (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 70582

• Home prices YoY: -23.8%
• Active inventory: 125
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $905 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$190
• Net cashflow: $24

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 92%

Sensitivity live

Price	-10% $93	-5% $59	+0% $24	+5% $-10	+10% $-45
Rent	-10% $-47	-5% $-11	+0% $24	+5% $60	+10% $96
Rate	-1.0pp $75	-0.5pp $50	base $24	+0.5pp $-2	+1.0pp $-28

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $99,900 Active 23 DOM
2. 2026-06-17
   days on market $99,900 Active 22 DOM
3. 2026-06-16
   days on market $99,900 Active 21 DOM
4. 2026-06-15
   days on market $99,900 Active 20 DOM
5. 2026-06-14
   days on market $99,900 Active 18 DOM
6. 2026-06-13
   days on market $99,900 Active 17 DOM
7. 2026-06-10
   days on market $99,900 Active 15 DOM
8. 2026-06-09
   days on market $99,900 Active 14 DOM
9. 2026-06-08
   days on market $99,900 Active 13 DOM
10. 2026-06-07
    days on market $99,900 Active 12 DOM
11. 2026-06-05
    days on market $99,900 Active 9 DOM
12. 2026-06-02
    days on market $99,900 Active 7 DOM
13. 2026-06-01
    days on market $99,900 Active 6 DOM
14. 2026-05-31
    days on market $99,900 Active 5 DOM
15. 2026-05-30
    days on market $99,900 Active 4 DOM
16. 2026-05-26
    listed $99,900 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,856
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$869
• − Management: −$869
• − Depreciation: −$2,906
• Taxable loss: −$1,381
• Est. tax savings @ 24.0%: +$331
• After-tax cash flow: $623/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 · 2 photos

Poor 20/100 Extensive rehab

This home requires extensive repairs and updates to improve its condition and value. Significant work is needed on the roof, exterior siding, flooring, interior walls, and bathroom. Upgrading the systems and improving the curb appeal would significantly increase its value.

Repairs flagged

• Major roof — The satellite image shows signs of damage.
• Major exterior siding — The exterior walls and siding show significant wear and tear.
• Major flooring — The flooring in the interior photos appears to be old and possibly damaged.
• Major interior walls/paint — The interior walls and paint show signs of wear and tear.
• Major bathroom fixtures — The bathroom in the interior photos appears to be old and possibly damaged.
• Major systems — The overall condition suggests outdated or damaged systems need repair.

Value-add opportunities

• Resale new roof — A new roof would significantly improve the home's appearance and value.
• Resale exterior siding repair — Repairing the exterior siding would improve the home's curb appeal and value.
• Resale new flooring — New flooring would improve the home's appearance and value.
• Resale paint interior walls — Painting the interior walls would improve the home's appearance and value.
• Resale bathroom renovation — Renovating the bathroom would improve the home's appearance and value.
• Resale system upgrades — Upgrading the systems would improve the home's functionality and value.
• Both landscaping — Landscaping would improve the home's curb appeal and rental value.
• Both curb appeal improvements — Improving the curb appeal would attract more buyers and renters, increasing both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The satellite image shows signs of damage.	Major	$15,000–50,000
exterior siding · The exterior walls and siding show significant wear and tear.	Major	$15,000–50,000
flooring · The flooring in the interior photos appears to be old and possibly damaged.	Major	$15,000–50,000
interior walls/paint · The interior walls and paint show signs of wear and tear.	Major	$15,000–50,000
bathroom fixtures · The bathroom in the interior photos appears to be old and possibly damaged.	Major	$15,000–50,000
systems · The overall condition suggests outdated or damaged systems need repair.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Resale new roof — A new roof would significantly improve the home's appearance and value. ↑
• Resale exterior siding repair — Repairing the exterior siding would improve the home's curb appeal and value. ↑
• Resale new flooring — New flooring would improve the home's appearance and value. ↑
• Resale paint interior walls — Painting the interior walls would improve the home's appearance and value. ↑
• Resale bathroom renovation — Renovating the bathroom would improve the home's appearance and value. ↑
• Resale system upgrades — Upgrading the systems would improve the home's functionality and value. ↑
• Both landscaping — Landscaping would improve the home's curb appeal and rental value. ↑
• Both curb appeal improvements — Improving the curb appeal would attract more buyers and renters, increasing both resale and rental value. ↑

ⓘ 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. Martin Parish
• NCES district ID: 2201590
• Math proficiency: 23% ▼ -44.00%
• Reading proficiency: 32% ▼ -36.00%
• Median HH income: $42,813
• Composite: 23.41/100
• National rank: #7897
• State rank: #49 of 98 in LA

Livability — St. Martinville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Martinville, LA
• Population (ZIP): 19,159

Population outlook (St. Martin County) Hauer SSP2

• Today (2025): 57,446 people
• By 2030: 58,857 · +2.5%
• By 2040: 60,859 · +5.9%
• By 2050: 61,419 · +6.9%
• By 2075: 61,574 · +7.2%
• By 2100: 57,253 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 30% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 15%
• Foreign-born: 1%
• Languages at home: 92% English-only · French/Haitian/Cajun 7% Spanish 1%

Political lean MEDSL · St. Martin

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.0%
• 2008→2024 swing: -20.0pp toward R · 2008: -20.7pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+36.1 2016: R+33.4 2012: R+24.5 2008: R+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.36%
• Current HPI: 155.151
• 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

1 event — show timeline

• 2026-05-26 Listed $99,900 FSBO.com