2022 Filhiol Ave · Monroe, LA 71203

$274,000

4 bd · 3.0 ba · 3,242 sqft · MultiFamily public records · 88 Days on market

Built 1950

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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 +26.9/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard, this concrete-on-slab property features 5 bedrooms, 3 bathrooms, two living rooms, and two large kitchens, one on each side of the home. The layout offers flexibility for investors, with the potential to convert the property back into a traditional duplex in the future. Additional features include two central air and heat systems, updated sewer lines, and plumbing improvements throughout the property. Located in a desirable area close to local amenities, this property offers strong current cash flow with future value-add potential. Seller will have tree limbs in the yard cleaned up prior to closing. Owner/Agent

Key facts

• Spacious backyard
• Two large kitchens
• Updated sewer lines

Tags

• WATERFRONT LOT
• SPACIOUS BACKYARD
• TWO LIVING ROOMS
• TWO LARGE KITCHENS
• UPDATED SEWER LINES
• PLUMBING IMPROVEMENTS

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath multifamily listed at $274k.

Deal economics

• At list price, monthly cash flow is $762 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $274k).
• Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 5.8% 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.
• City Of Monroe School District (urban): math 21% / reading 31% proficiency, ranked #60 of 98 in LA (top 61%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: J.S. Clark Magnet Elementary School (math 41% / reading 52%, grade D-, #159 of 646 statewide, top 25%, 462 students, 66% FRL); Neville Junior High School (math 29% / reading 53%, grade F, #61 of 218 statewide, top 28%, 480 students, 58% FRL); Neville High School (math 35% / reading 52%, grade F, #64 of 265 statewide, top 24%, 1,121 students, 49% FRL) — zoned schools average 58% FRL vs 82% district-wide (24 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 44% at this address vs 26% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the City Of Monroe School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 440 active listings in the ZIP; 345 units permitted in Ouachita Parish in 2024 (0 in 5+ unit buildings).
• At $3,105/mo this rent would consume 71% of the median local household income ($52k/yr) (locally 2085% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $77k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 74% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $257,559 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 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 1950 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.92%
• DSCR: 1.53
• GRM: 7.4

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: 1.4%
• Equity multiple: 1.05×
• Total profit: $4,062
• Equity at exit: $40,854

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $65,725
• Equity at exit: $23,691

Cash invested: $76,720 (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: 14.7×

Monthly cashflow live

• Estimated rent: $3,105 medium
• Mortgage (P&I): −$1,437
• Tax from tax record: −$140 /mo · $1,677/yr
• Insurance: −$114
• HOA: −$0
• Vacancy / Maint / Mgmt: −$652
• Net cashflow: $762

Break-even live

Break-even rent $2,140

Max offer price $274,000

Occupancy floor 70%

Sensitivity live

Price	-10% $917	-5% $840	+0% $762	+5% $685	+10% $607
Rent	-10% $517	-5% $639	+0% $762	+5% $885	+10% $1,007
Rate	-1.0pp $900	-0.5pp $832	base $762	+0.5pp $691	+1.0pp $619

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$3,106
Total (2 units)			$3,105

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: $68,500
• Closing costs: $8,220
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $274,000 Active 88 DOM
2. 2026-06-19
   days on market $274,000 Active 86 DOM
3. 2026-06-18
   days on market $274,000 Active 85 DOM
4. 2026-06-17
   days on market $274,000 Active 84 DOM
5. 2026-06-16
   days on market $274,000 Active 83 DOM
6. 2026-06-15
   days on market $274,000 Active 82 DOM
7. 2026-06-14
   days on market $274,000 Active 80 DOM
8. 2026-06-13
   days on market $274,000 Active 79 DOM
9. 2026-06-10
   days on market $274,000 Active 77 DOM
10. 2026-06-09
    days on market $274,000 Active 76 DOM
11. 2026-06-08
    days on market $274,000 Active 75 DOM
12. 2026-06-07
    days on market $274,000 Active 74 DOM
13. 2026-06-05
    days on market $274,000 Active 71 DOM
14. 2026-06-02
    days on market $274,000 Active 69 DOM
15. 2026-06-01
    days on market $274,000 Active 68 DOM
16. 2026-05-31
    days on market $274,000 Active 67 DOM
17. 2026-05-30
    days on market $274,000 Active 66 DOM
18. 2026-05-12
    price $274,000 1017-char remark

    Show marketing remark (1017 chars)

    Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard, this concrete-on-slab property features 5 bedrooms, 3 bathrooms, two living rooms, and two large kitchens, one on each side of the home. The layout offers flexibility for investors, with the potential to convert the property back into a traditional duplex in the future. Additional features include two central air and heat systems, updated sewer lines, and plumbing improvements throughout the property. Located in a desirable area close to local amenities, this property offers strong current cash flow with future value-add potential. Seller will have tree limbs in the yard cleaned up prior to closing. Owner/Agent

19. 2026-03-11
    listed $280,000 Active 1017-char remark

    Show marketing remark (1017 chars)

    Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard, this concrete-on-slab property features 5 bedrooms, 3 bathrooms, two living rooms, and two large kitchens, one on each side of the home. The layout offers flexibility for investors, with the potential to convert the property back into a traditional duplex in the future. Additional features include two central air and heat systems, updated sewer lines, and plumbing improvements throughout the property. Located in a desirable area close to local amenities, this property offers strong current cash flow with future value-add potential. Seller will have tree limbs in the yard cleaned up prior to closing. Owner/Agent

20. 2023-12-11
    soldstatus
21. 2023-09-27
    listed $155,000

ⓘ 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: $1,677 · $140/mo
• Projected year-2 tax: $1,677 · $140/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥112°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% 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: $37,260
• − Mortgage interest: −$15,348
• − Property taxes: −$1,677
• − Insurance: −$1,370
• − Repairs & maintenance: −$2,981
• − Management: −$2,981
• − Depreciation: −$7,971
• Taxable income: $4,932
• Est. tax owed @ 24.0%: −$1,184
• After-tax cash flow: $7,962/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 Monroe School District
• NCES district ID: 2201080
• Math proficiency: 21% ▼ -36.00%
• Reading proficiency: 31% ▼ -34.00%
• Median HH income: $28,751
• Composite: 20.82/100
• National rank: #8505
• State rank: #60 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

• Census place: Monroe, LA
• 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

+76.8% since first listed

4 events — show timeline

• 2026-05-12 Price Changed $274,000 NELABOR
• 2026-03-11 Listed $280,000 NELABOR
• 2023-12-11 Sold (MLS) — NELABOR
• 2023-09-27 Listed $155,000 NELABOR

Property tax history

+2.3%/yr

Latest (2025): $1,677 · -0.1% YoY. Source: county tax records.