7041 Penny St · Shreveport, LA 71108

$59,900

3 bd · 1.0 ba · 1,126 sqft · SingleFamily public records · 69 Days on market

Built 1994 4,269 sqft lot $53/sqft · 18% below area Est $73k · 18% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.1/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Opportunity – Portfolio Available! Turnkey investment property with tenant in place generating $850month in rental income. This property is part of a 3-property investment portfolio, all available for purchase individually or as a package. Portfolio includes: 323 Kelly St (MLS #21223458) 3201 Boss Ave (MLS #21223475) 7041 Penny St (MLS #21223523) All properties are currently occupied, offering immediate cash flow with no vacancy downtime. Excellent opportunity for investors looking to expand an existing portfolio or acquire multiple income-producing properties at once. Seller is open to selling individually or as a package. Package pricing and details available upon request.

Key facts

• 4,269 sq ft lot
• Built 1994
• Listed 69 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $56k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 5.7% in Shreveport — 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 (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 138 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($32k/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 $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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: major wind risk, 72% 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 $56,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.69% ✓
• Cap rate: 14.07%
• Cash-on-cash: 27.79%
• DSCR: 2.24
• GRM: 4.9

CMA / ARV

• ARV (median comp): $72,848
• List price: $59,900
• Delta: -17.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7141 Janey St	0.24mi	3/1.0	1,050 (-7%)	11mo	$70,000	$67	69
7119 Elsie St	0.13mi	2/2.0 (-1)	1,188 (+6%)	16mo	$32,000	$27	62
3430 Woodhaven Ln	0.28mi	4/2.0 (+1)	1,136 (+1%)	18mo	$169,900	$150	62
6820 Despot Rd	0.27mi	3/1.0	1,222 (+8%)	18mo	$49,900	$41	58
3206 Red Bud Ln	0.35mi	3/1.5	1,245 (+11%)	11mo	$55,000	$44	55
3012 Ivy Ln	0.42mi	3/1.0	983 (-13%)	6mo	$125,000	$127	54
7212 W Canal Blvd	0.42mi	3/1.0	1,274 (+13%)	17mo	$85,000	$67	44
3811 Liaison Dr	0.60mi	3/2.0	1,248 (+11%)	10mo	$59,900	$48	42
6309 Quilen Blvd	0.69mi	2/1.0 (-1)	1,238 (+10%)	6mo	$65,900	$53	42
6525 W Canal Blvd	0.60mi	3/1.0	1,281 (+14%)	10mo	$54,900	$43	41
6324 Quilen Blvd	0.67mi	3/1.0	1,228 (+9%)	17mo	$45,000	$37	40
2729 Marquette St	0.68mi	2/1.0 (-1)	1,000 (-11%)	9mo	$58,000	$58	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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 1.86×
• Total profit: $14,409
• Equity at exit: $8,931

10-year hold

• IRR: 28.9%
• Equity multiple: 3.50×
• Total profit: $41,875
• Equity at exit: $5,179

Cash invested: $16,772 (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 71108

• Rents YoY: 2.4%
• Active inventory: 138
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,014 high
• Mortgage (P&I): −$314
• Tax from tax record: −$74 /mo · $884/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $388

Break-even live

Break-even rent $522

Max offer price $59,900

Occupancy floor 57%

Sensitivity live

Price	-10% $422	-5% $405	+0% $388	+5% $371	+10% $355
Rent	-10% $308	-5% $348	+0% $388	+5% $428	+10% $469
Rate	-1.0pp $419	-0.5pp $404	base $388	+0.5pp $373	+1.0pp $357

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3437 Red Bud Ln Shreveport, LA	3.0	1.5	1393	$1,200	$0.86	22d	1	0.22mi
3306 Valley View Dr Shreveport, LA	3.0	1.0	1300	$1,150	$0.88	22d	1	0.28mi
3051 Amherst St Shreveport, LA	3.0	1.0	994	$595	$0.60	44d	1	0.45mi
7504 W Canal Blvd Shreveport, LA	3.0	1.0	1388	$1,150	$0.83	44d	1	0.47mi
2762 Marquette St Shreveport, LA	3.0	1.0	1054	$1,000	$0.95	22d	1	0.62mi
2721 Sunnybrook St Shreveport, LA	3.0	1.0	913	$1,000	$1.10	44d	1	0.78mi
2943 Hillcrest Ave Shreveport, LA	4.0	2.0	960	$1,000	$1.04	22d	1	0.80mi
7137 Burlingame Blvd Shreveport, LA	3.0	1.5	1100	$700	$0.64	44d	1	1.14mi
7224 Union Ave Shreveport, LA	2.0	1.0	735	$625	$0.85	14d	1	1.18mi
749 W 68th St Shreveport, LA	3.0	1.0	1232	$800	$0.65	44d	1	1.23mi
7913 Woodfield Dr Shreveport, LA	3.0	1.0	1067	$1,000	$0.94	44d	1	1.32mi
702 Bringhurst Dr Shreveport, LA	3.0	1.5	1206	$1,100	$0.91	44d	1	1.35mi
622 W 75th St Shreveport, LA	2.0	1.0	833	$800	$0.96	22d	1	1.39mi
3530 Pleasant Dr Shreveport, LA	2.0	1.0	750	$725	$0.97	22d	1	1.40mi
629 Woodmont Pl Shreveport, LA	3.0	1.0	1431	$1,295	$0.90	45d	1	1.43mi

Listing history 25 events

1. 2026-06-18
   days on market $59,900 Active 69 DOM
2. 2026-06-17
   days on market $59,900 Active 68 DOM
3. 2026-06-16
   days on market $59,900 Active 67 DOM
4. 2026-06-15
   days on market $59,900 Active 66 DOM
5. 2026-06-14
   days on market $59,900 Active 64 DOM
6. 2026-06-13
   days on market $59,900 Active 63 DOM
7. 2026-06-10
   days on market $59,900 Active 61 DOM
8. 2026-06-09
   days on market $59,900 Active 60 DOM
9. 2026-06-08
   days on market $59,900 Active 59 DOM
10. 2026-06-07
    days on market $59,900 Active 58 DOM
11. 2026-06-05
    days on market $59,900 Active 55 DOM
12. 2026-06-03
    days on market $59,900 Active 54 DOM
13. 2026-06-02
    days on market $59,900 Active 53 DOM
14. 2026-06-01
    days on market $59,900 Active 52 DOM
15. 2026-05-31
    days on market $59,900 Active 51 DOM
16. 2026-05-30
    days on market $59,900 Active 50 DOM
17. 2026-04-17
    status Active 713-char remark

    Show marketing remark (713 chars)

    Investor Opportunity – Portfolio Available! Turnkey investment property with tenant in place generating $850month in rental income. This property is part of a 3-property investment portfolio, all available for purchase individually or as a package. Portfolio includes: 323 Kelly St (MLS #21223458) 3201 Boss Ave (MLS #21223475) 7041 Penny St (MLS #21223523) All properties are currently occupied, offering immediate cash flow with no vacancy downtime. Excellent opportunity for investors looking to expand an existing portfolio or acquire multiple income-producing properties at once. Seller is open to selling individually or as a package. Package pricing and details available upon request.

18. 2026-04-06
    status Pending 713-char remark

    Show marketing remark (713 chars)

    Investor Opportunity – Portfolio Available! Turnkey investment property with tenant in place generating $850month in rental income. This property is part of a 3-property investment portfolio, all available for purchase individually or as a package. Portfolio includes: 323 Kelly St (MLS #21223458) 3201 Boss Ave (MLS #21223475) 7041 Penny St (MLS #21223523) All properties are currently occupied, offering immediate cash flow with no vacancy downtime. Excellent opportunity for investors looking to expand an existing portfolio or acquire multiple income-producing properties at once. Seller is open to selling individually or as a package. Package pricing and details available upon request.

19. 2026-03-30
    listed $59,900 Active 713-char remark

    Show marketing remark (713 chars)

    Investor Opportunity – Portfolio Available! Turnkey investment property with tenant in place generating $850month in rental income. This property is part of a 3-property investment portfolio, all available for purchase individually or as a package. Portfolio includes: 323 Kelly St (MLS #21223458) 3201 Boss Ave (MLS #21223475) 7041 Penny St (MLS #21223523) All properties are currently occupied, offering immediate cash flow with no vacancy downtime. Excellent opportunity for investors looking to expand an existing portfolio or acquire multiple income-producing properties at once. Seller is open to selling individually or as a package. Package pricing and details available upon request.

20. 2024-09-11
    historical $800
21. 2024-08-30
    listed $800
22. 2007-06-22
    soldstatus
23. 2006-02-07
    soldstatus
24. 2005-09-29
    soldstatus
25. 1995-10-23
    soldstatus

ⓘ 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: $884 · $74/mo
• Projected year-2 tax: $884 · $74/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,169
• − Mortgage interest: −$3,355
• − Property taxes: −$884
• − Insurance: −$300
• − Repairs & maintenance: −$974
• − Management: −$974
• − Depreciation: −$1,743
• Taxable income: $3,941
• Est. tax owed @ 24.0%: −$946
• After-tax cash flow: $3,715/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: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 18,072
• Household income: $32,055
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 1526.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% White 11% Hispanic / Latino 4% Two or more races 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.98%
• Current HPI: 58.1377
• Rent YoY: ▲ 2.37%
• Metro: Shreveport-Bossier City, 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

9 events — show timeline

• 2026-04-17 Relisted — NTREIS
• 2026-04-06 Pending — NTREIS
• 2026-03-30 Listed $59,900 NTREIS
• 2024-09-11 Rental Removed $800 APPFOLIO
• 2024-08-30 Listed for Rent $800 APPFOLIO
• 2007-06-22 Sold (Public Records) — Public Records
• 2006-02-07 Sold (Public Records) — Public Records
• 2005-09-29 Sold (Public Records) — Public Records
• 1995-10-23 Sold (Public Records) — Public Records

Property tax history

+6.9%/yr

Latest (2025): $884 · +0.4% YoY. Source: county tax records.