50457 Frank Dillon Rd · Franklinton, LA 70438

$195,000

3 bd · 1.5 ba · 1,364 sqft · SingleFamily · 437 Days on market

Built 1980 1.96 ac lot

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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 +15.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

Key facts

• Bonus room
• Nearly 2 acres
• Air conditioner

Tags

• PINE-THOMAS SCHOOL DISTRICT
• NEARLY 2 ACRES
• BONUS ROOM
• BRAND-NEW PLUMBING SYSTEM
• AIR CONDITIONER

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $11 ($131/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 $159k (18.4% below list).
• Recommended offer: $159k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.3% in Franklinton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#67 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: amenities F, commute F, employment F.
• Washington Parish (rural): math 27% / reading 41% proficiency, ranked #38 of 98 in LA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 246 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 437 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; list at $195k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,042 (18.4% below list)

Questions for the listing agent

1. It's been on market 437 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
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: 0.82% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.70%
• DSCR: 1.08
• GRM: 10.2

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-30,939
• Equity at exit: $29,075

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-26,200
• Equity at exit: $16,860

Cash invested: $54,600 (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 70438

• Home prices YoY: -14.2%
• Active inventory: 246
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,590 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$75 /mo · $902/yr
• Insurance: −$81
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $11

Break-even live

Break-even rent $1,577

Max offer price $195,000

Occupancy floor 94%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $195,000 Active 437 DOM
2. 2026-06-17
   days on market $195,000 Active 436 DOM
3. 2026-06-16
   days on market $195,000 Active 435 DOM
4. 2026-06-15
   days on market $195,000 Active 434 DOM
5. 2026-06-13
   days on market $195,000 Active 432 DOM
6. 2026-06-10
   days on market $195,000 Active 429 DOM
7. 2026-06-09
   days on market $195,000 Active 428 DOM
8. 2026-06-08
   days on market $195,000 Active 427 DOM
9. 2026-06-07
   days on market $195,000 Active 426 DOM
10. 2026-06-03
    days on market $195,000 Active 422 DOM
11. 2026-06-02
    days on market $195,000 Active 421 DOM
12. 2026-06-01
    days on market $195,000 Active 420 DOM
13. 2026-05-31
    days on market $195,000 Active 419 DOM
14. 2026-02-12
    price $195,000 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

15. 2026-02-12
    price $195,000 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

16. 2025-06-19
    price $200,000 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

17. 2025-06-19
    price $200,000 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

18. 2025-04-07
    listed $215,000 Active 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

19. 2025-04-07
    listed $215,000 Active 681-char remark

    Show marketing remark (681 chars)

    This adorable 3-bedroom, 1-1/2bathroom home is nestled in the sought-after Pine-Thomas School District, offering a perfect blend of comfort and convenience. Situated on nearly 2 acres of land, the property provides ample space for outdoor activities and potential future projects. Inside, the home features a cozy living space with a versatile bonus room, ideal for a home office, playroom, or extra storage. Recent updates include a brand-new plumbing system and air conditioner, ensuring peace of mind for years to come. With a fantastic location and modern upgrades, this home is an excellent choice for families looking for a move-in-ready property with plenty of room to grow.

20. 2018-01-05
    soldstatus $125,000
21. 2018-01-04
    soldstatus $125,000 Sold
22. 2017-10-30
    historical Pending Continue to Show
23. 2017-10-26
    listed $125,000 Active
24. 2017-10-25
    listed $125,000

ⓘ 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: $902 · $75/mo
• Projected year-2 tax: $1,072 · $89/mo
• Expected delta: +$171/yr (+$14/mo · 18.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 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: $19,085
• − Mortgage interest: −$10,923
• − Property taxes: −$902
• − Insurance: −$1,772
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$5,673
• Taxable loss: −$3,239
• Est. tax savings @ 24.0%: +$777
• After-tax cash flow: $909/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: Washington Parish
• NCES district ID: 2201860
• Math proficiency: 27% ▼ -34.00%
• Reading proficiency: 41% ▼ -29.00%
• Median HH income: $34,972
• Composite: 28.03/100
• National rank: #6844
• State rank: #38 of 98 in LA

Livability — Franklinton

• Score: 69/100
• State rank: #67
• US rank: #8352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 19,935

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: Predominantly White (73%)
• Race & ethnicity: White 73% Black 22% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 9% Slovak 2% German 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 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: ▼ -31.73%
• Current HPI: 191.4762
• 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

+56.0% since first listed

11 events — show timeline

• 2026-02-12 Price Changed $195,000 AcadianaMLS
• 2026-02-12 Price Changed $195,000 GSREIN
• 2025-06-19 Price Changed $200,000 AcadianaMLS
• 2025-06-19 Price Changed $200,000 GSREIN
• 2025-04-07 Listed $215,000 GSREIN
• 2025-04-07 Listed $215,000 AcadianaMLS
• 2018-01-05 Sold (Public Records) $125,000 Public Records
• 2018-01-04 Sold (MLS) $125,000 GSREIN
• 2017-10-30 Contingent — GSREIN
• 2017-10-26 Listed $125,000 GSREIN
• 2017-10-25 Listed $125,000 AcadianaMLS

Property tax history

-0.6%/yr

Latest (2025): $902 · +0.1% YoY. Source: county tax records.