1974 Rhodes Ave · Baton Rouge, LA 70802

$55,000

3 bd · 1.0 ba · 1,100 sqft · SingleFamily · 33 Days on market

Built 1975 8,180 sqft lot Est $67k · 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 +4.1/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this 3-bedroom home featuring a desirable split floor plan and eat-in kitchen. Ideal for investors seeking their next rental or flip project, this property offers plenty of potential to renovate, customize, and increase value.

Key facts

• 8,180 sq ft lot
• 4 parking spots
• Built 1975

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 4.3% in Baton Rouge — 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 74/100 on livability (#24 in LA, #4,535 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: amenities D, crime F, employment D-.
• East Baton Rouge Parish (urban): math 22% / reading 34% proficiency, ranked #47 of 98 in LA (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.6%/yr); 188 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).
• This rent runs 41% of the median local income ($34k/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 $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• East Baton Rouge County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 9 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.
• Current owner paid $24k; list at $55k implies a 129% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% 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 $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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?
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: 2.14% ✓
• Cap rate: 18.63%
• Cash-on-cash: 44.05%
• DSCR: 2.96
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $67,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4273 Adams Ave	0.21mi	3/1.0	1,062 (-4%)	2mo	$64,900	$61	83
4714 Fairfields Ave	0.17mi	2/1.0 (-1)	1,100 (0%)	12mo	$39,000	$35	77
4366 Jefferson Ave	0.14mi	3/1.0	1,200 (+9%)	2mo	$49,900	$42	77
3825 Fairfields Ave	0.40mi	3/1.0	1,152 (+5%)	0mo	$125,000	$109	73
4051 N Barrow Dr	0.24mi	3/2.0	1,040 (-6%)	5mo	$175,000	$168	72
1934 N 37th St	0.47mi	3/1.0	1,112 (+1%)	13mo	$149,900	$135	65
2236 Martin Ave	0.20mi	3/2.0	1,200 (+9%)	10mo	$140,000	$117	63
3911 Dalton St	0.64mi	3/1.0	1,033 (-6%)	2mo	$29,000	$28	58
1091 N 46th St	0.56mi	3/1.0	1,055 (-4%)	12mo	$80,000	$76	57
3083 Mission Dr	0.70mi	2/1.0 (-1)	1,104 (+0%)	14mo	$31,200	$28	50
3969 Chippewa St	0.57mi	2/1.0 (-1)	964 (-12%)	11mo	$35,000	$36	39
3691 Dalton St	0.71mi	4/1.0 (+1)	1,225 (+11%)	10mo	$52,500	$43	35

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 · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 45.0%
• Equity multiple: 3.05×
• Total profit: $31,508
• Equity at exit: $8,201

10-year hold

• IRR: 52.4%
• Equity multiple: 7.06×
• Total profit: $93,300
• Equity at exit: $4,755

Cash invested: $15,400 (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 70802

• Rents YoY: 6.6%
• Active inventory: 188
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,177 high
• Mortgage (P&I): −$288
• Tax from tax record: −$53 /mo · $641/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $565

Break-even live

Break-even rent $462

Max offer price $55,000

Occupancy floor 47%

Sensitivity live

Price	-10% $596	-5% $581	+0% $565	+5% $550	+10% $534
Rent	-10% $472	-5% $519	+0% $565	+5% $612	+10% $658
Rate	-1.0pp $593	-0.5pp $579	base $565	+0.5pp $551	+1.0pp $537

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2347 Rhodes Ave Baton Rouge, LA	2.0	1.0	1250	$950	$0.76	20d	1	0.30mi
1217 N 44th St Baton Rouge, LA	3.0	2.0	1028	$950	$0.92	24d	1	0.44mi
5212 Jackson Ave Baton Rouge, LA	4.0	2.0	1500	$1,650	$1.10	24d	1	0.49mi
1201 N Foster Dr Baton Rouge, LA	1.0–3.0	1.0–3.0	1300	$1,688	$1.30	15d	31	0.54mi
1348 N 37th St Baton Rouge, LA	3.0	1.0	1100	$1,200	$1.09	44d	1	0.58mi
3936 Dalton St Baton Rouge, LA	2.0	1.0	900	$750	$0.83	20d	1	0.64mi
1409 N 35th St Baton Rouge, LA	3.0	2.0	912	$750	$0.82	24d	1	0.67mi
787 N 47th St Baton Rouge, LA	3.0	2.0	1000	$800	$0.80	24d	1	0.73mi
3859 Brady St Baton Rouge, LA	2.0	1.0	800	$775	$0.97	44d	1	0.73mi
636 N 39th St Apt 2 Baton Rouge, LA	2.0	1.0	700	$900	$1.29	15d	1	0.89mi
1404 N 29th St Baton Rouge, LA	3.0	2.0	1120	$1,100	$0.98	44d	1	0.91mi
1305 N 30th St Baton Rouge, LA	2.0	1.0	1000	$900	$0.90	24d	1	0.91mi
532 Live Oak Blvd Unit 532 Baton Rouge, LA	3.0	2.0	1000	$1,200	$1.20	24d	1	0.92mi
1336 N 29th St Baton Rouge, LA	3.0	2.0	1400	$1,450	$1.04	15d	1	0.93mi
1251 N Ardenwood Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	923	$999	$1.08	44d	1	0.98mi
3566 North St Baton Rouge, LA	4.0	2.0	1117	$1,050	$0.94	22d	1	1.01mi
4743 Florida Blvd Baton Rouge, LA	2.0	1.0	947	$789	$0.83	15d	3	1.02mi
3577 Mission Dr Baton Rouge, LA	2.0	1.0	755	$950	$1.26	20d	1	1.07mi
3540 N Foster Dr Baton Rouge, LA	2.0	1.0	1000	$1,000	$1.00	24d	1	1.08mi
3647 Mission Dr Baton Rouge, LA	3.0	1.0	900	$895	$0.99	24d	1	1.11mi
3567 Charles St Baton Rouge, LA	3.0	1.0	1400	$1,250	$0.89	44d	1	1.21mi
2654 Sheldon Dr Baton Rouge, LA	3.0	1.0	1400	$1,200	$0.86	24d	1	1.29mi
2121 Lobdell Blvd Unit H54 Baton Rouge, LA	3.0	2.0	950	$1,194	$1.26	15d	1	1.33mi
3160 Wyandotte St Baton Rouge, LA	2.0	1.0	1100	$800	$0.73	44d	1	1.35mi
650 N Ardenwood Dr Baton Rouge, LA	1.0–4.0	1.0–2.0	951	$1,229	$1.29	44d	1	1.36mi
330 Ingleside Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	773	$1,353	$1.75	15d	6	1.37mi
239 West Dr Baton Rouge, LA	2.0	1.0	1428	$1,250	$0.88	24d	1	1.38mi
352 S Foster Dr Baton Rouge, LA	1.0–2.0	1.0–2.0	987	$1,475	$1.49	15d	2	1.39mi
4380 Mohican-Prescott Crossover Baton Rouge, LA	2.0	2.0	910	$1,055	$1.16	44d	1	1.40mi
422 Glenmore Ave Baton Rouge, LA	3.0	2.0	1307	$1,700	$1.30	24d	1	1.43mi
373 Community College Dr Unit 206 Baton Rouge, LA	4.0	2.0	1300	$1,200	$0.92	44d	1	1.44mi
373 Community College Dr Unit 302 Baton Rouge, LA	4.0	2.0	1300	$1,100	$0.85	44d	1	1.44mi
343 S Fairfax Dr Baton Rouge, LA	4.0	2.0	1421	$1,700	$1.20	20d	1	1.48mi
6645 Harry Dr Baton Rouge, LA	2.0–4.0	1.0–2.0	1013	$1,202	$1.19	15d	14	1.48mi
2730 Convention St Baton Rouge, LA	3.0	1.0	1000	$900	$0.90	24d	1	1.49mi

Listing history 30 events

1. 2026-06-18
   days on market $55,000 Active 33 DOM
2. 2026-06-17
   days on market $55,000 Active 32 DOM
3. 2026-06-16
   days on market $55,000 Active 31 DOM
4. 2026-06-15
   days on market $55,000 Active 30 DOM
5. 2026-06-14
   days on market $55,000 Active 28 DOM
6. 2026-06-10
   days on market $55,000 Active 25 DOM
7. 2026-06-09
   days on market $55,000 Active 24 DOM
8. 2026-06-08
   days on market $55,000 Active 23 DOM
9. 2026-06-07
   days on market $55,000 Active 22 DOM
10. 2026-06-05
    days on market $55,000 Active 19 DOM
11. 2026-06-03
    days on market $55,000 Active 18 DOM
12. 2026-06-02
    days on market $55,000 Active 17 DOM
13. 2026-06-01
    days on market $55,000 Active 16 DOM
14. 2026-05-31
    days on market $55,000 Active 15 DOM
15. 2026-05-31
    days on market $55,000 Active 14 DOM
16. 2026-05-15
    listed $55,000 Active 250-char remark

    Show marketing remark (250 chars)

    Opportunity awaits with this 3-bedroom home featuring a desirable split floor plan and eat-in kitchen. Ideal for investors seeking their next rental or flip project, this property offers plenty of potential to renovate, customize, and increase value.

17. 2026-05-15
    listed $55,000 Active 250-char remark

    Show marketing remark (250 chars)

    Opportunity awaits with this 3-bedroom home featuring a desirable split floor plan and eat-in kitchen. Ideal for investors seeking their next rental or flip project, this property offers plenty of potential to renovate, customize, and increase value.

18. 2026-02-11
    listed $60,000 Active
19. 2026-02-11
    listed $60,000 Active
20. 2025-11-04
    status Active
21. 2025-05-31
    price $60,000
22. 2025-05-30
    price $60,000
23. 2025-05-02
    listed $65,000 Active
24. 2025-05-01
    listed $65,000 Active
25. 2024-06-05
    soldstatus Sold
26. 2024-04-29
    historical
27. 2024-04-22
    listed $65,000 Active
28. 2024-04-22
    listed $65,000
29. 2011-06-09
    soldstatus $24,000
30. 1991-10-16
    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: $641 · $53/mo
• Projected year-2 tax: $641 · $53/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 6/10 Major FEMA zone X (shaded) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,128
• − Mortgage interest: −$3,081
• − Property taxes: −$641
• − Insurance: −$275
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$1,600
• Taxable income: $6,271
• Est. tax owed @ 24.0%: −$1,505
• After-tax cash flow: $5,279/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: East Baton Rouge Parish
• NCES district ID: 2200540
• Math proficiency: 22% ▼ -36.00%
• Reading proficiency: 34% ▼ -31.00%
• Median HH income: $46,263
• Composite: 24.14/100
• National rank: #7745
• State rank: #47 of 98 in LA

Livability — Baton Rouge

• Score: 74/100
• State rank: #24
• US rank: #4535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baton Rouge, LA
• County: East Baton Rouge Parish · 399,686 people
• City population: 351,868
• Metro: Baton Rouge, LA
• Population (ZIP): 25,118
• Household income: $34,458
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1831.0

Population outlook (East Baton Rouge County) Hauer SSP2

• Today (2025): 464,810 people
• By 2030: 472,137 · +1.6%
• By 2040: 480,243 · +3.3%
• By 2050: 484,422 · +4.2%
• By 2075: 492,069 · +5.9%
• By 2100: 476,347 · +2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 20% Two or more races 5% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 2% Italian 1% Iranian 0%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 3% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · East Baton Rouge

• 2024 margin: D (+11.1) · D 54.5% · R 43.4% · Other 2.1%
• 2008→2024 swing: +8.9pp toward D · 2008: 2.2pp · 2024: 11.1pp
• All cycles: 2024: D+11.1 2020: D+13.1 2016: D+9.2 2012: D+5.2 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -137.02%
• Current HPI: 47.7285
• Rent YoY: ▲ 6.59%
• Metro: Baton Rouge, 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

+129.2% since first listed

15 events — show timeline

• 2026-05-15 Listed $55,000 GBRMLS
• 2026-05-15 Listed $55,000 AcadianaMLS
• 2026-02-11 Listed $60,000 AcadianaMLS
• 2026-02-11 Listed $60,000 GBRMLS
• 2025-11-04 Relisted — GBRMLS
• 2025-05-31 Price Changed $60,000 AcadianaMLS
• 2025-05-30 Price Changed $60,000 GBRMLS
• 2025-05-02 Listed $65,000 GBRMLS
• 2025-05-01 Listed $65,000 AcadianaMLS
• 2024-06-05 Sold (MLS) — GBRMLS
• 2024-04-29 Delisted — GBRMLS
• 2024-04-22 Listed $65,000 AcadianaMLS
• 2024-04-22 Listed $65,000 GBRMLS
• 2011-06-09 Sold (Public Records) $24,000 Public Records
• 1991-10-16 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2025): $641 · +81.0% YoY. Source: county tax records.