209 Concord Dr · Laplace, LA 70068

$155,000

3 bd · 1.5 ba · 984 sqft · SingleFamily · 23 Days on market

Built 1968 6,006 sqft lot Est $144k · 8% over ↓ 3% since listing

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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 +25.5/30.0
• DSCR +8.5/10.0
• 1% rule +5.8/10.0
• ARV discount +3.9/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WATERPROOF LAMINATE VINYL FLOORING, LARGE BACKYARD

Key facts

• Large backyard
• 6,006 sq ft lot
• Garage

Tags

• LARGE BACKYARD

Property features AI

Exterior

• Parking: Attached garage with one space
• Utilities: Public water; Public sewer
• Home design: Single-story home; Shingle roof
• Construction: Brick and vinyl siding exterior; Built on slab foundation
• Exterior features: City lot with rectangular shape; Lot dimensions approximately 60 x 100 feet

Interior

• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Five total rooms; Property reported in very good condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.8% in Laplace — 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 70/100 on livability (#61 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• St. John The Baptist Parish (suburban): math 13% / reading 25% proficiency, ranked #68 of 98 in LA (top 69%) — 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.
• Market conditions: 180 active listings in the ZIP; 61 units permitted in St. John the Baptist 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 $5k of value loss. Plan a longer hold.
• St. John the Baptist County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,675 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.02%
• DSCR: 1.45
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $143,664
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 Linwood Dr	0.23mi	3/2.0	1,107 (+12%)	1mo	$175,000	$158	66
348 Elmwood Dr	0.19mi	4/1.5 (+1)	1,085 (+10%)	4mo	$110,000	$101	66
769 Madewood Dr	0.18mi	2/1.0 (-1)	907 (-8%)	21mo	$90,000	$99	54
302 Magnolia Ave	0.62mi	3/1.0	1,077 (+10%)	5mo	$166,000	$154	49
109 Harry St	0.60mi	3/1.0	1,126 (+14%)	12mo	$142,000	$126	36
332 Magnolia Ave	0.72mi	3/1.0	1,041 (+6%)	22mo	$152,500	$146	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-2,075
• Equity at exit: $23,111

10-year hold

• IRR: 8.4%
• Equity multiple: 1.64×
• Total profit: $27,751
• Equity at exit: $13,402

Cash invested: $43,400 (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 70068

• Home prices YoY: -20.1%
• Active inventory: 180
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,680 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$87 /mo · $1,046/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $362

Break-even live

Break-even rent $1,221

Max offer price $155,000

Occupancy floor 73%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-13
   statusdays on market $155,000 Pending 23 DOM
2. 2026-06-10
   days on market $155,000 Active 21 DOM
3. 2026-06-09
   days on market $155,000 Active 20 DOM
4. 2026-06-08
   days on market $155,000 Active 19 DOM
5. 2026-06-07
   days on market $155,000 Active 18 DOM
6. 2026-06-02
   days on market $155,000 Active 13 DOM
7. 2026-06-01
   days on market $155,000 Active 12 DOM
8. 2026-05-31
   days on market $155,000 Active 11 DOM
9. 2026-05-30
   days on market $155,000 Active 10 DOM
10. 2026-05-20
    listed $155,000 Active

    Show marketing remark (50 chars)

    WATERPROOF LAMINATE VINYL FLOORING, LARGE BACKYARD

11. 2026-05-20
    listed $155,000 Active 50-char remark

    Show marketing remark (50 chars)

    WATERPROOF LAMINATE VINYL FLOORING, LARGE BACKYARD

12. 2022-05-02
    soldstatus $159,900 Closed 508-char remark

    Show marketing remark (508 chars)

    Newly renovated starter house in the Carrollwood subdivision could be your home! Conveniently located & in close proximity to area schools, shopping, restaurants and the Interstate. Features new roof, waterproof laminate vinyl flooring, X flood zone, large backyard & Soft paint color to go with all decors. Mirrors in the bathrooms and a few little punch list items are getting completed. Home warranty will be included for the new buyer. Call for an appointment. This one won’t last long.

13. 2022-03-24
    status Pending 508-char remark

    Show marketing remark (508 chars)

    Newly renovated starter house in the Carrollwood subdivision could be your home! Conveniently located & in close proximity to area schools, shopping, restaurants and the Interstate. Features new roof, waterproof laminate vinyl flooring, X flood zone, large backyard & Soft paint color to go with all decors. Mirrors in the bathrooms and a few little punch list items are getting completed. Home warranty will be included for the new buyer. Call for an appointment. This one won’t last long.

14. 2022-03-21
    listed $159,900 Active 508-char remark

    Show marketing remark (508 chars)

    Newly renovated starter house in the Carrollwood subdivision could be your home! Conveniently located & in close proximity to area schools, shopping, restaurants and the Interstate. Features new roof, waterproof laminate vinyl flooring, X flood zone, large backyard & Soft paint color to go with all decors. Mirrors in the bathrooms and a few little punch list items are getting completed. Home warranty will be included for the new buyer. Call for an appointment. This one won’t last long.

15. 2022-03-21
    listed $159,900

    Show marketing remark (508 chars)

    Newly renovated starter house in the Carrollwood subdivision could be your home! Conveniently located & in close proximity to area schools, shopping, restaurants and the Interstate. Features new roof, waterproof laminate vinyl flooring, X flood zone, large backyard & Soft paint color to go with all decors. Mirrors in the bathrooms and a few little punch list items are getting completed. Home warranty will be included for the new buyer. Call for an appointment. This one won’t last long.

ⓘ 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: $1,046 · $87/mo
• Projected year-2 tax: $1,046 · $87/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 3/10 Moderate FEMA zone X (shaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,157
• − Mortgage interest: −$8,682
• − Property taxes: −$1,046
• − Insurance: −$775
• − Repairs & maintenance: −$1,613
• − Management: −$1,613
• − Depreciation: −$4,509
• Taxable income: $1,919
• Est. tax owed @ 24.0%: −$461
• After-tax cash flow: $3,888/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: St. John The Baptist Parish
• NCES district ID: 2201530
• Math proficiency: 13% ▼ -42.00%
• Reading proficiency: 25% ▼ -39.00%
• Median HH income: $50,280
• Composite: 17.07/100
• National rank: #9120
• State rank: #68 of 98 in LA

Livability — Laplace

• Score: 70/100
• State rank: #61
• US rank: #7898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laplace, LA
• County: Saint John the Baptist Parish · 32,720 people
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 32,720
• Household income: $68,459
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 750.0

Population outlook (St. John the Baptist County) Hauer SSP2

• Today (2025): 40,972 people
• By 2030: 39,295 · -4.1%
• By 2040: 35,902 · -12.4%
• By 2050: 32,988 · -19.5%
• By 2075: 28,661 · -30.0%
• By 2100: 26,456 · -35.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 51% White 34% Hispanic / Latino 9% Two or more races 5% Asian 1%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 11%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 6% Tagalog/Filipino 1%

Political lean MEDSL · St. John the Baptist

• 2024 margin: Strong D (+29.1) · D 64.0% · R 34.8% · Other 1.2%
• 2008→2024 swing: +12.9pp toward D · 2008: 16.2pp · 2024: 29.1pp
• All cycles: 2024: D+29.1 2020: D+28.2 2016: D+24.5 2012: D+26.3 2008: D+16.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.04%
• Current HPI: 239.1429
• Rent YoY: —
• Metro: New Orleans-Metairie, 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

-3.1% since first listed

6 events — show timeline

• 2026-05-20 Listed $155,000 AcadianaMLS
• 2026-05-20 Listed $155,000 GSREIN
• 2022-05-02 Sold (MLS) $159,900 GSREIN
• 2022-03-24 Pending — GSREIN
• 2022-03-21 Listed $159,900 AcadianaMLS
• 2022-03-21 Listed $159,900 GSREIN

Property tax history

+1.6%/yr

Latest (2025): $1,046 · +0.1% YoY. Source: county tax records.