7000 Creswell Rd #217 · Shreveport, LA 71106

$59,900

1 bd · 1.0 ba · 765 sqft · Condo · 45 Days on market

Built 1975 Good condition $78/sqft · 18% below area Est $73k · 18% under $165/mo HOA · 18% of rent

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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 +25.8/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +8.6/10.0
• Rent growth +4.4/5.0
• Condition / age +3.8/5.0
• Livability +3.0/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

Key facts

• $165 HOA
• Pool
• Built 1975

Property features AI

Finance

• Financial info: Treat as clear loan type
• HOA & community: Mandatory association; Monthly association fee of $165; Association fee includes water and sewer; HOA management: Villa Contessa (Marcia)

Exterior

• Parking: 2 covered parking spaces; No carport
• Utilities: Cable available; City water; City sewer
• Home design: Residential condominium; Attached unit; One level; Unit located on 2nd floor of building 6; Complex: Villa Contessa Condos
• Construction: Built in 1975
• Exterior features: Community pool

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Primary bedroom on level 1 (approx. 10 x 10)
• Bathrooms: 1 full bathroom
• Interior features: Walk-in closet(s); One living area; One dining area; 2 total rooms

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $60k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($916 rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 fast (+7.5%/yr); 485 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).
• This rent is only 13% of the median local income ($81k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

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 + 7.5% rent growth), your $17k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 4 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, 69% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.53% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.35%
• DSCR: 1.46
• GRM: 5.4

CMA / ARV

• ARV (median comp): $73,308
• List price: $59,900
• Delta: -18.29%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 5.7%
• Equity multiple: 1.24×
• Total profit: $3,965
• Equity at exit: $8,931

10-year hold

• IRR: 19.7%
• Equity multiple: 3.11×
• Total profit: $35,354
• 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 71106

• Rents YoY: 7.5%
• Active inventory: 485
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $916 medium
• Mortgage (P&I): −$314
• Tax est. 1.5%: −$75 /mo · $898/yr
• Insurance: −$25
• HOA: −$165
• Vacancy / Maint / Mgmt: −$192
• Net cashflow: $145

Break-even live

Break-even rent $733

Max offer price $59,900

Occupancy floor 79%

Sensitivity live

Price	-10% $186	-5% $165	+0% $145	+5% $124	+10% $103
Rent	-10% $72	-5% $108	+0% $145	+5% $181	+10% $217
Rate	-1.0pp $175	-0.5pp $160	base $145	+0.5pp $129	+1.0pp $113

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 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 E Slattery Blvd Shreveport, LA	2.0	1.0	1047	$1,000	$0.96	44d	1	0.93mi
215 Sand Beach Blvd Shreveport, LA	1.0–2.0	1.0–2.0	814	$975	$1.20	14d	6	0.94mi
146 E Slattery Blvd Shreveport, LA	1.0	1.0	567	$750	$1.32	21d	1	1.00mi

HOA detail condo

• Monthly dues: $165 · $1,980/yr
• Likely covers: watersewertrashexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-13
   statusdays on market $59,900 Pending 45 DOM
2. 2026-06-10
   days on market $59,900 Active 43 DOM
3. 2026-06-09
   days on market $59,900 Active 42 DOM
4. 2026-06-08
   days on market $59,900 Active 41 DOM
5. 2026-06-07
   days on market $59,900 Active 40 DOM
6. 2026-06-05
   days on market $59,900 Active 37 DOM
7. 2026-06-03
   days on market $59,900 Active 36 DOM
8. 2026-06-02
   days on market $59,900 Active 35 DOM
9. 2026-06-01
   days on market $59,900 Active 34 DOM
10. 2026-05-31
    days on market $59,900 Active 33 DOM
11. 2026-05-30
    days on market $59,900 Active 32 DOM
12. 2026-04-28
    listed $59,900 Active 463-char remark
13. 2026-04-28
    historical
14. 2025-12-15
    price $59,900
15. 2025-11-03
    listed $64,900 Active
16. 2024-11-08
    soldstatus Closed

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

17. 2024-10-12
    historical

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

18. 2024-10-06
    historical Active Contingent

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

19. 2024-09-21
    price $55,500

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

20. 2024-09-21
    status Active

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

21. 2024-09-10
    historical Active Contingent

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

22. 2024-04-12
    listed $58,500 Active

    Show marketing remark (677 chars)

    Come see this spacious updated condo. It gets good light, has large rooms, new flooring, and fixtures. The bedroom has a HUGE walk in closet AND built in storage. There's a large patio, overlooking the pool where you can enjoy fresh air and coffee or tea in the morning. It's in a desirable location near Youree drive and many shops, restaurants, grocery stores, hospitals and GREAT schools! This is a GREAT SHORT TERM RENTAL and rents between $1100 - $1800 per month and STAYS BOOKED a lot! It could also be a wonderful home for someone. HOA includes water, sewer, trash and exterior maintenance. Priced well to sell! Square footage to be verified by the buyer.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,991
• − Mortgage interest: −$3,355
• − Property taxes: −$898
• − Insurance: −$300
• − Repairs & maintenance: −$879
• − Management: −$879
• − HOA: −$1,980
• − Depreciation: −$1,743
• Taxable income: $957
• Est. tax owed @ 24.0%: −$230
• After-tax cash flow: $1,506/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.

Condition & rehab AI · 6 photos

Good 75/100 Cosmetic rehab

This one-bedroom condo is in good condition with a good exterior and interior. It has a good location and is currently leased at a competitive price. Consider painting the exterior and updating the kitchen appliances to further increase its value.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and resale value
• Both Landscaping the front yard — Improves curb appeal and rental value
• Both Updating the kitchen appliances — Modernizes the space and increases rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and resale value ↑
• Both Landscaping the front yard — Improves curb appeal and rental value ↑
• Both Updating the kitchen appliances — Modernizes the space and increases rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 34,117
• Household income: $81,452
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 1333.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 51% Black 39% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 3% Slovak 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% Other Indo-European 0%

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: ▼ -86.48%
• Current HPI: 124.2416
• Rent YoY: ▲ 7.51%
• 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

+2.4% since first listed

12 events — show timeline

• 2026-06-12 Pending — NTREIS
• 2026-04-28 Listing Removed — NTREIS
• 2026-04-28 Listed $59,900 NTREIS
• 2025-12-15 Price Changed $59,900 NTREIS
• 2025-11-03 Listed $64,900 NTREIS
• 2024-11-08 Sold (MLS) — NTREIS
• 2024-10-12 Listing Removed — NTREIS
• 2024-10-06 Contingent — NTREIS
• 2024-09-21 Price Changed $55,500 NTREIS
• 2024-09-21 Relisted — NTREIS
• 2024-09-10 Contingent — NTREIS
• 2024-04-12 Listed $58,500 NTREIS