675 Wooddale Blvd #70 · Baton Rouge, LA 70806

$39,900

3 bd · 2.0 ba · 1,325 sqft · Condo public records · 77 Days on market

Built 1980 $30/sqft · 55% below area Est $74k · 46% under $380/mo HOA · 29% of rent ↓ 39% since listing

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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
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

Key facts

• $380 HOA
• 2 parking spots
• Pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $40k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.3% 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 (+3.4%/yr); 238 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,252 units permitted in East Baton Rouge Parish in 2024 (440 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k 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 + 3.4% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: 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 $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 3.32% ✓
• Cap rate: 17.28%
• Cash-on-cash: 39.23%
• DSCR: 2.75
• GRM: 2.5

CMA / ARV

• ARV (median comp): $73,776
• List price: $39,900
• Delta: -45.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.42% rent growth · sell at horizon

5-year hold

• IRR: 36.6%
• Equity multiple: 2.58×
• Total profit: $17,626
• Equity at exit: $5,949

10-year hold

• IRR: 43.8%
• Equity multiple: 5.36×
• Total profit: $48,715
• Equity at exit: $3,450

Cash invested: $11,172 (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 70806

• Rents YoY: 3.4%
• Active inventory: 238
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,323 high
• Mortgage (P&I): −$209
• Tax from tax record: −$74 /mo · $890/yr
• Insurance: −$17
• HOA: −$380
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $365

Break-even live

Break-even rent $861

Max offer price $39,900

Occupancy floor 67%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
600 Wooddale Blvd Baton Rouge, LA	1.0–3.0	1.0–3.5	1225	$1,537	$1.25	14d	16	0.18mi
150 Ocean Dr Unit 2B Baton Rouge, LA	2.0	2.0	1276	$1,250	$0.98	23d	1	0.57mi
224 Ocean Dr Baton Rouge, LA	2.0	1.5–2.0	1071	$1,148	$1.07	43d	2	0.63mi
224 Ocean Dr #107 Baton Rouge, LA	2.0	1.5	1071	$1,300	$1.21	23d	1	0.65mi
226 Ship Dr Unit 5 Baton Rouge, LA	2.0	2.0	1040	$1,200	$1.15	23d	1	0.68mi
226 Ship Dr Unit 5 Baton Rouge, LA	2.0	2.0	1040	$1,200	$1.15	43d	1	0.68mi
6918 Goya Ave Unit A Baton Rouge, LA	3.0	2.0	1398	$1,785	$1.28	14d	1	0.73mi
6908 Goya Ave Unit B Baton Rouge, LA	3.0	2.0	1398	$1,750	$1.25	43d	1	0.74mi
6908 Goya Ave Unit A Baton Rouge, LA	3.0	2.0	1302	$1,650	$1.27	21d	1	0.74mi
6867 Titian Ave Baton Rouge, LA	1.0–3.0	1.0–2.0	886	$900	$1.02	14d	3	0.76mi
6773 Titian Ave Unit 6 Baton Rouge, LA	2.0	1.0	1000	$700	$0.70	14d	1	0.79mi
6773 Titian Ave Unit 3 Baton Rouge, LA	2.0	1.0	900	$850	$0.94	43d	1	0.79mi
6773 Titian Ave Unit 10 Baton Rouge, LA	2.0	1.0	900	$800	$0.89	43d	1	0.79mi
376 Croydon Ave Baton Rouge, LA	2.0	1.0	1117	$2,600	$2.33	43d	1	0.82mi
376 Croydon Ave Unit A Baton Rouge, LA	2.0	1.0	1117	$1,800	$1.61	43d	1	0.82mi
6645 Harry Dr Baton Rouge, LA	2.0–4.0	1.0–2.0	1013	$1,202	$1.19	14d	14	0.86mi
2136 Lobdell Blvd Baton Rouge, LA	1.0–2.0	1.0–2.0	860	$1,066	$1.24	14d	24	1.03mi
650 N Ardenwood Dr Baton Rouge, LA	1.0–4.0	1.0–2.0	951	$1,229	$1.29	43d	1	1.07mi
459 Court Dr Apt Court Baton Rouge, LA	1.0–2.0	1.0–2.0	995	$1,099	$1.10	43d	1	1.13mi
2121 Lobdell Blvd Unit H54 Baton Rouge, LA	3.0	2.0	950	$1,194	$1.26	14d	1	1.25mi
9228 Florida Blvd Unit 18 Baton Rouge, LA	2.0	2.0	1000	$800	$0.80	23d	1	1.27mi
9228 Florida Blvd Apt 16 Baton Rouge, LA	2.0	2.0	1000	$800	$0.80	43d	1	1.27mi
9228 Florida Blvd Unit 38 Baton Rouge, LA	2.0	2.0	1000	$800	$0.80	14d	1	1.27mi
9228 Florida Blvd Unit 8 Baton Rouge, LA	2.0	1.5	972	$750	$0.77	23d	1	1.27mi
9262 Florida Blvd Baton Rouge, LA	1.0–2.0	1.0–2.0	950	$775	$0.82	43d	1	1.34mi
1251 N Ardenwood Dr Baton Rouge, LA	1.0–3.0	1.0–2.0	923	$999	$1.08	43d	1	1.36mi

HOA detail condo

• Monthly dues: $380 · $4,560/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $39,900 Active 77 DOM
2. 2026-06-17
   days on market $39,900 Active 76 DOM
3. 2026-06-16
   days on market $39,900 Active 75 DOM
4. 2026-06-15
   days on market $39,900 Active 74 DOM
5. 2026-06-14
   days on market $39,900 Active 72 DOM
6. 2026-06-10
   days on market $39,900 Active 77 DOM
7. 2026-06-09
   days on market $39,900 Active 76 DOM
8. 2026-06-08
   days on market $39,900 Active 75 DOM
9. 2026-06-07
   statusdays on market $39,900 Active 74 DOM
10. 2026-05-14
    status Pending 327-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

11. 2026-05-14
    status Pending 329-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

12. 2026-04-15
    price $39,900 327-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

13. 2026-04-15
    price $39,900 329-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

14. 2026-02-26
    listed $50,900 Active 327-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

15. 2026-02-26
    listed $50,900 Active 329-char remark

    Show marketing remark (329 chars)

    Schedule a showing today! All utilities included in monthly HOA $380 Property is part of Freddie Mac First Look - Investors may submit offers at any time - they will not be reviewed or responded to until after the First Look period. Highest and Best deadline for submission is (10am CDT, Thursday 5/6/26) CoListed By HomeGenius

16. 2005-10-25
    soldstatus $65,000

ⓘ 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: $890 · $74/mo
• Projected year-2 tax: $890 · $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 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: $15,877
• − Mortgage interest: −$2,235
• − Property taxes: −$890
• − Insurance: −$200
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − HOA: −$4,560
• − Depreciation: −$1,161
• Taxable income: $4,292
• Est. tax owed @ 24.0%: −$1,030
• After-tax cash flow: $3,353/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): 28,302
• Household income: $55,642
• Rent vs Own: 57.0% rent · 43.0% own
• Severe rent burden: 1968.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 9% Slovak 2% Serbian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3% Chinese 1% French/Haitian/Cajun 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: ▼ -167.56%
• Current HPI: 185.0655
• Rent YoY: ▲ 3.42%
• 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

-38.6% since first listed

7 events — show timeline

• 2026-05-14 Pending — AcadianaMLS
• 2026-05-14 Pending — GBRMLS
• 2026-04-15 Price Changed $39,900 AcadianaMLS
• 2026-04-15 Price Changed $39,900 GBRMLS
• 2026-02-26 Listed $50,900 GBRMLS
• 2026-02-26 Listed $50,900 AcadianaMLS
• 2005-10-25 Sold (Public Records) $65,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $890 · +4.7% YoY. Source: county tax records.