2230 Albert St · Alexandria, LA 71301

$135,000

3 bd · 1.0 ba · 1,183 sqft · SingleFamily public records · 202 Days on market

Built 1956 6,534 sqft lot $114/sqft · 243% above area ↓ 4% since listing

---

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 +26.0/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your charming fully renovated ranch in Alexandria, LA! This inviting 3 bd, 1 bth home boasts 1,169 HSF of comfortable living space, featuring new vinyl flooring throughout (NO Carpet) and a fresh coat of paint to create a clean and modern feel. Step into the beautifully updated bathroom, complete with a tiled shower/tub combo, new vanity, and fixtures, all designed in soothing neutral tones to create a relaxing atmosphere. The kitchen is a chef's delight with refreshed cabinetry, an eat-in dining space, and new appliances that will remain with the home, making meal prep a breeze. Outside, you'll find a single carport, fencing for added privacy, and a new roof, ensuring peace of mind for years to come. Situated on .15 acres, this property is move-in ready and conveniently located close to many of the exciting amenities Alexandria has to offer. Don't miss out on the opportunity to make this delightful home yours! Schedule your tour today! (NEW Window shutters now installed!)

Key facts

• New appliances
• Refreshed cabinetry
• Updated bathroom

Tags

• FULLY RENOVATED RANCH
• UPDATED BATHROOM
• TILED SHOWER TUB COMBO
• REFRESHED CABINETRY
• EAT IN DINING SPACE
• NEW APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 4.9% in Alexandria — 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 64/100 on livability (#160 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.
• Rapides Parish (urban): math 29% / reading 44% proficiency, ranked #31 of 98 in LA (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 151 active listings in the ZIP; 239 units permitted in Rapides Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Rapides County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.05% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.70%
• DSCR: 1.48
• GRM: 7.9

CMA / ARV

• ARV (median comp): $38,844
• List price: $135,000
• Delta: 247.55%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2309 Hill St	0.28mi	2/1.0 (-1)	1,160 (-2%)	3mo	$87,900	$76	76
2127 Hill St	0.31mi	3/2.0	1,215 (+3%)	1mo	$134,000	$110	76
1731 Elliott St	0.56mi	3/1.0	1,250 (+6%)	3mo	$7,500	$6	62
201 Mary Ln	0.67mi	2/1.0 (-1)	1,046 (-12%)	2mo	$10,000	$10	43

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-487
• Equity at exit: $20,129

10-year hold

• IRR: 9.3%
• Equity multiple: 1.71×
• Total profit: $26,929
• Equity at exit: $11,672

Cash invested: $37,800 (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 71301

• Home prices YoY: -23.0%
• Active inventory: 151
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,423 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$23 /mo · $274/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $337

Break-even live

Break-even rent $996

Max offer price $135,000

Occupancy floor 71%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $135,000 Active 202 DOM
2. 2026-06-18
   days on market $135,000 Active 201 DOM
3. 2026-06-17
   days on market $135,000 Active 200 DOM
4. 2026-06-16
   days on market $135,000 Active 199 DOM
5. 2026-06-15
   days on market $135,000 Active 198 DOM
6. 2026-06-14
   days on market $135,000 Active 196 DOM
7. 2026-06-13
   days on market $135,000 Active 195 DOM
8. 2026-06-10
   days on market $135,000 Active 193 DOM
9. 2026-06-09
   days on market $135,000 Active 192 DOM
10. 2026-06-08
    days on market $135,000 Active 191 DOM
11. 2026-06-07
    days on market $135,000 Active 190 DOM
12. 2026-06-03
    days on market $135,000 Active 186 DOM
13. 2026-06-02
    days on market $135,000 Active 185 DOM
14. 2026-06-01
    days on market $135,000 Active 184 DOM
15. 2026-05-31
    days on market $135,000 Active 183 DOM
16. 2026-05-30
    days on market $135,000 Active 182 DOM
17. 2026-02-11
    price $135,000 998-char remark

    Show marketing remark (998 chars)

    Welcome to your charming fully renovated ranch in Alexandria, LA! This inviting 3 bd, 1 bth home boasts 1,169 HSF of comfortable living space, featuring new vinyl flooring throughout (NO Carpet) and a fresh coat of paint to create a clean and modern feel. Step into the beautifully updated bathroom, complete with a tiled shower/tub combo, new vanity, and fixtures, all designed in soothing neutral tones to create a relaxing atmosphere. The kitchen is a chef's delight with refreshed cabinetry, an eat-in dining space, and new appliances that will remain with the home, making meal prep a breeze. Outside, you'll find a single carport, fencing for added privacy, and a new roof, ensuring peace of mind for years to come. Situated on .15 acres, this property is move-in ready and conveniently located close to many of the exciting amenities Alexandria has to offer. Don't miss out on the opportunity to make this delightful home yours! Schedule your tour today! (NEW Window shutters now installed!)

18. 2026-01-05
    price $137,000 998-char remark

    Show marketing remark (998 chars)

    Welcome to your charming fully renovated ranch in Alexandria, LA! This inviting 3 bd, 1 bth home boasts 1,169 HSF of comfortable living space, featuring new vinyl flooring throughout (NO Carpet) and a fresh coat of paint to create a clean and modern feel. Step into the beautifully updated bathroom, complete with a tiled shower/tub combo, new vanity, and fixtures, all designed in soothing neutral tones to create a relaxing atmosphere. The kitchen is a chef's delight with refreshed cabinetry, an eat-in dining space, and new appliances that will remain with the home, making meal prep a breeze. Outside, you'll find a single carport, fencing for added privacy, and a new roof, ensuring peace of mind for years to come. Situated on .15 acres, this property is move-in ready and conveniently located close to many of the exciting amenities Alexandria has to offer. Don't miss out on the opportunity to make this delightful home yours! Schedule your tour today! (NEW Window shutters now installed!)

19. 2025-11-11
    listed $140,000 Active 998-char remark

    Show marketing remark (998 chars)

    Welcome to your charming fully renovated ranch in Alexandria, LA! This inviting 3 bd, 1 bth home boasts 1,169 HSF of comfortable living space, featuring new vinyl flooring throughout (NO Carpet) and a fresh coat of paint to create a clean and modern feel. Step into the beautifully updated bathroom, complete with a tiled shower/tub combo, new vanity, and fixtures, all designed in soothing neutral tones to create a relaxing atmosphere. The kitchen is a chef's delight with refreshed cabinetry, an eat-in dining space, and new appliances that will remain with the home, making meal prep a breeze. Outside, you'll find a single carport, fencing for added privacy, and a new roof, ensuring peace of mind for years to come. Situated on .15 acres, this property is move-in ready and conveniently located close to many of the exciting amenities Alexandria has to offer. Don't miss out on the opportunity to make this delightful home yours! Schedule your tour today! (NEW Window shutters now installed!)

ⓘ 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: $274 · $23/mo
• Projected year-2 tax: $742 · $62/mo
• Expected delta: +$468/yr (+$39/mo · 170.6%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,073
• − Mortgage interest: −$7,562
• − Property taxes: −$274
• − Insurance: −$675
• − Repairs & maintenance: −$1,366
• − Management: −$1,366
• − Depreciation: −$3,927
• Taxable income: $1,903
• Est. tax owed @ 24.0%: −$457
• After-tax cash flow: $3,586/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: Rapides Parish
• NCES district ID: 2201290
• Math proficiency: 29% ▼ -34.00%
• Reading proficiency: 44% ▼ -29.00%
• Median HH income: $41,057
• Composite: 30.68/100
• National rank: #6179
• State rank: #31 of 98 in LA

Livability — Alexandria

• Score: 64/100
• State rank: #160
• US rank: #13698

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alexandria, LA
• City population: 25,138
• Population (ZIP): 17,266

Population outlook (Rapides County) Hauer SSP2

• Today (2025): 133,047 people
• By 2030: 132,333 · -0.5%
• By 2040: 129,355 · -2.8%
• By 2050: 124,535 · -6.4%
• By 2075: 110,338 · -17.1%
• By 2100: 88,641 · -33.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 53% White 36% Hispanic / Latino 4% Two or more races 3% Asian 2%
• Common ancestry: Lithuanian 5% Portuguese 1% Hispanic 1%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 3% Other Asian/Pacific 2% French/Haitian/Cajun 1%

Political lean MEDSL · Rapides

• 2024 margin: Solid R (+36.8) · D 31.0% · R 67.7% · Other 1.3%
• 2008→2024 swing: -8.1pp toward R · 2008: -28.7pp · 2024: -36.8pp
• All cycles: 2024: R+36.8 2020: R+32.1 2016: R+32.5 2012: R+29.6 2008: R+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.38%
• Current HPI: 184.9889
• 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

-3.6% since first listed

3 events — show timeline

• 2026-02-11 Price Changed $135,000 AcadianaMLS
• 2026-01-05 Price Changed $137,000 AcadianaMLS
• 2025-11-11 Listed $140,000 AcadianaMLS

Property tax history

-4.0%/yr

Latest (2025): $274 · -55.4% YoY. Source: county tax records.