810 Ballard St · Opelousas, LA 70570

$25,000

3 bd · 1.0 ba · 1,100 sqft · Other · 301 Days on market

2,550 sqft lot $23/sqft · 52% below area ↓ 36% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

Key facts

• 2,550 sq ft lot
• Parking
• Listed 300 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $25k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $22k (12.0% below list) — sets the bar for market timing.
• Cap rate 38.5% vs local median 4.0% in Opelousas — 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 63/100 on livability (#187 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. Landry Parish (town): math 20% / reading 33% proficiency, ranked #54 of 98 in LA (top 55%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Park Vista Elementary School (math 18% / reading 25%, grade F, #434 of 646 statewide, top 68%, 575 students, 77% FRL); Opelousas Junior High School (math 4% / reading 12%, grade F, #205 of 218 statewide, top 94%, 456 students, 84% FRL); Opelousas Senior High School (math 11% / reading 18%, grade F, #224 of 265 statewide, top 86%, 840 students, 77% FRL).
• Market conditions: 313 active listings in the ZIP; 142 units permitted in St. Landry Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• St. Landry County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 301 days — a 12% lower offer ($22k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe 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 $22,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 301 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 4.19% ✓
• Cap rate: 38.47%
• Cash-on-cash: 114.90%
• DSCR: 6.11
• GRM: 2.0

CMA / ARV

• ARV (median comp): $51,946
• List price: $25,000
• Delta: -51.87%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 5.92×
• Total profit: $34,452
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 12.39×
• Total profit: $79,711
• Equity at exit: $2,162

Cash invested: $7,000 (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 70570

• Home prices YoY: -34.7%
• Active inventory: 313
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,048 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$16 /mo · $192/yr
• Insurance: −$10
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $604

Break-even live

Break-even rent $283

Max offer price $25,000

Occupancy floor 37%

Sensitivity live

Price	-10% $618	-5% $611	+0% $604	+5% $597	+10% $590
Rent	-10% $521	-5% $562	+0% $604	+5% $645	+10% $687
Rate	-1.0pp $616	-0.5pp $610	base $604	+0.5pp $597	+1.0pp $591

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $25,000 Active 301 DOM
2. 2026-06-21
   days on market $25,000 Active 300 DOM
3. 2026-06-18
   days on market $25,000 Active 298 DOM
4. 2026-06-17
   days on market $25,000 Active 297 DOM
5. 2026-06-16
   days on market $25,000 Active 296 DOM
6. 2026-06-15
   days on market $25,000 Active 295 DOM
7. 2026-06-13
   days on market $25,000 Active 293 DOM
8. 2026-06-12
   days on market $25,000 Active 292 DOM
9. 2026-06-09
   days on market $25,000 Active 289 DOM
10. 2026-06-08
    days on market $25,000 Active 288 DOM
11. 2026-06-07
    days on market $25,000 Active 287 DOM
12. 2026-06-07
    days on market $25,000 Active 286 DOM
13. 2026-06-04
    days on market $25,000 Active 283 DOM
14. 2026-06-02
    days on market $25,000 Active 282 DOM
15. 2026-06-01
    days on market $25,000 Active 281 DOM
16. 2026-05-31
    days on market $25,000 Active 280 DOM
17. 2026-05-31
    days on market $25,000 Active 279 DOM
18. 2026-03-23
    price $25,000 253-char remark

    Show marketing remark (253 chars)

    Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

19. 2026-02-21
    status Active 253-char remark

    Show marketing remark (253 chars)

    Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

20. 2025-11-11
    price $29,000 253-char remark

    Show marketing remark (253 chars)

    Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

21. 2025-08-26
    price $35,000 253-char remark

    Show marketing remark (253 chars)

    Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

22. 2025-07-18
    listed $39,000 Active 253-char remark

    Show marketing remark (253 chars)

    Looking for a home or investment property in need of a little TLC? This is the one for you! This 3 bedroom 1 bathroom home is situated on a shady lot, with a large open living room and kitchen! The possibilities are endless! Schedule your showing today!

ⓘ 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: $192 · $16/mo
• Projected year-2 tax: $192 · $16/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,573
• − Mortgage interest: −$1,400
• − Property taxes: −$192
• − Insurance: −$922
• − Repairs & maintenance: −$1,006
• − Management: −$1,006
• − Depreciation: −$727
• Taxable income: $7,320
• Est. tax owed @ 24.0%: −$1,757
• After-tax cash flow: $5,489/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. Landry Parish
• NCES district ID: 2201560
• Math proficiency: 20% ▼ -43.00%
• Reading proficiency: 33% ▼ -35.00%
• Median HH income: $32,635
• Composite: 21.59/100
• National rank: #8303
• State rank: #54 of 98 in LA

Livability — Opelousas

• Score: 63/100
• State rank: #187
• US rank: #14928

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Opelousas, LA
• Population (ZIP): 37,188

Population outlook (St. Landry County) Hauer SSP2

• Today (2025): 83,114 people
• By 2030: 82,110 · -1.2%
• By 2040: 79,445 · -4.4%
• By 2050: 75,855 · -8.7%
• By 2075: 65,684 · -21.0%
• By 2100: 51,739 · -37.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 37% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Lithuanian 8%
• Foreign-born: 1% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 5% Spanish 3%

Political lean MEDSL · St. Landry

• 2024 margin: R (+18.8) · D 40.0% · R 58.9% · Other 1.1%
• 2008→2024 swing: -15.6pp toward R · 2008: -3.2pp · 2024: -18.8pp
• All cycles: 2024: R+18.8 2020: R+14.1 2016: R+11.9 2012: R+4.3 2008: R+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.38%
• Current HPI: 98.4256
• 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

-35.9% since first listed

5 events — show timeline

• 2026-03-23 Price Changed $25,000 AcadianaMLS
• 2026-02-21 Relisted — AcadianaMLS
• 2025-11-11 Price Changed $29,000 AcadianaMLS
• 2025-08-26 Price Changed $35,000 AcadianaMLS
• 2025-07-18 Listed $39,000 AcadianaMLS

Property tax history

+1.1%/yr

Latest (2025): $192 · +0.0% YoY. Source: county tax records.