701 S College Rd #309 · Lafayette, LA 70503

$73,125

1 bd · 1.0 ba · 650 sqft · Townhouse public records · 423 Days on market

Built 1982 $112/sqft · 12% below area Est $85k · 14% under $224/mo HOA · 24% of rent ↓ 12% 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 +15.9/30.0
• ARV discount +14.0/15.0
• 1% rule +7.5/10.0
• DSCR +4.9/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This low-maintenance one-bedroom, one-bath end unit offers privacy and convenience near Lafayette General, UL Lafayette, and Moncus Park. Enjoy quick access to shopping, dining, and more, plus an elevator for easy entry. HOA covers insurance, water, sewer, trash, pest control, AC filters, and groundskeeping--just move in and relax. Don't miss your chance to own this ideally located end unit!

Key facts

• End unit
• Elevator
• Garage

Tags

• END UNIT
• ELEVATOR
• QUICK ACCESS TO SHOPPING
• QUICK ACCESS TO DINING
• PRIVACY AND CONVENIENCE

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $73k.

Deal economics

• At list price, monthly cash flow is $34 ($411/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($917 rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 4.7% in Lafayette — 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 (#63 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime F.
• Lafayette Parish (urban): math 38% / reading 46% proficiency, ranked #19 of 98 in LA (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 235 active listings in the ZIP; 14 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; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent is only 12% of the median local income ($95k/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 $506 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lafayette County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 423 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.

Recommended offer $64,350 (12.0% below list)

Questions for the listing agent

1. It's been on market 423 days. Have you received any prior offers? Is the seller open to a 12% 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. 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.25% ✓
• Cap rate: 6.85%
• Cash-on-cash: 2.01%
• DSCR: 1.09
• GRM: 6.6

CMA / ARV

• ARV (median comp): $85,379
• List price: $73,125
• Delta: -14.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3121 Johnston St #238	0.75mi	1/1.0	618 (-5%)	11mo	$85,000	$138	48

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 · 0.36% rent growth · sell at horizon

5-year hold

• IRR: -17.0%
• Equity multiple: 0.42×
• Total profit: $-11,914
• Equity at exit: $10,903

10-year hold

• IRR: -17.2%
• Equity multiple: 0.20×
• Total profit: $-16,285
• Equity at exit: $6,323

Cash invested: $20,475 (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 70503

• Home prices YoY: -34.0%
• Rents YoY: 0.4%
• Active inventory: 235
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $917 high
• Mortgage (P&I): −$383
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$30
• HOA: −$224
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $34

Break-even live

Break-even rent $874

Max offer price $73,125

Occupancy floor 91%

Sensitivity live

Price	-10% $76	-5% $55	+0% $34	+5% $14	+10% $-7
Rent	-10% $-38	-5% $-2	+0% $34	+5% $70	+10% $107
Rate	-1.0pp $71	-0.5pp $53	base $34	+0.5pp $15	+1.0pp $-4

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: $18,281
• Closing costs: $2,194
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 S College Rd Lafayette, LA	1.0–2.0	1.0	659	$757	$1.15	14d	5	0.22mi
112 Hillside Dr #26 Lafayette, LA	1.0	1.0	741	$995	$1.34	44d	1	0.37mi
106 Seville Blvd Unit B Lafayette, LA	1.0	1.0	584	$850	$1.46	44d	1	0.75mi
131 1/2 Mildred St Unit C Lafayette, LA	1.0	1.0	500	$625	$1.25	14d	1	0.89mi
715 Harding St Unit 5 Lafayette, LA	1.0	1.0	500	$725	$1.45	44d	1	1.19mi
1318 Lee Ave Unit B6 Lafayette, LA	1.0	1.0	400	$750	$1.88	21d	1	1.23mi
1318 Lee Ave Unit C7 Lafayette, LA	1.0	1.0	450	$1,150	$2.56	14d	1	1.23mi
600 E University Ave #7 Lafayette, LA	1.0	1.0	600	$995	$1.66	44d	1	1.28mi
101 Westwood Dr Lafayette, LA	1.0	1.0	651	$1,036	$1.59	14d	3	1.33mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	14d	1	1.38mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	44d	1	1.39mi
305 Ella St Unit 3 Lafayette, LA	1.0	1.5	515	$995	$1.93	14d	1	1.43mi
328 1/2 Theodora Blvd Lafayette, LA	1.0	1.0	440	$1,100	$2.50	14d	1	1.46mi
328 Theodora Blvd Unit 1/2 Lafayette, LA	1.0	1.0	440	$1,100	$2.50	21d	1	1.46mi

HOA detail

• Monthly dues: $224 · $2,688/yr
• Likely covers: watersewertrashlandscaping

Listing history 18 events

1. 2026-06-18
   days on market $73,125 Active 423 DOM
2. 2026-06-17
   days on market $73,125 Active 422 DOM
3. 2026-06-16
   days on market $73,125 Active 421 DOM
4. 2026-06-15
   days on market $73,125 Active 420 DOM
5. 2026-06-14
   days on market $73,125 Active 418 DOM
6. 2026-06-13
   days on market $73,125 Active 417 DOM
7. 2026-06-10
   days on market $73,125 Active 415 DOM
8. 2026-06-09
   days on market $73,125 Active 414 DOM
9. 2026-06-08
   days on market $73,125 Active 413 DOM
10. 2026-06-07
    days on market $73,125 Active 412 DOM
11. 2026-06-05
    days on market $73,125 Active 409 DOM
12. 2026-06-03
    days on market $73,125 Active 408 DOM
13. 2026-06-02
    days on market $73,125 Active 407 DOM
14. 2026-06-01
    days on market $73,125 Active 406 DOM
15. 2026-05-31
    days on market $73,125 Active 405 DOM
16. 2026-05-30
    days on market $73,125 Active 404 DOM
17. 2025-09-24
    price $73,125 395-char remark

    Show marketing remark (395 chars)

    This low-maintenance one-bedroom, one-bath end unit offers privacy and convenience near Lafayette General, UL Lafayette, and Moncus Park. Enjoy quick access to shopping, dining, and more, plus an elevator for easy entry. HOA covers insurance, water, sewer, trash, pest control, AC filters, and groundskeeping--just move in and relax. Don't miss your chance to own this ideally located end unit!

18. 2025-04-21
    listed $83,125 Active 395-char remark

    Show marketing remark (395 chars)

    This low-maintenance one-bedroom, one-bath end unit offers privacy and convenience near Lafayette General, UL Lafayette, and Moncus Park. Enjoy quick access to shopping, dining, and more, plus an elevator for easy entry. HOA covers insurance, water, sewer, trash, pest control, AC filters, and groundskeeping--just move in and relax. Don't miss your chance to own this ideally located end unit!

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $627 · $52/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,004
• − Mortgage interest: −$4,096
• − Property taxes: −$627
• − Insurance: −$366
• − Repairs & maintenance: −$880
• − Management: −$880
• − HOA: −$2,688
• − Depreciation: −$2,127
• Taxable loss: −$661
• Est. tax savings @ 24.0%: +$159
• After-tax cash flow: $569/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: Lafayette Parish
• NCES district ID: 2200870
• Math proficiency: 38% ▼ -32.00%
• Reading proficiency: 46% ▼ -24.00%
• Median HH income: $50,238
• Composite: 36.15/100
• National rank: #4741
• State rank: #19 of 98 in LA

Livability — Lafayette

• Score: 70/100
• State rank: #63
• US rank: #8133

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, LA
• County: Lafayette Parish · 207,544 people
• City population: 158,114
• Metro: Lafayette, LA
• Population (ZIP): 28,643
• Household income: $94,688
• Rent vs Own: 34.3% rent · 65.7% own
• Severe rent burden: 769.0

Population outlook (Lafayette County) Hauer SSP2

• Today (2025): 280,930 people
• By 2030: 301,092 · +7.2%
• By 2040: 339,456 · +20.8%
• By 2050: 375,156 · +33.5%
• By 2075: 451,672 · +60.8%
• By 2100: 497,203 · +77.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 23% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Lafayette

• 2024 margin: Solid R (+31.4) · D 33.5% · R 64.8% · Other 1.7%
• 2008→2024 swing: -0.1pp no change · 2008: -31.3pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+28.7 2016: R+33.6 2012: R+33.7 2008: R+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.65%
• Current HPI: 158.7094
• Rent YoY: ▲ 0.36%
• Metro: Lafayette, 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

-12.0% since first listed

2 events — show timeline

• 2025-09-24 Price Changed $73,125 AcadianaMLS
• 2025-04-21 Listed $83,125 AcadianaMLS

Property tax history

+23.8%/yr

Latest (2025): $627 · -1.1% YoY. Source: county tax records.