107 Northern Oak Dr · Lafayette, LA 70507

$235,000

4 bd · 2.0 ba · 1,702 sqft · SingleFamily · 107 Days on market

Good condition 6,534 sqft lot $138/sqft · 27% below area Est $320k · 27% under $43/mo HOA · 2% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +9.2/30.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully maintained 4-bedroom, 2-bathroom home is nestled in the quiet and desirable Northern Oaks subdivision. Designed with a split floor plan, the home offers both comfort and privacy.The spacious living area creates a warm, inviting atmosphere while maintaining an open feel--perfect for everyday living or entertaining guests. The kitchen features granite countertops, an island sink, ample cabinet space, and all-new appliances, including a refrigerator, and it overlooks a bright dining area filled with natural light.The primary suite includes a walk-in closet and a private en-suite bathroom, providing a relaxing retreat. Two additional bedrooms share a full guest bathroom, making the layout ideal for family or visitors.Step outside to enjoy the large fenced-in backyard with a covered patio, perfect for relaxing afternoons, outdoor dining, or weekend barbecues.Additional highlights include a two-car garage and a dedicated laundry room. This move-in ready home offers comfort, convenience, and the opportunity to add your personal touch.Measurements not warranted by Realtor.

Key facts

• Split floor plan
• Covered patio
• Granite countertops

Tags

• SPLIT FLOOR PLAN
• GRANITE COUNTERTOPS
• ISLAND SINK
• LARGE FENCED-IN BACKYARD
• COVERED PATIO
• DEDICATED LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-176 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $210k (10.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (19.7% below list).
• Recommended offer: $189k (19.7% below list) — sets the bar for 1% rule.

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.
• Zoned schools: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Carencro Middle School (math 18% / reading 28%, grade F, #145 of 218 statewide, top 69%, 665 students, 75% FRL); Carencro High School (math 30% / reading 29%, grade F, #127 of 265 statewide, top 49%, 1,096 students, 69% FRL).
• Market conditions: 330 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 35% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 107 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $17k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $172k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $188,737 (19.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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. 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?
9. 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.
10. 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.
11. 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: 0.80% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.21%
• DSCR: 0.86
• GRM: 10.4

CMA / ARV

• ARV (median comp): $319,956
• List price: $235,000
• Delta: -26.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
207 W Vallauris Dr	0.25mi	3/2.0 (-1)	1,704 (+0%)	10mo	$320,000	$188	75
306 Nanterre Ln	0.39mi	3/2.0 (-1)	1,626 (-4%)	6mo	$300,000	$185	64
103 Mont De Marsan Dr	0.47mi	3/2.0 (-1)	1,742 (+2%)	15mo	$318,000	$183	57
212 Southern Oak Dr	0.75mi	4/2.0	1,786 (+5%)	0mo	$245,000	$137	57
305 S Montauban Dr	0.40mi	3/2.0 (-1)	1,675 (-2%)	21mo	$325,000	$194	56
501 N Montauban Dr	0.49mi	3/2.0 (-1)	1,779 (+4%)	21mo	$311,000	$175	47
110 Lenova Ln	0.68mi	3/2.0 (-1)	1,627 (-4%)	12mo	$311,500	$191	46
214 Southern Oak Dr	0.74mi	4/2.0	1,874 (+10%)	4mo	$252,500	$135	45
112 Lenova Ln	0.68mi	3/2.0 (-1)	1,505 (-12%)	12mo	$297,900	$198	34
211 Inwood St	0.68mi	3/2.0 (-1)	1,468 (-14%)	24mo	$159,900	$109	20

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: -21.6%
• Equity multiple: 0.25×
• Total profit: $-49,235
• Equity at exit: $35,039

10-year hold

• IRR: -15.3%
• Equity multiple: 0.13×
• Total profit: $-57,085
• Equity at exit: $20,319

Cash invested: $65,800 (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 70507

• Home prices YoY: -20.6%
• Active inventory: 330
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,887 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA: −$43
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-176

Break-even live

Break-even rent $2,110

Max offer price $209,531

Occupancy floor —

Sensitivity live

Price	-10% $-14	-5% $-95	+0% $-176	+5% $-257	+10% $-338
Rent	-10% $-325	-5% $-251	+0% $-176	+5% $-101	+10% $-27
Rate	-1.0pp $-58	-0.5pp $-116	base $-176	+0.5pp $-237	+1.0pp $-299

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
206 Chestnut Oak Dr Lafayette, LA	4.0	2.0	1836	$2,000	$1.09	45d	1	0.82mi
13 Larkspur Ln Unit 13 Lafayette, LA	3.0	1.5	1380	$1,200	$0.87	45d	1	0.98mi
315 Springsteen Ln Lafayette, LA	4.0	2.0	2000	$2,100	$1.05	15d	1	1.01mi
315 Sidney Martin Rd Unit 1 Lafayette, LA	3.0	1.5	1218	$1,400	$1.15	23d	1	1.14mi

HOA detail

• Monthly dues: $43 · $516/yr

Listing history 26 events

1. 2026-06-21
   days on market $235,000 Active 107 DOM
2. 2026-06-18
   days on market $235,000 Active 104 DOM
3. 2026-06-17
   days on market $235,000 Active 103 DOM
4. 2026-06-16
   days on market $235,000 Active 102 DOM
5. 2026-06-15
   days on market $235,000 Active 101 DOM
6. 2026-06-14
   days on market $235,000 Active 99 DOM
7. 2026-06-13
   days on market $235,000 Active 98 DOM
8. 2026-06-10
   days on market $235,000 Active 96 DOM
9. 2026-06-09
   days on market $235,000 Active 95 DOM
10. 2026-06-08
    days on market $235,000 Active 94 DOM
11. 2026-06-07
    pricedays on market $235,000 Active 93 DOM
12. 2026-06-05
    days on market $245,000 Active 90 DOM
13. 2026-06-03
    days on market $245,000 Active 89 DOM
14. 2026-06-02
    days on market $245,000 Active 88 DOM
15. 2026-06-01
    days on market $245,000 Active 87 DOM
16. 2026-05-31
    days on market $245,000 Active 86 DOM
17. 2026-05-30
    days on market $245,000 Active 85 DOM
18. 2026-04-15
    price $245,000 1098-char remark

    Show marketing remark (1098 chars)

    This beautifully maintained 4-bedroom, 2-bathroom home is nestled in the quiet and desirable Northern Oaks subdivision. Designed with a split floor plan, the home offers both comfort and privacy.The spacious living area creates a warm, inviting atmosphere while maintaining an open feel--perfect for everyday living or entertaining guests. The kitchen features granite countertops, an island sink, ample cabinet space, and all-new appliances, including a refrigerator, and it overlooks a bright dining area filled with natural light.The primary suite includes a walk-in closet and a private en-suite bathroom, providing a relaxing retreat. Two additional bedrooms share a full guest bathroom, making the layout ideal for family or visitors.Step outside to enjoy the large fenced-in backyard with a covered patio, perfect for relaxing afternoons, outdoor dining, or weekend barbecues.Additional highlights include a two-car garage and a dedicated laundry room. This move-in ready home offers comfort, convenience, and the opportunity to add your personal touch.Measurements not warranted by Realtor.

19. 2026-03-06
    listed $252,000 Active 1098-char remark

    Show marketing remark (1098 chars)

    This beautifully maintained 4-bedroom, 2-bathroom home is nestled in the quiet and desirable Northern Oaks subdivision. Designed with a split floor plan, the home offers both comfort and privacy.The spacious living area creates a warm, inviting atmosphere while maintaining an open feel--perfect for everyday living or entertaining guests. The kitchen features granite countertops, an island sink, ample cabinet space, and all-new appliances, including a refrigerator, and it overlooks a bright dining area filled with natural light.The primary suite includes a walk-in closet and a private en-suite bathroom, providing a relaxing retreat. Two additional bedrooms share a full guest bathroom, making the layout ideal for family or visitors.Step outside to enjoy the large fenced-in backyard with a covered patio, perfect for relaxing afternoons, outdoor dining, or weekend barbecues.Additional highlights include a two-car garage and a dedicated laundry room. This move-in ready home offers comfort, convenience, and the opportunity to add your personal touch.Measurements not warranted by Realtor.

20. 2025-12-18
    soldstatus $172,500 Sold 760-char remark

    Show marketing remark (760 chars)

    This charming 3-bedroom, 2-bathroom home is nestled in the quiet Northern Oaks subdivision, just minutes from I-10 and I-49 for easy access to everything Lafayette has to offer. Featuring a split floor plan, this home boasts a spacious living area creating a cozy yet open atmosphere.The kitchen offers ample cabinet space and overlooks a bright dining area--perfect for family meals or entertaining guests. The primary suite features a walk-in closet and private bath, while two additional bedrooms share a full guest bathroom.Enjoy outdoor living in the large fenced-in backyard with a covered patio, ideal for relaxing afternoons or weekend barbecues. With a two-car garage and a laundry room, this home is move-in ready and waiting for your personal touch.

21. 2025-09-18
    status Pending 760-char remark

    Show marketing remark (760 chars)

    This charming 3-bedroom, 2-bathroom home is nestled in the quiet Northern Oaks subdivision, just minutes from I-10 and I-49 for easy access to everything Lafayette has to offer. Featuring a split floor plan, this home boasts a spacious living area creating a cozy yet open atmosphere.The kitchen offers ample cabinet space and overlooks a bright dining area--perfect for family meals or entertaining guests. The primary suite features a walk-in closet and private bath, while two additional bedrooms share a full guest bathroom.Enjoy outdoor living in the large fenced-in backyard with a covered patio, ideal for relaxing afternoons or weekend barbecues. With a two-car garage and a laundry room, this home is move-in ready and waiting for your personal touch.

22. 2025-09-04
    price $216,200 760-char remark

    Show marketing remark (760 chars)

    This charming 3-bedroom, 2-bathroom home is nestled in the quiet Northern Oaks subdivision, just minutes from I-10 and I-49 for easy access to everything Lafayette has to offer. Featuring a split floor plan, this home boasts a spacious living area creating a cozy yet open atmosphere.The kitchen offers ample cabinet space and overlooks a bright dining area--perfect for family meals or entertaining guests. The primary suite features a walk-in closet and private bath, while two additional bedrooms share a full guest bathroom.Enjoy outdoor living in the large fenced-in backyard with a covered patio, ideal for relaxing afternoons or weekend barbecues. With a two-car garage and a laundry room, this home is move-in ready and waiting for your personal touch.

23. 2025-07-19
    listed $235,000 Active 760-char remark

    Show marketing remark (760 chars)

    This charming 3-bedroom, 2-bathroom home is nestled in the quiet Northern Oaks subdivision, just minutes from I-10 and I-49 for easy access to everything Lafayette has to offer. Featuring a split floor plan, this home boasts a spacious living area creating a cozy yet open atmosphere.The kitchen offers ample cabinet space and overlooks a bright dining area--perfect for family meals or entertaining guests. The primary suite features a walk-in closet and private bath, while two additional bedrooms share a full guest bathroom.Enjoy outdoor living in the large fenced-in backyard with a covered patio, ideal for relaxing afternoons or weekend barbecues. With a two-car garage and a laundry room, this home is move-in ready and waiting for your personal touch.

24. 2024-06-04
    listed $255,000 Active
25. 2022-08-26
    soldstatus $248,000 Sold
26. 2022-01-11
    listed $224,000

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $22,648
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,812
• − Management: −$1,812
• − HOA: −$516
• − Depreciation: −$6,836
• Taxable loss: −$6,191
• Est. tax savings @ 24.0%: +$1,486
• After-tax cash flow: $-626/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 · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained, 4-bedroom, 2-bathroom home in the Northern Oaks subdivision is ready for move-in. It features a split floor plan, new appliances, and a spacious living area. The exterior and interior are in good condition, with potential for minor updates to enhance curb appeal and energy efficiency.

Value-add opportunities

• Resale Paint exterior brick facade — Enhances curb appeal and can increase property value
• Resale Replace blinds with more modern or energy-efficient options — Improves home's aesthetic and energy efficiency
• Both Install smart home devices for energy efficiency and convenience — Enhances home's marketability and adds value

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior brick facade — Enhances curb appeal and can increase property value ↑
• Resale Replace blinds with more modern or energy-efficient options — Improves home's aesthetic and energy efficiency ↑
• Both Install smart home devices for energy efficiency and convenience — Enhances home's marketability and adds 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: 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

• County: Lafayette Parish · 207,544 people
• City population: 158,114
• Metro: Lafayette, LA
• Population (ZIP): 20,096
• Household income: $64,049
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 503.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 15%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 4% Spanish 2%

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: ▼ -40.84%
• Current HPI: 156.889
• Rent YoY: —
• 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

+9.4% since first listed

9 events — show timeline

• 2026-04-15 Price Changed $245,000 AcadianaMLS
• 2026-03-06 Listed $252,000 AcadianaMLS
• 2025-12-18 Sold (MLS) $172,500 AcadianaMLS
• 2025-09-18 Pending — AcadianaMLS
• 2025-09-04 Price Changed $216,200 AcadianaMLS
• 2025-07-19 Listed $235,000 AcadianaMLS
• 2024-06-04 Listed $255,000 AcadianaMLS
• 2022-08-26 Sold (MLS) $248,000 AcadianaMLS
• 2022-01-11 Listed $224,000 AcadianaMLS