338 White Pine Dr · Lafayette, LA 70501

$240,000

4 bd · 2.0 ba · 1,706 sqft · SingleFamily · 212 Days on market

Good condition 6,098 sqft lot $141/sqft · at area comps Est $248k · at est. $33/mo HOA · 1% of rent ↓ 1% 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 +20.1/30.0
• ARV discount +8.9/15.0
• DSCR +6.4/10.0
• 1% rule +5.5/10.0
• Rent growth +4.3/5.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Schools +3.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come by today to check out Cedar Creek, a new home community in Lafayette, Louisiana! This popular Lafayette Community, now in its second phase, is conveniently located near Louisiana Avenue and is a short way away from David Thibodeaux STEM Magnet Academy and Acadiana Park. Venture a little further and you're only minutes from 7 Different Private Schools, 2 Charter Schools, the University of Louisiana of Lafayette, and the beautiful Downtown Lafayette. Living here, you will enjoy a sense of community with easy access to many major employers, shopping, dining, and entertainment. While Lafayette has something for everyone to enjoy, it is especially known for its bright culture and delicious food choices! Cedar Creek offers an excellent selection of three, four, and five-bedroom floorplans ranging from 1,447 square feet to 2,772 square feet at an affordable price point. These are well-designed and spacious homes with modern open floor plan designs. The kitchens all have granite island and countertops, tile backsplash, stainless- steel appliances inclusive of gas range, dishwasher, and micro hood, and walk-in pantry. The main bedroom suites have a large walk-in closet and spacious ensuite bath. Our stunning exteriors feature brick elevations with a low maintenance landscape package and fully sodded yards. Cedar Creek homes include energy efficient features throughout to give you peace of mind, D.R. Horton's unrivaled warranties and each come completed with our Smart Home Technology package that includes smart products integrated throughout your home and designed to bring the convenience of life right to your fingertips. Don't miss out on the opportunity to call Cedar Creek home. Schedule your tour today.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Listed 211 days

Tags

• CEDAR CREEK COMMUNITY
• NEAR LOUISIANA AVENUE
• MINUTES FROM 2 CHARTER SCHOOLS
• EASY ACCESS TO MAJOR EMPLOYERS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 4.9% 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.
• Zoned schools: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 74% FRL vs 56% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.3%/yr); 295 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,517/mo this rent would consume 91% of the median local household income ($33k/yr) (locally 18% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 7.3% rent growth), your $67k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 212 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: 1.05% ✓
• Cap rate: 7.78%
• Cash-on-cash: 5.30%
• DSCR: 1.24
• GRM: 7.9

CMA / ARV

• ARV (median comp): $247,750
• List price: $240,000
• Delta: -3.13%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
335 White Pine Dr	0.02mi	4/2.0	1,704 (-0%)	2mo	$237,000	$139	97
423 Starlight Dr	0.20mi	4/2.0	1,700 (-0%)	2mo	$230,000	$135	88
340 White Pine Dr	0.02mi	4/2.0	1,874 (+10%)	0mo	$246,500	$132	82
336 White Pine Dr	0.00mi	3/2.0 (-1)	1,616 (-5%)	5mo	$242,000	$150	82
319 White Pine Dr	0.02mi	3/2.0 (-1)	1,613 (-6%)	4mo	$235,500	$146	82
333 White Pine Dr	0.02mi	3/2.0 (-1)	1,613 (-6%)	4mo	$235,000	$146	82
1104 E Alexander St	0.25mi	3/2.0 (-1)	1,713 (+0%)	2mo	$175,000	$102	81
323 White Pine Dr	0.02mi	4/2.0	1,874 (+10%)	2mo	$249,000	$133	81
328 White Pine Dr	0.02mi	4/2.0	1,874 (+10%)	2mo	$254,500	$136	81
216 Begnaud Dr	0.54mi	3/2.0 (-1)	1,607 (-6%)	1mo	$225,000	$140	59
102 Kingswood Dr	0.60mi	3/2.0 (-1)	1,775 (+4%)	6mo	$215,000	$121	55
106 Kingswood Dr	0.58mi	3/2.0 (-1)	1,576 (-8%)	4mo	$169,000	$107	52

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 · 7.35% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.87×
• Total profit: $-8,434
• Equity at exit: $35,785

10-year hold

• IRR: 10.9%
• Equity multiple: 2.02×
• Total profit: $68,850
• Equity at exit: $20,751

Cash invested: $67,200 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 27 active · 15 under contract
• Months of supply: 10.8 mo (9%/mo absorbed)
• Median asking: $238,500 ($134/sqft)
• Median days on market: 121 d
• This list price: 56% of active listings are priced below it
• ARV vs active asking: +8.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70501

• Rents YoY: 7.3%
• Active inventory: 295
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,259
• Tax est. 1.5%: −$300 /mo · $3,600/yr
• Insurance: −$100
• HOA: −$33
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $297

Break-even live

Break-even rent $2,141

Max offer price $240,000

Occupancy floor 83%

Sensitivity live

Price	-10% $463	-5% $380	+0% $297	+5% $214	+10% $131
Rent	-10% $98	-5% $197	+0% $297	+5% $396	+10% $496
Rate	-1.0pp $418	-0.5pp $358	base $297	+0.5pp $235	+1.0pp $171

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: $60,000
• Closing costs: $7,200
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	62d	1	0.10mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	62d	1	0.27mi

HOA detail $33/mo · $396/yr

• Likely covers: gas

Listing history 50 events

1. 2026-08-08
   days on market $240,000 Active 212 DOM
2. 2026-08-07
   days on market $240,000 Active 211 DOM
3. 2026-08-06
   days on market $240,000 Active 210 DOM
4. 2026-08-05
   days on market $240,000 Active 209 DOM
5. 2026-08-04
   days on market $240,000 Active 208 DOM
6. 2026-08-03
   days on market $240,000 Active 207 DOM
7. 2026-07-31
   days on market $240,000 Active 204 DOM
8. 2026-07-30
   days on market $240,000 Active 203 DOM
9. 2026-07-29
   days on market $240,000 Active 202 DOM
10. 2026-07-27
    days on market $240,000 Active 200 DOM
11. 2026-07-23
    days on market $240,000 Active 196 DOM
12. 2026-07-22
    days on market $240,000 Active 195 DOM
13. 2026-07-21
    days on market $240,000 Active 194 DOM
14. 2026-07-18
    days on market $240,000 Active 191 DOM
15. 2026-07-16
    days on market $240,000 Active 189 DOM
16. 2026-07-16
    days on market $240,000 Active 188 DOM
17. 2026-07-14
    days on market $240,000 Active 187 DOM
18. 2026-07-13
    days on market $240,000 Active 186 DOM
19. 2026-07-12
    days on market $240,000 Active 185 DOM
20. 2026-07-11
    days on market $240,000 Active 184 DOM
21. 2026-07-10
    days on market $240,000 Active 183 DOM
22. 2026-07-09
    days on market $240,000 Active 182 DOM
23. 2026-07-08
    days on market $240,000 Active 181 DOM
24. 2026-07-07
    days on market $240,000 Active 180 DOM
25. 2026-07-06
    days on market $240,000 Active 179 DOM
26. 2026-07-05
    days on market $240,000 Active 178 DOM
27. 2026-07-04
    days on market $240,000 Active 177 DOM
28. 2026-07-03
    days on market $240,000 Active 176 DOM
29. 2026-07-02
    days on market $240,000 Active 175 DOM
30. 2026-07-01
    days on market $240,000 Active 174 DOM
31. 2026-06-30
    days on market $240,000 Active 173 DOM
32. 2026-06-29
    days on market $240,000 Active 172 DOM
33. 2026-06-28
    days on market $240,000 Active 171 DOM
34. 2026-06-28
    days on market $240,000 Active 170 DOM
35. 2026-06-27
    days on market $240,000 Active 169 DOM
36. 2026-06-25
    days on market $240,000 Active 167 DOM
37. 2026-06-23
    days on market $240,000 Active 165 DOM
38. 2026-06-21
    days on market $240,000 Active 164 DOM
39. 2026-06-18
    days on market $240,000 Active 161 DOM
40. 2026-06-17
    days on market $240,000 Active 160 DOM
41. 2026-06-16
    days on market $240,000 Active 159 DOM
42. 2026-06-15
    days on market $240,000 Active 158 DOM
43. 2026-06-14
    days on market $240,000 Active 156 DOM
44. 2026-06-13
    days on market $240,000 Active 155 DOM
45. 2026-06-10
    days on market $240,000 Active 153 DOM
46. 2026-06-09
    days on market $240,000 Active 152 DOM
47. 2026-06-08
    days on market $240,000 Active 151 DOM
48. 2026-06-07
    days on market $240,000 Active 150 DOM
49. 2026-06-05
    days on market $240,000 Active 147 DOM
50. 2026-06-03
    days on market $240,000 Active 146 DOM

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥109°F today · 18 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: $30,203
• − Mortgage interest: −$13,444
• − Property taxes: −$3,600
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − HOA: −$396
• − Depreciation: −$6,982
• Taxable loss: −$251
• Est. tax savings @ 24.0%: +$60
• After-tax cash flow: $3,621/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 None rehab

This home is in excellent condition with a good condition score of 80. It is move-in ready and has a good curb appeal. The highest-ROI updates would be painting the exterior and interior walls, landscaping improvements, adding smart home features, and upgrading the kitchen appliances.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
• Both Adding smart home features — Smart home features can increase property value and attract tech-savvy buyers/tenants. ↑
• Both Upgrading the kitchen appliances — Modern appliances can make the kitchen more functional and attractive to potential buyers/tenants. ↑

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary J. Wallace James Elementary School D LA #147/646 Nat'l #14,382/41,679 Middle Paul Breaux Middle School F LA #100/218 Nat'l #7,937/14,009 High Northside High School F LA #186/265 Nat'l #14,491/17,239

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

B Composite livability gradescore 70/100

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 · 280,930 people
• City population: 158,114
• Metro: Lafayette, LA
• Population (ZIP): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 18% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 18% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 2%

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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: ▼ -108.63%
• Current HPI: 81.2963
• Rent YoY: ▲ 7.35%
• Metro: Lafayette, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

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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

-1.0% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $247,500 AcadianaMLS
• 2026-05-05 Relisted — AcadianaMLS
• 2026-04-07 Pending — AcadianaMLS
• 2026-04-07 Relisted — AcadianaMLS
• 2026-03-31 Pending — AcadianaMLS
• 2025-12-04 Listed $250,000 AcadianaMLS