104 E Shamrock Dr · Lafayette, LA 70508

$199,900

3 bd · 2.0 ba · 1,978 sqft · SingleFamily public records · 209 Days on market

Built 1960 0.76 ac lot $101/sqft · 28% below area Est $276k · 28% under ↓ 27% 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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.4/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 2-bath home offers nearly 1,978 sqft of living space on a massive .76-acre lot in the heart of Lafayette. Tucked away in a quiet neighborhood off Kaliste Saloom, directly across from St. Pius Church, flood zone X. The property sits on a dead-end street with no through traffic. Inside, you'll find a spacious layout with room to entertain. While outside, the oversized lot provides endless possibilities for a pool, workshop, or future expansion. Just a short walk from Veterans Park, enjoy access to a pond with a small dock, picnic areas, playground, and a memorial honoring Vietnam veterans from Acadiana -- all while being only minutes from shopping, dining, and city conveniences. Local Amenities: Walmart: 1.5 miles, Target: 3 miles, Lafayette General Hospital: 2.1 miles

Key facts

• 0.76 acre lot
• 2 parking spots
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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.
• Zoned schools: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Paul Breaux Middle School (math 30% / reading 37%, grade F, #100 of 218 statewide, top 47%, 680 students, 68% FRL); O. Comeaux High School (math 38% / reading 40%, grade F, #86 of 265 statewide, top 33%, 1,098 students, 56% FRL).
• Market conditions: Rents rising (+1.2%/yr); 473 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 209 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 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 1960 — 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. 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: 1.04% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 8.0

CMA / ARV

• ARV (median comp): $275,966
• List price: $199,900
• Delta: -27.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 Kings Cove Cir	0.33mi	3/2.0	1,985 (+0%)	10mo	$303,000	$153	76
123 Fanny St	0.47mi	3/2.0	2,008 (+2%)	3mo	$330,000	$164	73
137 Kingspointe Cir	0.20mi	3/3.0	1,884 (-5%)	10mo	$287,000	$152	71
13 Heatherstone Dr	0.46mi	3/2.0	1,995 (+1%)	9mo	$290,000	$145	70
516 Kings Cove Cir	0.44mi	3/2.0	1,875 (-5%)	4mo	$297,000	$158	67
210 Chastant Blvd	0.68mi	3/2.0	1,941 (-2%)	1mo	$290,000	$149	64
302 Harbor Bend Blvd Unit D	0.32mi	3/2.0	1,750 (-12%)	6mo	$267,000	$153	61
97 Wentworth Blvd	0.53mi	3/2.0	1,805 (-9%)	2mo	$220,000	$122	59
101 Fanny St	0.38mi	3/2.5	1,727 (-13%)	1mo	$192,500	$111	58
103 Sunswept Bridge Dr	0.34mi	3/2.0	1,746 (-12%)	9mo	$262,500	$150	58
303 Estainville Ave	0.75mi	3/2.0	1,813 (-8%)	2mo	$245,000	$135	50
405 Cobblestone Rd	0.41mi	3/2.5	2,257 (+14%)	7mo	$366,000	$162	49

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 · 1.23% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-16,726
• Equity at exit: $29,806

10-year hold

• IRR: -1.2%
• Equity multiple: 0.93×
• Total profit: $-4,119
• Equity at exit: $17,284

Cash invested: $55,972 (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 70508

• Home prices YoY: -34.7%
• Rents YoY: 1.2%
• Active inventory: 473
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,085 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$212 /mo · $2,546/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $303

Break-even live

Break-even rent $1,701

Max offer price $199,900

Occupancy floor 80%

Sensitivity live

Price	-10% $416	-5% $360	+0% $303	+5% $247	+10% $190
Rent	-10% $138	-5% $221	+0% $303	+5% $385	+10% $468
Rate	-1.0pp $404	-0.5pp $354	base $303	+0.5pp $251	+1.0pp $199

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Harbor Bend Blvd Lafayette, LA	3.0	2.0	1650	$1,595	$0.97	45d	1	0.29mi
122 S Beadle Rd Lafayette, LA	3.0	2.0	1500	$1,500	$1.00	45d	1	0.38mi
207 Summerland Key Ln Lafayette, LA	4.0	3.0	2018	$2,350	$1.16	46d	1	0.42mi
13 Heatherstone Dr Lafayette, LA	3.0	2.0	1995	$2,800	$1.40	22d	1	0.47mi
131 Fanny St Lafayette, LA	3.0	2.0	1906	$2,200	$1.15	45d	1	0.54mi
210 Polly Ln Lafayette, LA	1.0–3.0	1.0–2.0	1064	$1,686	$1.58	15d	23	0.55mi
404 Highland Oaks Ln Lafayette, LA	2.0	2.5	1387	$1,895	$1.37	45d	1	0.78mi
502 Highland Oaks Ln Unit A Lafayette, LA	3.0	2.5	1500	$2,750	$1.83	45d	1	0.78mi
113 Templeton Dr Lafayette, LA	3.0	2.5	2050	$3,000	$1.46	45d	1	0.86mi
102 Orchard Park Ave Lafayette, LA	4.0	3.0	2464	$4,200	$1.70	15d	1	1.09mi
1510 Kaliste Saloom Rd #404 Lafayette, LA	3.0	2.5	1398	$4,000	$2.86	45d	1	1.12mi
418 Marguerite Blvd Lafayette, LA	3.0	2.0	2107	$2,400	$1.14	22d	1	1.17mi
104 Avalon St Lafayette, LA	3.0	2.0	1895	$1,800	$0.95	45d	1	1.21mi
1521 Camellia Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1246	$2,342	$1.88	15d	16	1.34mi
104 shirekeep Ln Lafayette, LA	2.0	2.5	1311	$1,985	$1.51	15d	1	1.37mi
104 shirekeep Ln Lafayette, LA	2.0	2.5	1311	$2,075	$1.58	45d	1	1.37mi
304 Barataria Bay Pt Lafayette, LA	3.0	2.5	1712	$1,800	$1.05	45d	1	1.43mi
303 Barataria Bay Pt Lafayette, LA	3.0	2.5	1556	$1,850	$1.19	15d	1	1.44mi
201 Settlers Trace Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1024	$1,848	$1.80	15d	12	1.45mi
110 W Bayou Pkwy #102 Lafayette, LA	2.0	1.5	1356	$1,400	$1.03	15d	1	1.47mi

Listing history 16 events

1. 2026-06-08
   status $199,900 Pending 209 DOM
2. 2026-06-07
   days on market $199,900 Active 209 DOM
3. 2026-06-05
   days on market $199,900 Active 206 DOM
4. 2026-06-03
   days on market $199,900 Active 205 DOM
5. 2026-06-02
   days on market $199,900 Active 204 DOM
6. 2026-06-01
   days on market $199,900 Active 203 DOM
7. 2026-05-31
   days on market $199,900 Active 202 DOM
8. 2026-05-30
   days on market $199,900 Active 201 DOM
9. 2026-05-02
   price $199,900 802-char remark

   Show marketing remark (802 chars)

   This charming 3-bedroom, 2-bath home offers nearly 1,978 sqft of living space on a massive .76-acre lot in the heart of Lafayette. Tucked away in a quiet neighborhood off Kaliste Saloom, directly across from St. Pius Church, flood zone X. The property sits on a dead-end street with no through traffic. Inside, you'll find a spacious layout with room to entertain. While outside, the oversized lot provides endless possibilities for a pool, workshop, or future expansion. Just a short walk from Veterans Park, enjoy access to a pond with a small dock, picnic areas, playground, and a memorial honoring Vietnam veterans from Acadiana -- all while being only minutes from shopping, dining, and city conveniences. Local Amenities: Walmart: 1.5 miles, Target: 3 miles, Lafayette General Hospital: 2.1 miles

10. 2026-01-09
    price $209,900 802-char remark

    Show marketing remark (802 chars)

    This charming 3-bedroom, 2-bath home offers nearly 1,978 sqft of living space on a massive .76-acre lot in the heart of Lafayette. Tucked away in a quiet neighborhood off Kaliste Saloom, directly across from St. Pius Church, flood zone X. The property sits on a dead-end street with no through traffic. Inside, you'll find a spacious layout with room to entertain. While outside, the oversized lot provides endless possibilities for a pool, workshop, or future expansion. Just a short walk from Veterans Park, enjoy access to a pond with a small dock, picnic areas, playground, and a memorial honoring Vietnam veterans from Acadiana -- all while being only minutes from shopping, dining, and city conveniences. Local Amenities: Walmart: 1.5 miles, Target: 3 miles, Lafayette General Hospital: 2.1 miles

11. 2025-11-10
    listed $219,900 Active 802-char remark

    Show marketing remark (802 chars)

    This charming 3-bedroom, 2-bath home offers nearly 1,978 sqft of living space on a massive .76-acre lot in the heart of Lafayette. Tucked away in a quiet neighborhood off Kaliste Saloom, directly across from St. Pius Church, flood zone X. The property sits on a dead-end street with no through traffic. Inside, you'll find a spacious layout with room to entertain. While outside, the oversized lot provides endless possibilities for a pool, workshop, or future expansion. Just a short walk from Veterans Park, enjoy access to a pond with a small dock, picnic areas, playground, and a memorial honoring Vietnam veterans from Acadiana -- all while being only minutes from shopping, dining, and city conveniences. Local Amenities: Walmart: 1.5 miles, Target: 3 miles, Lafayette General Hospital: 2.1 miles

12. 2024-08-01
    price $238,900
13. 2024-06-17
    listed $250,000 Active
14. 2024-04-09
    price $249,950
15. 2024-01-16
    price $265,000
16. 2023-11-10
    listed $275,000 Active

ⓘ 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: $2,546 · $212/mo
• Projected year-2 tax: $2,546 · $212/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,016
• − Mortgage interest: −$11,198
• − Property taxes: −$2,546
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,001
• − Management: −$2,001
• − Depreciation: −$5,815
• Taxable income: $455
• Est. tax owed @ 24.0%: −$109
• After-tax cash flow: $3,528/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): 40,592
• Household income: $86,005
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 1860.0

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 (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 20% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 2% 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: ▼ -76.28%
• Current HPI: 143.6305
• Rent YoY: ▲ 1.23%
• 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

-27.3% since first listed

8 events — show timeline

• 2026-05-02 Price Changed $199,900 AcadianaMLS
• 2026-01-09 Price Changed $209,900 AcadianaMLS
• 2025-11-10 Listed $219,900 AcadianaMLS
• 2024-08-01 Price Changed $238,900 AcadianaMLS
• 2024-06-17 Listed $250,000 AcadianaMLS
• 2024-04-09 Price Changed $249,950 AcadianaMLS
• 2024-01-16 Price Changed $265,000 AcadianaMLS
• 2023-11-10 Listed $275,000 AcadianaMLS

Property tax history

+10.2%/yr

Latest (2025): $2,546 · -1.1% YoY. Source: county tax records.