222 Louise Dr · Lafayette, LA 70506

$269,000

4 bd · 2.0 ba · 2,393 sqft · SingleFamily public records · 32 Days on market

Built 1958 0.36 ac lot $112/sqft · 25% below area Est $360k · 25% under

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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 +8.7/30.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRIGHT AND OPEN SAINT STREET HOME LOCATED ON A QUIET STREET. BOASTING UPDATED CERAMIC TILE COUNTERTOPS AND TERRAZO FLOORS IN THE KITCHEN, STAINED CONCRETE IN THE FORMAL DINING, SPACIOUS KEEPING AREA, MODERN UPDATED PAINT COLORS, LARGE BACKYARD AND MORE! THE ROOF IS 2 YEARS OLD; ALL WINDOWS ARE 1 YR OLD; APPLIANCES, 3YRS OLD. MUST SEE TO APPRECIATE.

Key facts

• 0.36 acre lot
• 2 garage spots
• Built 1958

Property features AI

Exterior

• Parking: 2 parking spaces; 2 covered spaces (garage)
• Utilities: Gas service by Atmos; Public sewer; City electric
• Home design: Single-family residence; City street frontage; Residential zoning
• Construction: Brick veneer and frame construction; Composition roof
• Exterior features: Outdoor lighting; Covered patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric stove connection; Gas stove connection; Microwave
• Flooring: Carpet; Stained/Scored concrete; Tile; Wood; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Built-in features; Separate shower; Tile counters; Interior lighting

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $-226 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (14.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $187k (30.4% below list).
• Recommended offer: $187k (30.4% 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: L.J. Alleman Middle School (math 48% / reading 56%, grade C+, #23 of 218 statewide, top 10%, 952 students, 54% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents rising fast (+4.1%/yr); 413 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 39% of the median local income ($57k/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 $8k 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 32 days — a 3% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago 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.
• Current owner paid $175k; list at $269k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $187,259 (30.4% 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 32 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. 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: 0.70% ✗
• Cap rate: 5.28%
• Cash-on-cash: -3.60%
• DSCR: 0.84
• GRM: 12.0

CMA / ARV

• ARV (median comp): $360,426
• List price: $269,000
• Delta: -25.37%
• 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
1203 Jeanne St	0.16mi	3/2.0 (-1)	2,341 (-2%)	4mo	$280,000	$120	81
1709 W University Ave	0.44mi	4/2.0	2,330 (-3%)	1mo	$259,900	$112	75
103 Brookside Dr	0.27mi	3/2.0 (-1)	2,375 (-1%)	10mo	$256,000	$108	72
104 Memory Ln	0.21mi	4/2.0	2,564 (+7%)	12mo	$330,000	$129	69
1218 Myrtle Pl	0.31mi	3/2.5 (-1)	2,540 (+6%)	4mo	$375,000	$148	66
309 Evangeline Dr	0.53mi	4/2.5	2,282 (-5%)	1mo	$255,000	$112	65
625 Saint Louis St	0.52mi	4/3.0	2,346 (-2%)	8mo	$390,000	$166	62
1411 W St Mary Blvd	0.42mi	3/3.0 (-1)	2,449 (+2%)	9mo	$362,000	$148	60
1703 W University Ave	0.44mi	3/2.0 (-1)	2,252 (-6%)	12mo	$288,000	$128	55
903 Myrtle Pl	0.39mi	3/2.0 (-1)	2,093 (-12%)	8mo	$306,000	$146	49
111 Delmar Ln	0.67mi	3/2.5 (-1)	2,188 (-9%)	0mo	$190,000	$87	47
1635 Myrtle Pl	0.37mi	3/2.0 (-1)	2,073 (-13%)	12mo	$305,000	$147	45

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 · 4.12% rent growth · sell at horizon

5-year hold

• IRR: -21.3%
• Equity multiple: 0.26×
• Total profit: $-55,916
• Equity at exit: $40,109

10-year hold

• IRR: -12.7%
• Equity multiple: 0.22×
• Total profit: $-58,536
• Equity at exit: $23,258

Cash invested: $75,320 (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 70506

• Home prices YoY: -34.8%
• Rents YoY: 4.1%
• Active inventory: 413
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,873 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$183 /mo · $2,191/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $-226

Break-even live

Break-even rent $2,159

Max offer price $229,076

Occupancy floor —

Sensitivity live

Price	-10% $-74	-5% $-150	+0% $-226	+5% $-302	+10% $-378
Rent	-10% $-374	-5% $-300	+0% $-226	+5% $-152	+10% $-78
Rate	-1.0pp $-91	-0.5pp $-158	base $-226	+0.5pp $-296	+1.0pp $-367

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
903 Myrtle Pl Lafayette, LA	3.0	2.0	2093	$2,000	$0.96	22d	1	0.38mi
1312 W University Ave Lafayette, LA	3.0	2.0	1700	$1,300	$0.76	44d	1	0.59mi
517 Saint Patrick St Lafayette, LA	3.0	2.0	1600	$1,650	$1.03	22d	1	0.61mi
215 Versailles Blvd Unit 3 Lafayette, LA	3.0	2.0	1800	$1,675	$0.93	22d	1	0.69mi
244 N College Rd Lafayette, LA	3.0	2.0	1721	$2,000	$1.16	44d	1	1.13mi
119 Saint Julien Ave Lafayette, LA	4.0	3.0	1600	$1,785	$1.12	44d	1	1.17mi
228 Amelia St Lafayette, LA	3.0	1.5	1796	$2,300	$1.28	22d	1	1.17mi
121 Oakcrest Dr Lafayette, LA	3.0	2.0	1695	$1,700	$1.00	22d	1	1.33mi

Listing history 21 events

1. 2026-06-21
   days on market $269,000 Active 32 DOM
2. 2026-06-18
   days on market $269,000 Active 29 DOM
3. 2026-06-17
   days on market $269,000 Active 28 DOM
4. 2026-06-16
   days on market $269,000 Active 27 DOM
5. 2026-06-15
   days on market $269,000 Active 26 DOM
6. 2026-06-14
   days on market $269,000 Active 24 DOM
7. 2026-06-13
   days on market $269,000 Active 23 DOM
8. 2026-06-10
   days on market $269,000 Active 21 DOM
9. 2026-06-09
   days on market $269,000 Active 20 DOM
10. 2026-06-08
    days on market $269,000 Active 19 DOM
11. 2026-06-07
    days on market $269,000 Active 18 DOM
12. 2026-06-05
    days on market $269,000 Active 15 DOM
13. 2026-06-03
    days on market $269,000 Active 14 DOM
14. 2026-06-02
    days on market $269,000 Active 13 DOM
15. 2026-06-01
    days on market $269,000 Active 12 DOM
16. 2026-05-31
    days on market $269,000 Active 11 DOM
17. 2026-05-30
    days on market $269,000 Active 10 DOM
18. 2005-06-15
    soldstatus $175,000 350-char remark

    Show marketing remark (350 chars)

    BRIGHT AND OPEN SAINT STREET HOME LOCATED ON A QUIET STREET. BOASTING UPDATED CERAMIC TILE COUNTERTOPS AND TERRAZO FLOORS IN THE KITCHEN, STAINED CONCRETE IN THE FORMAL DINING, SPACIOUS KEEPING AREA, MODERN UPDATED PAINT COLORS, LARGE BACKYARD AND MORE! THE ROOF IS 2 YEARS OLD; ALL WINDOWS ARE 1 YR OLD; APPLIANCES, 3YRS OLD. MUST SEE TO APPRECIATE.

19. 2005-04-12
    listed $183,900 350-char remark

    Show marketing remark (350 chars)

    BRIGHT AND OPEN SAINT STREET HOME LOCATED ON A QUIET STREET. BOASTING UPDATED CERAMIC TILE COUNTERTOPS AND TERRAZO FLOORS IN THE KITCHEN, STAINED CONCRETE IN THE FORMAL DINING, SPACIOUS KEEPING AREA, MODERN UPDATED PAINT COLORS, LARGE BACKYARD AND MORE! THE ROOF IS 2 YEARS OLD; ALL WINDOWS ARE 1 YR OLD; APPLIANCES, 3YRS OLD. MUST SEE TO APPRECIATE.

20. 2002-01-25
    soldstatus $122,500

    Show marketing remark (180 chars)

    GREAT HOUSE ON LARGE TREED LOT. GREAT CONDITION. NEEDS UPDATING, EXTRA ROOM COULD BE 4TH BEDROOM OR TV/PLAY ROOM. LARGE BEDROOMS, LOTS OF STORAGE COVERED PATIO. TERRAZO FLOOR PLAN.

21. 2001-09-12
    listed $142,000

    Show marketing remark (180 chars)

    GREAT HOUSE ON LARGE TREED LOT. GREAT CONDITION. NEEDS UPDATING, EXTRA ROOM COULD BE 4TH BEDROOM OR TV/PLAY ROOM. LARGE BEDROOMS, LOTS OF STORAGE COVERED PATIO. TERRAZO FLOOR PLAN.

ⓘ 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: $2,191 · $183/mo
• Projected year-2 tax: $2,191 · $183/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 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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: $22,471
• − Mortgage interest: −$15,068
• − Property taxes: −$2,191
• − Insurance: −$1,345
• − Repairs & maintenance: −$1,798
• − Management: −$1,798
• − Depreciation: −$7,825
• Taxable loss: −$7,554
• Est. tax savings @ 24.0%: +$1,813
• After-tax cash flow: $-899/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): 42,318
• Household income: $57,379
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 2095.0

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 0.58)
• Race & ethnicity: White 60% Black 20% Hispanic / Latino 13% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 18% Armenian 1% Slovak 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 9% French/Haitian/Cajun 3% Vietnamese 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: ▼ -75.28%
• Current HPI: 140.8445
• Rent YoY: ▲ 4.12%
• 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

+89.4% since first listed

5 events — show timeline

• 2026-05-20 Listed $269,000 AcadianaMLS
• 2005-06-15 Sold (MLS) $175,000 AcadianaMLS
• 2005-04-12 Listed $183,900 AcadianaMLS
• 2002-01-25 Sold (MLS) $122,500 AcadianaMLS
• 2001-09-12 Listed $142,000 AcadianaMLS

Property tax history

+6.6%/yr

Latest (2025): $2,191 · -1.1% YoY. Source: county tax records.