121 Evelyn Dr · Lafayette, LA 70506

$79,900

2 bd · 1.0 ba · 1,059 sqft · SingleFamily public records · 13 Days on market

Built 1972 5,662 sqft lot Est $130k · 39% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 121 Evelyn, is a 2-bedroom, 1-bathroom rental home nestled in the heart of Lafayette's sought after area. With a interior spanning 1,056 square feet, this property boasts comfortable living spaces perfect for a small family or professionals seeking proximity to ULL. Currently tenant-occupied, this home offers immediate rental income, making it an ideal addition to your investment portfolio. Monthly Rental income is $900.

Key facts

• 5,662 sq ft lot
• Parking
• Listed 13 days

Property features AI

Exterior

• Parking: Open parking
• Utilities: Public sewer; City electric
• Home design: Single family residence; Fixer condition
• Construction: Frame construction; Asbestos siding; Composition roof
• Exterior features: Privacy wood fencing; Covered, enclosed and open porch/patio areas; City street frontage (paved)

Interior

• Kitchen: Dishwasher; Microwave; Electric stove/oven
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Beamed ceilings; Crown molding; Formica counters; Handicap accessible features
• Laundry & utility: Washer hookup; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $79,900 price doesn't fit this home's estimated sale value (~$130,257) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 12.1% 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: Westside Elementary School (math 32% / reading 34%, grade F, #297 of 646 statewide, top 46%, 635 students, 72% FRL); Scott Middle School (math 20% / reading 28%, grade F, #143 of 218 statewide, top 65%, 559 students, 65% FRL); Acadiana High School (math 31% / reading 29%, grade F, #125 of 265 statewide, top 47%, 1,813 students, 56% FRL).
• Zoned-school proficiency averages 29% at this address vs 42% district-wide (-13 pts) — the specific schools serving this property underperform the Lafayette Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.1%/yr); 404 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 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.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 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.

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 $79,900

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.44% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.66%
• DSCR: 1.92
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $130,257
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
127 Woodrow St	0.10mi	2/1.0	971 (-8%)	1mo	$123,000	$127	80
113 Saint Jules St	0.26mi	3/1.0 (+1)	1,071 (+1%)	4mo	$130,000	$121	78
121 Hector St	0.13mi	3/1.0 (+1)	1,093 (+3%)	23mo	$134,500	$123	64
216 Longview Dr	0.10mi	2/1.0	930 (-12%)	14mo	$125,000	$134	63
121 Woodrow St	0.10mi	2/1.0	949 (-10%)	20mo	$62,500	$66	61
205 Jimmie St	0.27mi	2/1.0	1,141 (+8%)	24mo	$79,700	$70	55
101 Rayland St Unit C	0.20mi	3/2.0 (+1)	1,203 (+14%)	5mo	$174,900	$145	54
109 S Pat St	0.65mi	3/2.0 (+1)	1,080 (+2%)	7mo	$165,500	$153	52
303 Thelma Dr	0.23mi	3/1.0 (+1)	1,210 (+14%)	21mo	$51,000	$42	43
111 Georgette St	0.63mi	3/1.0 (+1)	940 (-11%)	21mo	$89,000	$95	30

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: 14.2%
• Equity multiple: 1.58×
• Total profit: $12,898
• Equity at exit: $11,913

10-year hold

• IRR: 23.8%
• Equity multiple: 3.16×
• Total profit: $48,332
• Equity at exit: $6,908

Cash invested: $22,372 (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: 404
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,152 high
• Mortgage (P&I): −$419
• Tax from tax record: −$72 /mo · $868/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $385

Break-even live

Break-even rent $664

Max offer price $79,900

Occupancy floor 62%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Woodrow St Lafayette, LA	2.0	1.0	971	$1,200	$1.24	13d	1	0.09mi
133 Woodrow St Unit A Lafayette, LA	2.0	1.0	930	$1,050	$1.13	21d	1	0.09mi
208 Thelma Dr Lafayette, LA	2.0	1.0	1200	$1,200	$1.00	13d	1	0.22mi
113 Thelma Dr Lafayette, LA	2.0	1.0	980	$1,050	$1.07	13d	1	0.26mi
113 Thelma Dr Lafayette, LA	2.0	1.0	980	$1,100	$1.12	44d	1	0.26mi
90 N Luke St Lafayette, LA	1.0–2.0	1.0–1.5	775	$925	$1.19	44d	1	0.68mi
411 Dulles Dr Lafayette, LA	1.0–3.0	1.0–3.0	1107	$1,164	$1.05	13d	23	0.99mi
100 Charolais St Unit B Lafayette, LA	2.0	2.0	1171	$1,100	$0.94	13d	1	1.00mi
111 Dora St Lafayette, LA	3.0	1.0	1000	$750	$0.75	44d	1	1.08mi
111 Sternberg Dr Lafayette, LA	3.0	2.0	1050	$900	$0.86	44d	1	1.17mi
914 Saint Patrick St Lafayette, LA	2.0	1.0	1200	$1,295	$1.08	44d	1	1.37mi
406 Silkwood St Unit D Lafayette, LA	2.0	1.0	800	$850	$1.06	44d	1	1.40mi
715 Marie Antoinette St Lafayette, LA	1.0–2.0	1.0–2.0	900	$990	$1.10	44d	5	1.42mi
1501 W Saint Mary Blvd Unit B Lafayette, LA	2.0	1.0	832	$1,000	$1.20	13d	1	1.46mi
655 Marie Antoinette St Lafayette, LA	1.0–2.0	1.0–2.0	900	$1,196	$1.33	13d	14	1.50mi

Listing history 11 events

1. 2026-06-18
   days on market $79,900 Active 13 DOM
2. 2026-06-17
   days on market $79,900 Active 12 DOM
3. 2026-06-16
   days on market $79,900 Active 11 DOM
4. 2026-06-15
   days on market $79,900 Active 10 DOM
5. 2026-06-14
   days on market $79,900 Active 8 DOM
6. 2026-06-13
   days on market $79,900 Active 7 DOM
7. 2026-06-10
   days on market $79,900 Active 5 DOM
8. 2026-06-09
   days on market $79,900 Active 4 DOM
9. 2026-06-08
   days on market $79,900 Active 3 DOM
10. 2026-06-07
    remarks 435-char remark
11. 2026-06-07
    listed $79,900 Active 2 DOM

ⓘ 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: $868 · $72/mo
• Projected year-2 tax: $868 · $72/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,819
• − Mortgage interest: −$4,476
• − Property taxes: −$868
• − Insurance: −$400
• − Repairs & maintenance: −$1,106
• − Management: −$1,106
• − Depreciation: −$2,324
• Taxable income: $3,541
• Est. tax owed @ 24.0%: −$850
• After-tax cash flow: $3,772/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

+61.4% since first listed

10 events — show timeline

• 2026-06-05 Listed $79,900 AcadianaMLS
• 2025-03-24 Relisted — AcadianaMLS
• 2024-03-21 Listed $355,000 AcadianaMLS
• 2024-03-21 Listed $100,000 AcadianaMLS
• 2017-06-09 Sold (Public Records) $85,000 Public Records
• 2017-06-09 Sold (MLS) $85,000 AcadianaMLS
• 2017-03-30 Listed $89,000 AcadianaMLS
• 2017-03-06 Listed $95,000 AcadianaMLS
• 2007-06-20 Sold (Public Records) — Public Records
• 2001-02-18 Listed $49,500 AcadianaMLS

Property tax history

+25.2%/yr

Latest (2025): $868 · -1.1% YoY. Source: county tax records.