627 Teurlings Dr · Lafayette, LA 70501

$69,900

3 bd · 1.5 ba · 1,282 sqft · SingleFamily · 217 Days on market

1.36 ac lot $55/sqft · 69% below area ↓ 56% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

Key facts

• New wiring
• 1.3 acre lot
• 1.36 acre lot

Tags

• 1.3 ACRE LOT
• NEW WIRING
• CLOSED PLUMBING CONNECTIONS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.8% 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.
• Market conditions: Rents rising fast (+7.3%/yr); 246 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $1,401/mo this rent would consume 50% of the median local household income ($33k/yr) (locally 2089% 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 $483 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 + 7.3% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $21k (23%) 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 $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.00% ✓
• Cap rate: 16.79%
• Cash-on-cash: 37.51%
• DSCR: 2.67
• GRM: 4.2

CMA / ARV

• ARV (median comp): $223,655
• List price: $69,900
• Delta: -68.75%
• 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
106 Dogwood Dr	0.21mi	3/2.0	1,350 (+5%)	10mo	$160,000	$119	72
103 Calais St	0.30mi	3/1.5	1,182 (-8%)	7mo	$139,500	$118	68
301 Venus Dr	0.53mi	3/2.0	1,170 (-9%)	0mo	$150,000	$128	58
311 Grossie Dr	0.72mi	3/2.0	1,280 (-0%)	11mo	$117,000	$91	55
119 Terry Dr	0.70mi	3/2.0	1,398 (+9%)	1mo	$165,000	$118	50
334 White Pine Dr	0.50mi	3/2.0	1,447 (+13%)	6mo	$228,000	$158	48
331 White Pine Dr	0.52mi	3/2.0	1,447 (+13%)	6mo	$224,500	$155	47
322 White Pine Dr	0.52mi	3/2.0	1,447 (+13%)	6mo	$228,000	$158	47
1230 E Alexander St	0.60mi	2/2.0 (-1)	1,157 (-10%)	2mo	$162,000	$140	47
1204 E Alexander St	0.56mi	3/2.0	1,423 (+11%)	11mo	$145,000	$102	45
317 White Pine Dr	0.52mi	3/2.0	1,447 (+13%)	10mo	$224,500	$155	44
253 Sherwood Dr	0.74mi	2/1.0 (-1)	1,173 (-8%)	4mo	$102,500	$87	41

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: 38.4%
• Equity multiple: 2.74×
• Total profit: $34,065
• Equity at exit: $10,422

10-year hold

• IRR: 47.0%
• Equity multiple: 6.55×
• Total profit: $108,685
• Equity at exit: $6,044

Cash invested: $19,572 (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 70501

• Rents YoY: 7.3%
• Active inventory: 246
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,401 high
• Mortgage (P&I): −$367
• Tax from tax record: −$99 /mo · $1,193/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $612

Break-even live

Break-even rent $627

Max offer price $69,900

Occupancy floor 51%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	13d	1	0.45mi
610 Sunset Dr Lafayette, LA	2.0	1.0	1000	$800	$0.80	43d	1	0.62mi
2820 Louisiana Ave Lafayette, LA	1.0–2.0	1.0–2.0	821	$1,145	$1.39	13d	20	0.86mi
2826 Louisiana Ave #907 Lafayette, LA	2.0	2.5	1100	$950	$0.86	21d	1	0.89mi
2826 Louisiana Ave #1111 Lafayette, LA	2.0	2.0	1140	$1,200	$1.05	44d	1	0.89mi
2830 Louisiana Ave #6 Lafayette, LA	2.0	1.5	1100	$950	$0.86	13d	1	0.98mi
319 Tissington St Lafayette, LA	2.0	1.0	956	$775	$0.81	43d	1	1.39mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	13d	1	1.42mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	21d	1	1.42mi
1002 E Simcoe St Lafayette, LA	4.0	2.0	1100	$950	$0.86	43d	1	1.44mi

Listing history 21 events

1. 2026-06-16
   status $69,900 Pending 217 DOM
2. 2026-06-16
   days on market $69,900 Contingent (No Show) 217 DOM
3. 2026-06-15
   days on market $69,900 Contingent (No Show) 216 DOM
4. 2026-06-14
   days on market $69,900 Contingent (No Show) 214 DOM
5. 2026-06-13
   days on market $69,900 Contingent (No Show) 213 DOM
6. 2026-06-10
   days on market $69,900 Contingent (No Show) 211 DOM
7. 2026-06-09
   days on market $69,900 Contingent (No Show) 210 DOM
8. 2026-06-08
   days on market $69,900 Contingent (No Show) 209 DOM
9. 2026-06-07
   statusdays on market $69,900 Contingent (No Show) 208 DOM
10. 2026-06-05
    days on market $69,900 Active 205 DOM
11. 2026-06-03
    days on market $69,900 Active 204 DOM
12. 2026-06-02
    days on market $69,900 Active 203 DOM
13. 2026-06-01
    days on market $69,900 Active 202 DOM
14. 2026-05-31
    days on market $69,900 Active 201 DOM
15. 2026-05-30
    days on market $69,900 Active 200 DOM
16. 2026-04-23
    status Active 445-char remark

    Show marketing remark (445 chars)

    Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

17. 2026-04-23
    price $69,900 445-char remark

    Show marketing remark (445 chars)

    Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

18. 2026-02-18
    status Active 445-char remark

    Show marketing remark (445 chars)

    Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

19. 2025-12-16
    price $84,900 445-char remark

    Show marketing remark (445 chars)

    Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

20. 2025-11-03
    listed $90,900 Active 445-char remark

    Show marketing remark (445 chars)

    Seller has closed all plumbing connections and added new wiring to this property. There are no cabinets, some doors are missing.This large 1.3+ acre lot offers opportunities. AS IS sale. Please allow up to 5 business days for offer negotiation.NOTE: we are in a multiple offer situation. All offers must be highest and best, received by listing agent by 10AM, 5/20/26. Multiple offer disclosure form MUST accompany all offers (see docs section).

21. 2025-06-17
    soldstatus $159,821

ⓘ 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: $1,193 · $99/mo
• Projected year-2 tax: $1,193 · $99/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 8/10 Severe 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: $16,813
• − Mortgage interest: −$3,915
• − Property taxes: −$1,193
• − Insurance: −$350
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$2,033
• Taxable income: $6,631
• Est. tax owed @ 24.0%: −$1,592
• After-tax cash flow: $5,749/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): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2089.0

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 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%

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

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

-56.3% since first listed

6 events — show timeline

• 2026-04-23 Relisted — AcadianaMLS
• 2026-04-23 Price Changed $69,900 AcadianaMLS
• 2026-02-18 Relisted — AcadianaMLS
• 2025-12-16 Price Changed $84,900 AcadianaMLS
• 2025-11-03 Listed $90,900 AcadianaMLS
• 2025-06-17 Sold (Public Records) $159,821 Public Records

Property tax history

+24.0%/yr

Latest (2025): $1,193 · -1.3% YoY. Source: county tax records.