800 Canberra Rd · Lafayette, LA 70503

$230,000

3 bd · 2.0 ba · 1,752 sqft · SingleFamily public records · 70 Days on market

Built 1982 6,969 sqft lot $131/sqft · 17% below area Est $236k · at est.

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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).

• Cash flow +13.4/30.0
• ARV discount +8.7/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

Key facts

• 6,969 sq ft lot
• 2 parking spots
• Built 1982

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $6 ($76/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (20.0% below list).
• Recommended offer: $184k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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 flat; 237 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 33y 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 $97k; list at $230k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,021 (20.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 20% 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. 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?
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: 0.80% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.12%
• DSCR: 1.01
• GRM: 10.4

CMA / ARV

• ARV (median comp): $236,330
• List price: $230,000
• Delta: -2.68%
• 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
135 Pleasant View Dr	0.05mi	3/2.0	1,686 (-4%)	4mo	$230,000	$136	88
121 Pleasant View Dr	0.04mi	3/2.0	1,850 (+6%)	2mo	$250,000	$135	87
903 Canberra Rd	0.28mi	3/2.0	1,752 (0%)	3mo	$219,000	$125	85
939 Rosedown Ln	0.25mi	3/2.0	1,697 (-3%)	1mo	$250,000	$147	82
914 Rosedown Ln	0.11mi	3/2.0	1,651 (-6%)	5mo	$235,000	$142	81
800 Canberra Rd	0.00mi	3/2.0	1,500 (-14%)	0mo	$227,500	$152	76
619 Canberra Rd	0.19mi	3/2.0	1,568 (-10%)	1mo	$219,900	$140	73
308 Presbytere Pkwy	0.42mi	3/2.0	1,860 (+6%)	9mo	$251,000	$135	63
205 Metairie Ct	0.32mi	4/2.0 (+1)	1,977 (+13%)	3mo	$313,000	$158	56
304 Presbytere Pkwy	0.45mi	3/2.0	1,936 (+10%)	9mo	$245,000	$127	54
201 B Camino Real Rd	0.69mi	3/2.0	1,616 (-8%)	4mo	$190,000	$118	52
320 Dunvegan Ct	0.66mi	3/2.0	1,868 (+7%)	8mo	$315,500	$169	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 · 0.36% rent growth · sell at horizon

5-year hold

• IRR: -18.9%
• Equity multiple: 0.35×
• Total profit: $-41,689
• Equity at exit: $34,294

10-year hold

• IRR: -17.3%
• Equity multiple: 0.15×
• Total profit: $-54,561
• Equity at exit: $19,886

Cash invested: $64,400 (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 70503

• Home prices YoY: -34.0%
• Rents YoY: 0.4%
• Active inventory: 237
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,840 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$145 /mo · $1,745/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $6

Break-even live

Break-even rent $1,832

Max offer price $230,000

Occupancy floor 95%

Sensitivity live

Price	-10% $137	-5% $71	+0% $6	+5% $-59	+10% $-124
Rent	-10% $-139	-5% $-66	+0% $6	+5% $79	+10% $152
Rate	-1.0pp $122	-0.5pp $65	base $6	+0.5pp $-53	+1.0pp $-114

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
709 Rosedown Ln Lafayette, LA	3.0	2.0	1800	$1,700	$0.94	44d	1	0.19mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	22d	1	0.30mi
330 Dunvegan Ct Lafayette, LA	3.0	2.5	1848	$2,400	$1.30	44d	1	0.70mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	14d	18	0.77mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	44d	1	0.78mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	14d	17	0.87mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	22d	1	0.98mi
104 Marblehead Ave Lafayette, LA	2.0–3.0	2.0–2.5	1448	$2,668	$1.84	14d	126	1.09mi
6000 Johnston St Lafayette, LA	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	14d	20	1.12mi
3606 Kaliste Saloom Rd Unit 201 Lafayette, LA	3.0	2.0	1402	$1,450	$1.03	22d	1	1.14mi
303 Belle Grove Blvd Lafayette, LA	3.0	2.0	1700	$1,700	$1.00	22d	1	1.24mi
115 Hermitage Ave Lafayette, LA	3.0	2.0	2190	$2,000	$0.91	14d	1	1.29mi
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	14d	1	1.31mi
107 Papwood Cir Lafayette, LA	3.0	2.0	1805	$2,000	$1.11	22d	1	1.39mi

Listing history 17 events

1. 2026-05-12
   status Pending 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

2. 2026-05-09
   status Active 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

3. 2026-05-09
   price $230,000 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

4. 2026-05-04
   status Pending 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

5. 2026-03-27
   price $227,500 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

6. 2026-02-26
   listed $230,000 Active 466-char remark

   Show marketing remark (466 chars)

   This beautifully remodeled one-story home at 800 Canberra Rd shows like NEW. Featuring 3 bedrooms and 2 full baths, the interior boasts granite countertops, walk-in closets in the master and second bedrooms, and luxurious jacuzzi tubs in both bathrooms. Extensive 2024 renovations include a new roof, all-new appliances, and fresh interior and exterior paint. The property is complete with a fully fenced backyard and two separate patios, perfect for outdoor living.

7. 2026-02-16
   listed $230,000 Active
8. 2024-10-13
   price $234,999
9. 2024-08-26
   listed $239,999 Active
10. 2024-05-09
    price $249,900
11. 2024-04-01
    price $252,000
12. 2024-03-15
    listed $260,000 Active
13. 2022-06-22
    price $1,300
14. 1998-06-26
    soldstatus $96,750
15. 1998-03-26
    listed $98,000
16. 1993-09-16
    soldstatus $79,500
17. 1993-07-03
    listed $82,500

ⓘ 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: $1,745 · $145/mo
• Projected year-2 tax: $1,745 · $145/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 · 22 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: $22,083
• − Mortgage interest: −$12,884
• − Property taxes: −$1,745
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − Depreciation: −$6,691
• Taxable loss: −$3,921
• Est. tax savings @ 24.0%: +$941
• After-tax cash flow: $1,017/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): 28,643
• Household income: $94,688
• Rent vs Own: 34.3% rent · 65.7% own
• Severe rent burden: 769.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 23% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 3% 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: ▼ -81.65%
• Current HPI: 158.7094
• Rent YoY: ▲ 0.36%
• 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

+178.8% since first listed

17 events — show timeline

• 2026-05-12 Pending — AcadianaMLS
• 2026-05-09 Relisted — AcadianaMLS
• 2026-05-09 Price Changed $230,000 AcadianaMLS
• 2026-05-04 Pending — AcadianaMLS
• 2026-03-27 Price Changed $227,500 AcadianaMLS
• 2026-02-26 Listed $230,000 AcadianaMLS
• 2026-02-16 Listed $230,000 AcadianaMLS
• 2024-10-13 Price Changed $234,999 AcadianaMLS
• 2024-08-26 Listed $239,999 AcadianaMLS
• 2024-05-09 Price Changed $249,900 AcadianaMLS
• 2024-04-01 Price Changed $252,000 AcadianaMLS
• 2024-03-15 Listed $260,000 AcadianaMLS
• 2022-06-22 Price Changed $1,300 RENT.
• 1998-06-26 Sold (MLS) $96,750 AcadianaMLS
• 1998-03-26 Listed $98,000 AcadianaMLS
• 1993-09-16 Sold (MLS) $79,500 AcadianaMLS
• 1993-07-03 Listed $82,500 AcadianaMLS

Property tax history

+2.7%/yr

Latest (2025): $1,745 · -1.1% YoY. Source: county tax records.