930 Evangeline Dr · Lafayette, LA 70501

$52,000

1 bd · 1.0 ba · 726 sqft · SingleFamily public records · 4 Days on market

Built 1945 7,840 sqft lot Est $76k · 31% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Key facts

• 7,840 sq ft lot
• Garage
• Built 1945

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Carport (1 covered space); Detached garage (approximately 256 sq ft)
• Security:
• Utilities: Gas service by Atmos; Public sewer; Electric service from city
• Home design: Single-family residence; Fixer condition; City street frontage
• Construction: Composition roof; Frame construction with other siding
• Exterior features: Chain link fencing; Covered patio/porch

Interior

• Kitchen:
• Bedrooms:
• Flooring: Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Wood flooring; Central heating; Central air conditioning
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $52k.

Deal economics

• At list price, monthly cash flow is $386 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($904 rent vs $52k).
• Cap rate 15.2% 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: Woodvale Elementary School (math 56% / reading 59%, grade C+, #76 of 646 statewide, top 12%, 890 students, 56% FRL); Lafayette Middle School (math 12% / reading 29%, grade F, #161 of 218 statewide, top 76%, 369 students, 83% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL).
• Market conditions: Rents rising fast (+7.3%/yr); 247 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 33% of the median local income ($33k/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 $360 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 $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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 $30k; list at $52k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $52,000

Questions for the listing agent

1. Built in 1945 — 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: 1.74% ✓
• Cap rate: 15.20%
• Cash-on-cash: 31.82%
• DSCR: 2.42
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $75,504
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
930 Evangeline Dr	0.00mi	1/1.0	726 (0%)	0mo	$52,000	$72	100
617 Cedar Crest Ct	0.22mi	2/1.0 (+1)	779 (+7%)	4mo	$125,000	$160	70
505 Sherman St	0.59mi	2/1.0 (+1)	750 (+3%)	2mo	$100,000	$133	60
403 Railroad St	0.74mi	2/1.0 (+1)	724 (-0%)	8mo	$75,000	$104	54
800 N St Antoine St	0.58mi	2/1.0 (+1)	742 (+2%)	14mo	$95,000	$128	53
421 N Saint Antoine St	0.45mi	2/1.0 (+1)	791 (+9%)	8mo	$47,500	$60	52
211 Versailles Blvd #8	0.70mi	2/1.0 (+1)	833 (+15%)	23mo	$75,000	$90	18

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: 31.4%
• Equity multiple: 2.39×
• Total profit: $20,284
• Equity at exit: $7,753

10-year hold

• IRR: 40.8%
• Equity multiple: 5.66×
• Total profit: $67,834
• Equity at exit: $4,496

Cash invested: $14,560 (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: 247
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $904 high
• Mortgage (P&I): −$273
• Tax from tax record: −$33 /mo · $402/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$190
• Net cashflow: $386

Break-even live

Break-even rent $415

Max offer price $52,000

Occupancy floor 52%

Sensitivity live

Price	-10% $415	-5% $401	+0% $386	+5% $371	+10% $357
Rent	-10% $315	-5% $350	+0% $386	+5% $422	+10% $457
Rate	-1.0pp $412	-0.5pp $399	base $386	+0.5pp $373	+1.0pp $359

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: $13,000
• Closing costs: $1,560
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 W University Ave Lafayette, LA	2.0	1.0	600	$800	$1.33	14d	1	0.25mi
406 Voorhies St Unit B Lafayette, LA	1.0	1.0	575	$825	$1.43	22d	1	0.76mi
301 Sampson St Lafayette, LA	1.0	1.0	545	$750	$1.38	14d	1	0.97mi
124 E Main St Lafayette, LA	1.0	1.0	789	$1,380	$1.75	14d	7	1.11mi
1318 Lee Ave Unit B6 Lafayette, LA	1.0	1.0	400	$750	$1.88	22d	1	1.24mi
1318 Lee Ave Unit C7 Lafayette, LA	1.0	1.0	450	$1,150	$2.56	14d	1	1.24mi
617 E Vermilion St Unit C Lafayette, LA	2.0	1.0	625	$1,199	$1.92	14d	1	1.37mi
617 E Vermilion St Unit A Lafayette, LA	1.0	1.0	517	$999	$1.93	14d	1	1.37mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	14d	1	1.42mi
131 1/2 Mildred St Unit C Lafayette, LA	1.0	1.0	500	$625	$1.25	14d	1	1.43mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	45d	1	1.46mi

Listing history 4 events

1. 2026-04-13
   status Pending
2. 2026-04-09
   listed $52,000 Active
3. 2005-08-17
   soldstatus $30,000
4. 2005-06-22
   listed $42,500

ⓘ 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: $402 · $33/mo
• Projected year-2 tax: $402 · $33/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: $10,844
• − Mortgage interest: −$2,913
• − Property taxes: −$402
• − Insurance: −$260
• − Repairs & maintenance: −$868
• − Management: −$868
• − Depreciation: −$1,513
• Taxable income: $4,022
• Est. tax owed @ 24.0%: −$965
• After-tax cash flow: $3,667/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

+22.4% since first listed

4 events — show timeline

• 2026-04-13 Pending — AcadianaMLS
• 2026-04-09 Listed $52,000 AcadianaMLS
• 2005-08-17 Sold (MLS) $30,000 AcadianaMLS
• 2005-06-22 Listed $42,500 AcadianaMLS

Property tax history

+4.1%/yr

Latest (2025): $402 · -1.1% YoY. Source: county tax records.