322 Crestlawn Dr · Lafayette, LA 70503

$170,000

3 bd · 2.0 ba · 1,534 sqft · SingleFamily public records · 164 Days on market

Built 1977 10,019 sqft lot $111/sqft · 28% below area Est $235k · 28% under ↓ 31% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +5.7/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

You will love this home that was built in the late 70s still has everything original! Could move in asap. Huge living room. Open floor plan. New floor throughout the house was put in 2018 Roof was replaced in 2020. Being right off of Johnston Street it is Very close to everything in Lafayette!

Key facts

• Open floor plan
• Close to everything
• New floor

Tags

• OPEN FLOOR PLAN
• NEW FLOOR
• ROOF REPLACED
• CLOSE TO EVERYTHING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Edgar Martin Middle School (math 40% / reading 53%, grade D+, #41 of 218 statewide, top 19%, 490 students, 59% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $1k of loan paydown is wiped out by about $5k 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 164 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.07% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.80%
• DSCR: 1.44
• GRM: 7.8

CMA / ARV

• ARV (median comp): $234,623
• List price: $170,000
• Delta: -27.54%
• 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
619 Canberra Rd	0.19mi	3/2.0	1,568 (+2%)	1mo	$219,900	$140	87
800 Canberra Rd	0.38mi	3/2.0	1,500 (-2%)	1mo	$227,500	$152	78
707 Canberra Rd	0.25mi	3/2.0	1,611 (+5%)	9mo	$237,500	$147	73
115 Pleasant View Dr	0.31mi	3/2.0	1,464 (-5%)	6mo	$225,000	$154	73
201 B Camino Real Rd	0.45mi	3/2.0	1,616 (+5%)	4mo	$190,000	$118	67
914 Rosedown Ln	0.46mi	3/2.0	1,651 (+8%)	5mo	$235,000	$142	62
135 Pleasant View Dr	0.43mi	3/2.0	1,686 (+10%)	4mo	$230,000	$136	60
408 Guidry Rd	0.53mi	3/2.0	1,361 (-11%)	0mo	$167,500	$123	56
209 Driftwood Dr	0.50mi	3/2.0	1,335 (-13%)	2mo	$190,000	$142	53
939 Rosedown Ln	0.60mi	3/2.0	1,697 (+11%)	2mo	$250,000	$147	53
910 Canberra Rd	0.70mi	2/1.5 (-1)	1,430 (-7%)	3mo	$200,000	$140	47
903 Canberra Rd	0.64mi	3/2.0	1,752 (+14%)	3mo	$219,000	$125	44

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: -4.4%
• Equity multiple: 0.84×
• Total profit: $-7,549
• Equity at exit: $25,348

10-year hold

• IRR: 2.2%
• Equity multiple: 1.14×
• Total profit: $6,789
• Equity at exit: $14,698

Cash invested: $47,600 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,817 high
• Mortgage (P&I): −$891
• Tax from tax record: −$84 /mo · $1,013/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $389

Break-even live

Break-even rent $1,325

Max offer price $170,000

Occupancy floor 74%

Sensitivity live

Price	-10% $485	-5% $437	+0% $389	+5% $341	+10% $292
Rent	-10% $245	-5% $317	+0% $389	+5% $460	+10% $532
Rate	-1.0pp $474	-0.5pp $432	base $389	+0.5pp $345	+1.0pp $300

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
709 Rosedown Ln Lafayette, LA	3.0	2.0	1800	$1,700	$0.94	45d	1	0.18mi
110 Pilsbury Ln Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	23d	1	0.60mi
327 Guidry Rd Lafayette, LA	2.0	2.0	1060	$1,350	$1.27	23d	1	0.61mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	15d	18	0.62mi
330 Dunvegan Ct Lafayette, LA	3.0	2.5	1848	$2,400	$1.30	45d	1	0.64mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	23d	1	0.66mi
104 Marblehead Ave Lafayette, LA	2.0–3.0	2.0–2.5	1448	$2,668	$1.84	15d	126	0.72mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	15d	17	0.73mi
6000 Johnston St Lafayette, LA	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	15d	20	0.76mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	45d	1	1.14mi
201 Finsbury Ln Lafayette, LA	3.0	2.0	1730	$2,575	$1.49	23d	1	1.19mi
221 Wakely CT Lafayette, LA	3.0	2.0	1659	$1,975	$1.19	15d	1	1.23mi
1630 Rue du Belier Lafayette, LA	1.0–3.0	1.0–2.0	1060	$1,600	$1.51	15d	25	1.26mi
106 Braddish Ct Lafayette, LA	3.0	2.0	1659	$1,900	$1.15	23d	1	1.26mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	23d	1	1.35mi
303 Belle Grove Blvd Lafayette, LA	3.0	2.0	1700	$1,700	$1.00	23d	1	1.37mi
343 Ridge Rd Lafayette, LA	2.0–3.0	2.0	1113	$1,995	$1.79	15d	34	1.40mi
225 Shadowbrush Bnd Lafayette, LA	3.0	2.0	1585	$1,700	$1.07	45d	1	1.43mi
115 Hermitage Ave Lafayette, LA	3.0	2.0	2190	$2,000	$0.91	15d	1	1.43mi
102 Perth PL Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	23d	1	1.45mi
600 Glade Blvd Lafayette, LA	3.0	2.0	1617	$1,695	$1.05	15d	1	1.48mi
107 Papwood Cir Lafayette, LA	3.0	2.0	1805	$2,000	$1.11	23d	1	1.48mi
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	15d	1	1.49mi

Listing history 19 events

1. 2026-06-21
   days on market $170,000 Active 164 DOM
2. 2026-06-18
   days on market $170,000 Active 161 DOM
3. 2026-06-17
   days on market $170,000 Active 160 DOM
4. 2026-06-16
   days on market $170,000 Active 159 DOM
5. 2026-06-15
   days on market $170,000 Active 158 DOM
6. 2026-06-14
   days on market $170,000 Active 156 DOM
7. 2026-06-13
   days on market $170,000 Active 155 DOM
8. 2026-06-10
   days on market $170,000 Active 153 DOM
9. 2026-06-09
   days on market $170,000 Active 152 DOM
10. 2026-06-08
    days on market $170,000 Active 151 DOM
11. 2026-06-07
    days on market $170,000 Active 150 DOM
12. 2026-06-05
    days on market $170,000 Active 147 DOM
13. 2026-06-03
    days on market $170,000 Active 146 DOM
14. 2026-06-02
    days on market $170,000 Active 145 DOM
15. 2026-06-01
    days on market $170,000 Active 144 DOM
16. 2026-05-31
    days on market $170,000 Active 143 DOM
17. 2026-05-30
    days on market $170,000 Active 142 DOM
18. 2026-01-14
    price $170,000 294-char remark

    Show marketing remark (294 chars)

    You will love this home that was built in the late 70s still has everything original! Could move in asap. Huge living room. Open floor plan. New floor throughout the house was put in 2018 Roof was replaced in 2020. Being right off of Johnston Street it is Very close to everything in Lafayette!

19. 2026-01-08
    listed $245,000 Active 294-char remark

    Show marketing remark (294 chars)

    You will love this home that was built in the late 70s still has everything original! Could move in asap. Huge living room. Open floor plan. New floor throughout the house was put in 2018 Roof was replaced in 2020. Being right off of Johnston Street it is Very close to everything in Lafayette!

ⓘ 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: $1,013 · $84/mo
• Projected year-2 tax: $1,013 · $84/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 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: $21,803
• − Mortgage interest: −$9,523
• − Property taxes: −$1,013
• − Insurance: −$850
• − Repairs & maintenance: −$1,744
• − Management: −$1,744
• − Depreciation: −$4,945
• Taxable income: $1,984
• Est. tax owed @ 24.0%: −$476
• After-tax cash flow: $4,188/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

-30.6% since first listed

2 events — show timeline

• 2026-01-14 Price Changed $170,000 ForSaleByOwner.com
• 2026-01-08 Listed $245,000 ForSaleByOwner.com

Property tax history

+30.4%/yr

Latest (2025): $1,013 · -1.1% YoY. Source: county tax records.