115 Jerome Rd · Scott, LA 70507

$90,000

3 bd · 2.0 ba · 1,280 sqft · SingleFamily · 247 Days on market

Built 2006 Poor condition $70/sqft · 61% below area

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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
• Livability +3.3/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

16 x 80 mobile home on a half acre of land.

Key facts

• Half acre of land
• Built 2006
• Listed 246 days

Tags

• HALF ACRE OF LAND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 4.8% in Scott — 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 66/100 on livability (#116 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: crime F, amenities F, commute 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); Carencro Middle School (math 18% / reading 28%, grade F, #145 of 218 statewide, top 69%, 665 students, 75% FRL); Carencro High School (math 30% / reading 29%, grade F, #127 of 265 statewide, top 49%, 1,096 students, 69% FRL).
• Market conditions: 492 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 30d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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).
• This rent runs 33% of the median local income ($64k/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 $622 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 247 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 247 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.98% ✓
• Cap rate: 16.77%
• Cash-on-cash: 37.42%
• DSCR: 2.66
• GRM: 4.2

CMA / ARV

• ARV (median comp): $229,144
• List price: $90,000
• Delta: -60.72%
• 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
216 Royalton Pkwy	1.00mi	3/2.0	1,300 (+2%)	5mo	$205,000	$158	58
410 Common Pointes Dr	0.98mi	3/2.0	1,223 (-4%)	1mo	$185,000	$151	56
100 Brooke Vly	1.00mi	3/2.0	1,220 (-5%)	2mo	$175,000	$143	55
106 Country Garden Ln	0.79mi	3/2.0	1,408 (+10%)	6mo	$185,000	$131	43
215 Royalton Pkwy	1.00mi	3/2.0	1,202 (-6%)	15mo	$180,000	$150	42
109 Country Garden Ln	0.76mi	3/2.0	1,443 (+13%)	4mo	$189,900	$132	40
104 Mulligan Way	1.05mi	3/2.0	1,157 (-10%)	11mo	$160,900	$139	40
139 Country Garden Ln	0.66mi	3/2.0	1,536 (+20%)	10mo	$215,500	$140	36
125 Chase Dr	0.94mi	3/2.0	1,440 (+12%)	14mo	$216,480	$150	33
100 Chase Dr	0.89mi	3/2.0	1,482 (+16%)	12mo	$215,000	$145	30
400 Lebesque Rd	1.06mi	3/2.0	1,456 (+14%)	14mo	$197,500	$136	30
119 Horizon Ln	0.81mi	3/2.0	1,479 (+16%)	14mo	$219,900	$149	28

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.4%
• Equity multiple: 2.09×
• Total profit: $27,589
• Equity at exit: $13,419

10-year hold

• IRR: 34.1%
• Equity multiple: 4.12×
• Total profit: $78,615
• Equity at exit: $7,782

Cash invested: $25,200 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 6 under contract
• Months of supply: 1.2 mo (83%/mo absorbed)
• Median asking: $240,000 ($171/sqft)
• Median days on market: 6 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +4.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70507

• Home prices YoY: -20.6%
• Active inventory: 492
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,782 high
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $661

Break-even live

Break-even rent $946

Max offer price $90,000

Occupancy floor 58%

Sensitivity live

Price	-10% $723	-5% $692	+0% $661	+5% $629	+10% $598
Rent	-10% $520	-5% $590	+0% $661	+5% $731	+10% $801
Rate	-1.0pp $706	-0.5pp $683	base $661	+0.5pp $637	+1.0pp $613

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: $22,500
• Closing costs: $2,700
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
417 Mango Dr Lafayette, LA	3.0	2.0	1613	$2,015	$1.25	154d	1	0.95mi
200 Yardley Ct Lafayette, LA	3.0	2.0	1447	$1,845	$1.28	10d	1	0.97mi
104 Orthello Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	14d	1	0.97mi
104 Orthello Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	17d	1	0.97mi
104 Orthello Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	9d	1	0.97mi
104 Orthello Ct Lafayette, LA	3.0	2.0	1447	$1,845	$1.28	10d	1	0.97mi
113 ORTHELLO Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	2d	1	1.00mi
113 ORTHELLO Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	14d	1	1.00mi
113 ORTHELLO Ct Lafayette, LA	3.0	2.0	1447	$1,795	$1.24	16d	1	1.00mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	184d	1	1.01mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	162d	1	1.01mi
124 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,945	$1.09	162d	1	1.01mi
122 Yardley Ct Lafayette, LA	3.0	2.0	1613	$1,875	$1.16	17d	1	1.02mi
122 Yardley Ct Lafayette, LA	3.0	2.0	1613	$1,775	$1.10	2d	1	1.02mi
122 SANTIAGO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	162d	1	1.03mi
121 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	154d	1	1.03mi
116 Yardley Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	184d	1	1.05mi
127 Country Living Dr Lafayette, LA	3.0	2.0	1165	$1,595	$1.37	22d	1	1.06mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	162d	1	1.10mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	184d	1	1.10mi
106 Yardley Ct Lafayette, LA	3.0	2.0	1447	$1,745	$1.21	2d	1	1.10mi
109 Santiago Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	154d	1	1.10mi
102 Yardley Ct Lafayette, LA	3.0	2.0	1298	$1,645	$1.27	184d	1	1.11mi
101 Powell Ln Scott, LA	2.0	2.0	980	$1,000	$1.02	162d	1	1.17mi
101 Burrow Dr Scott, LA	3.0	2.0	1250	$1,300	$1.04	162d	1	1.29mi
122 Burrow Dr Scott, LA	4.0	1.0	1300	$1,100	$0.85	0d	1	1.42mi
905 Roper Dr Scott, LA	3.0	2.0	1350	$1,500	$1.11	29d	1	1.44mi
905 Roper Dr Scott, LA	3.0	2.0	1350	$1,500	$1.11	14d	1	1.44mi

Listing history 50 events

1. 2026-11-08
   days on market $90,000 Active 247 DOM
2. 2026-11-07
   days on market $90,000 Active 246 DOM
3. 2026-11-06
   days on market $90,000 Active 245 DOM
4. 2026-11-05
   days on market $90,000 Active 244 DOM
5. 2026-11-04
   days on market $90,000 Active 243 DOM
6. 2026-11-02
   days on market $90,000 Active 241 DOM
7. 2026-11-01
   days on market $90,000 Active 240 DOM
8. 2026-10-31
   days on market $90,000 Active 239 DOM
9. 2026-10-30
   days on market $90,000 Active 238 DOM
10. 2026-10-29
    days on market $90,000 Active 237 DOM
11. 2026-10-28
    days on market $90,000 Active 236 DOM
12. 2026-10-27
    days on market $90,000 Active 235 DOM
13. 2026-10-26
    days on market $90,000 Active 234 DOM
14. 2026-10-25
    days on market $90,000 Active 233 DOM
15. 2026-10-24
    days on market $90,000 Active 232 DOM
16. 2026-10-23
    days on market $90,000 Active 231 DOM
17. 2026-10-22
    days on market $90,000 Active 230 DOM
18. 2026-10-21
    days on market $90,000 Active 229 DOM
19. 2026-10-20
    days on market $90,000 Active 228 DOM
20. 2026-10-19
    days on market $90,000 Active 227 DOM
21. 2026-10-18
    days on market $90,000 Active 226 DOM
22. 2026-10-17
    days on market $90,000 Active 225 DOM
23. 2026-10-16
    days on market $90,000 Active 224 DOM
24. 2026-10-15
    days on market $90,000 Active 223 DOM
25. 2026-10-14
    days on market $90,000 Active 222 DOM
26. 2026-10-13
    days on market $90,000 Active 221 DOM
27. 2026-10-12
    days on market $90,000 Active 220 DOM
28. 2026-10-11
    days on market $90,000 Active 219 DOM
29. 2026-10-10
    days on market $90,000 Active 218 DOM
30. 2026-10-09
    days on market $90,000 Active 217 DOM
31. 2026-10-08
    days on market $90,000 Active 216 DOM
32. 2026-10-07
    days on market $90,000 Active 215 DOM
33. 2026-10-06
    days on market $90,000 Active 214 DOM
34. 2026-10-05
    days on market $90,000 Active 213 DOM
35. 2026-10-04
    days on market $90,000 Active 212 DOM
36. 2026-10-03
    days on market $90,000 Active 211 DOM
37. 2026-10-03
    days on market $90,000 Active 210 DOM
38. 2026-10-01
    days on market $90,000 Active 209 DOM
39. 2026-09-30
    days on market $90,000 Active 208 DOM
40. 2026-09-29
    days on market $90,000 Active 207 DOM
41. 2026-09-28
    days on market $90,000 Active 206 DOM
42. 2026-09-27
    days on market $90,000 Active 205 DOM
43. 2026-09-26
    days on market $90,000 Active 204 DOM
44. 2026-09-25
    days on market $90,000 Active 203 DOM
45. 2026-09-24
    days on market $90,000 Active 202 DOM
46. 2026-09-24
    days on market $90,000 Active 201 DOM
47. 2026-09-22
    days on market $90,000 Active 200 DOM
48. 2026-09-21
    days on market $90,000 Active 199 DOM
49. 2026-09-20
    days on market $90,000 Active 198 DOM
50. 2026-09-19
    days on market $90,000 Active 197 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 71% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,383
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$1,952
• − Repairs & maintenance: −$1,711
• − Management: −$1,711
• − Depreciation: −$2,618
• Taxable income: $6,999
• Est. tax owed @ 24.0%: −$1,680
• After-tax cash flow: $6,246/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.

Condition & rehab AI · 2 photos

Poor 20/100 Extensive rehab Est. rehab $64,000–$115,200 screening

This mobile home requires extensive repairs and updates to its exterior, interior, and systems, as well as landscaping improvements. The home's poor condition and lack of curb appeal significantly reduce its value.

Repairs flagged

• Major exterior paint — The exterior of the mobile home appears weathered and in need of a fresh coat of paint.
• Major interior paint — The interior of the mobile home may have peeling or damaged paint that needs to be repaired.
• Major kitchen appliances — The mobile home may have outdated or damaged appliances that need to be replaced.
• Major bathroom fixtures — The mobile home may have outdated or damaged fixtures that need to be replaced.
• Major HVAC and electrical systems — The mobile home may have outdated or damaged HVAC and electrical systems that need to be replaced or updated.
• Major landscaping — The landscaping appears overgrown and unkempt, and needs to be trimmed and landscaped to improve curb appeal.

Value-add opportunities

• Both exterior paint — A fresh coat of paint can improve the home's curb appeal and increase its value. ↑
• Both interior paint — Updating the interior paint can make the home more appealing and increase its value. ↑
• Both kitchen appliances — Upgrading the kitchen appliances can make the home more appealing and increase its value. ↑
• Both bathroom fixtures — Updating the bathroom fixtures can make the home more appealing and increase its value. ↑
• Both HVAC and electrical systems — Upgrading the HVAC and electrical systems can make the home more energy-efficient and increase its value. ↑
• Both landscaping — Trimming and landscaping the property can improve its curb appeal and increase its value. ↑

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Ossun Elementary School F LA #269/646 Nat'l #22,441/41,679 Middle Carencro Middle School F LA #145/218 Nat'l #11,007/14,009 High Carencro High School F LA #127/265 Nat'l #11,215/17,239

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

C Composite livability gradescore 66/100

Livability — Scott

• Score: 66/100
• State rank: #116
• US rank: #11265

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C Housing B+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scott, LA
• County: Lafayette Parish · 280,930 people
• City population: 8,670
• Metro: Lafayette, LA
• Population (ZIP): 20,096
• Household income: $64,049
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 6% Hispanic / Latino 3%
• Languages at home: 94% English-only · French/Haitian/Cajun 4% Spanish 2%

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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: ▼ -40.84%
• Current HPI: 156.889
• Rent YoY: —
• Metro: Lafayette, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

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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

3 events — show timeline

• 2026-03-07 Relisted — ForSaleByOwner.com
• 2026-02-17 Delisted — ForSaleByOwner.com
• 2026-02-16 Listed $90,000 ForSaleByOwner.com