115 Jerome Rd · Scott, LA 70507

$90,000

3 bd · 2.0 ba · 1,280 sqft · SingleFamily · 104 Days on market

Built 2006 Poor condition $70/sqft · 60% 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
• Schools +3.6/10.0
• Livability +3.3/5.0
• 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 104 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 $685 ($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: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.1% vs local median 4.7% 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+, schools 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.
• Market conditions: 324 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 34% 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 104 days — a 9% lower offer ($82k) 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 $81,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% 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: 2.01% ✓
• Cap rate: 17.09%
• Cash-on-cash: 38.56%
• DSCR: 2.72
• GRM: 4.1

CMA / ARV

• ARV (median comp): $225,703
• List price: $90,000
• Delta: -60.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Country Garden Ln	0.75mi	3/2.0	1,335 (+4%)	22mo	$206,000	$154	40
126 Country Garden Ln	0.71mi	3/2.0	1,366 (+7%)	23mo	$199,000	$146	36
146 Country Garden Ln	0.65mi	3/2.0	1,471 (+15%)	11mo	$189,000	$128	36

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: 27.8%
• Equity multiple: 2.16×
• Total profit: $29,126
• Equity at exit: $13,419

10-year hold

• IRR: 35.3%
• Equity multiple: 4.25×
• Total profit: $81,936
• 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 →

ZIP-level market 70507

• Home prices YoY: -20.6%
• Active inventory: 324
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,812 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: −$381
• Net cashflow: $685

Break-even live

Break-even rent $946

Max offer price $90,000

Occupancy floor 57%

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
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
417 Mango Dr Lafayette, LA	3.0	2.0	1613	$2,015	$1.25	14d	1	0.95mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	21d	1	1.01mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	44d	1	1.01mi
124 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,945	$1.09	21d	1	1.01mi
122 SANTIAGO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	21d	1	1.03mi
121 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	14d	1	1.03mi
116 Yardley Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	44d	1	1.05mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	44d	1	1.10mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	21d	1	1.10mi
109 Santiago Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	14d	1	1.10mi
102 Yardley Ct Lafayette, LA	3.0	2.0	1298	$1,645	$1.27	44d	1	1.11mi
101 Powell Ln Scott, LA	2.0	2.0	980	$1,000	$1.02	21d	1	1.17mi
101 Burrow Dr Scott, LA	3.0	2.0	1250	$1,300	$1.04	21d	1	1.29mi

Listing history 19 events

1. 2026-06-18
   days on market $90,000 Active 104 DOM
2. 2026-06-17
   days on market $90,000 Active 103 DOM
3. 2026-06-16
   days on market $90,000 Active 102 DOM
4. 2026-06-15
   days on market $90,000 Active 101 DOM
5. 2026-06-14
   days on market $90,000 Active 99 DOM
6. 2026-06-13
   days on market $90,000 Active 98 DOM
7. 2026-06-10
   days on market $90,000 Active 96 DOM
8. 2026-06-09
   days on market $90,000 Active 95 DOM
9. 2026-06-08
   days on market $90,000 Active 94 DOM
10. 2026-06-07
    days on market $90,000 Active 93 DOM
11. 2026-06-05
    days on market $90,000 Active 90 DOM
12. 2026-06-03
    days on market $90,000 Active 89 DOM
13. 2026-06-02
    days on market $90,000 Active 88 DOM
14. 2026-06-01
    days on market $90,000 Active 87 DOM
15. 2026-05-31
    days on market $90,000 Active 86 DOM
16. 2026-05-30
    days on market $90,000 Active 85 DOM
17. 2026-03-07
    status Active 43-char remark

    Show marketing remark (43 chars)

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

18. 2026-02-17
    historical 43-char remark

    Show marketing remark (43 chars)

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

19. 2026-02-16
    listed $90,000 Active 43-char remark

    Show marketing remark (43 chars)

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

ⓘ 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: $21,749
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$1,952
• − Repairs & maintenance: −$1,740
• − Management: −$1,740
• − Depreciation: −$2,618
• Taxable income: $7,307
• Est. tax owed @ 24.0%: −$1,754
• After-tax cash flow: $6,462/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

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.

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior paint · The exterior of the mobile home appears weathered and in need of a fresh coat of paint.	Major	$15,000–50,000
interior paint · The interior of the mobile home may have peeling or damaged paint that needs to be repaired.	Major	$15,000–50,000
kitchen appliances · The mobile home may have outdated or damaged appliances that need to be replaced.	Major	$15,000–50,000
bathroom fixtures · The mobile home may have outdated or damaged fixtures that need to be replaced.	Major	$15,000–50,000
HVAC and electrical systems · The mobile home may have outdated or damaged HVAC and electrical systems that need to be replaced or updated.	Major	$15,000–50,000
landscaping · The landscaping appears overgrown and unkempt, and needs to be trimmed and landscaped to improve curb appeal.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• 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. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — 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 · 207,544 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: 503.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 15%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 4% Spanish 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: ▼ -40.84%
• Current HPI: 156.889
• Rent YoY: —
• 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

3 events — show timeline

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