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3307 Myrtle St
C- Composite 50.34
Why this score? — see what drove the C- 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 +14.3/30.0
  • ARV discount +12.3/15.0
  • 1% rule +5.2/10.0
  • DSCR +4.3/10.0
  • Condition / age +4.0/5.0
  • Schools +3.9/10.0
  • Livability +3.8/5.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$205,215

3307 Myrtle St · Maurice, LA 70555
3 bd · 2.0 ba · 1,192 sqft · SingleFamily · 56 Days on market
Built 2026 Good condition 7,840 sqft lot $172/sqft · 11% below area Est $230k · 11% under $195/mo HOA · 9% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Awesome builder rate + FREE front gutters OR window blinds(restrictions apply)! Located on a Cul De Sac Lot!Brand NEW Construction built by DSLD HOMES in Autumn Park! The Kirkland IV G has an open floor plan with 3 bedrooms, 2 full bathrooms. This home includes upgraded hardware for cabinets, luxury vinyl plank flooring added in bedrooms, undermount cabinet lighting & more. Special plan features: granite counters, vinyl plank flooring in living room & all wet areas, walk-in closet in primary bedroom, Wi-Fi thermostat, structured wiring panel box, tank-less gas water heater, covered patio, fully sodded yard & more!

Key facts

  • Open floor plan
  • New construction
  • Cul de sac lot

Tags

CUL DE SAC LOTNEW CONSTRUCTIONOPEN FLOOR PLANUPGRADED HARDWARELUXURY VINYL PLANK FLOORINGUNDERMOUNT CABINET LIGHTING

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $205k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $37 ($445/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $205k).
  • Recommended offer: $199k (3.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 76/100 on livability (#15 in LA, #3,333 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
  • Vermilion Parish (town): math 40% / reading 53% proficiency, ranked #15 of 98 in LA (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: 248 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 228 units permitted in Vermilion Parish in 2024 (0 in 5+ unit buildings).
  • This rent runs 33% of the median local income ($76k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
  • Vermilion County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 56 days — a 3% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
Recommended offer $199,058 (3.0% below list)

Questions for the listing agent

  1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are A-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. 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
1.02%
Cap rate
6.51%
Cash-on-cash
0.77%
DSCR
1.03
GRM
8.2

CMA / ARV

ARV (median comp)
$229,685
List price
$205,215
Delta
-10.65%
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
3311 Myrtle St 0.00mi 3/2.0 1,192 (0%) 1mo $205,140 $172 99
3314 Myrtle St 0.00mi 3/2.0 1,192 (0%) 5mo $206,828 $174 96
3306 Myrtle St 0.00mi 3/2.0 1,363 (+14%) 4mo $215,152 $158 73
3418 Autumn Park Dr 0.29mi 3/2.0 1,192 (0%) 17mo $202,390 $170 72
3301 Myrtle St 0.00mi 3/2.0 1,363 (+14%) 5mo $215,207 $158 72
7392 Longleaf Vista Cir 0.06mi 3/2.0 1,321 (+11%) 16mo $213,090 $161 65
3321 Autumn Park Dr 0.29mi 3/2.0 1,321 (+11%) 12mo $211,310 $160 58
7410 Bonne Vue Cir 0.26mi 3/2.0 1,357 (+14%) 10mo $213,745 $158 56
3420 Autumn Park Dr 0.29mi 3/2.0 1,363 (+14%) 11mo $217,760 $160 54
3416 Autumn Park Dr 0.29mi 3/2.0 1,321 (+11%) 18mo $209,040 $158 53
3408 Autumn Park Dr 0.29mi 3/2.0 1,321 (+11%) 19mo $212,085 $161 53
7412 Bonne Vue Cir 0.26mi 3/2.0 1,363 (+14%) 16mo $212,800 $156 50

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
-15.0%
Equity multiple
0.46×
Total profit
$-30,742
Equity at exit
$30,598
10-year hold
IRR
-6.2%
Equity multiple
0.60×
Total profit
$-23,115
Equity at exit
$17,743

Cash invested: $57,460 (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.

ZIP-level market 70555

Home prices YoY
-29.4%
Active inventory
248
Price-to-rent
8.2×

Monthly cashflow live

Estimated rent
$2,089 medium interval (Pro) →
Mortgage (P&I)
$1,076
Tax est. 1.5%
$257 /mo · $3,078/yr
Insurance
$86
HOA
$195
Vacancy / Maint / Mgmt
$439
Net cashflow
$37

Break-even live

Break-even rent $2,042
Max offer price $205,215
Occupancy floor 93%

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
$51,304
Closing costs
$6,156
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 2 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3504 Canebreak Mill Dr Maurice, LA 3.0–4.0 2.0 1502 $1,700 $1.13 13d 8 0.48mi
8550 Cat Rd Unit B Maurice, LA 3.0 2.0 1324 $1,650 $1.25 43d 1 0.96mi

HOA detail

Monthly dues
$195 · $2,340/yr
Likely covers
watergasinternet

Listing history 2 events

  1. 2026-05-12
    status Pending 636-char remark
    Show marketing remark (636 chars)

    Awesome builder rate + FREE front gutters OR window blinds(restrictions apply)! Located on a Cul De Sac Lot!Brand NEW Construction built by DSLD HOMES in Autumn Park! The Kirkland IV G has an open floor plan with 3 bedrooms, 2 full bathrooms. This home includes upgraded hardware for cabinets, luxury vinyl plank flooring added in bedrooms, undermount cabinet lighting & more. Special plan features: granite counters, vinyl plank flooring in living room & all wet areas, walk-in closet in primary bedroom, Wi-Fi thermostat, structured wiring panel box, tank-less gas water heater, covered patio, fully sodded yard & more!

  2. 2026-03-17
    listed $205,215 Active 636-char remark
    Show marketing remark (636 chars)

    Awesome builder rate + FREE front gutters OR window blinds(restrictions apply)! Located on a Cul De Sac Lot!Brand NEW Construction built by DSLD HOMES in Autumn Park! The Kirkland IV G has an open floor plan with 3 bedrooms, 2 full bathrooms. This home includes upgraded hardware for cabinets, luxury vinyl plank flooring added in bedrooms, undermount cabinet lighting & more. Special plan features: granite counters, vinyl plank flooring in living room & all wet areas, walk-in closet in primary bedroom, Wi-Fi thermostat, structured wiring panel box, tank-less gas water heater, covered patio, fully sodded yard & more!

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$25,067
− Mortgage interest
−$11,495
− Property taxes
−$3,078
− Insurance
−$1,026
− Repairs & maintenance
−$2,005
− Management
−$2,005
− HOA
−$2,340
− Depreciation
−$5,970
Taxable loss
−$2,853
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$685
After-tax cash flow
$1,129/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 · 6 photos

Good 80/100 Cosmetic rehab

This home is in excellent condition with new construction and upgrades, ready for move-in. Minor exterior painting and energy-efficient updates would further enhance its value.

Value-add opportunities

  • Both Paint exterior trim — Enhances curb appeal and value
  • Both Replace light fixtures with energy-efficient ones — Saves on energy costs and improves aesthetics
  • Both Install smart home devices — Enhances convenience and adds modern appeal

Renovation cost estimate screening

Value-add ROI direction

  • Both Paint exterior trim — Enhances curb appeal and value
  • Both Replace light fixtures with energy-efficient ones — Saves on energy costs and improves aesthetics
  • Both Install smart home devices — Enhances convenience and adds modern appeal

ⓘ 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
Vermilion Parish
NCES district ID
2201800
Math proficiency
40% ▼ -38.00%
Reading proficiency
53% ▼ -32.00%
Median HH income
$45,115
Composite
39.37/100
National rank
#3974
State rank
#15 of 98 in LA

Livability — Maurice

Score
76/100
State rank
#15
US rank
#3333

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Vermilion Parish · 8,759 people
City population
8,759
Metro
Lafayette, LA
Population (ZIP)
8,759
Household income
$76,213
Rent vs Own
16.5% rent · 83.5% own
Severe rent burden
46.0

Population outlook (Vermilion County) Hauer SSP2

Today (2025)
64,095 people
By 2030
65,915 · +2.8%
By 2040
68,985 · +7.6%
By 2050
70,804 · +10.5%
By 2075
73,897 · +15.3%
By 2100
71,793 · +12.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (82%)
Race & ethnicity
White 82% Black 8% Two or more races 5% Hispanic / Latino 4% Asian 3%
Common ancestry
Lithuanian 25% Romanian 3% Italian 1%
Foreign-born
2% · Vietnam
Languages at home
93% English-only · French/Haitian/Cajun 4% Vietnamese 2% Spanish 1%

Political lean MEDSL · Vermilion

2024 margin
Solid R (+63.8) · D 17.6% · R 81.4% · Other 1.1%
2008→2024 swing
-16.3pp toward R · 2008: -47.5pp · 2024: -63.8pp
All cycles
2024: R+63.8 2020: R+61.9 2016: R+59.6 2012: R+52.8 2008: R+47.5

Not yet ingested

Civics

Market trends

HPI YoY
▼ -55.61%
Current HPI
133.7146
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

Price history

2 events — show timeline
  • 2026-05-12 Pending AcadianaMLS
  • 2026-03-17 Listed $205,215 AcadianaMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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