128 Emerald Star Ln · Scott, LA 70506

$239,000

4 bd · 2.0 ba · 2,040 sqft · SingleFamily public records · 37 Days on market

Built 2021 5,662 sqft lot $117/sqft · 8% below area Est $267k · 10% under $46/mo HOA · 2% of rent

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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 +17.4/30.0
• ARV discount +12.2/15.0
• DSCR +5.4/10.0
• 1% rule +4.2/10.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Beautiful Emerald Lake Subdivision. This Brand New Subdivision features a beautiful green space and a pond. Minutes from shopping, dining, and everything that the Heart of Lafayette has to offer. This home features smart home technology including but not limited to An IQ 7 Inch Video Panel, Skybell Video Door Bell, Amazon Dot, Honeywell Smart Thermostat, Remote Door Lock, Remote Light Switch, Lamp Module, Plus all can be controlled with a Smart Phone. This home is competitively priced and will not last long!

Key facts

• Open floor plan
• Freestanding island
• Mini split in garage

Tags

• PRIME LOCATION
• EASY ACCESS TO I-10
• MINI SPLIT IN GARAGE
• OPEN FLOOR PLAN
• GRANITE COUNTERTOPS
• FREESTANDING ISLAND

Property features AI

Finance

• HOA & community: Homeowners association with $550 annual fee (includes accounting)

Exterior

• Parking: 2 covered parking spaces; 2 total parking spaces; Has garage (2 spaces)
• Utilities: Public sewer; Electric service: SLEMCO
• Home design: Single family residence; City street frontage
• Construction: Brick veneer and vinyl siding over frame construction; Composition roof
• Exterior features: Full wood fencing; Covered patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Refrigerator; Gas stove/oven
• Flooring: Vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: High ceilings; Kitchen island; Walk-in pantry; Walk-in closets; Granite countertops; Aluminum frame windows
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (8.4% below list).
• Recommended offer: $219k (8.4% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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: Rents rising fast (+4.1%/yr); 404 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,190/mo this rent would consume 46% of the median local household income ($57k/yr) (locally 2095% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 37 days — a 3% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago; this cycle's ask is 12001% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• 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 $218,988 (8.4% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 8% 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.25%
• DSCR: 1.14
• GRM: 9.1

CMA / ARV

• ARV (median comp): $266,713
• List price: $239,000
• Delta: -10.39%
• 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
123 Baltic St	0.13mi	4/2.0	2,053 (+1%)	8mo	$275,000	$134	86
134 Emerald Star Ln	0.03mi	4/2.0	1,874 (-8%)	23mo	$250,000	$133	66
116 Onyx St	0.12mi	3/2.0 (-1)	1,877 (-8%)	14mo	$257,000	$137	64
109 Kohen Luke Dr	0.10mi	3/2.0 (-1)	1,768 (-13%)	6mo	$190,500	$108	63
100 Sheridan Dr	0.57mi	3/2.0 (-1)	2,113 (+4%)	2mo	$223,000	$106	61
208 Long Creek Ln	0.53mi	4/2.0	1,873 (-8%)	1mo	$289,999	$155	61
117 Larry St	0.33mi	3/2.0 (-1)	1,800 (-12%)	0mo	$175,000	$97	60
117 Silver Medal Dr	0.62mi	3/2.0 (-1)	2,098 (+3%)	6mo	$262,500	$125	56
240 Ivory St	0.20mi	3/2.0 (-1)	1,774 (-13%)	14mo	$245,000	$138	53
200 Long Creek Ln	0.50mi	4/2.5	1,895 (-7%)	12mo	$294,500	$155	53
102 Long Creek Ln	0.52mi	4/2.0	1,816 (-11%)	15mo	$288,900	$159	45
102 Breckenridge Loop	0.52mi	3/2.5 (-1)	2,316 (+14%)	15mo	$180,000	$78	34

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 · 4.12% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.63×
• Total profit: $-24,707
• Equity at exit: $35,636

10-year hold

• IRR: 0.8%
• Equity multiple: 1.06×
• Total profit: $3,719
• Equity at exit: $20,664

Cash invested: $66,920 (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 70506

• Home prices YoY: -34.8%
• Rents YoY: 4.1%
• Active inventory: 404
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,190 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$150 /mo · $1,796/yr
• Insurance: −$100
• HOA: −$46
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $181

Break-even live

Break-even rent $1,960

Max offer price $239,000

Occupancy floor 87%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 Pinto St Lafayette, LA	3.0	2.0	1601	$2,300	$1.44	43d	1	0.24mi
128 Oak Village Dr Scott, LA	3.0	2.0	1445	$2,450	$1.70	13d	1	1.44mi

HOA detail

• Monthly dues: $46 · $552/yr

Listing history 25 events

1. 2026-06-10
   days on market $239,000 Active 37 DOM
2. 2026-06-09
   days on market $239,000 Active 36 DOM
3. 2026-06-08
   days on market $239,000 Active 35 DOM
4. 2026-06-07
   days on market $239,000 Active 34 DOM
5. 2026-06-05
   days on market $239,000 Active 31 DOM
6. 2026-06-03
   days on market $239,000 Active 30 DOM
7. 2026-06-02
   days on market $239,000 Active 29 DOM
8. 2026-06-01
   days on market $239,000 Active 28 DOM
9. 2026-05-31
   days on market $239,000 Active 27 DOM
10. 2026-05-30
    days on market $239,000 Active 26 DOM
11. 2026-05-04
    listed $239,000 Active 1007-char remark
12. 2025-11-03
    historical $1,900
13. 2025-10-21
    price $1,900
14. 2025-10-20
    price $234,000
15. 2025-10-08
    status Active
16. 2025-09-27
    price $238,000
17. 2025-09-15
    listed $2,000
18. 2025-09-08
    price $245,000
19. 2025-08-10
    price $249,900
20. 2025-07-20
    price $259,900
21. 2025-06-10
    price $265,500
22. 2025-05-15
    price $269,000
23. 2025-03-29
    listed $275,000 Active
24. 2021-04-30
    soldstatus $216,500

    Show marketing remark (524 chars)

    Welcome to Beautiful Emerald Lake Subdivision. This Brand New Subdivision features a beautiful green space and a pond. Minutes from shopping, dining, and everything that the Heart of Lafayette has to offer. This home features smart home technology including but not limited to An IQ 7 Inch Video Panel, Skybell Video Door Bell, Amazon Dot, Honeywell Smart Thermostat, Remote Door Lock, Remote Light Switch, Lamp Module, Plus all can be controlled with a Smart Phone. This home is competitively priced and will not last long!

25. 2020-07-29
    listed $216,500

    Show marketing remark (524 chars)

    Welcome to Beautiful Emerald Lake Subdivision. This Brand New Subdivision features a beautiful green space and a pond. Minutes from shopping, dining, and everything that the Heart of Lafayette has to offer. This home features smart home technology including but not limited to An IQ 7 Inch Video Panel, Skybell Video Door Bell, Amazon Dot, Honeywell Smart Thermostat, Remote Door Lock, Remote Light Switch, Lamp Module, Plus all can be controlled with a Smart Phone. This home is competitively priced and will not last long!

ⓘ 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: $1,796 · $150/mo
• Projected year-2 tax: $1,796 · $150/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,279
• − Mortgage interest: −$13,388
• − Property taxes: −$1,796
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,102
• − Management: −$2,102
• − HOA: −$552
• − Depreciation: −$6,953
• Taxable loss: −$1,809
• Est. tax savings @ 24.0%: +$434
• After-tax cash flow: $2,612/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 — 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): 42,318
• Household income: $57,379
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 2095.0

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 0.58)
• Race & ethnicity: White 60% Black 20% Hispanic / Latino 13% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 18% Armenian 1% Slovak 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 9% French/Haitian/Cajun 3% Vietnamese 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: ▼ -75.28%
• Current HPI: 140.8445
• Rent YoY: ▲ 4.12%
• 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

-99.1% since first listed

17 events — show timeline

• 2026-06-10 Rental Removed $1,975 RAAMLS
• 2026-05-30 Listed for Rent $1,975 RAAMLS
• 2026-05-04 Listed $239,000 AcadianaMLS
• 2025-11-03 Rental Removed $1,900 RAAMLS
• 2025-10-21 Price Changed $1,900 RAAMLS
• 2025-10-20 Price Changed $234,000 AcadianaMLS
• 2025-10-08 Relisted — AcadianaMLS
• 2025-09-27 Price Changed $238,000 AcadianaMLS
• 2025-09-15 Listed for Rent $2,000 RAAMLS
• 2025-09-08 Price Changed $245,000 AcadianaMLS
• 2025-08-10 Price Changed $249,900 AcadianaMLS
• 2025-07-20 Price Changed $259,900 AcadianaMLS
• 2025-06-10 Price Changed $265,500 AcadianaMLS
• 2025-05-15 Price Changed $269,000 AcadianaMLS
• 2025-03-29 Listed $275,000 AcadianaMLS
• 2021-04-30 Sold (MLS) $216,500 AcadianaMLS
• 2020-07-29 Listed $216,500 AcadianaMLS

Property tax history

+52.1%/yr

Latest (2025): $1,796 · -1.3% YoY. Source: county tax records.