702 Canberra Rd · Lafayette, LA 70503

$220,000

3 bd · 2.0 ba · 1,506 sqft · SingleFamily public records · 30 Days on market

Built 1983 Est $214k · at est.

---

Why this score? — see what drove the D 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 +14.2/30.0
• ARV discount +6.2/15.0
• DSCR +4.3/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTRACTIVE WELL MAINTAINED HOME IN GREAT NEIGHBORHOOD.MOVE IN CONDITION! LARGE MASTER BEDROOM WITH TWO LARGE CLOSETS,DOUBLE SINKS IN MASTER BATH. LARGE WOODEN DECK IN FENCED IN BACK YARD.BEAUTIFULLY LANDSCAPED FRONT YARD CA/CH ONLY 4 YRS OLD.50 GAL HWH 2 YRS OLD.DISHWASHER 2 YRS OLD.ALL FLOORING HAS BEEN REPLACED.INTERIOR HAS BEEN REPAINTED. RESERVED ITEMS, CALL OFFICE

Key facts

• Built 1983
• Listed 30 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $37 ($442/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 $180k (18.4% below list).
• Recommended offer: $180k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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; 21 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 $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 30 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y ago 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.
• Current owner paid $107k; list at $220k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,614 (18.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.82% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.72%
• DSCR: 1.03
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $213,852
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
800 Canberra Rd	0.15mi	3/2.0	1,500 (-0%)	1mo	$227,500	$152	92
619 Canberra Rd	0.05mi	3/2.0	1,568 (+4%)	1mo	$219,900	$140	90
115 Pleasant View Dr	0.08mi	3/2.0	1,464 (-3%)	6mo	$225,000	$154	86
707 Canberra Rd	0.04mi	3/2.0	1,611 (+7%)	9mo	$237,500	$147	79
914 Rosedown Ln	0.25mi	3/2.0	1,651 (+10%)	5mo	$235,000	$142	68
135 Pleasant View Dr	0.20mi	3/2.0	1,686 (+12%)	4mo	$230,000	$136	67
910 Canberra Rd	0.48mi	2/1.5 (-1)	1,430 (-5%)	3mo	$200,000	$140	60
201 B Camino Real Rd	0.55mi	3/2.0	1,616 (+7%)	4mo	$190,000	$118	59
939 Rosedown Ln	0.40mi	3/2.0	1,697 (+13%)	2mo	$250,000	$147	59
209 Driftwood Dr	0.46mi	3/2.0	1,335 (-11%)	2mo	$190,000	$142	58
408 Guidry Rd	0.66mi	3/2.0	1,361 (-10%)	0mo	$167,500	$123	53
115 Woodbranch Ct	0.37mi	2/2.0 (-1)	1,285 (-15%)	2mo	$222,000	$173	51

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: -17.9%
• Equity multiple: 0.38×
• Total profit: $-38,008
• Equity at exit: $32,803

10-year hold

• IRR: -15.6%
• Equity multiple: 0.21×
• Total profit: $-48,402
• Equity at exit: $19,022

Cash invested: $61,600 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,796 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$137 /mo · $1,641/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $37

Break-even live

Break-even rent $1,749

Max offer price $220,000

Occupancy floor 93%

Sensitivity live

Price	-10% $161	-5% $99	+0% $37	+5% $-25	+10% $-88
Rent	-10% $-105	-5% $-34	+0% $37	+5% $108	+10% $179
Rate	-1.0pp $148	-0.5pp $93	base $37	+0.5pp $-20	+1.0pp $-78

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 21 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	0.08mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	23d	1	0.44mi
330 Dunvegan Ct Lafayette, LA	3.0	2.5	1848	$2,400	$1.30	45d	1	0.61mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	15d	18	0.74mi
327 Guidry Rd Lafayette, LA	2.0	2.0	1060	$1,350	$1.27	23d	1	0.78mi
110 Pilsbury Ln Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	23d	1	0.83mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	15d	17	0.84mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	45d	1	0.90mi
104 Marblehead Ave Lafayette, LA	2.0–3.0	2.0–2.5	1448	$2,668	$1.84	15d	126	0.96mi
6000 Johnston St Lafayette, LA	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	15d	20	1.00mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	23d	1	1.11mi
303 Belle Grove Blvd Lafayette, LA	3.0	2.0	1700	$1,700	$1.00	23d	1	1.23mi
3606 Kaliste Saloom Rd Unit 201 Lafayette, LA	3.0	2.0	1402	$1,450	$1.03	23d	1	1.26mi
115 Hermitage Ave Lafayette, LA	3.0	2.0	2190	$2,000	$0.91	15d	1	1.29mi
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	15d	1	1.33mi
201 Finsbury Ln Lafayette, LA	3.0	2.0	1730	$2,575	$1.49	23d	1	1.37mi
107 Papwood Cir Lafayette, LA	3.0	2.0	1805	$2,000	$1.11	23d	1	1.46mi
221 Wakely CT Lafayette, LA	3.0	2.0	1659	$1,975	$1.19	15d	1	1.47mi
225 Shadowbrush Bnd Lafayette, LA	3.0	2.0	1585	$1,700	$1.07	45d	1	1.48mi
1630 Rue du Belier Lafayette, LA	1.0–3.0	1.0–2.0	1060	$1,600	$1.51	15d	25	1.49mi
106 Braddish Ct Lafayette, LA	3.0	2.0	1659	$1,900	$1.15	23d	1	1.50mi

Listing history 21 events

1. 2026-06-21
   days on market $220,000 Active 30 DOM
2. 2026-06-18
   days on market $220,000 Active 27 DOM
3. 2026-06-17
   days on market $220,000 Active 26 DOM
4. 2026-06-16
   days on market $220,000 Active 25 DOM
5. 2026-06-15
   days on market $220,000 Active 24 DOM
6. 2026-06-14
   days on market $220,000 Active 22 DOM
7. 2026-06-13
   days on market $220,000 Active 21 DOM
8. 2026-06-10
   days on market $220,000 Active 19 DOM
9. 2026-06-09
   days on market $220,000 Active 18 DOM
10. 2026-06-08
    days on market $220,000 Active 17 DOM
11. 2026-06-07
    days on market $220,000 Active 16 DOM
12. 2026-06-05
    days on market $220,000 Active 13 DOM
13. 2026-06-03
    days on market $220,000 Active 12 DOM
14. 2026-06-02
    days on market $220,000 Active 11 DOM
15. 2026-06-01
    days on market $220,000 Active 10 DOM
16. 2026-05-31
    days on market $220,000 Active 9 DOM
17. 2026-05-30
    days on market $220,000 Active 8 DOM
18. 2026-05-23
    listed $220,000 Active
19. 2016-10-10
    soldstatus $106,603
20. 2001-03-30
    soldstatus $114,900 371-char remark

    Show marketing remark (371 chars)

    ATTRACTIVE WELL MAINTAINED HOME IN GREAT NEIGHBORHOOD.MOVE IN CONDITION! LARGE MASTER BEDROOM WITH TWO LARGE CLOSETS,DOUBLE SINKS IN MASTER BATH. LARGE WOODEN DECK IN FENCED IN BACK YARD.BEAUTIFULLY LANDSCAPED FRONT YARD CA/CH ONLY 4 YRS OLD.50 GAL HWH 2 YRS OLD.DISHWASHER 2 YRS OLD.ALL FLOORING HAS BEEN REPLACED.INTERIOR HAS BEEN REPAINTED. RESERVED ITEMS, CALL OFFICE

21. 2001-02-28
    listed $114,900 371-char remark

    Show marketing remark (371 chars)

    ATTRACTIVE WELL MAINTAINED HOME IN GREAT NEIGHBORHOOD.MOVE IN CONDITION! LARGE MASTER BEDROOM WITH TWO LARGE CLOSETS,DOUBLE SINKS IN MASTER BATH. LARGE WOODEN DECK IN FENCED IN BACK YARD.BEAUTIFULLY LANDSCAPED FRONT YARD CA/CH ONLY 4 YRS OLD.50 GAL HWH 2 YRS OLD.DISHWASHER 2 YRS OLD.ALL FLOORING HAS BEEN REPLACED.INTERIOR HAS BEEN REPAINTED. RESERVED ITEMS, CALL OFFICE

ⓘ 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: $1,641 · $137/mo
• Projected year-2 tax: $1,641 · $137/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 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: $21,554
• − Mortgage interest: −$12,323
• − Property taxes: −$1,641
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − Depreciation: −$6,400
• Taxable loss: −$3,359
• Est. tax savings @ 24.0%: +$806
• After-tax cash flow: $1,249/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

+91.5% since first listed

4 events — show timeline

• 2026-05-23 Listed $220,000 FSBO.com
• 2016-10-10 Sold (Public Records) $106,603 Public Records
• 2001-03-30 Sold (MLS) $114,900 AcadianaMLS
• 2001-02-28 Listed $114,900 AcadianaMLS

Property tax history

+16.0%/yr

Latest (2025): $1,641 · -1.1% YoY. Source: county tax records.