701 S College Rd #109 · Lafayette, LA 70503

$82,500

1 bd · 1.0 ba · 650 sqft · Townhouse public records · 233 Days on market

Built 1982 $127/sqft · 5% below area Est $88k · 7% under $224/mo HOA · 24% of rent

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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 +12.1/30.0
• ARV discount +10.5/15.0
• 1% rule +6.1/10.0
• DSCR +3.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this fantastic One Bed / One Bath ground floor corner unit. It offers quick access to hospitals, schools, shopping and more. The unit has had some updates over the last few years, like flooring, electrical, cabinetry, appliances, HVAC, and more. AND, is being sold with all of the appliances. Just move in your furniture and you're set. The unit also has a strong rental history if you're looking for an investment opportunity. Schedule your showing today before it's gone. Some photos have been AI staged for illustration purposes only. Furnishings not provided as part of sale.

Key facts

• Parking
• Built 1982
• Listed 233 days

Tags

• GROUND FLOOR CORNER UNIT
• QUICK ACCESS TO HOSPITALS
• QUICK ACCESS TO SCHOOLS
• QUICK ACCESS TO SHOPPING
• UPDATES LIKE FLOORING
• UPDATES LIKE ELECTRICAL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $82k.

Deal economics

• At list price, monthly cash flow is $-19 ($-226/yr) — negative.
• To cash-flow at today's rent, offer at most $79k (4.0% below list).
• Meets the 1% rule at list price ($917 rent vs $82k).
• Recommended offer: $73k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 4.7% in Lafayette — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); L.J. Alleman Middle School (math 48% / reading 56%, grade C+, #23 of 218 statewide, top 10%, 952 students, 54% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 14 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).
• This rent is only 12% of the median local income ($95k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $570 of loan paydown is wiped out by about $2k 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 233 days — a 12% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y 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 $54k; list at $82k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.

Recommended offer $72,600 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
9. 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.
10. 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.
11. 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: 1.11% ✓
• Cap rate: 6.02%
• Cash-on-cash: -0.98%
• DSCR: 0.96
• GRM: 7.5

CMA / ARV

• ARV (median comp): $88,406
• List price: $82,500
• Delta: -6.68%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3121 Johnston St #238	0.75mi	1/1.0	618 (-5%)	11mo	$85,000	$138	48

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: -21.7%
• Equity multiple: 0.27×
• Total profit: $-16,820
• Equity at exit: $12,301

10-year hold

• IRR: -26.9%
• Equity multiple: -0.08×
• Total profit: $-24,939
• Equity at exit: $7,133

Cash invested: $23,100 (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: 7.5×

Monthly cashflow live

• Estimated rent: $917 high
• Mortgage (P&I): −$433
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$34
• HOA: −$224
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $-19

Break-even live

Break-even rent $941

Max offer price $79,175

Occupancy floor 97%

Sensitivity live

Price	-10% $28	-5% $5	+0% $-19	+5% $-42	+10% $-66
Rent	-10% $-91	-5% $-55	+0% $-19	+5% $17	+10% $54
Rate	-1.0pp $23	-0.5pp $2	base $-19	+0.5pp $-40	+1.0pp $-62

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: $20,625
• Closing costs: $2,475
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 S College Rd Lafayette, LA	1.0–2.0	1.0	659	$757	$1.15	15d	5	0.22mi
112 Hillside Dr #26 Lafayette, LA	1.0	1.0	741	$995	$1.34	45d	1	0.37mi
106 Seville Blvd Unit B Lafayette, LA	1.0	1.0	584	$850	$1.46	45d	1	0.75mi
131 1/2 Mildred St Unit C Lafayette, LA	1.0	1.0	500	$625	$1.25	15d	1	0.89mi
715 Harding St Unit 5 Lafayette, LA	1.0	1.0	500	$725	$1.45	45d	1	1.19mi
1318 Lee Ave Unit B6 Lafayette, LA	1.0	1.0	400	$750	$1.88	23d	1	1.23mi
1318 Lee Ave Unit C7 Lafayette, LA	1.0	1.0	450	$1,150	$2.56	15d	1	1.23mi
600 E University Ave #7 Lafayette, LA	1.0	1.0	600	$995	$1.66	45d	1	1.28mi
101 Westwood Dr Lafayette, LA	1.0	1.0	651	$1,036	$1.59	15d	3	1.33mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	15d	1	1.38mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	45d	1	1.39mi
305 Ella St Unit 3 Lafayette, LA	1.0	1.5	515	$995	$1.93	15d	1	1.43mi
328 1/2 Theodora Blvd Lafayette, LA	1.0	1.0	440	$1,100	$2.50	15d	1	1.46mi
328 Theodora Blvd Unit 1/2 Lafayette, LA	1.0	1.0	440	$1,100	$2.50	23d	1	1.46mi

HOA detail

• Monthly dues: $224 · $2,688/yr
• Likely covers: electric

Listing history 29 events

1. 2026-06-21
   days on market $82,500 Active 233 DOM
2. 2026-06-18
   days on market $82,500 Active 230 DOM
3. 2026-06-17
   days on market $82,500 Active 229 DOM
4. 2026-06-16
   days on market $82,500 Active 228 DOM
5. 2026-06-15
   days on market $82,500 Active 227 DOM
6. 2026-06-14
   days on market $82,500 Active 225 DOM
7. 2026-06-13
   days on market $82,500 Active 224 DOM
8. 2026-06-10
   days on market $82,500 Active 222 DOM
9. 2026-06-09
   days on market $82,500 Active 221 DOM
10. 2026-06-08
    days on market $82,500 Active 220 DOM
11. 2026-06-07
    days on market $82,500 Active 219 DOM
12. 2026-06-05
    days on market $82,500 Active 216 DOM
13. 2026-06-03
    days on market $82,500 Active 215 DOM
14. 2026-06-02
    days on market $82,500 Active 214 DOM
15. 2026-06-01
    days on market $82,500 Active 213 DOM
16. 2026-05-31
    days on market $82,500 Active 212 DOM
17. 2026-05-30
    days on market $82,500 Active 211 DOM
18. 2026-04-14
    price $82,500 589-char remark

    Show marketing remark (589 chars)

    Check out this fantastic One Bed / One Bath ground floor corner unit. It offers quick access to hospitals, schools, shopping and more. The unit has had some updates over the last few years, like flooring, electrical, cabinetry, appliances, HVAC, and more. AND, is being sold with all of the appliances. Just move in your furniture and you're set. The unit also has a strong rental history if you're looking for an investment opportunity. Schedule your showing today before it's gone. Some photos have been AI staged for illustration purposes only. Furnishings not provided as part of sale.

19. 2025-11-18
    status Active 589-char remark

    Show marketing remark (589 chars)

    Check out this fantastic One Bed / One Bath ground floor corner unit. It offers quick access to hospitals, schools, shopping and more. The unit has had some updates over the last few years, like flooring, electrical, cabinetry, appliances, HVAC, and more. AND, is being sold with all of the appliances. Just move in your furniture and you're set. The unit also has a strong rental history if you're looking for an investment opportunity. Schedule your showing today before it's gone. Some photos have been AI staged for illustration purposes only. Furnishings not provided as part of sale.

20. 2025-11-10
    status Pending 589-char remark

    Show marketing remark (589 chars)

    Check out this fantastic One Bed / One Bath ground floor corner unit. It offers quick access to hospitals, schools, shopping and more. The unit has had some updates over the last few years, like flooring, electrical, cabinetry, appliances, HVAC, and more. AND, is being sold with all of the appliances. Just move in your furniture and you're set. The unit also has a strong rental history if you're looking for an investment opportunity. Schedule your showing today before it's gone. Some photos have been AI staged for illustration purposes only. Furnishings not provided as part of sale.

21. 2025-10-14
    listed $85,000 Active 589-char remark

    Show marketing remark (589 chars)

    Check out this fantastic One Bed / One Bath ground floor corner unit. It offers quick access to hospitals, schools, shopping and more. The unit has had some updates over the last few years, like flooring, electrical, cabinetry, appliances, HVAC, and more. AND, is being sold with all of the appliances. Just move in your furniture and you're set. The unit also has a strong rental history if you're looking for an investment opportunity. Schedule your showing today before it's gone. Some photos have been AI staged for illustration purposes only. Furnishings not provided as part of sale.

22. 2013-11-22
    listed $78,000
23. 2010-06-10
    soldstatus $53,700
24. 2010-06-10
    soldstatus $53,700
25. 2009-10-15
    listed $65,000
26. 2005-08-30
    soldstatus $50,000
27. 2005-01-28
    listed $52,500
28. 2000-06-29
    soldstatus $39,900
29. 2000-05-19
    listed $39,900

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $627 · $52/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,004
• − Mortgage interest: −$4,621
• − Property taxes: −$627
• − Insurance: −$412
• − Repairs & maintenance: −$880
• − Management: −$880
• − HOA: −$2,688
• − Depreciation: −$2,400
• Taxable loss: −$1,505
• Est. tax savings @ 24.0%: +$361
• After-tax cash flow: $135/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

+106.8% since first listed

12 events — show timeline

• 2026-04-14 Price Changed $82,500 AcadianaMLS
• 2025-11-18 Relisted — AcadianaMLS
• 2025-11-10 Pending — AcadianaMLS
• 2025-10-14 Listed $85,000 AcadianaMLS
• 2013-11-22 Listed $78,000 AcadianaMLS
• 2010-06-10 Sold (Public Records) $53,700 Public Records
• 2010-06-10 Sold (MLS) $53,700 AcadianaMLS
• 2009-10-15 Listed $65,000 AcadianaMLS
• 2005-08-30 Sold (MLS) $50,000 AcadianaMLS
• 2005-01-28 Listed $52,500 AcadianaMLS
• 2000-06-29 Sold (MLS) $39,900 AcadianaMLS
• 2000-05-19 Listed $39,900 AcadianaMLS

Property tax history

+3.1%/yr

Latest (2025): $627 · -1.1% YoY. Source: county tax records.