212 Saxon Dr · Lafayette, LA 70508

$345,000

4 bd · 3.0 ba · 3,357 sqft · SingleFamily public records · 90 Days on market

Built 1968 0.26 ac lot $103/sqft · 27% below area Est $470k · 27% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.1/30.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious four bedroom, three bath home offers a prime location; close to everything, right off of East Bayou Parkway.It is move-in ready, and most of the big-ticket items have already been taken care of.It has a new HVAC system, a new Electric panel, New Carpet, paint inside and out, and new appliances - all of which remain with the house, including the refrigerator, washer and dryer. This property offers space galore, including an enormous game room -complete with built-in cabinetry, a mini-fridge, its' own bathroom, AND a pool/pingpong table which will stay, along with a game table and chairs. The Primary suite features a recently remodeled Bath with twin vanity centers, a walk-in shower and unbelievable closet with custom built-in storage. The Kitchen is open to the Dining and Great Room, which offers a wall of built - ins for entertainment and storage, while a custom wet bar is featured on the opposite side, complete with wine cooler and large wine rack as well. If you like to entertain, then this is YOUR House! Schedule a showing today,

Key facts

• Built-in cabinetry
• New carpet
• Enormous game room

Tags

• NEW HVAC SYSTEM
• NEW ELECTRIC PANEL
• NEW CARPET
• NEW APPLIANCES
• ENORMOUS GAME ROOM
• BUILT-IN CABINETRY

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $345k.

Deal economics

• At list price, monthly cash flow is $-266 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $298k (13.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (28.3% below list).
• Recommended offer: $247k (28.3% below list) — sets the bar for 1% rule.

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.
• Market conditions: Rents rising (+1.2%/yr); 464 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 35% of the median local income ($86k/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 $2k of loan paydown is wiped out by about $10k 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 90 days — a 6% lower offer ($324k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $247,348 (28.3% 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 90 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.72% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.30%
• DSCR: 0.85
• GRM: 11.6

CMA / ARV

• ARV (median comp): $470,250
• List price: $345,000
• Delta: -26.63%
• 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
201 Saxon Dr	0.13mi	5/2.5 (+1)	3,266 (-3%)	3mo	$377,500	$116	80
101 Camberly Cir	0.20mi	4/2.5	3,155 (-6%)	6mo	$580,000	$184	73
1 Eureka Plantation Rd	0.27mi	4/3.0	3,669 (+9%)	6mo	$775,000	$211	67
1003 E Bayou Pkwy	0.24mi	5/2.5 (+1)	3,150 (-6%)	7mo	$584,000	$185	66
315 Kings Rd	0.49mi	4/3.5	3,547 (+6%)	4mo	$860,000	$242	62
336 Lippi Blvd	0.55mi	4/3.0	2,986 (-11%)	1mo	$490,000	$164	55
103 Stonehill Rd	0.67mi	4/3.5	3,117 (-7%)	1mo	$485,000	$156	54
308 Wentworth Blvd	0.47mi	4/3.5	3,035 (-10%)	7mo	$425,000	$140	54
109 Canterbury Rd	0.72mi	3/3.5 (-1)	3,410 (+2%)	6mo	$668,350	$196	52
212 Aberdeen Dr	0.42mi	4/2.5	2,855 (-15%)	3mo	$419,500	$147	51
404 Lippi Blvd	0.59mi	4/3.5	3,796 (+13%)	7mo	$560,000	$148	43
1116 Kim Dr	0.66mi	4/4.0	3,005 (-10%)	7mo	$475,000	$158	42

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 · 1.23% rent growth · sell at horizon

5-year hold

• IRR: -23.7%
• Equity multiple: 0.20×
• Total profit: $-77,209
• Equity at exit: $51,441

10-year hold

• IRR: -23.9%
• Equity multiple: -0.10×
• Total profit: $-106,409
• Equity at exit: $29,829

Cash invested: $96,600 (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 70508

• Home prices YoY: -34.7%
• Rents YoY: 1.2%
• Active inventory: 464
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,473 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$267 /mo · $3,199/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $-266

Break-even live

Break-even rent $2,810

Max offer price $298,095

Occupancy floor —

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: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 N Locksley Dr Lafayette, LA	4.0	2.0	2639	$2,200	$0.83	43d	1	0.36mi
1003 Camellia Blvd Unit 200 Lafayette, LA	3.0	3.0	2550	$3,800	$1.49	43d	1	0.92mi
504 Alonda Dr Lafayette, LA	4.0	2.0	2617	$2,700	$1.03	43d	1	1.10mi

Listing history 31 events

1. 2026-06-18
   days on market $345,000 Active 90 DOM
2. 2026-06-17
   days on market $345,000 Active 89 DOM
3. 2026-06-16
   days on market $345,000 Active 88 DOM
4. 2026-06-15
   days on market $345,000 Active 87 DOM
5. 2026-06-14
   days on market $345,000 Active 85 DOM
6. 2026-06-13
   days on market $345,000 Active 84 DOM
7. 2026-06-10
   days on market $345,000 Active 82 DOM
8. 2026-06-09
   days on market $345,000 Active 81 DOM
9. 2026-06-08
   days on market $345,000 Active 80 DOM
10. 2026-06-07
    days on market $345,000 Active 79 DOM
11. 2026-06-05
    days on market $345,000 Active 76 DOM
12. 2026-06-03
    days on market $345,000 Active 75 DOM
13. 2026-06-02
    days on market $345,000 Active 74 DOM
14. 2026-06-01
    days on market $345,000 Active 73 DOM
15. 2026-05-31
    days on market $345,000 Active 72 DOM
16. 2026-05-30
    days on market $345,000 Active 71 DOM
17. 2026-05-15
    price $345,000 1067-char remark

    Show marketing remark (1067 chars)

    This spacious four bedroom, three bath home offers a prime location; close to everything, right off of East Bayou Parkway.It is move-in ready, and most of the big-ticket items have already been taken care of.It has a new HVAC system, a new Electric panel, New Carpet, paint inside and out, and new appliances - all of which remain with the house, including the refrigerator, washer and dryer. This property offers space galore, including an enormous game room -complete with built-in cabinetry, a mini-fridge, its' own bathroom, AND a pool/pingpong table which will stay, along with a game table and chairs. The Primary suite features a recently remodeled Bath with twin vanity centers, a walk-in shower and unbelievable closet with custom built-in storage. The Kitchen is open to the Dining and Great Room, which offers a wall of built - ins for entertainment and storage, while a custom wet bar is featured on the opposite side, complete with wine cooler and large wine rack as well. If you like to entertain, then this is YOUR House! Schedule a showing today,

18. 2026-03-20
    listed $352,000 Active 1067-char remark

    Show marketing remark (1067 chars)

    This spacious four bedroom, three bath home offers a prime location; close to everything, right off of East Bayou Parkway.It is move-in ready, and most of the big-ticket items have already been taken care of.It has a new HVAC system, a new Electric panel, New Carpet, paint inside and out, and new appliances - all of which remain with the house, including the refrigerator, washer and dryer. This property offers space galore, including an enormous game room -complete with built-in cabinetry, a mini-fridge, its' own bathroom, AND a pool/pingpong table which will stay, along with a game table and chairs. The Primary suite features a recently remodeled Bath with twin vanity centers, a walk-in shower and unbelievable closet with custom built-in storage. The Kitchen is open to the Dining and Great Room, which offers a wall of built - ins for entertainment and storage, while a custom wet bar is featured on the opposite side, complete with wine cooler and large wine rack as well. If you like to entertain, then this is YOUR House! Schedule a showing today,

19. 2023-02-13
    soldstatus $311,000 Sold 1094-char remark

    Show marketing remark (1094 chars)

    Under $100/sqft. This large home is in a prime location right off of East Bayou pkwy. and has space for everyone with 4 bedrooms and 3 full bathrooms. The master suite was fully renovated in 2021 with a Gorgeous spa-like shower( 3 shower heads) and a spacious walk-in closet. The home also boasts an additional SEVEN closets for all of your storage needs. The kitchen is open to the dining and living room. Another amenity you will not find in this price range is the HUGE Game Room. The game room comes equipped with a pool table/ping pong table and a putting green for practicing your golf swing. This area is great for entertaining or keeping the kids occupied while you enjoy the generously sized living room. Other bonus features include tons of cabinet space, a built in wine rack, wet bar, and a walk-in pantry. There is also a speaker system in the living room and kitchen. Outside, you will find 2 spaces to sit and unwind- a covered patio space on the left and a back porch with lots of privacy. If you are looking for room to spread out and relax, schedule a showing today!

20. 2023-01-18
    status Pending 1094-char remark

    Show marketing remark (1094 chars)

    Under $100/sqft. This large home is in a prime location right off of East Bayou pkwy. and has space for everyone with 4 bedrooms and 3 full bathrooms. The master suite was fully renovated in 2021 with a Gorgeous spa-like shower( 3 shower heads) and a spacious walk-in closet. The home also boasts an additional SEVEN closets for all of your storage needs. The kitchen is open to the dining and living room. Another amenity you will not find in this price range is the HUGE Game Room. The game room comes equipped with a pool table/ping pong table and a putting green for practicing your golf swing. This area is great for entertaining or keeping the kids occupied while you enjoy the generously sized living room. Other bonus features include tons of cabinet space, a built in wine rack, wet bar, and a walk-in pantry. There is also a speaker system in the living room and kitchen. Outside, you will find 2 spaces to sit and unwind- a covered patio space on the left and a back porch with lots of privacy. If you are looking for room to spread out and relax, schedule a showing today!

21. 2022-12-20
    listed $320,000 Active 1094-char remark

    Show marketing remark (1094 chars)

    Under $100/sqft. This large home is in a prime location right off of East Bayou pkwy. and has space for everyone with 4 bedrooms and 3 full bathrooms. The master suite was fully renovated in 2021 with a Gorgeous spa-like shower( 3 shower heads) and a spacious walk-in closet. The home also boasts an additional SEVEN closets for all of your storage needs. The kitchen is open to the dining and living room. Another amenity you will not find in this price range is the HUGE Game Room. The game room comes equipped with a pool table/ping pong table and a putting green for practicing your golf swing. This area is great for entertaining or keeping the kids occupied while you enjoy the generously sized living room. Other bonus features include tons of cabinet space, a built in wine rack, wet bar, and a walk-in pantry. There is also a speaker system in the living room and kitchen. Outside, you will find 2 spaces to sit and unwind- a covered patio space on the left and a back porch with lots of privacy. If you are looking for room to spread out and relax, schedule a showing today!

22. 2022-08-31
    status Pending
23. 2022-07-19
    price $319,000
24. 2022-06-22
    price $333,999
25. 2022-06-11
    price $349,000
26. 2022-04-19
    price $359,000
27. 2022-03-25
    listed $385,000 Active
28. 2005-09-16
    soldstatus $215,000
29. 2005-05-18
    listed $219,000
30. 1999-08-18
    soldstatus $145,000
31. 1999-05-06
    listed $158,500

ⓘ 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: $3,199 · $267/mo
• Projected year-2 tax: $3,199 · $267/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 ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,682
• − Mortgage interest: −$19,325
• − Property taxes: −$3,199
• − Insurance: −$1,725
• − Repairs & maintenance: −$2,375
• − Management: −$2,375
• − Depreciation: −$10,036
• Taxable loss: −$9,353
• Est. tax savings @ 24.0%: +$2,245
• After-tax cash flow: $-941/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): 40,592
• Household income: $86,005
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 1860.0

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 (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 20% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 2% 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: ▼ -76.28%
• Current HPI: 143.6305
• Rent YoY: ▲ 1.23%
• 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

+117.7% since first listed

15 events — show timeline

• 2026-05-15 Price Changed $345,000 AcadianaMLS
• 2026-03-20 Listed $352,000 AcadianaMLS
• 2023-02-13 Sold (MLS) $311,000 AcadianaMLS
• 2023-01-18 Pending — AcadianaMLS
• 2022-12-20 Listed $320,000 AcadianaMLS
• 2022-08-31 Pending — AcadianaMLS
• 2022-07-19 Price Changed $319,000 AcadianaMLS
• 2022-06-22 Price Changed $333,999 AcadianaMLS
• 2022-06-11 Price Changed $349,000 AcadianaMLS
• 2022-04-19 Price Changed $359,000 AcadianaMLS
• 2022-03-25 Listed $385,000 AcadianaMLS
• 2005-09-16 Sold (MLS) $215,000 AcadianaMLS
• 2005-05-18 Listed $219,000 AcadianaMLS
• 1999-08-18 Sold (MLS) $145,000 AcadianaMLS
• 1999-05-06 Listed $158,500 AcadianaMLS

Property tax history

+7.5%/yr

Latest (2025): $3,199 · -1.1% YoY. Source: county tax records.