343 Chimney Rock Blvd · Lafayette, LA 70508

$198,300

3 bd · 2.0 ba · 1,225 sqft · SingleFamily public records · 62 Days on market

Built 2012 2,613 sqft lot $162/sqft · 13% below area Est $235k · 16% under $15/mo HOA · 1% of rent

---

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 +24.0/30.0
• ARV discount +14.5/15.0
• DSCR +7.7/10.0
• 1% rule +5.5/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming patio home in the desirable Richland Heights community offers a perfect combination of comfort, style, and convenience.The open-concept design creates a bright and inviting atmosphere, perfect for both everyday life and entertaining guests. The spacious kitchen is a standout feature, boasting a large island, ample cabinet storage, and modern stainless steel appliances that anchor the main living space beautifully.The primary suite provides a private retreat with a comfortable bedroom, an en suite bathroom, and built-in cabinetry that adds both functionality and character to the home. A secondary bedroom is conveniently located near a full guest bathroom, making it perfect for visitors or adaptable for other uses such as a home office or hobby room.Situated close to Youngsville and Lafayette, this home offers an excellent balance of peaceful community living with easy access to nearby amenities, making it a great choice for those seeking both lifestyle and location

Key facts

• Open-concept design
• En suite bathroom
• Built-in cabinetry

Tags

• OPEN-CONCEPT DESIGN
• SPACIOUS KITCHEN
• LARGE ISLAND
• PRIMARY SUITE
• EN SUITE BATHROOM
• BUILT-IN CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Recommended offer: $186k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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.
• Market conditions: Rents rising (+1.2%/yr); 464 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

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.
• 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 62 days — a 6% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y 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 $150k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $186,402 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.38%
• DSCR: 1.37
• GRM: 7.9

CMA / ARV

• ARV (median comp): $234,916
• List price: $198,300
• Delta: -15.59%
• 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
335 Chimney Rock Blvd	0.02mi	3/2.0	1,219 (-0%)	3mo	$170,000	$139	96
318 Chimney Rock Blvd	0.06mi	2/2.0 (-1)	1,212 (-1%)	3mo	$180,000	$149	88
243 Chimney Rock Blvd	0.15mi	3/2.0	1,214 (-1%)	4mo	$175,000	$144	88
232 Chimney Rock Blvd	0.19mi	3/2.0	1,200 (-2%)	8mo	$198,900	$166	81
207 Chimney Rock Blvd	0.26mi	3/2.0	1,260 (+3%)	3mo	$178,000	$141	81
142 Chimney Rock Blvd	0.30mi	3/2.0	1,228 (+0%)	8mo	$202,500	$165	79
106 Newtown Dr	0.51mi	3/2.0	1,319 (+8%)	1mo	$299,999	$227	63
134 Twin Meadow Ln	0.33mi	3/2.0	1,369 (+12%)	3mo	$240,000	$175	62
209 Twin Meadow Ln	0.27mi	3/2.0	1,382 (+13%)	4mo	$242,000	$175	62
203 Caledonia Dr	0.61mi	3/1.5	1,288 (+5%)	6mo	$132,000	$102	56
218 Caledonia Dr	0.53mi	3/1.5	1,333 (+9%)	8mo	$185,000	$139	52
200 Willowbend Way	0.66mi	3/2.0	1,051 (-14%)	1mo	$225,000	$214	45

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: -9.5%
• Equity multiple: 0.66×
• Total profit: $-19,010
• Equity at exit: $29,567

10-year hold

• IRR: -2.7%
• Equity multiple: 0.83×
• Total profit: $-9,290
• Equity at exit: $17,145

Cash invested: $55,524 (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: 7.9×

Monthly cashflow live

• Estimated rent: $2,083 high
• Mortgage (P&I): −$1,040
• Tax from tax record: −$120 /mo · $1,445/yr
• Insurance: −$83
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$15
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $263

Break-even live

Break-even rent $1,751

Max offer price $198,300

Occupancy floor 82%

Sensitivity live

Price	-10% $375	-5% $319	+0% $263	+5% $207	+10% $150
Rent	-10% $98	-5% $180	+0% $263	+5% $345	+10% $427
Rate	-1.0pp $363	-0.5pp $313	base $263	+0.5pp $211	+1.0pp $159

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: $49,575
• Closing costs: $5,949
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1312 E Broussard Rd Lafayette, LA	2.0	2.0	877	$1,450	$1.65	14d	6	1.01mi
127 Santa Marta Dr Youngsville, LA	3.0	2.0	1305	$1,800	$1.38	21d	1	1.01mi
204 Crenshaw Dr Lafayette, LA	3.0	2.0	1337	$2,150	$1.61	21d	1	1.01mi
114 Gadwall Dr Youngsville, LA	2.0	2.5	1305	$1,800	$1.38	44d	1	1.40mi
130 Windermere Cir Youngsville, LA	3.0	2.0	1493	$4,500	$3.01	44d	1	1.42mi

HOA detail

• Monthly dues: $15 · $180/yr

Listing history 33 events

1. 2026-06-18
   days on market $198,300 Active 62 DOM
2. 2026-06-17
   days on market $198,300 Active 61 DOM
3. 2026-06-16
   days on market $198,300 Active 60 DOM
4. 2026-06-15
   days on market $198,300 Active 59 DOM
5. 2026-06-14
   days on market $198,300 Active 57 DOM
6. 2026-06-13
   pricedays on market $198,300 Active 56 DOM
7. 2026-06-10
   days on market $198,400 Active 54 DOM
8. 2026-06-09
   days on market $198,400 Active 53 DOM
9. 2026-06-08
   days on market $198,400 Active 52 DOM
10. 2026-06-07
    days on market $198,400 Active 51 DOM
11. 2026-06-05
    days on market $198,400 Active 48 DOM
12. 2026-06-03
    days on market $198,400 Active 47 DOM
13. 2026-06-02
    days on market $198,400 Active 46 DOM
14. 2026-06-01
    days on market $198,400 Active 45 DOM
15. 2026-05-31
    days on market $198,400 Active 44 DOM
16. 2026-05-30
    days on market $198,400 Active 43 DOM
17. 2026-05-16
    price $198,400 992-char remark

    Show marketing remark (992 chars)

    This charming patio home in the desirable Richland Heights community offers a perfect combination of comfort, style, and convenience.The open-concept design creates a bright and inviting atmosphere, perfect for both everyday life and entertaining guests. The spacious kitchen is a standout feature, boasting a large island, ample cabinet storage, and modern stainless steel appliances that anchor the main living space beautifully.The primary suite provides a private retreat with a comfortable bedroom, an en suite bathroom, and built-in cabinetry that adds both functionality and character to the home. A secondary bedroom is conveniently located near a full guest bathroom, making it perfect for visitors or adaptable for other uses such as a home office or hobby room.Situated close to Youngsville and Lafayette, this home offers an excellent balance of peaceful community living with easy access to nearby amenities, making it a great choice for those seeking both lifestyle and location

18. 2026-05-01
    price $198,500 992-char remark

    Show marketing remark (992 chars)

    This charming patio home in the desirable Richland Heights community offers a perfect combination of comfort, style, and convenience.The open-concept design creates a bright and inviting atmosphere, perfect for both everyday life and entertaining guests. The spacious kitchen is a standout feature, boasting a large island, ample cabinet storage, and modern stainless steel appliances that anchor the main living space beautifully.The primary suite provides a private retreat with a comfortable bedroom, an en suite bathroom, and built-in cabinetry that adds both functionality and character to the home. A secondary bedroom is conveniently located near a full guest bathroom, making it perfect for visitors or adaptable for other uses such as a home office or hobby room.Situated close to Youngsville and Lafayette, this home offers an excellent balance of peaceful community living with easy access to nearby amenities, making it a great choice for those seeking both lifestyle and location

19. 2026-04-17
    listed $199,000 Active 992-char remark

    Show marketing remark (992 chars)

    This charming patio home in the desirable Richland Heights community offers a perfect combination of comfort, style, and convenience.The open-concept design creates a bright and inviting atmosphere, perfect for both everyday life and entertaining guests. The spacious kitchen is a standout feature, boasting a large island, ample cabinet storage, and modern stainless steel appliances that anchor the main living space beautifully.The primary suite provides a private retreat with a comfortable bedroom, an en suite bathroom, and built-in cabinetry that adds both functionality and character to the home. A secondary bedroom is conveniently located near a full guest bathroom, making it perfect for visitors or adaptable for other uses such as a home office or hobby room.Situated close to Youngsville and Lafayette, this home offers an excellent balance of peaceful community living with easy access to nearby amenities, making it a great choice for those seeking both lifestyle and location

20. 2026-04-03
    price $199,900
21. 2026-03-28
    price $205,000
22. 2026-03-21
    price $210,000
23. 2026-03-20
    status Active
24. 2025-12-03
    price $199,900
25. 2025-12-02
    price $199,000
26. 2025-09-22
    price $202,000
27. 2025-08-21
    listed $205,000 Active
28. 2025-04-25
    price $216,000
29. 2025-03-28
    price $219,000
30. 2025-03-14
    listed $220,000 Active
31. 2012-10-18
    soldstatus $149,900
32. 2012-06-08
    soldstatus $56,000
33. 2012-05-25
    listed $149,900

ⓘ 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: $1,445 · $120/mo
• Projected year-2 tax: $1,445 · $120/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 3/10 Moderate FEMA zone A · 20% 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,000
• − Mortgage interest: −$11,108
• − Property taxes: −$1,445
• − Insurance: −$2,494
• − Repairs & maintenance: −$2,000
• − Management: −$2,000
• − HOA: −$180
• − Depreciation: −$5,769
• Taxable income: $4
• Est. tax owed @ 24.0%: −$1
• After-tax cash flow: $3,151/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

• 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

+32.4% since first listed

17 events — show timeline

• 2026-05-16 Price Changed $198,400 AcadianaMLS
• 2026-05-01 Price Changed $198,500 AcadianaMLS
• 2026-04-17 Listed $199,000 AcadianaMLS
• 2026-04-03 Price Changed $199,900 AcadianaMLS
• 2026-03-28 Price Changed $205,000 AcadianaMLS
• 2026-03-21 Price Changed $210,000 AcadianaMLS
• 2026-03-20 Relisted — AcadianaMLS
• 2025-12-03 Price Changed $199,900 AcadianaMLS
• 2025-12-02 Price Changed $199,000 AcadianaMLS
• 2025-09-22 Price Changed $202,000 AcadianaMLS
• 2025-08-21 Listed $205,000 AcadianaMLS
• 2025-04-25 Price Changed $216,000 AcadianaMLS
• 2025-03-28 Price Changed $219,000 AcadianaMLS
• 2025-03-14 Listed $220,000 AcadianaMLS
• 2012-10-18 Sold (MLS) $149,900 AcadianaMLS
• 2012-06-08 Sold (Public Records) $56,000 Public Records
• 2012-05-25 Listed $149,900 AcadianaMLS

Property tax history

+8.3%/yr

Latest (2025): $1,445 · -1.3% YoY. Source: county tax records.