340 White Pine Dr · Lafayette, LA 70501

$246,500

4 bd · 2.0 ba · 1,874 sqft · SingleFamily · 92 Days on market

Good condition 6,098 sqft lot $132/sqft · at area comps Est $242k · at est. $33/mo HOA · 1% 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 +18.9/30.0
• ARV discount +6.6/15.0
• DSCR +5.9/10.0
• 1% rule +5.2/10.0
• Rent growth +4.3/5.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come by today to check out Cedar Creek, a new home community in Lafayette, Louisiana! This popular Lafayette Community, now in its second phase, is conveniently located near Louisiana Avenue and is a short way away from David Thibodeaux STEM Magnet Academy and Acadiana Park. Venture a little further and you're only minutes from 7 Different Private Schools, 2 Charter Schools, the University of Louisiana of Lafayette, and the beautiful Downtown Lafayette. Living here, you will enjoy a sense of community with easy access to many major employers, shopping, dining, and entertainment. While Lafayette has something for everyone to enjoy, it is especially known for its bright culture and delicious food choices! Cedar Creek offers an excellent selection of three, four, and five-bedroom floorplans ranging from 1,447 square feet to 2,772 square feet at an affordable price point. These are well-designed and spacious homes with modern open floor plan designs. The kitchens all have granite island and countertops, tile backsplash, stainless- steel appliances inclusive of gas range, dishwasher, and micro hood, and walk-in pantry. The main bedroom suites have a large walk-in closet and spacious ensuite bath. Our stunning exteriors feature brick elevations with a low maintenance landscape package and fully sodded yards. Cedar Creek homes include energy efficient features throughout to give you peace of mind, D.R. Horton's unrivaled warranties and each come completed with our Smart Home Technology package that includes smart products integrated throughout your home and designed to bring the convenience of life right to your fingertips. Don't miss out on the opportunity to call Cedar Creek home. Schedule your tour today.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Listed 92 days

Tags

• CEDAR CREEK COMMUNITY
• NEAR LOUISIANA AVENUE
• MINUTES FROM 2 CHARTER SCHOOLS
• EASY ACCESS TO MAJOR EMPLOYERS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $246k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $252 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $246k).
• Recommended offer: $224k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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.
• Market conditions: Rents rising fast (+7.3%/yr); 246 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,517/mo this rent would consume 91% of the median local household income ($33k/yr) (locally 2089% 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.
• At projected returns (-3.0% appreciation + 7.3% rent growth), your $69k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($224k) is reasonable based on typical stale-listing flexibility.

Recommended offer $224,315 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.38%
• DSCR: 1.19
• GRM: 8.2

CMA / ARV

• ARV (median comp): $241,841
• List price: $246,500
• Delta: 1.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 White Pine Dr	0.00mi	4/2.0	1,874 (0%)	1mo	$249,000	$133	99
328 White Pine Dr	0.00mi	4/2.0	1,874 (0%)	1mo	$254,500	$136	99
120 Red Pine Dr	0.13mi	4/2.0	1,874 (0%)	6mo	$239,900	$128	89
204 White Pine Dr	0.02mi	4/2.0	1,786 (-5%)	6mo	$236,000	$132	86
335 White Pine Dr	0.00mi	4/2.0	1,704 (-9%)	1mo	$237,000	$139	84
332 White Pine Dr	0.02mi	4/2.0	2,079 (+11%)	6mo	$269,000	$129	76
423 Starlight Dr	0.20mi	4/2.0	1,700 (-9%)	0mo	$230,000	$135	75
330 White Pine Dr	0.00mi	5/3.0 (+1)	2,087 (+11%)	1mo	$269,500	$129	71
319 White Pine Dr	0.00mi	3/2.0 (-1)	1,613 (-14%)	2mo	$235,500	$146	70
333 White Pine Dr	0.00mi	3/2.0 (-1)	1,613 (-14%)	2mo	$235,000	$146	70
336 White Pine Dr	0.02mi	3/2.0 (-1)	1,616 (-14%)	3mo	$242,000	$150	68
102 Kingswood Dr	0.59mi	3/2.0 (-1)	1,775 (-5%)	4mo	$215,000	$121	55

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 · 7.35% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.82×
• Total profit: $-12,348
• Equity at exit: $36,754

10-year hold

• IRR: 9.6%
• Equity multiple: 1.89×
• Total profit: $61,758
• Equity at exit: $21,313

Cash invested: $69,020 (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 70501

• Rents YoY: 7.3%
• Active inventory: 246
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,293
• Tax est. 1.5%: −$308 /mo · $3,698/yr
• Insurance: −$103
• HOA: −$33
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $252

Break-even live

Break-even rent $2,198

Max offer price $246,500

Occupancy floor 85%

Sensitivity live

Price	-10% $422	-5% $337	+0% $252	+5% $167	+10% $81
Rent	-10% $53	-5% $152	+0% $252	+5% $351	+10% $451
Rate	-1.0pp $376	-0.5pp $315	base $252	+0.5pp $188	+1.0pp $123

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: $61,625
• Closing costs: $7,395
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	14d	1	0.10mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	14d	1	0.27mi

HOA detail

• Monthly dues: $33 · $396/yr
• Likely covers: gas

Listing history 18 events

1. 2026-06-18
   days on market $246,500 Active 92 DOM
2. 2026-06-17
   days on market $246,500 Active 91 DOM
3. 2026-06-16
   days on market $246,500 Active 90 DOM
4. 2026-06-15
   days on market $246,500 Active 89 DOM
5. 2026-06-14
   days on market $246,500 Active 87 DOM
6. 2026-06-13
   days on market $246,500 Active 86 DOM
7. 2026-06-10
   days on market $246,500 Active 84 DOM
8. 2026-06-09
   days on market $246,500 Active 83 DOM
9. 2026-06-08
   days on market $246,500 Active 82 DOM
10. 2026-06-07
    days on market $246,500 Active 81 DOM
11. 2026-06-05
    days on market $246,500 Active 78 DOM
12. 2026-06-03
    days on market $246,500 Active 77 DOM
13. 2026-06-02
    pricedays on market $246,500 Active 76 DOM
14. 2026-06-01
    days on market $254,000 Active 75 DOM
15. 2026-05-31
    days on market $254,000 Active 74 DOM
16. 2026-05-30
    days on market $254,000 Active 73 DOM
17. 2026-05-18
    price $254,000 1730-char remark

    Show marketing remark (1730 chars)

    Come by today to check out Cedar Creek, a new home community in Lafayette, Louisiana! This popular Lafayette Community, now in its second phase, is conveniently located near Louisiana Avenue and is a short way away from David Thibodeaux STEM Magnet Academy and Acadiana Park. Venture a little further and you're only minutes from 7 Different Private Schools, 2 Charter Schools, the University of Louisiana of Lafayette, and the beautiful Downtown Lafayette. Living here, you will enjoy a sense of community with easy access to many major employers, shopping, dining, and entertainment. While Lafayette has something for everyone to enjoy, it is especially known for its bright culture and delicious food choices! Cedar Creek offers an excellent selection of three, four, and five-bedroom floorplans ranging from 1,447 square feet to 2,772 square feet at an affordable price point. These are well-designed and spacious homes with modern open floor plan designs. The kitchens all have granite island and countertops, tile backsplash, stainless- steel appliances inclusive of gas range, dishwasher, and micro hood, and walk-in pantry. The main bedroom suites have a large walk-in closet and spacious ensuite bath. Our stunning exteriors feature brick elevations with a low maintenance landscape package and fully sodded yards. Cedar Creek homes include energy efficient features throughout to give you peace of mind, D.R. Horton's unrivaled warranties and each come completed with our Smart Home Technology package that includes smart products integrated throughout your home and designed to bring the convenience of life right to your fingertips. Don't miss out on the opportunity to call Cedar Creek home. Schedule your tour today.

18. 2026-03-18
    listed $256,500 Active 1730-char remark

    Show marketing remark (1730 chars)

    Come by today to check out Cedar Creek, a new home community in Lafayette, Louisiana! This popular Lafayette Community, now in its second phase, is conveniently located near Louisiana Avenue and is a short way away from David Thibodeaux STEM Magnet Academy and Acadiana Park. Venture a little further and you're only minutes from 7 Different Private Schools, 2 Charter Schools, the University of Louisiana of Lafayette, and the beautiful Downtown Lafayette. Living here, you will enjoy a sense of community with easy access to many major employers, shopping, dining, and entertainment. While Lafayette has something for everyone to enjoy, it is especially known for its bright culture and delicious food choices! Cedar Creek offers an excellent selection of three, four, and five-bedroom floorplans ranging from 1,447 square feet to 2,772 square feet at an affordable price point. These are well-designed and spacious homes with modern open floor plan designs. The kitchens all have granite island and countertops, tile backsplash, stainless- steel appliances inclusive of gas range, dishwasher, and micro hood, and walk-in pantry. The main bedroom suites have a large walk-in closet and spacious ensuite bath. Our stunning exteriors feature brick elevations with a low maintenance landscape package and fully sodded yards. Cedar Creek homes include energy efficient features throughout to give you peace of mind, D.R. Horton's unrivaled warranties and each come completed with our Smart Home Technology package that includes smart products integrated throughout your home and designed to bring the convenience of life right to your fingertips. Don't miss out on the opportunity to call Cedar Creek home. Schedule your tour today.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $30,203
• − Mortgage interest: −$13,808
• − Property taxes: −$3,698
• − Insurance: −$1,232
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − HOA: −$396
• − Depreciation: −$7,171
• Taxable loss: −$935
• Est. tax savings @ 24.0%: +$224
• After-tax cash flow: $3,246/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

This home is in excellent condition with a good condition score of 80. It is move-in ready with a modern kitchen and hardwood floors. The property has good curb appeal and is located in a desirable area with easy access to schools and amenities. The home is a great investment opportunity with high potential for resale and rental value.

Value-add opportunities

• Both Painting interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.
• Both Add smart home features — Smart home features can increase property value and attract tech-savvy buyers/tenants.
• Both Install smart thermostat — Smart thermostat can improve energy efficiency and comfort, attracting eco-conscious buyers/tenants.
• Both Add smart lighting — Smart lighting can enhance energy efficiency and provide convenience, attracting eco-conscious buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
• Both Add smart home features — Smart home features can increase property value and attract tech-savvy buyers/tenants. ↑
• Both Install smart thermostat — Smart thermostat can improve energy efficiency and comfort, attracting eco-conscious buyers/tenants. ↑
• Both Add smart lighting — Smart lighting can enhance energy efficiency and provide convenience, attracting eco-conscious buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2089.0

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 Black (73%)
• Race & ethnicity: Black 73% White 18% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 2%

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: ▼ -108.63%
• Current HPI: 81.2963
• Rent YoY: ▲ 7.35%
• 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

-1.0% since first listed

2 events — show timeline

• 2026-05-18 Price Changed $254,000 AcadianaMLS
• 2026-03-18 Listed $256,500 AcadianaMLS