107 Bingham Dr · Carencro, LA 70520

$179,900

3 bd · 2.0 ba · 1,233 sqft · SingleFamily public records · 36 Days on market

Built 2020 Good condition 6,098 sqft lot $146/sqft · 19% below area Est $213k · 16% under $40/mo HOA · 2% 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 +16.3/30.0
• ARV discount +14.6/15.0
• DSCR +5.1/10.0
• 1% rule +4.0/10.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

Key facts

• Birch cabinetry
• Open-concept layout
• 6,098 sq ft lot

Tags

• OPEN-CONCEPT LAYOUT
• LUXURY VINYL PLANK FLOORING
• 3 CM SLAB GRANITE COUNTERTOPS
• BIRCH CABINETRY
• BRONZE BATHROOM FIXTURES
• RADIANT BARRIER ROOF DECKING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $100 ($1k/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 $162k (9.8% below list).
• Recommended offer: $162k (9.8% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 5.3% in Carencro — 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 69/100 on livability (#65 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, employment C-, crime D.
• 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: 280 active listings in the ZIP; 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 $5k 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 36 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $16k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $154k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $162,317 (9.8% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 10% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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?
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: 0.90% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.39%
• DSCR: 1.11
• GRM: 9.2

CMA / ARV

• ARV (median comp): $213,464
• List price: $179,900
• Delta: -15.72%
• 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
107 Bingham Dr	0.00mi	3/2.0	1,192 (-3%)	0mo	$175,000	$147	94
510 Arceneaux Rd	0.34mi	3/2.0	1,284 (+4%)	4mo	$137,500	$107	74
401 Aimee Dr	0.20mi	3/2.0	1,335 (+8%)	10mo	$84,000	$63	69
312 Triple Crown Cir	0.36mi	3/2.0	1,200 (-3%)	19mo	$184,900	$154	63
105 Armstrong Dr	0.09mi	3/2.0	1,087 (-12%)	16mo	$179,900	$166	63
419 Aimee Dr	0.29mi	3/1.0	1,162 (-6%)	14mo	$134,000	$115	62
102 Raceway St	0.27mi	3/1.0	1,309 (+6%)	15mo	$122,000	$93	61
109 Brockton Dr	0.70mi	3/1.5	1,200 (-3%)	11mo	$135,000	$113	52
240 Camerons Cove Dr	0.46mi	3/2.0	1,352 (+10%)	13mo	$199,900	$148	51
113 Sis Ln	0.68mi	3/2.0	1,258 (+2%)	17mo	$149,000	$118	51
102 Ames Cir	0.32mi	3/1.0	1,100 (-11%)	20mo	$124,900	$114	46
239 Camerons Cove Dr	0.46mi	3/2.0	1,385 (+12%)	15mo	$204,000	$147	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.55×
• Total profit: $-22,771
• Equity at exit: $26,824

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-11,650
• Equity at exit: $15,554

Cash invested: $50,372 (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 70520

• Home prices YoY: -17.6%
• Active inventory: 280
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,623 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$124 /mo · $1,483/yr
• Insurance: −$75
• HOA: −$40
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $100

Break-even live

Break-even rent $1,496

Max offer price $179,900

Occupancy floor 89%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $40 · $480/yr
• Likely covers: water

Listing history 7 events

1. 2026-05-08
   status Pending 1492-char remark

   Show marketing remark (1492 chars)

   This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

2. 2026-05-05
   status Active 1492-char remark

   Show marketing remark (1492 chars)

   This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

3. 2026-04-24
   status Pending 1492-char remark

   Show marketing remark (1492 chars)

   This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

4. 2026-04-14
   price $179,900 1492-char remark

   Show marketing remark (1492 chars)

   This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

5. 2026-03-22
   listed $195,500 Active 1492-char remark

   Show marketing remark (1492 chars)

   This 3-bedroom, 2-bathroom home, built in 2020 by DSLD Homes, features the KENNAN III G floor plan with an open-concept layout designed for functional living and seamless flow between spaces. Interior upgrades included luxury vinyl plank flooring in the primary and third bedrooms, as well as vinyl plank flooring throughout the living room, kitchen, dining area, and all wet areas. The home includes an LED base home package and is finished with 3 cm slab granite countertops in both the kitchen and bathrooms, paired with birch cabinetry throughout. Bronze bathroom fixtures provide consistent interior finishes. Additional construction features include radiant barrier roof decking, low-E tilt-in windows, and a post-tension slab foundation. The property backs directly to the neighborhood pond and is enclosed with a wrought iron fence along the rear property line, creating a defined barrier between the backyard and the water. A covered patio extends the outdoor living space. Located at 107 Bingham Drive in Carencro, the home offers convenient access to I-49, making commuting to Lafayette straightforward. Nearby amenities include grocery options such as Super 1 Foods and Walmart Supercenter in Carencro, along with local dining, retail, and everyday services within a short drive. The location provides accessibility to daily necessities while maintaining a residential setting. RESERVED ITEMS: TVs, refrigerator, washer & dryer, shed, furniture, safes, cameras & monitors.

6. 2020-11-06
   soldstatus $154,100 682-char remark

   Show marketing remark (682 chars)

   *SOLD BEFORE LISTED* Brand NEW Construction built by DSLD HOMES! The KENAN III G an open floor plan with 3 bedrooms & 2 full bathrooms. Added upgrades include luxury vinyl plank flooring added in master & 3rd bedroom, LED base home pkg, & more! Special plan features include 3cm slab granite countertops in kitchen & bathrooms, luxury vinyl plank floors in living room, kitchen, dining & all wet areas, beautiful birch cabinets throughout, Frigidaire energy efficient appliances, bronze bathroom fixtures, radiant barrier roof decking, low E tilt-in windows, covered patio, post tension slab, fully sodded yard with seasonal landscaping package & much more!

7. 2020-10-13
   listed $154,100 682-char remark

   Show marketing remark (682 chars)

   *SOLD BEFORE LISTED* Brand NEW Construction built by DSLD HOMES! The KENAN III G an open floor plan with 3 bedrooms & 2 full bathrooms. Added upgrades include luxury vinyl plank flooring added in master & 3rd bedroom, LED base home pkg, & more! Special plan features include 3cm slab granite countertops in kitchen & bathrooms, luxury vinyl plank floors in living room, kitchen, dining & all wet areas, beautiful birch cabinets throughout, Frigidaire energy efficient appliances, bronze bathroom fixtures, radiant barrier roof decking, low E tilt-in windows, covered patio, post tension slab, fully sodded yard with seasonal landscaping package & much more!

ⓘ 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: $1,483 · $124/mo
• Projected year-2 tax: $1,483 · $124/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,478
• − Mortgage interest: −$10,077
• − Property taxes: −$1,483
• − Insurance: −$900
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − HOA: −$480
• − Depreciation: −$5,233
• Taxable loss: −$1,811
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $1,639/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 · 12 photos

Good 80/100 Cosmetic rehab

This 3-bedroom, 2-bathroom home is in good condition with recent upgrades and a well-maintained exterior. It's ready for a new owner or tenant.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value
• Both Replace window treatments — New curtains can improve aesthetics and energy efficiency
• Both Install smart home devices — Modern technology can increase home's marketability and rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value ↑
• Both Replace window treatments — New curtains can improve aesthetics and energy efficiency ↑
• Both Install smart home devices — Modern technology can increase home's marketability and rental appeal ↑

ⓘ 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 — Carencro

• Score: 69/100
• State rank: #65
• US rank: #8277

Category grades

Amenities F Commute F Cost of living A+ Crime D Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carencro, LA
• City population: 20,134
• Population (ZIP): 20,134

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 58% Black 32% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 13% Scotch-Irish 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 5% Spanish 1% 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: ▼ -33.62%
• Current HPI: 157.0194
• Rent YoY: —
• Metro: —
• 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

+16.7% since first listed

7 events — show timeline

• 2026-05-08 Pending — AcadianaMLS
• 2026-05-05 Relisted — AcadianaMLS
• 2026-04-24 Pending — AcadianaMLS
• 2026-04-14 Price Changed $179,900 AcadianaMLS
• 2026-03-22 Listed $195,500 AcadianaMLS
• 2020-11-06 Sold (MLS) $154,100 AcadianaMLS
• 2020-10-13 Listed $154,100 AcadianaMLS

Property tax history

+114.4%/yr

Latest (2025): $1,483 · -1.3% YoY. Source: county tax records.