101 Lynda St · Ossun, LA 70520

$174,900

3 bd · 2.0 ba · 1,911 sqft · SingleFamily public records · 17 Days on market

Built 1982 0.48 ac lot $92/sqft · 25% below area Est $270k · 35% under

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Why this score? — see what drove the B- 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 +25.5/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +5.6/10.0
• Schools +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Country living at its best! This 2,200sf, 2 story, 3 bed 2 bath spacious home sits on just under half an acre. You are minutes away from local Carencro shopping. This home has beautiful landscaping and a great size yard with a fantastic living room that is ready for a growing family! This home has never flooded.The boat cover and storage building closest to the boat cover are reserved.

Key facts

• 0.48 acre lot
• 2 parking spots
• Built 1982

Property features AI

Exterior

• Parking: Carport (2 covered spaces)
• Utilities: Septic tank; Electric service: SLEMCO
• Home design: Single family residence; Fixer condition
• Construction: HardiPlank and frame construction; Asbestos shingle roof
• Exterior features: Porch; Barbed wire fencing

Interior

• Kitchen: Dishwasher; Refrigerator; Electric stove/convection
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Multiple cooling units
• Interior features: Double vanity
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.9% in Ossun — 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 59/100 on livability (#274 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A, crime B; Watch: employment D+, amenities F, commute 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: Ossun Elementary School (math 35% / reading 38%, grade F, #269 of 646 statewide, top 42%, 519 students, 76% FRL); Carencro Middle School (math 18% / reading 28%, grade F, #145 of 218 statewide, top 69%, 665 students, 75% FRL); Carencro High School (math 30% / reading 29%, grade F, #127 of 265 statewide, top 49%, 1,096 students, 69% FRL) — zoned schools average 73% FRL vs 56% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Lafayette Parish average; the district grade overstates school quality for this exact location.
• Market conditions: 281 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 17 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $172,276 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 9.08%
• Cash-on-cash: 9.95%
• DSCR: 1.44
• GRM: 7.9

CMA / ARV

• ARV (median comp): $269,970
• List price: $174,900
• Delta: -35.21%
• 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
100 Harvest Sugar	0.22mi	3/2.0	1,765 (-8%)	6mo	$240,000	$136	72
105 Harvest Sugar Row	0.23mi	3/2.0	1,766 (-8%)	11mo	$171,000	$97	67
309 Gun Runner Dr	0.51mi	4/2.0 (+1)	1,873 (-2%)	4mo	$289,900	$155	64
110 Gun Runner Dr	0.50mi	4/2.5 (+1)	1,895 (-1%)	8mo	$292,500	$154	62
108 Gun Runner Dr	0.50mi	4/2.0 (+1)	1,816 (-5%)	8mo	$284,500	$157	57
307 Gun Runner Dr	0.53mi	3/2.0	1,719 (-10%)	6mo	$278,900	$162	54
116 Blushing Groom Dr	0.47mi	4/2.0 (+1)	1,816 (-5%)	14mo	$289,000	$159	54
319 Gun Runner Dr	0.47mi	3/2.5	1,818 (-5%)	18mo	$284,500	$156	53
207 Gun Runner Dr	0.53mi	4/2.0 (+1)	1,684 (-12%)	2mo	$274,000	$163	49
311 Gun Runner Dr	0.50mi	3/2.0	1,639 (-14%)	10mo	$272,600	$166	45
100 Gun Runner Dr	0.47mi	4/2.0 (+1)	1,682 (-12%)	11mo	$274,000	$163	44
313 Gun Runner Dr	0.48mi	4/2.0 (+1)	1,684 (-12%)	12mo	$265,000	$157	43

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-6,742
• Equity at exit: $26,078

10-year hold

• IRR: 6.0%
• Equity multiple: 1.45×
• Total profit: $21,877
• Equity at exit: $15,122

Cash invested: $48,972 (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: 281
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,855 high
• Mortgage (P&I): −$917
• Tax from tax record: −$69 /mo · $830/yr
• Insurance: −$73
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $339

Break-even live

Break-even rent $1,425

Max offer price $174,900

Occupancy floor 77%

Sensitivity live

Price	-10% $438	-5% $389	+0% $339	+5% $290	+10% $240
Rent	-10% $193	-5% $266	+0% $339	+5% $413	+10% $486
Rate	-1.0pp $428	-0.5pp $384	base $339	+0.5pp $294	+1.0pp $248

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2308 W Gloria Switch Rd Carencro, LA	3.0	2.0	1567	$1,600	$1.02	45d	1	0.48mi
102 Yardley Ct Lafayette, LA	3.0	2.0	1298	$1,645	$1.27	45d	1	0.92mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	22d	1	0.98mi
108 Santiago Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	45d	1	0.98mi
116 Yardley Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	45d	1	0.98mi
109 Santiago Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	15d	1	0.99mi
121 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,965	$1.10	15d	1	1.01mi
124 Yardley Ct Lafayette, LA	4.0	2.0	1786	$1,945	$1.09	22d	1	1.02mi
122 SANTIAGO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	22d	1	1.04mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	45d	1	1.06mi
117 ORTHELLO Ct Lafayette, LA	3.0	2.0	1613	$1,890	$1.17	22d	1	1.06mi
417 Mango Dr Lafayette, LA	3.0	2.0	1613	$2,015	$1.25	15d	1	1.11mi

Listing history 6 events

1. 2026-05-16
   status Pending 518-char remark
2. 2026-05-12
   price $174,900 518-char remark
3. 2026-04-29
   listed $179,900 Active 518-char remark
4. 2020-12-17
   soldstatus $156,750
5. 2020-12-04
   soldstatus $156,750 388-char remark

   Show marketing remark (388 chars)

   Country living at its best! This 2,200sf, 2 story, 3 bed 2 bath spacious home sits on just under half an acre. You are minutes away from local Carencro shopping. This home has beautiful landscaping and a great size yard with a fantastic living room that is ready for a growing family! This home has never flooded.The boat cover and storage building closest to the boat cover are reserved.

6. 2020-04-07
   listed $172,500 388-char remark

   Show marketing remark (388 chars)

   Country living at its best! This 2,200sf, 2 story, 3 bed 2 bath spacious home sits on just under half an acre. You are minutes away from local Carencro shopping. This home has beautiful landscaping and a great size yard with a fantastic living room that is ready for a growing family! This home has never flooded.The boat cover and storage building closest to the boat cover are reserved.

ⓘ 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: $830 · $69/mo
• Projected year-2 tax: $962 · $80/mo
• Expected delta: +$132/yr (+$11/mo · 15.9%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $22,256
• − Mortgage interest: −$9,797
• − Property taxes: −$830
• − Insurance: −$1,672
• − Repairs & maintenance: −$1,780
• − Management: −$1,780
• − Depreciation: −$5,088
• Taxable income: $1,308
• Est. tax owed @ 24.0%: −$314
• After-tax cash flow: $3,760/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 — Ossun

• Score: 59/100
• State rank: #274
• US rank: #19977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• 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

+1.4% since first listed

6 events — show timeline

• 2026-05-16 Pending — AcadianaMLS
• 2026-05-12 Price Changed $174,900 AcadianaMLS
• 2026-04-29 Listed $179,900 AcadianaMLS
• 2020-12-17 Sold (Public Records) $156,750 Public Records
• 2020-12-04 Sold (MLS) $156,750 AcadianaMLS
• 2020-04-07 Listed $172,500 AcadianaMLS

Property tax history

+22.3%/yr

Latest (2025): $830 · -1.3% YoY. Source: county tax records.