103 Saint Bernadette Dr · Lafayette, LA 70507

$185,000

4 bd · 3.0 ba · 2,360 sqft · SingleFamily public records · 51 Days on market

Built 1969 0.29 ac lot $78/sqft · 24% below area Est $213k · 13% under

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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 +24.7/30.0
• ARV discount +13.3/15.0
• DSCR +8.0/10.0
• 1% rule +5.8/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The possibilities are endless here! Just off I-10 and Louisiana Avenue, this home is near a large sports complex and only 1/2 mile from the site of the future Buc-ee's! This one-owner home has 4 bedrooms, 3 baths, a large kitchen w/dining area and a living room. The kitchen (with cooktop plumbed for both gas and electric!), dining and bathrooms all feature original terrazzo floors while carpet runs throughout the bedrooms and living room. A double-wide driveway runs from the front property line on St. Bernadette Drive all the way to Beth Drive, the back property line. The double carport, additional parking pad/ storage area and covered patio offer various opportunities for your vehicles, hobbies, sports, outdoor entertaining, etc. Direct entrance to a storage area/full bath/laundry room in the home can be accessed directly from the carport. Come see this wonderful opportunity!

Key facts

• Double-wide driveway
• Double carport
• Covered patio

Tags

• ORIGINAL TERRAZZO FLOORS
• DOUBLE-WIDE DRIVEWAY
• DOUBLE CARPORT
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $179k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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: 324 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% 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).
• This rent runs 37% of the median local income ($64k/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 $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 51 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.92%
• DSCR: 1.40
• GRM: 7.7

CMA / ARV

• ARV (median comp): $212,575
• List price: $185,000
• Delta: -12.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 Kevin Dr	0.25mi	3/2.5 (-1)	2,378 (+1%)	2mo	$170,000	$71	79
302 Summit Dr	0.18mi	4/2.0	2,150 (-9%)	17mo	$230,000	$107	58
100 Oak Haven Dr	0.54mi	4/3.0	2,072 (-12%)	9mo	$269,735	$130	47
139 Oak Haven Dr	0.69mi	4/3.0	2,072 (-12%)	10mo	$263,000	$127	39
106 Lita Dr	0.66mi	3/2.0 (-1)	2,137 (-9%)	9mo	$225,000	$105	37
205 Park Haven Dr	0.70mi	4/2.5	2,011 (-15%)	6mo	$273,795	$136	36
416 Maryview Farm Rd	0.43mi	4/3.5	2,700 (+14%)	23mo	$399,000	$148	34
105 Oak Haven Dr	0.54mi	4/2.5	2,011 (-15%)	21mo	$269,975	$134	31

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: -2.8%
• Equity multiple: 0.89×
• Total profit: $-5,468
• Equity at exit: $27,584

10-year hold

• IRR: 6.9%
• Equity multiple: 1.52×
• Total profit: $26,737
• Equity at exit: $15,995

Cash invested: $51,800 (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 70507

• Home prices YoY: -20.6%
• Active inventory: 324
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,997 high
• Mortgage (P&I): −$970
• Tax from tax record: −$145 /mo · $1,743/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $385

Break-even live

Break-even rent $1,509

Max offer price $185,000

Occupancy floor 76%

Sensitivity live

Price	-10% $490	-5% $438	+0% $385	+5% $333	+10% $280
Rent	-10% $227	-5% $306	+0% $385	+5% $464	+10% $543
Rate	-1.0pp $478	-0.5pp $432	base $385	+0.5pp $337	+1.0pp $288

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
202 Teddy Ln Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	21d	1	0.59mi
206 Teddy Ln Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	44d	1	0.60mi
111 Salvat Dr Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	44d	1	0.64mi
105 Salvat Dr Lafayette, LA	3.0	2.0	1593	$1,740	$1.09	44d	1	0.64mi
301 Nottingham Cir Lafayette, LA	3.0	2.5	1833	$1,600	$0.87	44d	1	1.25mi
206 Chestnut Oak Dr Lafayette, LA	4.0	2.0	1836	$2,000	$1.09	44d	1	1.27mi

Listing history 1 events

1. 2026-04-07
   listed $185,000 Active 891-char remark

   Show marketing remark (891 chars)

   The possibilities are endless here! Just off I-10 and Louisiana Avenue, this home is near a large sports complex and only 1/2 mile from the site of the future Buc-ee's! This one-owner home has 4 bedrooms, 3 baths, a large kitchen w/dining area and a living room. The kitchen (with cooktop plumbed for both gas and electric!), dining and bathrooms all feature original terrazzo floors while carpet runs throughout the bedrooms and living room. A double-wide driveway runs from the front property line on St. Bernadette Drive all the way to Beth Drive, the back property line. The double carport, additional parking pad/ storage area and covered patio offer various opportunities for your vehicles, hobbies, sports, outdoor entertaining, etc. Direct entrance to a storage area/full bath/laundry room in the home can be accessed directly from the carport. Come see this wonderful opportunity!

ⓘ 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: $1,743 · $145/mo
• Projected year-2 tax: $1,743 · $145/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 8/10 Severe 7 d/yr ≥109°F today · 21 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: $23,965
• − Mortgage interest: −$10,363
• − Property taxes: −$1,743
• − Insurance: −$925
• − Repairs & maintenance: −$1,917
• − Management: −$1,917
• − Depreciation: −$5,382
• Taxable income: $1,718
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $4,210/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): 20,096
• Household income: $64,049
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 503.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 15%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 4% Spanish 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: ▼ -40.84%
• Current HPI: 156.889
• Rent YoY: —
• 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 event — show timeline

• 2026-04-07 Listed $185,000 AcadianaMLS

Property tax history

+33.3%/yr

Latest (2025): $1,743 · -1.1% YoY. Source: county tax records.