135 Longfellow Dr · Lafayette, LA 70503

$175,000

3 bd · 2.0 ba · 1,231 sqft · SingleFamily public records · 7 Days on market

Built 1981 6,098 sqft lot $142/sqft · at area comps Est $184k · at est.

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Why this score? — see what drove the D+ 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 +17.4/30.0
• ARV discount +9.6/15.0
• DSCR +5.4/10.0
• 1% rule +3.8/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Home. 3 bedroom, 2 bath. New windows and 3 year old roof.Open and airy home with ceramic tile and nice laminate flooring. Open living area with vaulted ceilings and a fireplace. Neutral colors. Master bath has a whirlpool tub/shower combo. Back yard features large covered patio and privacy fence. Great family home.

Key facts

• 6,098 sq ft lot
• 2 parking spots
• Built 1981

Property features AI

Exterior

• Parking: 2 covered parking spaces; 2-car carport
• Utilities: Public sewer; Electric service: SLEMCO
• Home design: Single family residence
• Construction: Brick veneer and frame construction; Composition roof
• Exterior features: Wood fencing; Covered and open patios/porches; City street and paved road frontage

Interior

• Kitchen: Dishwasher; Refrigerator; Formica and tile counters
• Bedrooms: Bedrooms with walk-in closets
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: High ceilings; Vaulted ceilings; Walk-in closets; Formica counters; Tile counters; Window treatments; Double-pane windows; Fireplace (wood-burning)
• 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 $132 ($2k/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 $155k (11.7% below list).
• Recommended offer: $155k (11.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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.
• Zoned schools: Ridge Elementary School (math 40% / reading 52%, grade D-, #164 of 646 statewide, top 26%, 695 students, 62% FRL); Edgar Martin Middle School (math 40% / reading 53%, grade D+, #41 of 218 statewide, top 19%, 490 students, 59% FRL); O. Comeaux High School (math 38% / reading 40%, grade F, #86 of 265 statewide, top 33%, 1,098 students, 56% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 33y 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 $144k; 21% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,510 (11.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 9.4

CMA / ARV

• ARV (median comp): $183,516
• List price: $175,000
• Delta: -4.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 Longfellow Dr	0.09mi	3/2.0	1,144 (-7%)	12mo	$172,000	$150	74
206 Wadsworth Dr	0.08mi	3/2.0	1,369 (+11%)	7mo	$187,000	$137	72
103 Wadsworth Dr Unit A	0.18mi	2/2.0 (-1)	1,219 (-1%)	19mo	$172,000	$141	69
209 Longfellow Dr	0.09mi	3/2.0	1,355 (+10%)	17mo	$175,000	$129	65
209 Driftwood Dr	0.64mi	3/2.0	1,335 (+8%)	2mo	$190,000	$142	54
2409 Robley Dr	0.46mi	2/1.5 (-1)	1,244 (+1%)	20mo	$148,000	$119	53
129 E Broussard Rd	0.73mi	3/1.0	1,200 (-2%)	15mo	$280,000	$233	46

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 · 0.36% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.51×
• Total profit: $-24,025
• Equity at exit: $26,093

10-year hold

• IRR: -9.7%
• Equity multiple: 0.47×
• Total profit: $-25,897
• Equity at exit: $15,131

Cash invested: $49,000 (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 70503

• Home prices YoY: -34.0%
• Rents YoY: 0.4%
• Active inventory: 237
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,545 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$98 /mo · $1,181/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $132

Break-even live

Break-even rent $1,379

Max offer price $175,000

Occupancy floor 86%

Sensitivity live

Price	-10% $231	-5% $181	+0% $132	+5% $82	+10% $33
Rent	-10% $10	-5% $71	+0% $132	+5% $193	+10% $254
Rate	-1.0pp $220	-0.5pp $176	base $132	+0.5pp $86	+1.0pp $40

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	15d	1	0.37mi
101 Norcross Dr Lafayette, LA	2.0	2.0	980	$1,595	$1.63	15d	1	0.86mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	23d	1	1.15mi
3606 Kaliste Saloom Rd Unit 201 Lafayette, LA	3.0	2.0	1402	$1,450	$1.03	23d	1	1.18mi

Listing history 14 events

1. 2026-05-18
   status Pending 820-char remark
2. 2026-05-15
   listed $175,000 Active 820-char remark
3. 2021-04-09
   soldstatus $144,500 322-char remark

   Show marketing remark (322 chars)

   Great Home. 3 bedroom, 2 bath. New windows and 3 year old roof.Open and airy home with ceramic tile and nice laminate flooring. Open living area with vaulted ceilings and a fireplace. Neutral colors. Master bath has a whirlpool tub/shower combo. Back yard features large covered patio and privacy fence. Great family home.

4. 2021-01-10
   listed $150,000 322-char remark

   Show marketing remark (322 chars)

   Great Home. 3 bedroom, 2 bath. New windows and 3 year old roof.Open and airy home with ceramic tile and nice laminate flooring. Open living area with vaulted ceilings and a fireplace. Neutral colors. Master bath has a whirlpool tub/shower combo. Back yard features large covered patio and privacy fence. Great family home.

5. 2014-07-21
   soldstatus $133,930
6. 2014-07-10
   soldstatus $133,930

   Show marketing remark (259 chars)

   Open and airy home with ceramic tile and nice laminate flooring. Open living area with vaulted ceilings and a fireplace. Neutral colors. Master bath has a whirlpool tub/shower combo. Back yard features large covered patio and privacy fence. Great family home.

7. 2014-04-28
   listed $137,500

   Show marketing remark (259 chars)

   Open and airy home with ceramic tile and nice laminate flooring. Open living area with vaulted ceilings and a fireplace. Neutral colors. Master bath has a whirlpool tub/shower combo. Back yard features large covered patio and privacy fence. Great family home.

8. 2008-09-10
   soldstatus
9. 2008-09-10
   soldstatus
10. 2008-09-08
    soldstatus $129,900
11. 2008-06-09
    listed $129,900
12. 2008-01-06
    listed $129,900
13. 1993-07-08
    soldstatus $63,000
14. 1993-04-05
    listed $67,500

ⓘ 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: $1,181 · $98/mo
• Projected year-2 tax: $1,181 · $98/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 9/10 Extreme 7 d/yr ≥108°F today · 22 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: $18,541
• − Mortgage interest: −$9,803
• − Property taxes: −$1,181
• − Insurance: −$875
• − Repairs & maintenance: −$1,483
• − Management: −$1,483
• − Depreciation: −$5,091
• Taxable loss: −$1,375
• Est. tax savings @ 24.0%: +$330
• After-tax cash flow: $1,909/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): 28,643
• Household income: $94,688
• Rent vs Own: 34.3% rent · 65.7% own
• Severe rent burden: 769.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 23% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 3% 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: ▼ -81.65%
• Current HPI: 158.7094
• Rent YoY: ▲ 0.36%
• 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

+159.3% since first listed

16 events — show timeline

• 2026-05-26 Pending — AcadianaMLS
• 2026-05-20 Relisted — AcadianaMLS
• 2026-05-18 Pending — AcadianaMLS
• 2026-05-15 Listed $175,000 AcadianaMLS
• 2021-04-09 Sold (MLS) $144,500 AcadianaMLS
• 2021-01-10 Listed $150,000 AcadianaMLS
• 2014-07-21 Sold (Public Records) $133,930 Public Records
• 2014-07-10 Sold (MLS) $133,930 AcadianaMLS
• 2014-04-28 Listed $137,500 AcadianaMLS
• 2008-09-10 Sold (Public Records) — Public Records
• 2008-09-10 Sold (Public Records) — Public Records
• 2008-09-08 Sold (MLS) $129,900 AcadianaMLS
• 2008-06-09 Listed $129,900 AcadianaMLS
• 2008-01-06 Listed $129,900 AcadianaMLS
• 1993-07-08 Sold (MLS) $63,000 AcadianaMLS
• 1993-04-05 Listed $67,500 AcadianaMLS

Property tax history

+9.4%/yr

Latest (2025): $1,181 · -1.3% YoY. Source: county tax records.