207 Springsteen Ln · Carencro, LA 70507

$220,000

3 bd · 2.0 ba · 1,506 sqft · SingleFamily public records · 55 Days on market

Built 2020 4,791 sqft lot $146/sqft · at area comps Est $223k · at est. $21/mo HOA · 1% of rent

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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 +13.6/30.0
• ARV discount +8.1/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

*SOLD BEFORE LISTED* Brand NEW Construction built by DSLD HOMES. The CONNELLY III H has an open/split floor plan with 3 bedrooms & 2 full bathrooms. This one has upgraded blinds for windows pkg, carpet, LED lighting pkg & a side by side refrigerator! Special plan features include luxury vinyl plank floors in living room & all wet areas, kitchen island overlooking living room, 3cm slab granite countertops, large walk-in master closet, structured wiring panel box, Honeywell Smart Connect Wi-Fi thermostat, energy efficient Frigidaire appliances, low E tilt-in windows, post tension slab, fully sodded yard with seasonal landscaping package & more!

Key facts

• Open concept design
• 4,791 sq ft lot
• 2 garage spots

Tags

• OPEN CONCEPT DESIGN
• 3CM SLAB GRANITE COUNTERTOPS
• ENERGY EFFICIENT APPLIANCES
• SPACIOUS WALK IN CLOSET
• WELL APPOINTED EN SUITE BATH
• STRUCTURED WIRING PANEL

Property features AI

Finance

• HOA & community: Homeowners association with annual fee of $250; Association covers accounting and insurance; Association provides management

Exterior

• Parking: 2 covered parking spaces; 2 total parking spaces; Garage
• Utilities: Public sewer; Electric service: SLEMCO
• Home design: Single family residence; City street frontage
• Construction: Brick veneer and vinyl siding with frame construction; Composition roof
• Exterior features: Covered patio/porch; Outdoor lighting; Wood fencing

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Electric stove/convection
• Bedrooms: Bedroom 2; Bedroom 3
• Flooring: Carpet; Vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Double vanity in bath; Kitchen island; Separate shower; Varied ceiling heights; Walk-in pantry; Walk-in closet(s); Granite counters; Lighting (interior)
• 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 $220k.

Deal economics

• At list price, monthly cash flow is $13 ($159/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 $177k (19.3% below list).
• Recommended offer: $177k (19.3% below list) — sets the bar for 1% rule.

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: employment C-, crime D, amenities 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: Live Oak Elementary School (math 21% / reading 27%, grade F, #402 of 646 statewide, top 63%, 602 students, 82% 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 75% FRL vs 56% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 42% district-wide (-16 pts) — the specific schools serving this property underperform the Lafayette Parish average; the district grade overstates school quality for this exact location.
• Market conditions: 330 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 33% 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 $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.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($213k) 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.
• Current owner paid $173k; 27% 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 $177,476 (19.3% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 19% 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. 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?
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: 0.81% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.26%
• DSCR: 1.01
• GRM: 10.3

CMA / ARV

• ARV (median comp): $222,993
• List price: $220,000
• Delta: -1.34%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113 Springsteen Ln	0.18mi	3/2.0	1,321 (-12%)	20mo	$214,900	$163	54
211 Rue Pacannier	0.58mi	2/2.0 (-1)	1,380 (-8%)	6mo	$179,300	$130	50
203 Summerfest Dr	0.72mi	3/2.0	1,570 (+4%)	16mo	$211,500	$135	46
112 Kentwood Dr	0.68mi	3/2.0	1,350 (-10%)	11mo	$170,000	$126	42
114 Kentwood Dr	0.68mi	3/1.5	1,287 (-14%)	24mo	$140,461	$109	22

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-34,861
• Equity at exit: $32,803

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-29,491
• Equity at exit: $19,022

Cash invested: $61,600 (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: 330
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,775 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$122 /mo · $1,470/yr
• Insurance: −$92
• HOA: −$21
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $13

Break-even live

Break-even rent $1,758

Max offer price $220,000

Occupancy floor 94%

Sensitivity live

Price	-10% $138	-5% $75	+0% $13	+5% $-49	+10% $-111
Rent	-10% $-127	-5% $-57	+0% $13	+5% $83	+10% $153
Rate	-1.0pp $124	-0.5pp $69	base $13	+0.5pp $-44	+1.0pp $-102

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 Springsteen Ln Lafayette, LA	4.0	2.0	2000	$2,100	$1.05	15d	1	0.13mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: internetlandscaping

Listing history 22 events

1. 2026-06-21
   pricedays on market $220,000 Active 55 DOM
2. 2026-06-18
   days on market $221,000 Active 52 DOM
3. 2026-06-17
   days on market $221,000 Active 51 DOM
4. 2026-06-16
   days on market $221,000 Active 50 DOM
5. 2026-06-15
   days on market $221,000 Active 49 DOM
6. 2026-06-14
   days on market $221,000 Active 47 DOM
7. 2026-06-13
   days on market $221,000 Active 46 DOM
8. 2026-06-10
   days on market $221,000 Active 44 DOM
9. 2026-06-09
   days on market $221,000 Active 43 DOM
10. 2026-06-09
    price $221,000 Active 42 DOM
11. 2026-06-08
    days on market $224,990 Active 42 DOM
12. 2026-06-07
    days on market $224,990 Active 41 DOM
13. 2026-06-05
    days on market $224,990 Active 38 DOM
14. 2026-06-03
    days on market $224,990 Active 37 DOM
15. 2026-06-02
    days on market $224,990 Active 36 DOM
16. 2026-06-01
    days on market $224,990 Active 35 DOM
17. 2026-05-31
    days on market $224,990 Active 34 DOM
18. 2026-05-30
    days on market $224,990 Active 33 DOM
19. 2026-05-08
    price $224,990 1524-char remark
20. 2026-04-27
    listed $227,990 Active 1524-char remark
21. 2020-05-22
    soldstatus $172,999 666-char remark

    Show marketing remark (666 chars)

    *SOLD BEFORE LISTED* Brand NEW Construction built by DSLD HOMES. The CONNELLY III H has an open/split floor plan with 3 bedrooms & 2 full bathrooms. This one has upgraded blinds for windows pkg, carpet, LED lighting pkg & a side by side refrigerator! Special plan features include luxury vinyl plank floors in living room & all wet areas, kitchen island overlooking living room, 3cm slab granite countertops, large walk-in master closet, structured wiring panel box, Honeywell Smart Connect Wi-Fi thermostat, energy efficient Frigidaire appliances, low E tilt-in windows, post tension slab, fully sodded yard with seasonal landscaping package & more!

22. 2020-05-15
    listed $172,999 666-char remark

    Show marketing remark (666 chars)

    *SOLD BEFORE LISTED* Brand NEW Construction built by DSLD HOMES. The CONNELLY III H has an open/split floor plan with 3 bedrooms & 2 full bathrooms. This one has upgraded blinds for windows pkg, carpet, LED lighting pkg & a side by side refrigerator! Special plan features include luxury vinyl plank floors in living room & all wet areas, kitchen island overlooking living room, 3cm slab granite countertops, large walk-in master closet, structured wiring panel box, Honeywell Smart Connect Wi-Fi thermostat, energy efficient Frigidaire appliances, low E tilt-in windows, post tension slab, fully sodded yard with seasonal landscaping package & 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: $1,470 · $122/mo
• Projected year-2 tax: $1,470 · $122/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 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: $21,297
• − Mortgage interest: −$12,323
• − Property taxes: −$1,470
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,704
• − Management: −$1,704
• − HOA: −$252
• − Depreciation: −$6,400
• Taxable loss: −$3,655
• Est. tax savings @ 24.0%: +$877
• After-tax cash flow: $1,036/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 — 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
• County: Lafayette Parish · 207,544 people
• City population: 20,134
• 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

+27.7% since first listed

5 events — show timeline

• 2026-06-08 Price Changed $221,000 AcadianaMLS
• 2026-05-08 Price Changed $224,990 AcadianaMLS
• 2026-04-27 Listed $227,990 AcadianaMLS
• 2020-05-22 Sold (MLS) $172,999 AcadianaMLS
• 2020-05-15 Listed $172,999 AcadianaMLS

Property tax history

+35.7%/yr

Latest (2025): $1,470 · -1.3% YoY. Source: county tax records.