212 Chevalier Blvd · Lafayette, LA 70503

$230,000

3 bd · 2.0 ba · 1,600 sqft · SingleFamily public records · 10 Days on market

Built 2007 9,147 sqft lot Est $219k · 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 +12.4/30.0
• ARV discount +5.3/15.0
• DSCR +3.7/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This immaculately kept home is lushly landscaped on a corner lot with rear yard access through double gate. Having a freshly painted interior, this open/split floorplan features granite slab countertops in kitchen, stainless appliances including a brand new dishwasher, and the refrigerator is to remain. Other features include custom cabinets, convenient switch controlled gas fireplace, and gutters on the exterior. Master bathroom has a custom tiled-in shower, a soaker tub and a well sized walk-in closet. Back yard has incredible ambiance with a covered patio and wonderful weeping willow tree. The storage building is to remain in backyard. Priced for a quick sale. Get in while it lasts!

Key facts

• Propane fireplace
• Large corner lot
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• PROPANE FIREPLACE
• EAT IN KITCHEN
• FORMAL DINING SPACE
• LARGE CORNER LOT
• NEW PRIVACY WOODEN FENCE

Property features AI

Exterior

• Parking: 2 covered parking spaces; 2-car garage
• Utilities: Propane; Public sewer; Electric service: SLEMCO
• Home design: Single family residence; City street / paved frontage; Zoned residential
• Construction: Brick veneer and HardiPlank/wood frame construction; Composition roof
• Exterior features: Covered patio/porch; Shed(s); Privacy wood fencing with gate

Interior

• Kitchen: Granite counters; Dishwasher; Microwave; Refrigerator
• Flooring: Carpet; Tile; Wood laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Crown molding; Double vanity; Separate shower; Standalone tub; Granite counters; Tile counters; Double pane windows; 1 fireplace; Lighting
• 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 $230k.

Deal economics

• At list price, monthly cash flow is $-38 ($-451/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (2.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (22.6% below list).
• Recommended offer: $178k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.7% in Lafayette — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 235 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 19y 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 $190k; 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,909 (22.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.77% ✗
• Cap rate: 6.10%
• Cash-on-cash: -0.70%
• DSCR: 0.97
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $219,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 Rue Rideau	0.13mi	3/2.5	1,584 (-1%)	3mo	$230,000	$145	88
104 Chevalier Blvd	0.12mi	3/2.0	1,574 (-2%)	8mo	$204,500	$130	85
202 Chevalier Blvd	0.06mi	3/2.0	1,700 (+6%)	13mo	$199,800	$118	76
100 Chevalier Blvd	0.15mi	3/2.0	1,648 (+3%)	23mo	$249,700	$152	69
210 Rue Aubin	0.10mi	3/2.0	1,482 (-7%)	22mo	$215,000	$145	65
136 Longfellow Dr	0.41mi	3/2.0	1,434 (-10%)	4mo	$182,000	$127	60
110 Rue Aubin	0.11mi	3/2.0	1,440 (-10%)	21mo	$233,500	$162	60
210 Longfellow Dr	0.40mi	3/2.0	1,449 (-9%)	9mo	$180,000	$124	58
109 Longfellow Dr	0.44mi	4/2.0 (+1)	1,550 (-3%)	15mo	$111,000	$72	57
203 Sanctuary Ln	0.27mi	3/2.0	1,805 (+13%)	12mo	$338,000	$187	56
206 Wadsworth Dr	0.36mi	3/2.0	1,369 (-14%)	7mo	$187,000	$137	54
116 Longfellow Dr	0.44mi	3/2.0	1,510 (-6%)	22mo	$141,500	$94	51

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: -20.2%
• Equity multiple: 0.31×
• Total profit: $-44,333
• Equity at exit: $34,294

10-year hold

• IRR: -19.6%
• Equity multiple: 0.07×
• Total profit: $-59,868
• Equity at exit: $19,886

Cash invested: $64,400 (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: 235
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$141 /mo · $1,693/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $-38

Break-even live

Break-even rent $1,827

Max offer price $223,354

Occupancy floor 97%

Sensitivity live

Price	-10% $93	-5% $27	+0% $-38	+5% $-103	+10% $-168
Rent	-10% $-178	-5% $-108	+0% $-38	+5% $33	+10% $103
Rate	-1.0pp $78	-0.5pp $21	base $-38	+0.5pp $-97	+1.0pp $-158

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Hermitage Ave Lafayette, LA	3.0	2.0	2190	$2,000	$0.91	14d	1	0.03mi
303 Belle Grove Blvd Lafayette, LA	3.0	2.0	1700	$1,700	$1.00	21d	1	0.10mi
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	14d	1	0.18mi
201 Pomerol Pl Unit NA Lafayette, LA	3.0	2.0	1910	$2,500	$1.31	14d	1	0.43mi
330 Dunvegan Ct Lafayette, LA	3.0	2.5	1848	$2,400	$1.30	44d	1	0.90mi
225 Shadowbrush Bnd Lafayette, LA	3.0	2.0	1585	$1,700	$1.07	44d	1	1.17mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	44d	1	1.20mi
600 Glade Blvd Lafayette, LA	3.0	2.0	1617	$1,695	$1.05	14d	1	1.20mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	21d	1	1.37mi
709 Rosedown Ln Lafayette, LA	3.0	2.0	1800	$1,700	$0.94	44d	1	1.38mi
3606 Kaliste Saloom Rd Unit 201 Lafayette, LA	3.0	2.0	1402	$1,450	$1.03	21d	1	1.43mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	21d	1	1.44mi

Listing history 10 events

1. 2026-06-19
   status $230,000 Pending 10 DOM
2. 2026-06-18
   days on market $230,000 Active 10 DOM
3. 2026-06-17
   days on market $230,000 Active 9 DOM
4. 2026-06-16
   days on market $230,000 Active 8 DOM
5. 2026-06-15
   days on market $230,000 Active 7 DOM
6. 2026-06-14
   days on market $230,000 Active 5 DOM
7. 2026-06-13
   days on market $230,000 Active 4 DOM
8. 2026-06-10
   days on market $230,000 Active 2 DOM
9. 2026-06-09
   remarks 699-char remark
10. 2026-06-09
    listed $230,000 Active 1 DOM

ⓘ 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: $1,693 · $141/mo
• Projected year-2 tax: $1,693 · $141/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 · 21 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: $21,349
• − Mortgage interest: −$12,884
• − Property taxes: −$1,693
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,708
• − Management: −$1,708
• − Depreciation: −$6,691
• Taxable loss: −$4,485
• Est. tax savings @ 24.0%: +$1,076
• After-tax cash flow: $625/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

+22.7% since first listed

9 events — show timeline

• 2026-06-08 Listed $230,000 AcadianaMLS
• 2017-01-31 Sold (Public Records) $190,500 Public Records
• 2017-01-27 Sold (MLS) $190,500 AcadianaMLS
• 2016-12-20 Listed $189,900 AcadianaMLS
• 2016-07-28 Listed $199,800 AcadianaMLS
• 2008-01-28 Sold (Public Records) — Public Records
• 2008-01-25 Sold (MLS) $180,000 AcadianaMLS
• 2007-11-18 Listed $180,000 AcadianaMLS
• 2007-08-04 Listed $187,500 AcadianaMLS

Property tax history

+5.2%/yr

Latest (2025): $1,693 · -1.3% YoY. Source: county tax records.