209 E Martial Ave · Lafayette, LA 70508

$250,000

4 bd · 2.0 ba · 2,032 sqft · SingleFamily public records · 78 Days on market

Built 1976 0.30 ac lot $123/sqft · 10% below area Est $294k · 15% under ↓ 4% since listing

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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 +27.4/30.0
• ARV discount +14.2/15.0
• DSCR +9.6/10.0
• 1% rule +6.5/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in a peaceful cul-de-sac, this 4 Bedroom 2 bathroom home with a metal roof offers the perfect blend of privacy and convenience. Inside the home, you are greeted by a large living room adorned with built in shelves. The kitchen and dining room can be accessed by one of two entry ways from the living creating a great flow throughout the home. The downstairs bathroom also features a walk in tub for easy access. Step out onto the screened in patio that is perfect for relaxful morning coffee or afternoon tea. Located just off Kaliste Saloom Road and E Marital Avenue, you have rapid access to the entire city. Enjoy the best of Lafayette living surrounded by top-tier shopping and dining, including the incredible restaurants of River Ranch. This home is perfectly situated for an active lifestyle, with nearby recreation centers, parks, and pickleball courts.. Comeaux Recreation Center and Beaullieu Park are a short distance away to enjoy all of the amenities that the facilities offer. Additionally, the property is located in close proximity to Our Lady Of Lourdes Hospital.

Key facts

• Metal roof
• Built in shelves
• Walk in tub

Tags

• CUL-DE-SAC
• METAL ROOF
• BUILT IN SHELVES
• WALK IN TUB
• SCREENED IN PATIO
• RAPID ACCESS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $732 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $235k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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: Rents rising (+1.2%/yr); 464 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 40% of the median local income ($86k/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 $8k 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 78 days — a 6% lower offer ($235k) 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 $235,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.15% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.55%
• DSCR: 1.56
• GRM: 7.3

CMA / ARV

• ARV (median comp): $293,532
• List price: $250,000
• Delta: -14.83%
• 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
202 Ashland Park Dr	0.16mi	3/2.0 (-1)	2,125 (+5%)	1mo	$312,500	$147	79
108 Eldridge Dr	0.17mi	3/2.0 (-1)	1,885 (-7%)	10mo	$290,000	$154	66
205 Hearth St	0.51mi	3/2.0 (-1)	2,015 (-1%)	13mo	$469,999	$233	59
309 Roswell Xing	0.68mi	3/2.0 (-1)	1,981 (-2%)	1mo	$575,000	$290	58
206 Porch View Dr	0.51mi	3/2.0 (-1)	2,005 (-1%)	14mo	$458,450	$229	58
219 Durham Dr	0.25mi	3/2.0 (-1)	1,757 (-14%)	4mo	$295,000	$168	57
213 Durham Dr	0.26mi	3/2.0 (-1)	1,757 (-14%)	4mo	$295,000	$168	57
130 Hathaway Dr	0.64mi	3/2.0 (-1)	2,000 (-2%)	12mo	$299,900	$150	52
210 Porch View Dr	0.51mi	3/3.0 (-1)	1,947 (-4%)	12mo	$415,000	$213	50
210 Brickell Way Unit C	0.73mi	3/2.0 (-1)	1,907 (-6%)	4mo	$560,000	$294	47
122 Thrush Loop	0.70mi	3/2.5 (-1)	2,156 (+6%)	8mo	$290,000	$135	44
102 Hearth St	0.51mi	3/2.0 (-1)	2,227 (+10%)	16mo	$470,000	$211	42

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 · 1.23% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.01×
• Total profit: $1,027
• Equity at exit: $37,276

10-year hold

• IRR: 8.3%
• Equity multiple: 1.58×
• Total profit: $40,767
• Equity at exit: $21,615

Cash invested: $70,000 (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 70508

• Home prices YoY: -34.7%
• Rents YoY: 1.2%
• Active inventory: 464
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,865 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$116 /mo · $1,389/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$602
• Net cashflow: $732

Break-even live

Break-even rent $1,938

Max offer price $250,000

Occupancy floor 69%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 La Rue Vil Lafayette, LA	3.0	2.0	1860	$1,900	$1.02	44d	1	0.11mi
150 La Rue Vil Lafayette, LA	3.0	2.0	1650	$1,650	$1.00	13d	1	0.15mi
402 E Martial Ave Lafayette, LA	3.0	2.0	1500	$4,000	$2.67	43d	1	0.16mi
404 E Martial Ave Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	43d	1	0.17mi
406 E Martial Ave Lafayette, LA	4.0	2.0	2017	$5,000	$2.48	43d	1	0.21mi
202 Student Ln Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	43d	1	0.22mi
204 Student Ln Lafayette, LA	3.0	2.0	1976	$3,500	$1.77	43d	1	0.23mi
128 Pigeon Loop Lafayette, LA	4.0	3.0	2700	$2,200	$0.81	13d	1	0.36mi
1521 Camellia Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1246	$2,342	$1.88	13d	16	0.38mi
5530 Ambassador Caffrey Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1194	$1,875	$1.57	13d	15	0.50mi
119 Coconut Grove Cir Lafayette, LA	3.0	2.5	1600	$1,800	$1.12	43d	1	0.61mi
210 Polly Ln Lafayette, LA	1.0–3.0	1.0–2.0	1064	$1,686	$1.58	13d	23	1.17mi
102 Orchard Park Ave Lafayette, LA	4.0	3.0	2464	$4,200	$1.70	13d	1	1.22mi
113 Templeton Dr Lafayette, LA	3.0	2.5	2050	$3,000	$1.46	43d	1	1.23mi
1003 Camellia Blvd Unit 200 Lafayette, LA	3.0	3.0	2550	$3,800	$1.49	43d	1	1.23mi
107 Papwood Cir Lafayette, LA	3.0	2.0	1805	$2,000	$1.11	21d	1	1.25mi
207 Summerland Key Ln Lafayette, LA	4.0	3.0	2018	$2,350	$1.16	44d	1	1.30mi
304 Renwood Cir Lafayette, LA	3.0	2.0	1761	$3,300	$1.87	21d	1	1.37mi
13 Heatherstone Dr Lafayette, LA	3.0	2.0	1995	$2,800	$1.40	21d	1	1.38mi
122 S Beadle Rd Lafayette, LA	3.0	2.0	1500	$1,500	$1.00	43d	1	1.46mi

Listing history 18 events

1. 2026-06-18
   days on market $250,000 Active 78 DOM
2. 2026-06-17
   days on market $250,000 Active 77 DOM
3. 2026-06-16
   days on market $250,000 Active 76 DOM
4. 2026-06-15
   days on market $250,000 Active 75 DOM
5. 2026-06-14
   days on market $250,000 Active 73 DOM
6. 2026-06-13
   days on market $250,000 Active 72 DOM
7. 2026-06-10
   days on market $250,000 Active 70 DOM
8. 2026-06-09
   days on market $250,000 Active 69 DOM
9. 2026-06-08
   days on market $250,000 Active 68 DOM
10. 2026-06-07
    days on market $250,000 Active 67 DOM
11. 2026-06-05
    days on market $250,000 Active 64 DOM
12. 2026-06-03
    days on market $250,000 Active 63 DOM
13. 2026-06-02
    days on market $250,000 Active 62 DOM
14. 2026-06-01
    days on market $250,000 Active 61 DOM
15. 2026-05-31
    days on market $250,000 Active 60 DOM
16. 2026-05-30
    days on market $250,000 Active 59 DOM
17. 2026-05-12
    price $250,000 1088-char remark

    Show marketing remark (1088 chars)

    Nestled in a peaceful cul-de-sac, this 4 Bedroom 2 bathroom home with a metal roof offers the perfect blend of privacy and convenience. Inside the home, you are greeted by a large living room adorned with built in shelves. The kitchen and dining room can be accessed by one of two entry ways from the living creating a great flow throughout the home. The downstairs bathroom also features a walk in tub for easy access. Step out onto the screened in patio that is perfect for relaxful morning coffee or afternoon tea. Located just off Kaliste Saloom Road and E Marital Avenue, you have rapid access to the entire city. Enjoy the best of Lafayette living surrounded by top-tier shopping and dining, including the incredible restaurants of River Ranch. This home is perfectly situated for an active lifestyle, with nearby recreation centers, parks, and pickleball courts.. Comeaux Recreation Center and Beaullieu Park are a short distance away to enjoy all of the amenities that the facilities offer. Additionally, the property is located in close proximity to Our Lady Of Lourdes Hospital.

18. 2026-04-01
    listed $260,000 Active 1088-char remark

    Show marketing remark (1088 chars)

    Nestled in a peaceful cul-de-sac, this 4 Bedroom 2 bathroom home with a metal roof offers the perfect blend of privacy and convenience. Inside the home, you are greeted by a large living room adorned with built in shelves. The kitchen and dining room can be accessed by one of two entry ways from the living creating a great flow throughout the home. The downstairs bathroom also features a walk in tub for easy access. Step out onto the screened in patio that is perfect for relaxful morning coffee or afternoon tea. Located just off Kaliste Saloom Road and E Marital Avenue, you have rapid access to the entire city. Enjoy the best of Lafayette living surrounded by top-tier shopping and dining, including the incredible restaurants of River Ranch. This home is perfectly situated for an active lifestyle, with nearby recreation centers, parks, and pickleball courts.. Comeaux Recreation Center and Beaullieu Park are a short distance away to enjoy all of the amenities that the facilities offer. Additionally, the property is located in close proximity to Our Lady Of Lourdes Hospital.

ⓘ 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: $1,389 · $116/mo
• Projected year-2 tax: $1,389 · $116/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,375
• − Mortgage interest: −$14,004
• − Property taxes: −$1,389
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,750
• − Management: −$2,750
• − Depreciation: −$7,273
• Taxable income: $4,960
• Est. tax owed @ 24.0%: −$1,190
• After-tax cash flow: $7,595/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): 40,592
• Household income: $86,005
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 1860.0

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 (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 20% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 2% 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: ▼ -76.28%
• Current HPI: 143.6305
• Rent YoY: ▲ 1.23%
• 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

-3.8% since first listed

2 events — show timeline

• 2026-05-12 Price Changed $250,000 AcadianaMLS
• 2026-04-01 Listed $260,000 AcadianaMLS

Property tax history

+9.2%/yr

Latest (2025): $1,389 · -1.1% YoY. Source: county tax records.