108 Homas Rd · Lafayette, LA 70501

$154,000

3 bd · 1.0 ba · 1,283 sqft · SingleFamily public records · 81 Days on market

Built 1977 0.25 ac lot $120/sqft · 17% above area Est $151k · 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 +15.1/30.0
• ARV discount +6.5/15.0
• DSCR +4.6/10.0
• Rent growth +4.3/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

Key facts

• Waterproof flooring
• New paint
• New appliances

Tags

• NEW ROOF
• NEW AC
• WATERPROOF FLOORING
• NEW PAINT
• NEW APPLIANCES
• OPEN-CONCEPT LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $51 ($611/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 $128k (16.9% below list).
• Recommended offer: $128k (16.9% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 74% FRL vs 56% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.3%/yr); 247 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $1,280/mo this rent would consume 46% of the median local household income ($33k/yr) (locally 2089% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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

• It's been on market 81 days — a 6% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 34y 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 $50k; list at $154k implies a 208% gain — meaningful room to come down on a strong offer.

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 $127,950 (16.9% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. 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?
8. 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.
9. 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.
10. 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: 0.83% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.42%
• DSCR: 1.06
• GRM: 10.0

CMA / ARV

• ARV (median comp): $150,551
• List price: $154,000
• Delta: 2.29%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 River Rd	0.17mi	3/1.0	1,220 (-5%)	11mo	$84,000	$69	75
109 Indian Mound Rd	0.14mi	3/2.0	1,394 (+9%)	8mo	$151,000	$108	68
210 Lilly St	0.53mi	3/1.0	1,200 (-6%)	2mo	$21,000	$18	62
3500 E Simcoe St #69	0.22mi	2/2.5 (-1)	1,440 (+12%)	2mo	$125,000	$87	56
3500 E Simcoe St #46	0.24mi	2/2.5 (-1)	1,340 (+4%)	20mo	$122,000	$91	54
3500 E Simcoe St #62	0.22mi	2/2.5 (-1)	1,455 (+13%)	4mo	$114,000	$78	52
113 Dorian Dr	0.74mi	3/2.0	1,203 (-6%)	2mo	$164,000	$136	50
3500 E Simcoe St #23	0.22mi	2/2.5 (-1)	1,455 (+13%)	14mo	$112,000	$77	45

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 · 7.35% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.63×
• Total profit: $-15,914
• Equity at exit: $22,962

10-year hold

• IRR: 4.4%
• Equity multiple: 1.38×
• Total profit: $16,375
• Equity at exit: $13,315

Cash invested: $43,120 (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 70501

• Rents YoY: 7.3%
• Active inventory: 247
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,280 high
• Mortgage (P&I): −$808
• Tax from tax record: −$88 /mo · $1,058/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $51

Break-even live

Break-even rent $1,215

Max offer price $154,000

Occupancy floor 91%

Sensitivity live

Price	-10% $138	-5% $94	+0% $51	+5% $7	+10% $-36
Rent	-10% $-50	-5% $0	+0% $51	+5% $101	+10% $152
Rate	-1.0pp $128	-0.5pp $90	base $51	+0.5pp $11	+1.0pp $-30

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Choctaw Rd Lafayette, LA	2.0	1.0	1000	$1,200	$1.20	23d	1	0.19mi
3600 E Simcoe St Lafayette, LA	1.0–3.0	1.0–2.0	1100	$1,300	$1.18	15d	5	0.41mi
908 Saint Charles St Lafayette, LA	3.0	2.0	1200	$1,250	$1.04	23d	1	0.97mi
126 S Refinery St Lafayette, LA	4.0	2.0	1550	$1,495	$0.96	45d	1	1.09mi
1426 General Mouton Ave Lafayette, LA	2.0	2.0	1205	$1,495	$1.24	45d	1	1.29mi
1404 General Mouton Ave Lafayette, LA	2.0	2.0	1205	$1,495	$1.24	45d	1	1.29mi
1002 E Simcoe St Lafayette, LA	4.0	2.0	1100	$950	$0.86	45d	1	1.34mi

Listing history 25 events

1. 2026-06-21
   days on market $154,000 Active 81 DOM
2. 2026-06-18
   days on market $154,000 Active 78 DOM
3. 2026-06-17
   days on market $154,000 Active 77 DOM
4. 2026-06-16
   days on market $154,000 Active 76 DOM
5. 2026-06-15
   days on market $154,000 Active 75 DOM
6. 2026-06-14
   days on market $154,000 Active 73 DOM
7. 2026-06-13
   days on market $154,000 Active 72 DOM
8. 2026-06-10
   days on market $154,000 Active 70 DOM
9. 2026-06-09
   days on market $154,000 Active 69 DOM
10. 2026-06-08
    days on market $154,000 Active 68 DOM
11. 2026-06-07
    days on market $154,000 Active 67 DOM
12. 2026-06-05
    days on market $154,000 Active 64 DOM
13. 2026-06-03
    days on market $154,000 Active 63 DOM
14. 2026-06-02
    days on market $154,000 Active 62 DOM
15. 2026-06-01
    days on market $154,000 Active 61 DOM
16. 2026-05-31
    days on market $154,000 Active 60 DOM
17. 2026-05-30
    days on market $154,000 Active 59 DOM
18. 2026-05-04
    status Active 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

19. 2026-04-19
    status Pending 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

20. 2026-04-09
    status Active 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

21. 2026-04-01
    status Pending 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

22. 2026-03-30
    price $154,000 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

23. 2026-03-04
    listed $159,000 Active 750-char remark

    Show marketing remark (750 chars)

    New roof, new AC, waterproof flooring, new paint and new appliances! This beautifully renovated property at offers a perfect blend of modern sophistication and inviting warmth. The heart of the home features a stunning, open-concept layout designed to maximize space and flow, making it ideal for both quiet evenings and lively entertaining. Large, strategically placed windows allow an abundance of natural light to pour in, illuminating the crisp, neutral finishes and highlighting the quality craftsmanship found throughout the recent updates. This bright and airy atmosphere breathes life into every corner of the residence, creating a seamless connection between the stylish interior and the peaceful surroundings of the River Oaks neighborhood.

24. 1993-03-04
    soldstatus $50,000 109-char remark

    Show marketing remark (109 chars)

    C/BA 3%-100: GREAT FLOORPLAN! LARGE ROOMS, BEAUTIFUL LOT! BEAUTIFUL WOOD FLRS. $1500 ALLOWANCE FOR ALLIANCES.

25. 1992-08-18
    listed $52,000 109-char remark

    Show marketing remark (109 chars)

    C/BA 3%-100: GREAT FLOORPLAN! LARGE ROOMS, BEAUTIFUL LOT! BEAUTIFUL WOOD FLRS. $1500 ALLOWANCE FOR ALLIANCES.

ⓘ 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: $1,058 · $88/mo
• Projected year-2 tax: $1,058 · $88/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 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 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: $15,354
• − Mortgage interest: −$8,626
• − Property taxes: −$1,058
• − Insurance: −$770
• − Repairs & maintenance: −$1,228
• − Management: −$1,228
• − Depreciation: −$4,480
• Taxable loss: −$2,037
• Est. tax savings @ 24.0%: +$489
• After-tax cash flow: $1,099/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): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2089.0

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 Black (73%)
• Race & ethnicity: Black 73% White 18% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -108.63%
• Current HPI: 81.2963
• Rent YoY: ▲ 7.35%
• 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

+196.2% since first listed

8 events — show timeline

• 2026-05-04 Relisted — AcadianaMLS
• 2026-04-19 Pending — AcadianaMLS
• 2026-04-09 Relisted — AcadianaMLS
• 2026-04-01 Pending — AcadianaMLS
• 2026-03-30 Price Changed $154,000 AcadianaMLS
• 2026-03-04 Listed $159,000 AcadianaMLS
• 1993-03-04 Sold (MLS) $50,000 AcadianaMLS
• 1992-08-18 Listed $52,000 AcadianaMLS

Property tax history

+16.1%/yr

Latest (2025): $1,058 · -1.1% YoY. Source: county tax records.