2518 Walker Rd · Scott, LA 70583

$95,000

3 bd · 2.0 ba · 1,800 sqft · MultiFamily · 149 Days on market

Fair condition 0.41 ac lot $53/sqft · 38% below area Est $154k · 38% under ↓ 21% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

Key facts

• 0.41 acre lot
• 4 parking spots
• Listed 149 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $95k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $320 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.7% vs local median 4.7% in Scott — 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 66/100 on livability (#116 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools B+; Watch: crime F, amenities F, commute 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: 276 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $657 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $25k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.87% ✓
• Cap rate: 15.72%
• Cash-on-cash: 33.68%
• DSCR: 2.50
• GRM: 4.5

CMA / ARV

• ARV (median comp): $154,089
• List price: $95,000
• Delta: -38.35%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2518 Walker Rd	0.00mi	3/2.0	1,800 (0%)	0mo	$75,000	$42	100

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $5,274
• Equity at exit: $14,165

10-year hold

• IRR: 14.7%
• Equity multiple: 2.20×
• Total profit: $32,008
• Equity at exit: $8,214

Cash invested: $26,600 (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 70583

• Active inventory: 276
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,776 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $320

Break-even live

Break-even rent $1,371

Max offer price $95,000

Occupancy floor 77%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Notre Dame Dr Lafayette, LA	3.0	3.0	1700	$1,700	$1.00	43d	1	1.10mi
506 Kees Cir Lafayette, LA	4.0	2.0	2433	$1,900	$0.78	21d	1	1.40mi

Listing history 8 events

1. 2026-05-13
   status Pending 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

2. 2026-04-16
   status Active 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

3. 2026-03-09
   status Pending 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

4. 2026-02-19
   price $95,000 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

5. 2026-01-20
   status Active 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

6. 2025-11-25
   status Pending 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

7. 2025-09-24
   price $110,000 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

8. 2025-09-09
   listed $120,000 Active 318-char remark

   Show marketing remark (318 chars)

   INVESTOR SPECIAL! Two adjacent homes with tenants in place. Unit 1 is a two bed, one bath detached single family home with a roof less than 10 years old. Unit 2 is a one bed one bath detached single family home with a roof under 5 years. Jump now on this opportunity to own two adjacent rental properties in Lafayette.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 92% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 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: $21,312
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$5,594
• − Repairs & maintenance: −$1,705
• − Management: −$1,705
• − Depreciation: −$2,764
• Taxable income: $2,798
• Est. tax owed @ 24.0%: −$672
• After-tax cash flow: $3,168/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property presents as a moderate rehab opportunity with average condition. Exterior repairs and interior updates would significantly enhance its value.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Bathtub — Old and possibly in need of cleaning
• Moderate Exterior siding — Worn and faded
• Minor Interior walls — Paint chipping
• Minor Landscaping — Overgrown and needs trimming

Value-add opportunities

• Both Paint exterior siding and trim — Fresh paint enhances curb appeal and value
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics
• Both Clean and organize interior walls — Fresh paint and organized space improve aesthetics and functionality
• Both Trim and maintain landscaping — Well-maintained landscaping enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Minor	$500–3,000
Bathtub · Old and possibly in need of cleaning	Minor	$500–3,000
Exterior siding · Worn and faded	Moderate	$3,000–15,000
Interior walls · Paint chipping	Minor	$500–3,000
Landscaping · Overgrown and needs trimming	Minor	$500–3,000
Total estimated repair cost · 5 items		$5,000–27,000

Value-add ROI direction

• Both Paint exterior siding and trim — Fresh paint enhances curb appeal and value ↑
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics ↑
• Both Clean and organize interior walls — Fresh paint and organized space improve aesthetics and functionality ↑
• Both Trim and maintain landscaping — Well-maintained landscaping enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Scott

• Score: 66/100
• State rank: #116
• US rank: #11265

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C Housing B+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scott, LA
• City population: 8,670
• Population (ZIP): 8,670

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 16% Black 13% Two or more races 11%
• Hispanic origin (detail): Mexican 7% Cuban 2%
• Common ancestry: Lithuanian 11% Slovak 3% Italian 1%
• Foreign-born: 11% · Canada
• Languages at home: 81% English-only · Spanish 12% French/Haitian/Cajun 7%

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: ▼ -84.03%
• Current HPI: 132.4083
• Rent YoY: —
• Metro: —
• 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

-20.8% since first listed

8 events — show timeline

• 2026-05-13 Pending — AcadianaMLS
• 2026-04-16 Relisted — AcadianaMLS
• 2026-03-09 Pending — AcadianaMLS
• 2026-02-19 Price Changed $95,000 AcadianaMLS
• 2026-01-20 Relisted — AcadianaMLS
• 2025-11-25 Pending — AcadianaMLS
• 2025-09-24 Price Changed $110,000 AcadianaMLS
• 2025-09-09 Listed $120,000 AcadianaMLS