701 S College Rd Apt 215 · Lafayette, LA 70503

$67,400

1 bd · 1.0 ba · 650 sqft · Townhouse public records · 87 Days on market

Built 1982 $104/sqft · 11% below area Est $76k · 11% under $123/mo HOA · 13% of rent

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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 +26.0/30.0
• ARV discount +12.4/15.0
• DSCR +8.7/10.0
• 1% rule +8.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained and efficiently designed 1BR/1BA unit conveniently located near Moncus Park, Girard Park, Ochsner Lafayette General Hospital, the University of Louisiana at Lafayette (ULL), and the Oil Center. Enjoy close proximity to shopping, dining, and major employers.This unit features brand-new appliances and washer/dryer hookups for added convenience. A great opportunity for comfortable living in a highly desirable area.Schedule your showing today--this one won't last long!

Key facts

• Washer dryer hookups
• Brand-new appliances
• Conveniently located

Tags

• BRAND-NEW APPLIANCES
• WASHER DRYER HOOKUPS
• CONVENIENTLY LOCATED
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $67k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($917 rent vs $67k).
• Recommended offer: $63k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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 flat; 235 active listings in the ZIP; 14 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).
• This rent is only 12% of the median local income ($95k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $466 of loan paydown is wiped out by about $2k 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 87 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $63,356 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 1.36% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.66%
• DSCR: 1.47
• GRM: 6.1

CMA / ARV

• ARV (median comp): $75,596
• List price: $67,400
• Delta: -10.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3121 Johnston St #238	0.75mi	1/1.0	618 (-5%)	11mo	$85,000	$138	48

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: -3.7%
• Equity multiple: 0.87×
• Total profit: $-2,547
• Equity at exit: $10,050

10-year hold

• IRR: 2.2%
• Equity multiple: 1.14×
• Total profit: $2,578
• Equity at exit: $5,828

Cash invested: $18,872 (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: 6.1×

Monthly cashflow live

• Estimated rent: $917 high
• Mortgage (P&I): −$353
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$28
• HOA: −$123
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $168

Break-even live

Break-even rent $705

Max offer price $67,400

Occupancy floor 77%

Sensitivity live

Price	-10% $206	-5% $187	+0% $168	+5% $149	+10% $130
Rent	-10% $95	-5% $131	+0% $168	+5% $204	+10% $240
Rate	-1.0pp $202	-0.5pp $185	base $168	+0.5pp $150	+1.0pp $132

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: $16,850
• Closing costs: $2,022
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 S College Rd Lafayette, LA	1.0–2.0	1.0	659	$757	$1.15	14d	5	0.22mi
112 Hillside Dr #26 Lafayette, LA	1.0	1.0	741	$995	$1.34	44d	1	0.37mi
106 Seville Blvd Unit B Lafayette, LA	1.0	1.0	584	$850	$1.46	44d	1	0.75mi
131 1/2 Mildred St Unit C Lafayette, LA	1.0	1.0	500	$625	$1.25	14d	1	0.89mi
715 Harding St Unit 5 Lafayette, LA	1.0	1.0	500	$725	$1.45	44d	1	1.19mi
1318 Lee Ave Unit B6 Lafayette, LA	1.0	1.0	400	$750	$1.88	21d	1	1.23mi
1318 Lee Ave Unit C7 Lafayette, LA	1.0	1.0	450	$1,150	$2.56	14d	1	1.23mi
600 E University Ave #7 Lafayette, LA	1.0	1.0	600	$995	$1.66	44d	1	1.28mi
101 Westwood Dr Lafayette, LA	1.0	1.0	651	$1,036	$1.59	14d	3	1.33mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	14d	1	1.38mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	44d	1	1.39mi
305 Ella St Unit 3 Lafayette, LA	1.0	1.5	515	$995	$1.93	14d	1	1.43mi
328 1/2 Theodora Blvd Lafayette, LA	1.0	1.0	440	$1,100	$2.50	14d	1	1.46mi
328 Theodora Blvd Unit 1/2 Lafayette, LA	1.0	1.0	440	$1,100	$2.50	21d	1	1.46mi

HOA detail

• Monthly dues: $123 · $1,476/yr

Listing history 30 events

1. 2026-06-18
   days on market $67,400 Active 87 DOM
2. 2026-06-17
   days on market $67,400 Active 86 DOM
3. 2026-06-16
   days on market $67,400 Active 85 DOM
4. 2026-06-15
   days on market $67,400 Active 84 DOM
5. 2026-06-14
   days on market $67,400 Active 82 DOM
6. 2026-06-13
   days on market $67,400 Active 81 DOM
7. 2026-06-10
   days on market $67,400 Active 79 DOM
8. 2026-06-09
   days on market $67,400 Active 78 DOM
9. 2026-06-08
   days on market $67,400 Active 77 DOM
10. 2026-06-07
    days on market $67,400 Active 76 DOM
11. 2026-06-05
    days on market $67,400 Active 73 DOM
12. 2026-06-03
    pricedays on market $67,400 Active 72 DOM
13. 2026-06-02
    days on market $69,900 Active 71 DOM
14. 2026-06-01
    days on market $69,900 Active 70 DOM
15. 2026-05-31
    days on market $69,900 Active 69 DOM
16. 2026-05-30
    days on market $69,900 Active 68 DOM
17. 2026-05-04
    price $69,900 485-char remark

    Show marketing remark (485 chars)

    Well-maintained and efficiently designed 1BR/1BA unit conveniently located near Moncus Park, Girard Park, Ochsner Lafayette General Hospital, the University of Louisiana at Lafayette (ULL), and the Oil Center. Enjoy close proximity to shopping, dining, and major employers.This unit features brand-new appliances and washer/dryer hookups for added convenience. A great opportunity for comfortable living in a highly desirable area.Schedule your showing today--this one won't last long!

18. 2026-04-27
    price $72,000 485-char remark

    Show marketing remark (485 chars)

    Well-maintained and efficiently designed 1BR/1BA unit conveniently located near Moncus Park, Girard Park, Ochsner Lafayette General Hospital, the University of Louisiana at Lafayette (ULL), and the Oil Center. Enjoy close proximity to shopping, dining, and major employers.This unit features brand-new appliances and washer/dryer hookups for added convenience. A great opportunity for comfortable living in a highly desirable area.Schedule your showing today--this one won't last long!

19. 2026-03-23
    listed $75,000 Active 485-char remark

    Show marketing remark (485 chars)

    Well-maintained and efficiently designed 1BR/1BA unit conveniently located near Moncus Park, Girard Park, Ochsner Lafayette General Hospital, the University of Louisiana at Lafayette (ULL), and the Oil Center. Enjoy close proximity to shopping, dining, and major employers.This unit features brand-new appliances and washer/dryer hookups for added convenience. A great opportunity for comfortable living in a highly desirable area.Schedule your showing today--this one won't last long!

20. 2025-11-06
    historical $700
21. 2025-09-19
    price $700
22. 2025-08-28
    price $750
23. 2025-07-02
    listed $800
24. 2022-07-12
    price $750
25. 2020-03-04
    soldstatus $55,000 310-char remark

    Show marketing remark (310 chars)

    Cute one bedroom apartment near ULL Campus, Cajun Field, Cajun Dome, Oil Center, and Moncus Park centrally located in Lafayette. This dwelling would be perfect for a first time home buyer or as an investment property. The apartment is currently rented at an under market rate of $575 permonth thru May of 2020.

26. 2020-01-06
    listed $59,000 310-char remark

    Show marketing remark (310 chars)

    Cute one bedroom apartment near ULL Campus, Cajun Field, Cajun Dome, Oil Center, and Moncus Park centrally located in Lafayette. This dwelling would be perfect for a first time home buyer or as an investment property. The apartment is currently rented at an under market rate of $575 permonth thru May of 2020.

27. 2019-01-18
    listed $63,000
28. 2012-06-22
    soldstatus $57,000
29. 2005-06-30
    soldstatus $45,000
30. 2005-01-10
    listed $56,000

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $627 · $52/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,004
• − Mortgage interest: −$3,775
• − Property taxes: −$627
• − Insurance: −$337
• − Repairs & maintenance: −$880
• − Management: −$880
• − HOA: −$1,476
• − Depreciation: −$1,961
• Taxable income: $1,067
• Est. tax owed @ 24.0%: −$256
• After-tax cash flow: $1,756/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): 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

+24.8% since first listed

14 events — show timeline

• 2026-05-04 Price Changed $69,900 AcadianaMLS
• 2026-04-27 Price Changed $72,000 AcadianaMLS
• 2026-03-23 Listed $75,000 AcadianaMLS
• 2025-11-06 Rental Removed $700 APPFOLIO
• 2025-09-19 Price Changed $700 APPFOLIO
• 2025-08-28 Price Changed $750 APPFOLIO
• 2025-07-02 Listed for Rent $800 APPFOLIO
• 2022-07-12 Price Changed $750 RENT.
• 2020-03-04 Sold (MLS) $55,000 AcadianaMLS
• 2020-01-06 Listed $59,000 AcadianaMLS
• 2019-01-18 Listed $63,000 AcadianaMLS
• 2012-06-22 Sold (Public Records) $57,000 Public Records
• 2005-06-30 Sold (MLS) $45,000 AcadianaMLS
• 2005-01-10 Listed $56,000 AcadianaMLS

Property tax history

+3.1%/yr

Latest (2025): $627 · -1.1% YoY. Source: county tax records.