104 Lynn Dr · Lafayette, LA 70508

$140,000

3 bd · 1.0 ba · 1,353 sqft · SingleFamily public records · 32 Days on market

Built 1958 0.29 ac lot $103/sqft · 26% below area Est $190k · 26% under

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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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +5.5/10.0
• 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

Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

Key facts

• 0.29 acre lot
• 2 parking spots
• Built 1958

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k 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 32 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $135,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.05% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.08%
• DSCR: 1.45
• GRM: 7.9

CMA / ARV

• ARV (median comp): $189,535
• List price: $140,000
• Delta: -26.14%
• 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
104 Lynn Dr	0.00mi	3/1.0	1,349 (-0%)	1mo	$110,000	$82	99
121 Lynn Dr	0.08mi	3/1.5	1,280 (-5%)	10mo	$200,000	$156	77
115 Trojan Pl	0.31mi	3/2.0	1,387 (+2%)	11mo	$203,000	$146	68
107 Mosser Dr	0.41mi	3/2.0	1,322 (-2%)	10mo	$189,900	$144	64
130 Lucas Cir	0.48mi	3/1.5	1,417 (+5%)	14mo	$175,000	$124	56
203 Titan Dr	0.44mi	3/2.0	1,442 (+7%)	16mo	$210,000	$146	51
104 Socrates Pl	0.41mi	3/2.0	1,150 (-15%)	3mo	$170,000	$148	50
215 Titan Dr	0.37mi	3/2.0	1,191 (-12%)	12mo	$165,000	$139	49
219 Titan Dr	0.35mi	3/2.0	1,521 (+12%)	15mo	$179,900	$118	47
304 Mosser Dr	0.41mi	3/2.0	1,524 (+13%)	12mo	$215,000	$141	46
107 Brigante Pl	0.62mi	3/2.0	1,505 (+11%)	5mo	$187,000	$124	44
110 Edie Ann Dr	0.73mi	3/2.0	1,292 (-4%)	13mo	$185,000	$143	43

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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-4,349
• Equity at exit: $20,874

10-year hold

• IRR: 4.8%
• Equity multiple: 1.33×
• Total profit: $12,762
• Equity at exit: $12,105

Cash invested: $39,200 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,476 high
• Mortgage (P&I): −$734
• Tax from tax record: −$44 /mo · $526/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $329

Break-even live

Break-even rent $1,059

Max offer price $140,000

Occupancy floor 73%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 Rials Dr Unit B Lafayette, LA	2.0	2.0	1000	$775	$0.78	43d	1	0.50mi
300 Rials Dr Unit A Lafayette, LA	3.0	2.0	1000	$895	$0.90	43d	1	0.52mi
216 Al Pearson Dr Unit B Lafayette, LA	2.0	1.5	1000	$900	$0.90	43d	1	0.57mi
217 Ryder Dr Unit 223 Lafayette, LA	2.0	1.5	900	$995	$1.11	21d	1	0.58mi
404 Sparrowhawk St Broussard, LA	3.0	2.0	1825	$2,200	$1.21	13d	1	0.69mi
106 Clearwater Dr Broussard, LA	3.0	2.5	1838	$2,200	$1.20	21d	1	0.96mi
200 Tennyson Dr Broussard, LA	3.0	2.0	1843	$2,495	$1.35	43d	1	1.01mi
200 Tennyson Dr Broussard, LA	3.0	2.5	1843	$2,300	$1.25	13d	1	1.01mi
620 W Main St Broussard, LA	3.0	2.0	1587	$1,600	$1.01	43d	1	1.11mi
304 Barataria Bay Pt Lafayette, LA	3.0	2.5	1712	$1,800	$1.05	43d	1	1.11mi
303 Barataria Bay Pt Lafayette, LA	3.0	2.5	1556	$1,850	$1.19	13d	1	1.13mi
101 Vieux Orleans Cir Unit A Lafayette, LA	2.0	1.0	1000	$800	$0.80	43d	1	1.38mi
112 Vieux Orleans Cir Unit C Lafayette, LA	2.0	1.0	900	$750	$0.83	13d	1	1.41mi
403 Fox Run Ave Apt 1 Lafayette, LA	2.0	2.0	1000	$975	$0.97	43d	1	1.42mi

Listing history 6 events

1. 2026-05-09
   status Pending 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

2. 2026-04-20
   status Active 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

3. 2026-04-17
   status Pending 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

4. 2026-04-09
   status Active 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

5. 2026-03-29
   status Pending 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

6. 2026-03-23
   listed $140,000 Active 560-char remark

   Show marketing remark (560 chars)

   Opportunity awaits with this 3-bedroom, 1-bath home offering 1,349 square feet and solid construction ready for its next chapter. The carpet has been removed, revealing real wood flooring that could be beautifully restored. The home has been well loved over the years and offers great potential for buyers looking to update and make improvements. Priced below recent appraisal to account for needed updates, this property presents an excellent opportunity for renovation or investment. Schedule your showing to explore the possibilities this home has to offer.

ⓘ 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: $526 · $44/mo
• Projected year-2 tax: $770 · $64/mo
• Expected delta: +$244/yr (+$20/mo · 46.3%)

ⓘ 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 ≥109°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: $17,708
• − Mortgage interest: −$7,842
• − Property taxes: −$526
• − Insurance: −$700
• − Repairs & maintenance: −$1,417
• − Management: −$1,417
• − Depreciation: −$4,073
• Taxable income: $1,733
• Est. tax owed @ 24.0%: −$416
• After-tax cash flow: $3,537/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

6 events — show timeline

• 2026-05-09 Pending — AcadianaMLS
• 2026-04-20 Relisted — AcadianaMLS
• 2026-04-17 Pending — AcadianaMLS
• 2026-04-09 Relisted — AcadianaMLS
• 2026-03-29 Pending — AcadianaMLS
• 2026-03-23 Listed $140,000 AcadianaMLS

Property tax history

+21.7%/yr

Latest (2025): $526 · -1.1% YoY. Source: county tax records.