124 Fullerton Ln · Milton, LA 70508

$226,500

3 bd · 2.5 ba · 1,322 sqft · SingleFamily public records · 188 Days on market

Built 2013 2,178 sqft lot $171/sqft · 14% below area Est $260k · 13% under $29/mo HOA · 1% of rent

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Why this score? — see what drove the C- 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 +16.4/30.0
• ARV discount +13.2/15.0
• DSCR +5.1/10.0
• 1% rule +3.9/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully Maintained Townhome in Miramar Subdivision. Discover the perfect blend of comfort and convenience in this charming 3-bedroom, 2.5-bathroom townhome located in the desirable Miramar subdivision. Nestled on a quiet corner lot with no through traffic, this property offers a serene living environment, making it ideal for families and first-time homebuyers alike.Enjoy a well-designed layout that enhances natural light and flow throughout the home. The living area is perfect for relaxation and entertaining.Three comfortable bedrooms provide ample space for family or guests, with the master suite featuring an ensuite bathroom for added privacy.The townhome showcases 2.5 bathrooms, ensuring convenience for everyone, and is meticulously maintained, ready for you to move in without a worry.Benefit from additional parking space, perfect for guests or multiple vehicles.With an accepted offer, all furniture can be included in the sale, making this an easy transition for new homeowners.Located on a quiet street that fosters a sense of community and safety, ideal for young families or those looking for a peaceful living environment.The Miramar subdivision is known for its welcoming atmosphere, with convenient access to local amenities, parks, and schools.This townhome is a fantastic opportunity for investors seeking rental potential or first-time homebuyers looking to start their journey in homeownership. Don't miss your chance to own this gem in Miramar!Schedule your private showing today and envision your new life in this lovely townhome!

Key facts

• Master suite
• Quiet street
• Quiet corner lot

Tags

• QUIET CORNER LOT
• WELL-DESIGNED LAYOUT
• MASTER SUITE
• ADDITIONAL PARKING SPACE
• QUIET STREET

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $226k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/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 $201k (11.4% below list).
• Recommended offer: $199k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.6% in Milton — 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 68/100 on livability (#89 in LA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D+, 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: Rents rising (+1.2%/yr); 464 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $2k of loan paydown is wiped out by about $7k 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 188 days — a 12% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask has dropped $12k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $168k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $199,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.89% ✗
• Cap rate: 6.98%
• Cash-on-cash: 2.46%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

• ARV (median comp): $259,529
• List price: $226,500
• Delta: -12.73%
• 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
312 Timber Bark Rd	0.16mi	3/2.0	1,349 (+2%)	3mo	$235,000	$174	84
110 Mirada Ln	0.13mi	3/2.0	1,391 (+5%)	1mo	$229,500	$165	82
102 Meadow Gate Dr	0.30mi	3/2.0	1,360 (+3%)	3mo	$230,000	$169	77
105 Sojourner Dr	0.13mi	3/2.0	1,216 (-8%)	3mo	$229,000	$188	76
120 Mirada Ln	0.16mi	3/2.0	1,478 (+12%)	3mo	$235,000	$159	68
135 Legend Creek Dr	0.47mi	3/2.0	1,390 (+5%)	0mo	$224,000	$161	67
129 Troubadore Dr	0.40mi	3/2.0	1,243 (-6%)	3mo	$206,935	$166	67
504 King Arthurs Way	0.60mi	3/2.0	1,351 (+2%)	1mo	$227,000	$168	65
102 Zenda St	0.61mi	3/2.0	1,282 (-3%)	4mo	$210,000	$164	62
408 Wetgrass Dr	0.53mi	3/2.0	1,410 (+7%)	1mo	$260,000	$184	61
102 Crenshaw Dr	0.29mi	3/2.0	1,506 (+14%)	3mo	$244,000	$162	58
143 Legend Creek Dr	0.52mi	3/2.0	1,444 (+9%)	0mo	$205,000	$142	58

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: -14.3%
• Equity multiple: 0.50×
• Total profit: $-31,986
• Equity at exit: $33,772

10-year hold

• IRR: -8.5%
• Equity multiple: 0.51×
• Total profit: $-31,267
• Equity at exit: $19,584

Cash invested: $63,420 (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: 9.4×

Monthly cashflow live

• Estimated rent: $2,006 high
• Mortgage (P&I): −$1,188
• Tax from tax record: −$144 /mo · $1,729/yr
• Insurance: −$94
• HOA: −$29
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $130

Break-even live

Break-even rent $1,842

Max offer price $226,500

Occupancy floor 89%

Sensitivity live

Price	-10% $258	-5% $194	+0% $130	+5% $66	+10% $2
Rent	-10% $-29	-5% $51	+0% $130	+5% $209	+10% $288
Rate	-1.0pp $244	-0.5pp $187	base $130	+0.5pp $71	+1.0pp $11

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: $56,625
• Closing costs: $6,795
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
103 Bijou Dr Lafayette, LA	3.0	2.0	1522	$2,100	$1.38	44d	1	0.13mi
204 Crenshaw Dr Lafayette, LA	3.0	2.0	1337	$2,150	$1.61	21d	1	0.32mi
114 Gadwall Dr Youngsville, LA	2.0	2.5	1305	$1,800	$1.38	44d	1	0.55mi
130 Windermere Cir Youngsville, LA	3.0	2.0	1493	$4,500	$3.01	44d	1	1.32mi
706 Picard Rd Unit 20 Lafayette, LA	2.0	1.0	950	$850	$0.89	21d	1	1.39mi
1312 E Broussard Rd Lafayette, LA	2.0	2.0	877	$1,450	$1.65	14d	6	1.40mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 9 events

1. 2026-04-06
   price $226,500 1563-char remark

   Show marketing remark (1563 chars)

   Beautifully Maintained Townhome in Miramar Subdivision. Discover the perfect blend of comfort and convenience in this charming 3-bedroom, 2.5-bathroom townhome located in the desirable Miramar subdivision. Nestled on a quiet corner lot with no through traffic, this property offers a serene living environment, making it ideal for families and first-time homebuyers alike.Enjoy a well-designed layout that enhances natural light and flow throughout the home. The living area is perfect for relaxation and entertaining.Three comfortable bedrooms provide ample space for family or guests, with the master suite featuring an ensuite bathroom for added privacy.The townhome showcases 2.5 bathrooms, ensuring convenience for everyone, and is meticulously maintained, ready for you to move in without a worry.Benefit from additional parking space, perfect for guests or multiple vehicles.With an accepted offer, all furniture can be included in the sale, making this an easy transition for new homeowners.Located on a quiet street that fosters a sense of community and safety, ideal for young families or those looking for a peaceful living environment.The Miramar subdivision is known for its welcoming atmosphere, with convenient access to local amenities, parks, and schools.This townhome is a fantastic opportunity for investors seeking rental potential or first-time homebuyers looking to start their journey in homeownership. Don't miss your chance to own this gem in Miramar!Schedule your private showing today and envision your new life in this lovely townhome!

2. 2026-02-04
   price $229,000 1563-char remark

   Show marketing remark (1563 chars)

   Beautifully Maintained Townhome in Miramar Subdivision. Discover the perfect blend of comfort and convenience in this charming 3-bedroom, 2.5-bathroom townhome located in the desirable Miramar subdivision. Nestled on a quiet corner lot with no through traffic, this property offers a serene living environment, making it ideal for families and first-time homebuyers alike.Enjoy a well-designed layout that enhances natural light and flow throughout the home. The living area is perfect for relaxation and entertaining.Three comfortable bedrooms provide ample space for family or guests, with the master suite featuring an ensuite bathroom for added privacy.The townhome showcases 2.5 bathrooms, ensuring convenience for everyone, and is meticulously maintained, ready for you to move in without a worry.Benefit from additional parking space, perfect for guests or multiple vehicles.With an accepted offer, all furniture can be included in the sale, making this an easy transition for new homeowners.Located on a quiet street that fosters a sense of community and safety, ideal for young families or those looking for a peaceful living environment.The Miramar subdivision is known for its welcoming atmosphere, with convenient access to local amenities, parks, and schools.This townhome is a fantastic opportunity for investors seeking rental potential or first-time homebuyers looking to start their journey in homeownership. Don't miss your chance to own this gem in Miramar!Schedule your private showing today and envision your new life in this lovely townhome!

3. 2025-11-20
   listed $239,000 Active 1563-char remark

   Show marketing remark (1563 chars)

   Beautifully Maintained Townhome in Miramar Subdivision. Discover the perfect blend of comfort and convenience in this charming 3-bedroom, 2.5-bathroom townhome located in the desirable Miramar subdivision. Nestled on a quiet corner lot with no through traffic, this property offers a serene living environment, making it ideal for families and first-time homebuyers alike.Enjoy a well-designed layout that enhances natural light and flow throughout the home. The living area is perfect for relaxation and entertaining.Three comfortable bedrooms provide ample space for family or guests, with the master suite featuring an ensuite bathroom for added privacy.The townhome showcases 2.5 bathrooms, ensuring convenience for everyone, and is meticulously maintained, ready for you to move in without a worry.Benefit from additional parking space, perfect for guests or multiple vehicles.With an accepted offer, all furniture can be included in the sale, making this an easy transition for new homeowners.Located on a quiet street that fosters a sense of community and safety, ideal for young families or those looking for a peaceful living environment.The Miramar subdivision is known for its welcoming atmosphere, with convenient access to local amenities, parks, and schools.This townhome is a fantastic opportunity for investors seeking rental potential or first-time homebuyers looking to start their journey in homeownership. Don't miss your chance to own this gem in Miramar!Schedule your private showing today and envision your new life in this lovely townhome!

4. 2018-07-02
   soldstatus $168,000
5. 2018-06-28
   soldstatus $168,000 367-char remark

   Show marketing remark (367 chars)

   Beautiful townhome located in Miramar Subdivision on a corner lot. The kitchen has beautiful granite countertops and stainless steal appliances. There is stained concrete throughout the downstairs. Spacious living are with half bath, along with Master Suite downstairs. Upstairs you will find a small loft space and two additional bedrooms with an adjoining bathroom.

6. 2018-02-14
   listed $170,000 367-char remark

   Show marketing remark (367 chars)

   Beautiful townhome located in Miramar Subdivision on a corner lot. The kitchen has beautiful granite countertops and stainless steal appliances. There is stained concrete throughout the downstairs. Spacious living are with half bath, along with Master Suite downstairs. Upstairs you will find a small loft space and two additional bedrooms with an adjoining bathroom.

7. 2013-01-22
   listed $149,900
8. 2012-09-06
   soldstatus $94,000
9. 2008-07-18
   listed $225,000

ⓘ 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: $1,729 · $144/mo
• Projected year-2 tax: $1,729 · $144/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 1/10 Low FEMA zone X (unshaded) · 0% 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,076
• − Mortgage interest: −$12,688
• − Property taxes: −$1,729
• − Insurance: −$1,132
• − Repairs & maintenance: −$1,926
• − Management: −$1,926
• − HOA: −$348
• − Depreciation: −$6,589
• Taxable loss: −$2,262
• Est. tax savings @ 24.0%: +$543
• After-tax cash flow: $2,100/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 — Milton

• Score: 68/100
• State rank: #89
• US rank: #9617

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lafayette Parish · 207,544 people
• City population: 24
• 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

+0.7% since first listed

9 events — show timeline

• 2026-04-06 Price Changed $226,500 AcadianaMLS
• 2026-02-04 Price Changed $229,000 AcadianaMLS
• 2025-11-20 Listed $239,000 AcadianaMLS
• 2018-07-02 Sold (Public Records) $168,000 Public Records
• 2018-06-28 Sold (MLS) $168,000 AcadianaMLS
• 2018-02-14 Listed $170,000 AcadianaMLS
• 2013-01-22 Listed $149,900 AcadianaMLS
• 2012-09-06 Sold (Public Records) $94,000 Public Records
• 2008-07-18 Listed $225,000 AcadianaMLS

Property tax history

+21.5%/yr

Latest (2025): $1,729 · -1.3% YoY. Source: county tax records.