102 Albania Ct · Lafayette, LA 70503

$240,000

3 bd · 2.0 ba · 1,780 sqft · SingleFamily public records · 5 Days on market

Built 1979 0.33 ac lot Est $338k · 29% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.2/30.0
• DSCR +4.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

sold before listing

Key facts

• Open layout
• Recessed lighting
• Exposed beams

Tags

• CHARMING BRICK EXTERIOR
• VAULTED WOOD PLANK CEILINGS
• EXPOSED BEAMS
• STUNNING BRICK FIREPLACE
• RECESSED LIGHTING
• OPEN LAYOUT

Property features AI

Exterior

• Parking: 2 total parking spaces; 2 covered garage spaces
• Utilities: Public sewer; City electric
• Home design: Single family residence
• Construction: Brick veneer and frame construction; Composition roof
• Exterior features: Exterior lighting; Covered, screened porch; Workshop (outbuilding); Full wood fencing with gate; Cul-de-sac frontage

Interior

• Kitchen: Dishwasher; Disposal; Electric stove/oven; Refrigerator; Cultured marble and Formica countertops
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Crown molding; Double vanity; Dual closets; Varied ceiling heights; Walk-in closet(s); Cultured marble counters; Formica counters; Wood-burning fireplace (1)
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-4 ($-45/yr) — negative.
• To cash-flow at today's rent, offer at most $239k (0.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (19.8% below list).
• Recommended offer: $193k (19.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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.
• Zoned schools: Broadmoor Elementary School (math 62% / reading 65%, grade B, #47 of 646 statewide, top 7%, 801 students, 54% FRL); Edgar Martin Middle School (math 40% / reading 53%, grade D+, #41 of 218 statewide, top 19%, 490 students, 59% FRL); O. Comeaux High School (math 38% / reading 40%, grade F, #86 of 265 statewide, top 33%, 1,098 students, 56% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents flat; 235 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).

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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 27y 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 $195k; 23% 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 $192,560 (19.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1979 — 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. 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?
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: 0.80% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.07%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $338,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 B Camino Real Rd	0.08mi	3/2.0	1,616 (-9%)	4mo	$190,000	$118	78
205 Fillmore Way	0.52mi	3/2.0	1,767 (-1%)	8mo	$339,500	$192	68
203 Fillmore Way	0.53mi	3/2.0	1,730 (-3%)	6mo	$334,000	$193	65
121 Pleasant View Dr	0.60mi	3/2.0	1,850 (+4%)	2mo	$250,000	$135	64
209 Fillmore Way	0.51mi	3/2.0	1,852 (+4%)	6mo	$360,000	$194	64
619 Canberra Rd	0.48mi	3/2.0	1,568 (-12%)	1mo	$219,900	$140	57
102 Sun Vista Ln	0.67mi	3/2.5	1,843 (+4%)	4mo	$352,900	$191	57
508 Capstone Xing	0.64mi	3/2.0	1,905 (+7%)	2mo	$374,500	$197	57
201 Fillmore Way	0.53mi	4/2.0 (+1)	1,887 (+6%)	4mo	$358,900	$190	56
135 Pleasant View Dr	0.68mi	3/2.0	1,686 (-5%)	4mo	$230,000	$136	56
600 Capstone Xing	0.61mi	4/2.0 (+1)	1,887 (+6%)	5mo	$358,900	$190	53
914 Rosedown Ln	0.74mi	3/2.0	1,651 (-7%)	5mo	$235,000	$142	49

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: -19.2%
• Equity multiple: 0.34×
• Total profit: $-44,168
• Equity at exit: $35,785

10-year hold

• IRR: -17.9%
• Equity multiple: 0.13×
• Total profit: $-58,384
• Equity at exit: $20,751

Cash invested: $67,200 (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 70503

• Home prices YoY: -34.0%
• Rents YoY: 0.4%
• Active inventory: 235
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,926 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$166 /mo · $1,997/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-4

Break-even live

Break-even rent $1,930

Max offer price $239,331

Occupancy floor 95%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
330 Dunvegan Ct Lafayette, LA	3.0	2.5	1848	$2,400	$1.30	43d	1	0.35mi
709 Rosedown Ln Lafayette, LA	3.0	2.0	1800	$1,700	$0.94	43d	1	0.48mi
104 Marblehead Ave Lafayette, LA	2.0–3.0	2.0–2.5	1448	$2,668	$1.84	13d	126	0.71mi
6000 Johnston St Lafayette, LA	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	13d	20	0.84mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	21d	1	0.91mi
201 Finsbury Ln Lafayette, LA	3.0	2.0	1730	$2,575	$1.49	21d	1	0.91mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	13d	18	0.97mi
225 Shadowbrush Bnd Lafayette, LA	3.0	2.0	1585	$1,700	$1.07	43d	1	1.04mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	13d	17	1.08mi
600 Glade Blvd Lafayette, LA	3.0	2.0	1617	$1,695	$1.05	13d	1	1.09mi
303 Belle Grove Blvd Lafayette, LA	3.0	2.0	1700	$1,700	$1.00	21d	1	1.15mi
1630 Rue du Belier Lafayette, LA	1.0–3.0	1.0–2.0	1060	$1,600	$1.51	13d	25	1.18mi
115 Hermitage Ave Lafayette, LA	3.0	2.0	2190	$2,000	$0.91	13d	1	1.22mi
221 Wakely CT Lafayette, LA	3.0	2.0	1659	$1,975	$1.19	13d	1	1.23mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	43d	1	1.28mi
106 Braddish Ct Lafayette, LA	3.0	2.0	1659	$1,900	$1.15	21d	1	1.29mi
2339 Robley Dr Lafayette, LA	3.0	2.0	1428	$1,395	$0.98	13d	1	1.32mi
304 Tall Meadows Ln Lafayette, LA	3.0	2.0	1689	$1,850	$1.10	43d	1	1.44mi
303 Tall Meadows Ln Lafayette, LA	3.0	2.0	1522	$2,000	$1.31	21d	1	1.44mi
105 Alpine Meadows Ln Lafayette, LA	3.0	2.0	1629	$1,945	$1.19	21d	1	1.49mi

Listing history 6 events

1. 2026-06-17
   status $240,000 Pending 5 DOM
2. 2026-06-17
   days on market $240,000 Active 5 DOM
3. 2026-06-16
   days on market $240,000 Active 4 DOM
4. 2026-06-15
   days on market $240,000 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $240,000 Active 1 DOM

ⓘ 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: $1,997 · $166/mo
• Projected year-2 tax: $1,997 · $166/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 2/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,107
• − Mortgage interest: −$13,444
• − Property taxes: −$1,997
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,849
• − Management: −$1,849
• − Depreciation: −$6,982
• Taxable loss: −$4,213
• Est. tax savings @ 24.0%: +$1,011
• After-tax cash flow: $966/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

+118.2% since first listed

6 events — show timeline

• 2026-06-11 Listed $240,000 AcadianaMLS
• 2024-05-30 Sold (Public Records) $195,000 Public Records
• 2024-05-29 Sold (MLS) $195,000 AcadianaMLS
• 2024-03-11 Listed $215,000 AcadianaMLS
• 1999-06-04 Sold (MLS) $105,000 AcadianaMLS
• 1999-01-04 Listed $110,000 AcadianaMLS

Property tax history

+9.3%/yr

Latest (2025): $1,997 · -1.1% YoY. Source: county tax records.