2803 Bonin Rd · Youngsville, LA 70592

$189,000

3 bd · 2.0 ba · 1,040 sqft · Manufactured public records · 24 Days on market

Built 2018 1.00 ac lot $182/sqft · 45% above area Est $148k · 28% over ↓ 5% since listing

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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).

• Cash flow +23.0/30.0
• DSCR +7.4/10.0
• 1% rule +5.1/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location,. a unique opportunity to own a full acre in one of the most desirable and fast-growing areas in Acadiana. This property offers the perfect blend of space, privacy, and potential, with plenty of room to expand, customize, or simply enjoy the outdoors. The existing home provides a great opportunity. With no tight subdivision restrictions and room to grow, you can truly make this property your own. Located just minutes from shopping, dining, and top-rated schools, you get the best of both worlds -- peaceful living with everyday convenience. Hard-to-find acreage in Youngsville -- don't miss this opportunity.

Key facts

• Privacy
• Full acre
• Hard-to-find acreage

Tags

• FULL ACRE
• PRIVACY
• TOP-RATED SCHOOLS
• HARD-TO-FIND ACREAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $189k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $186k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.7% in Youngsville — 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 78/100 on livability (#8 in LA, #2,614 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: 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 (+1.6%/yr); 682 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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 $1k of loan paydown is wiped out by about $6k 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 24 days — a 2% lower offer ($186k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $186,165 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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?
4. 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.
5. 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.
6. 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: 1.01% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.61%
• DSCR: 1.34
• GRM: 8.3

CMA / ARV

• ARV (median comp): $147,500
• List price: $189,000
• Delta: 28.14%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.78×
• Total profit: $-11,852
• Equity at exit: $28,181

10-year hold

• IRR: 1.9%
• Equity multiple: 1.13×
• Total profit: $6,800
• Equity at exit: $16,341

Cash invested: $52,920 (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 70592

• Home prices YoY: -23.4%
• Rents YoY: 1.6%
• Active inventory: 682
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,902 high
• Mortgage (P&I): −$991
• Tax from tax record: −$97 /mo · $1,162/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $336

Break-even live

Break-even rent $1,477

Max offer price $189,000

Occupancy floor 77%

Sensitivity live

Price	-10% $443	-5% $389	+0% $336	+5% $282	+10% $229
Rent	-10% $185	-5% $261	+0% $336	+5% $411	+10% $486
Rate	-1.0pp $431	-0.5pp $384	base $336	+0.5pp $287	+1.0pp $237

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Prescott Blvd Youngsville, LA	1.0–2.0	1.0–2.0	829	$1,956	$2.36	14d	14	0.34mi
117 Harvey Cay Ln Youngsville, LA	3.0	2.0	1499	$1,950	$1.30	45d	1	0.65mi
119 Gadwall Dr Youngsville, LA	2.0	2.5	1453	$1,795	$1.24	45d	1	0.68mi
1931 Chemin Metairie Pkwy Youngsville, LA	1.0–3.0	1.0–2.0	1132	$1,899	$1.68	14d	69	0.69mi
105 Firethorn Dr Youngsville, LA	2.0	2.5	1453	$1,695	$1.17	22d	1	0.69mi
200 Crick Point WAY Youngsville, LA	2.0–3.0	2.0	1134	$2,040	$1.80	14d	6	0.73mi
205 Jacques St Youngsville, LA	2.0	1.0	1100	$995	$0.90	22d	1	0.99mi
118 Village Green Dr Youngsville, LA	3.0	2.0	1410	$1,800	$1.28	14d	1	0.99mi
118 Gadwall DR Youngsville, LA	2.0	2.5	1334	$1,700	$1.27	45d	1	1.05mi
102 Canvasback DR Youngsville, LA	2.0	2.5	1305	$1,900	$1.46	45d	1	1.05mi
120 Mayberry Grove ST Youngsville, LA	2.0	2.5	1500	$1,725	$1.15	45d	1	1.05mi
204 Romero St Unit C Youngsville, LA	2.0	2.5	1202	$1,650	$1.37	14d	1	1.15mi
130 Windermere Cir Youngsville, LA	3.0	2.0	1493	$4,500	$3.01	45d	1	1.35mi

Listing history 3 events

1. 2026-05-07
   status Pending 641-char remark

   Show marketing remark (641 chars)

   Location, location, location,. a unique opportunity to own a full acre in one of the most desirable and fast-growing areas in Acadiana. This property offers the perfect blend of space, privacy, and potential, with plenty of room to expand, customize, or simply enjoy the outdoors. The existing home provides a great opportunity. With no tight subdivision restrictions and room to grow, you can truly make this property your own. Located just minutes from shopping, dining, and top-rated schools, you get the best of both worlds -- peaceful living with everyday convenience. Hard-to-find acreage in Youngsville -- don't miss this opportunity.

2. 2026-04-30
   price $189,000 641-char remark

   Show marketing remark (641 chars)

   Location, location, location,. a unique opportunity to own a full acre in one of the most desirable and fast-growing areas in Acadiana. This property offers the perfect blend of space, privacy, and potential, with plenty of room to expand, customize, or simply enjoy the outdoors. The existing home provides a great opportunity. With no tight subdivision restrictions and room to grow, you can truly make this property your own. Located just minutes from shopping, dining, and top-rated schools, you get the best of both worlds -- peaceful living with everyday convenience. Hard-to-find acreage in Youngsville -- don't miss this opportunity.

3. 2026-04-13
   listed $199,000 Active 641-char remark

   Show marketing remark (641 chars)

   Location, location, location,. a unique opportunity to own a full acre in one of the most desirable and fast-growing areas in Acadiana. This property offers the perfect blend of space, privacy, and potential, with plenty of room to expand, customize, or simply enjoy the outdoors. The existing home provides a great opportunity. With no tight subdivision restrictions and room to grow, you can truly make this property your own. Located just minutes from shopping, dining, and top-rated schools, you get the best of both worlds -- peaceful living with everyday convenience. Hard-to-find acreage in Youngsville -- don't miss this opportunity.

ⓘ 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: $1,162 · $97/mo
• Projected year-2 tax: $1,162 · $97/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 6/10 Major FEMA zone X (unshaded) · 73% 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: $22,822
• − Mortgage interest: −$10,587
• − Property taxes: −$1,162
• − Insurance: −$945
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$5,498
• Taxable income: $978
• Est. tax owed @ 24.0%: −$235
• After-tax cash flow: $3,794/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 — Youngsville

• Score: 78/100
• State rank: #8
• US rank: #2614

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Youngsville, LA
• County: Lafayette Parish · 207,544 people
• City population: 32,167
• Metro: Lafayette, LA
• Population (ZIP): 32,167
• Household income: $93,204
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 424.0

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 (82%)
• Race & ethnicity: White 82% Black 10% Two or more races 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Lithuanian 24% Romanian 3% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 3% Spanish 2%

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: ▼ -41.24%
• Current HPI: 135.2825
• Rent YoY: ▲ 1.65%
• 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

-5.0% since first listed

3 events — show timeline

• 2026-05-07 Pending — AcadianaMLS
• 2026-04-30 Price Changed $189,000 AcadianaMLS
• 2026-04-13 Listed $199,000 AcadianaMLS

Property tax history

+38.7%/yr

Latest (2025): $1,162 · -1.2% YoY. Source: county tax records.