203 Cedar Peak Ln · Lafayette, LA 70501

$230,000

4 bd · 2.0 ba · 1,874 sqft · SingleFamily · 252 Days on market

Good condition 6,098 sqft lot $123/sqft · 11% below area Est $257k · 11% under $35/mo HOA · 1% 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 +24.1/30.0
• ARV discount +12.3/15.0
• DSCR +7.8/10.0
• 1% rule +5.9/10.0
• Rent growth +4.3/5.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Listed 252 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $456 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 74% FRL vs 56% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.3%/yr); 247 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,517/mo this rent would consume 91% of the median local household income ($33k/yr) (locally 2089% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 7.3% rent growth), your $64k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 252 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 252 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 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: 1.09% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.50%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (median comp): $257,216
• List price: $230,000
• Delta: -10.58%
• 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
323 White Pine Dr	0.15mi	4/2.0	1,874 (0%)	1mo	$249,000	$133	92
328 White Pine Dr	0.15mi	4/2.0	1,874 (0%)	1mo	$254,500	$136	92
120 Red Pine Dr	0.17mi	4/2.0	1,874 (0%)	6mo	$239,900	$128	87
204 White Pine Dr	0.13mi	4/2.0	1,786 (-5%)	6mo	$236,000	$132	81
423 Starlight Dr	0.12mi	4/2.0	1,700 (-9%)	0mo	$230,000	$135	78
335 White Pine Dr	0.15mi	4/2.0	1,704 (-9%)	1mo	$237,000	$139	77
332 White Pine Dr	0.14mi	4/2.0	2,079 (+11%)	6mo	$269,000	$129	70
330 White Pine Dr	0.15mi	5/3.0 (+1)	2,087 (+11%)	1mo	$269,500	$129	64
336 White Pine Dr	0.14mi	3/2.0 (-1)	1,616 (-14%)	3mo	$242,000	$150	63
319 White Pine Dr	0.15mi	3/2.0 (-1)	1,613 (-14%)	2mo	$235,500	$146	63
333 White Pine Dr	0.15mi	3/2.0 (-1)	1,613 (-14%)	2mo	$235,000	$146	63
102 Kingswood Dr	0.61mi	3/2.0 (-1)	1,775 (-5%)	4mo	$215,000	$121	54

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 · 7.35% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $3,299
• Equity at exit: $34,294

10-year hold

• IRR: 14.8%
• Equity multiple: 2.43×
• Total profit: $91,933
• Equity at exit: $19,886

Cash invested: $64,400 (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 70501

• Rents YoY: 7.3%
• Active inventory: 247
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$195 /mo · $2,340/yr
• Insurance: −$96
• HOA: −$35
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $456

Break-even live

Break-even rent $1,939

Max offer price $230,000

Occupancy floor 77%

Sensitivity live

Price	-10% $587	-5% $521	+0% $456	+5% $391	+10% $326
Rent	-10% $258	-5% $357	+0% $456	+5% $556	+10% $655
Rate	-1.0pp $572	-0.5pp $515	base $456	+0.5pp $397	+1.0pp $336

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	15d	1	0.14mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	15d	1	0.18mi

HOA detail

• Monthly dues: $35 · $420/yr
• Likely covers: security

Listing history 29 events

1. 2026-06-21
   days on market $230,000 Active 252 DOM
2. 2026-06-18
   days on market $230,000 Active 249 DOM
3. 2026-06-17
   days on market $230,000 Active 248 DOM
4. 2026-06-16
   days on market $230,000 Active 247 DOM
5. 2026-06-15
   days on market $230,000 Active 246 DOM
6. 2026-06-14
   days on market $230,000 Active 244 DOM
7. 2026-06-13
   days on market $230,000 Active 243 DOM
8. 2026-06-10
   days on market $230,000 Active 241 DOM
9. 2026-06-09
   days on market $230,000 Active 240 DOM
10. 2026-06-08
    days on market $230,000 Active 239 DOM
11. 2026-06-07
    days on market $230,000 Active 238 DOM
12. 2026-06-05
    days on market $230,000 Active 235 DOM
13. 2026-06-03
    days on market $230,000 Active 234 DOM
14. 2026-06-02
    days on market $230,000 Active 233 DOM
15. 2026-06-01
    days on market $230,000 Active 232 DOM
16. 2026-05-31
    days on market $230,000 Active 231 DOM
17. 2026-05-30
    days on market $230,000 Active 230 DOM
18. 2026-04-14
    price $235,000 817-char remark

    Show marketing remark (817 chars)

    Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

19. 2026-02-10
    price $240,000 817-char remark

    Show marketing remark (817 chars)

    Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

20. 2025-12-29
    price $245,000 817-char remark

    Show marketing remark (817 chars)

    Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

21. 2025-10-13
    status Active 817-char remark

    Show marketing remark (817 chars)

    Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

22. 2025-10-10
    listed $255,000 Active 817-char remark

    Show marketing remark (817 chars)

    Welcome to 203 Cedar Peak Lane in Cedar Creek a spacious and thoughtfully upgraded DR Horton home located in the heart of Lafayette, Louisiana. This 4-bedroom, 3-bath Huntsville floor plan offers generous space, modern finishes, and custom touches your clients will appreciate. Inside, you'll find an open-concept layout ideal for everyday living and entertaining. The kitchen has been enhanced with additional cabinetry in both the kitchen and dining areas, offering extra storage and style.In the garage, custom shelving has been added for even more functionality. A top-tier Vivint security system (over $2,000 in equipment value) is included for peace of mind and smart living.Located in a desirable neighborhood and offering quality features both inside and out, this home is move-in ready and full of potential.

23. 2024-09-10
    soldstatus $245,000 Sold 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

24. 2024-08-12
    status Pending 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

25. 2024-05-20
    price $245,000 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

26. 2024-04-29
    price $250,000 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

27. 2024-02-21
    price $255,000 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

28. 2023-12-27
    listed $260,000 Active 248-char remark

    Show marketing remark (248 chars)

    Move-In Ready! Earn up to $10,000 in closing costs & Special Interest Rate on qualifying homes for qualified buyers when using seller's preferred lender and title companies. Contract must be written between 7/29/24-8/18/24 and close by 9/30/24

29. 2022-06-01
    soldstatus $2,100,000

ⓘ 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: $2,340 · $195/mo
• Projected year-2 tax: $2,340 · $195/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 8/10 Severe 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,203
• − Mortgage interest: −$12,884
• − Property taxes: −$2,340
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − HOA: −$420
• − Depreciation: −$6,691
• Taxable income: $1,886
• Est. tax owed @ 24.0%: −$453
• After-tax cash flow: $5,024/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This move-in ready home offers a good condition with modern finishes and a spacious layout, ideal for both resale and rental.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Trim and shrubbery — Improves landscaping and enhances curb appeal
• Both Clean gutters — Prevents water damage and improves drainage

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Trim and shrubbery — Improves landscaping and enhances curb appeal ↑
• Both Clean gutters — Prevents water damage and improves drainage ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2089.0

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 Black (73%)
• Race & ethnicity: Black 73% White 18% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -108.63%
• Current HPI: 81.2963
• Rent YoY: ▲ 7.35%
• 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

-88.8% since first listed

12 events — show timeline

• 2026-04-14 Price Changed $235,000 AcadianaMLS
• 2026-02-10 Price Changed $240,000 AcadianaMLS
• 2025-12-29 Price Changed $245,000 AcadianaMLS
• 2025-10-13 Relisted — AcadianaMLS
• 2025-10-10 Listed $255,000 AcadianaMLS
• 2024-09-10 Sold (MLS) $245,000 AcadianaMLS
• 2024-08-12 Pending — AcadianaMLS
• 2024-05-20 Price Changed $245,000 AcadianaMLS
• 2024-04-29 Price Changed $250,000 AcadianaMLS
• 2024-02-21 Price Changed $255,000 AcadianaMLS
• 2023-12-27 Listed $260,000 AcadianaMLS
• 2022-06-01 Sold (Public Records) $2,100,000 Public Records

Property tax history

+128.4%/yr

Latest (2025): $2,340 · +493.0% YoY. Source: county tax records.