308 Newcastle Dr · Lafayette, LA 70503

$199,999

3 bd · 1.5 ba · 1,572 sqft · SingleFamily public records · 99 Days on market

Built 1958 0.27 ac lot $127/sqft · 8% below area Est $213k · 6% under ↓ 10% 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 +17.9/30.0
• ARV discount +10.2/15.0
• DSCR +5.6/10.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

Key facts

• Updated finishes
• Renovated residence
• Functional layout

Tags

• RENOVATED RESIDENCE
• MINUTES FROM RIVER RANCH
• UPDATED FINISHES
• FUNCTIONAL LAYOUT
• COMFORTABLE LIVING SPACES
• DESIRABLE AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $167 ($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 $181k (9.4% below list).
• Recommended offer: $181k (9.4% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); L.J. Alleman Middle School (math 48% / reading 56%, grade C+, #23 of 218 statewide, top 10%, 952 students, 54% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 $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 99 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 2y 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.

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 $181,292 (9.4% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% 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. 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. 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?
8. 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.
9. 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.
10. 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: 0.91% ✗
• Cap rate: 7.30%
• Cash-on-cash: 3.58%
• DSCR: 1.16
• GRM: 9.2

CMA / ARV

• ARV (median comp): $212,923
• List price: $199,999
• Delta: -6.07%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
410 S Wakefield Dr	0.35mi	3/2.0	1,495 (-5%)	1mo	$212,000	$142	72
126 Belle Lake Dr	0.66mi	3/2.0	1,560 (-1%)	3mo	$257,000	$165	63
703 Idlewood Blvd	0.67mi	3/2.0	1,550 (-1%)	2mo	$200,000	$129	63
340 Harrell Dr	0.64mi	3/2.0	1,624 (+3%)	3mo	$205,000	$126	60
106 Maple Dr	0.41mi	3/2.0	1,745 (+11%)	1mo	$206,000	$118	60
120 Oakbend Dr	0.73mi	3/2.0	1,622 (+3%)	0mo	$240,000	$148	59
305 Halcott Dr #122	0.37mi	2/2.5 (-1)	1,440 (-8%)	2mo	$205,000	$142	58
418 Chateau Pl	0.60mi	3/2.0	1,681 (+7%)	1mo	$254,000	$151	57
202 Rena Dr	0.46mi	3/1.0	1,377 (-12%)	3mo	$179,900	$131	53
123 Belle Lake Dr	0.40mi	4/2.0 (+1)	1,778 (+13%)	2mo	$277,500	$156	51
102 Judice Meadows Ln	0.49mi	2/2.5 (-1)	1,384 (-12%)	2mo	$170,000	$123	47
207 S William Dr	0.60mi	3/2.0	1,780 (+13%)	2mo	$210,000	$118	46

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: -13.5%
• Equity multiple: 0.53×
• Total profit: $-26,494
• Equity at exit: $29,821

10-year hold

• IRR: -9.0%
• Equity multiple: 0.50×
• Total profit: $-27,799
• Equity at exit: $17,292

Cash invested: $56,000 (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: 237
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,813 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$133 /mo · $1,594/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $167

Break-even live

Break-even rent $1,601

Max offer price $199,999

Occupancy floor 86%

Sensitivity live

Price	-10% $280	-5% $224	+0% $167	+5% $111	+10% $54
Rent	-10% $24	-5% $96	+0% $167	+5% $239	+10% $310
Rate	-1.0pp $268	-0.5pp $218	base $167	+0.5pp $115	+1.0pp $63

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
611 Dutton Dr Lafayette, LA	4.0	2.0	1960	$1,725	$0.88	45d	1	0.28mi
106 Maple Dr Lafayette, LA	3.0	2.0	1800	$2,100	$1.17	15d	1	0.42mi
201 Castle Row Lafayette, LA	3.0	2.0	1595	$1,800	$1.13	15d	1	0.53mi
110 Claymore Dr Lafayette, LA	3.0	2.0	1500	$1,500	$1.00	22d	1	0.64mi
443 Normandy Rd Lafayette, LA	3.0	2.0	1348	$1,450	$1.08	45d	1	0.69mi
300 Highland Dr Lafayette, LA	4.0	2.0	2200	$1,900	$0.86	45d	1	0.72mi
113 Faculty Dr Lafayette, LA	4.0	1.5	1321	$1,495	$1.13	15d	1	0.79mi
123 Highland Dr Lafayette, LA	3.0	2.0	1550	$1,700	$1.10	22d	1	0.82mi
102 Perth PL Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	22d	1	1.14mi
108 Beaulac Ln Lafayette, LA	2.0	2.0	1450	$2,950	$2.03	45d	1	1.18mi
304 Renwood Cir Lafayette, LA	3.0	2.0	1761	$3,300	$1.87	22d	1	1.18mi
106 Seattle St Lafayette, LA	3.0	2.0	1480	$1,900	$1.28	45d	1	1.23mi
1042 Camellia Blvd Lafayette, LA	1.0–2.0	1.0–2.0	880	$1,941	$2.21	15d	10	1.29mi
401 Strasbourg Dr Lafayette, LA	3.0	2.0	1500	$1,450	$0.97	45d	1	1.32mi
3121 Johnston St #121 Lafayette, LA	2.0	2.0	1200	$1,400	$1.17	45d	1	1.37mi
214 Sunny Ln Lafayette, LA	3.0	2.0	1700	$2,350	$1.38	15d	1	1.41mi
220 Steiner Rd Lafayette, LA	2.0	2.5	1200	$3,200	$2.67	45d	1	1.47mi
302 Richland Ave Unit 103C Lafayette, LA	2.0	2.0	1409	$4,200	$2.98	45d	1	1.48mi

Listing history 33 events

1. 2026-06-21
   days on market $199,999 Active 99 DOM
2. 2026-06-18
   days on market $199,999 Active 96 DOM
3. 2026-06-17
   days on market $199,999 Active 95 DOM
4. 2026-06-16
   days on market $199,999 Active 94 DOM
5. 2026-06-15
   days on market $199,999 Active 93 DOM
6. 2026-06-14
   days on market $199,999 Active 91 DOM
7. 2026-06-13
   days on market $199,999 Active 90 DOM
8. 2026-06-10
   days on market $199,999 Active 88 DOM
9. 2026-06-09
   days on market $199,999 Active 87 DOM
10. 2026-06-08
    days on market $199,999 Active 86 DOM
11. 2026-06-07
    days on market $199,999 Active 85 DOM
12. 2026-06-05
    days on market $199,999 Active 82 DOM
13. 2026-06-03
    days on market $199,999 Active 81 DOM
14. 2026-06-02
    days on market $199,999 Active 80 DOM
15. 2026-06-01
    days on market $199,999 Active 79 DOM
16. 2026-05-31
    days on market $199,999 Active 78 DOM
17. 2026-05-30
    days on market $199,999 Active 77 DOM
18. 2026-05-03
    price $202,000 729-char remark

    Show marketing remark (729 chars)

    Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

19. 2026-04-10
    status Active 729-char remark

    Show marketing remark (729 chars)

    Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

20. 2026-03-30
    status Pending 729-char remark

    Show marketing remark (729 chars)

    Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

21. 2026-03-26
    price $206,000 729-char remark

    Show marketing remark (729 chars)

    Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

22. 2026-03-02
    listed $210,000 Active 729-char remark

    Show marketing remark (729 chars)

    Welcome home to this beautifully renovated 3-bedroom, 2-bath residence ideally located just off Camellia Boulevard in the heart of Lafayette. Enjoy the convenience of being just minutes from River Ranch, along with premier shopping, dining, and everything Lafayette has to offer.This home has been extensively renovated, offering updated finishes and modern touches throughout while maintaining a warm, inviting feel. The functional layout provides comfortable living spaces perfect for both everyday living and entertaining guests.Whether you're searching for a move-in ready primary residence, downsizing, or adding to your investment portfolio, this home delivers location, style, and convenience -- all in one desirable area.

23. 2025-04-26
    historical $1,550
24. 2025-04-14
    listed $1,550
25. 2025-04-14
    price $205,000
26. 2025-01-06
    price $210,000
27. 2024-09-30
    listed $215,000 Active
28. 2024-09-04
    status Active
29. 2024-05-21
    status Active
30. 2024-05-17
    status Pending
31. 2024-04-12
    price $218,000
32. 2024-03-28
    price $224,000
33. 2024-03-01
    listed $225,000 Active

ⓘ 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: $1,594 · $133/mo
• Projected year-2 tax: $1,594 · $133/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,755
• − Mortgage interest: −$11,203
• − Property taxes: −$1,594
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,740
• − Management: −$1,740
• − Depreciation: −$5,818
• Taxable loss: −$1,341
• Est. tax savings @ 24.0%: +$322
• After-tax cash flow: $2,329/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

-10.2% since first listed

16 events — show timeline

• 2026-05-03 Price Changed $202,000 AcadianaMLS
• 2026-04-10 Relisted — AcadianaMLS
• 2026-03-30 Pending — AcadianaMLS
• 2026-03-26 Price Changed $206,000 AcadianaMLS
• 2026-03-02 Listed $210,000 AcadianaMLS
• 2025-04-26 Rental Removed $1,550 RAAMLS
• 2025-04-14 Listed for Rent $1,550 RAAMLS
• 2025-04-14 Price Changed $205,000 AcadianaMLS
• 2025-01-06 Price Changed $210,000 AcadianaMLS
• 2024-09-30 Listed $215,000 AcadianaMLS
• 2024-09-04 Relisted — AcadianaMLS
• 2024-05-21 Relisted — AcadianaMLS
• 2024-05-17 Pending — AcadianaMLS
• 2024-04-12 Price Changed $218,000 AcadianaMLS
• 2024-03-28 Price Changed $224,000 AcadianaMLS
• 2024-03-01 Listed $225,000 AcadianaMLS

Property tax history

+5.3%/yr

Latest (2025): $1,594 · -1.1% YoY. Source: county tax records.