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115 Noah St 🏷️ Likely Rental
B+ Composite 79.09
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 +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +4.3/5.0
  • Condition / age +4.0/5.0
  • Livability +3.5/5.0
  • Schools +2.2/10.0
  • Appreciation +0.0/10.0

$75,000

115 Noah St · Lafayette, LA 70501
3 bd · 2.0 ba · 1,314 sqft · SingleFamily public records · 150 Days on market
Good condition 6,534 sqft lot $57/sqft · 14% below area Est $97k · 23% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Updated 3 bedroom, 2 bathroom home featuring a spacious living area and an open kitchen layout. Recent improvements include a generous laundry room addition, granite countertops with new sink, cypress cabinet doors, brand new gas range and a subway tile backsplash in kitchen. The hall bath features updated lighting, a new vanity, cypress wainscoting and tile shower surround. Additional upgrades include new interior doors, fresh paint throughout and a 2022 HVAC condenser. Located in Flood Zone X where flood insurance is not required. Previously rented for $1,000/month, this property presents a strong opportunity for investors or would make an excellent option for owner-occupants.

Key facts

  • Spacious living area
  • New sink
  • Open kitchen layout

Tags

SPACIOUS LIVING AREAOPEN KITCHEN LAYOUTGENEROUS LAUNDRY ROOM ADDITIONGRANITE COUNTERTOPSNEW SINKCYPRESS CABINET DOORS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $75,000 price doesn't fit this home's estimated sale value (~$97,248) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $485 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $75k).
  • Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
  • Cap rate 14.1% vs local median 4.8% 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); Paul Breaux Middle School (math 30% / reading 37%, grade F, #100 of 218 statewide, top 47%, 680 students, 68% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 72% FRL vs 56% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+7.3%/yr); 343 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
  • This rent runs 43% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 150 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 10y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $38k; list at $75k implies a 97% gain — meaningful room to come down on a strong offer.

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 $66,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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. 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
1.60%
Cap rate
14.06%
Cash-on-cash
27.74%
DSCR
2.23
GRM
5.2

CMA / ARV

ARV (median comp)
$97,248
List price
$75,000
Delta
-22.88%
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
113 Iantha St 0.04mi 3/1.0 1,400 (+6%) 13mo $30,000 $21 73
138 N General Marshall St 0.30mi 3/2.0 1,404 (+7%) 4mo $105,000 $75 71
113 Dorian Dr 0.42mi 3/2.0 1,203 (-8%) 5mo $164,000 $136 62
110 Canal St 0.57mi 3/1.0 1,250 (-5%) 1mo $165,000 $132 60
1740 E Pinhook Rd 0.38mi 3/2.0 1,425 (+8%) 12mo $140,984 $99 58
106 Marcelle Dr 0.69mi 3/2.0 1,176 (-10%) 0mo $9,500 $8 50
708 Louisiana Ave 0.74mi 3/2.0 1,210 (-8%) 10mo $99,000 $82 44
1113 Eleventh St 0.56mi 3/2.0 1,450 (+10%) 17mo $169,500 $117 42
103 Calais St 0.74mi 3/1.5 1,182 (-10%) 10mo $139,500 $118 38
206 Arizona St 0.59mi 3/2.0 1,464 (+11%) 18mo $145,000 $99 38
209 Joy St 0.56mi 3/1.5 1,123 (-14%) 20mo $140,500 $125 31
324 Surrey St 0.72mi 2/1.0 (-1) 1,200 (-9%) 15mo $90,000 $75 30

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
26.4%
Equity multiple
2.15×
Total profit
$24,240
Equity at exit
$11,183
10-year hold
IRR
36.5%
Equity multiple
5.07×
Total profit
$85,516
Equity at exit
$6,485

Cash invested: $21,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
23 active · 17 under contract
Months of supply
9.2 mo (11%/mo absorbed)
Median asking
$107,000 ($80/sqft)
Median days on market
57 d
This list price
30% of active listings are priced below it
ARV vs active asking
-7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70501

Rents YoY
7.3%
Active inventory
343
Price-to-rent
5.2×

Monthly cashflow live

Estimated rent
$1,202 high interval (Pro) →
Mortgage (P&I)
$393
Tax from tax record
$40 /mo · $480/yr
Insurance
$31
HOA
$0
Vacancy / Maint / Mgmt
$253
Net cashflow
$485

Break-even live

Break-even rent $588
Max offer price $75,000
Occupancy floor 55%

Sensitivity live

Price -10% $528 -5% $507 +0% $485 +5% $464 +10% $443
Rent -10% $390 -5% $438 +0% $485 +5% $533 +10% $580
Rate -1.0pp $523 -0.5pp $504 base $485 +0.5pp $466 +1.0pp $446

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
$18,750
Closing costs
$2,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
510 Pershing St Lafayette, LA 4.0 2.0 1000 $1,150 $1.15 6d 1 0.24mi
1806 12th St Lafayette, LA 2.0 1.0 900 $775 $0.86 6d 1 0.30mi
1002 E Simcoe St Lafayette, LA 4.0 2.0 1100 $950 $0.86 139d 1 0.66mi
610 Sunset Dr Lafayette, LA 2.0 1.0 1000 $800 $0.80 139d 1 0.73mi
908 Saint Charles St Lafayette, LA 3.0 2.0 1200 $1,250 $1.04 116d 1 0.77mi
245 Sherwood Dr Lafayette, LA 3.0 1.0 1299 $1,195 $0.92 6d 1 0.79mi
101 Michael Allen Blvd Unit 3G Lafayette, LA 2.0 1.5 1066 $1,100 $1.03 6d 1 0.86mi
115 Choctaw Rd Lafayette, LA 3.0 1.5 1100 $1,495 $1.36 6d 1 0.90mi
114 Choctaw Rd Lafayette, LA 2.0 1.0 1000 $1,200 $1.20 116d 1 0.93mi
126 Sherwood Dr Lafayette, LA 3.0 1.0 1200 $1,100 $0.92 0d 1 0.94mi
517 Chopin St Lafayette, LA 2.0 1.0 1000 $900 $0.90 6d 1 0.99mi
319 Tissington St Lafayette, LA 2.0 1.0 956 $775 $0.81 139d 1 0.99mi
423 Sampson St Lafayette, LA 4.0 2.0 1400 $950 $0.68 139d 1 1.13mi
313 Hobson St Lafayette, LA 3.0 1.0 1000 $1,100 $1.10 116d 1 1.23mi
121 Rue Viansa Lafayette, LA 4.0 2.0 1684 $1,950 $1.16 0d 1 1.30mi
406 Starlight Dr Lafayette, LA 4.0 2.0 1867 $3,500 $1.87 0d 1 1.36mi
200 E Cypress St Lafayette, LA 2.0 1.0 1300 $1,400 $1.08 3d 1 1.36mi
200 E Cypress St Lafayette, LA 2.0 1.0 1300 $1,400 $1.08 6d 1 1.36mi
136 E Cypress St Unit A Lafayette, LA 2.0 2.0 990 $1,800 $1.82 6d 1 1.37mi
3600 E Simcoe St Lafayette, LA 1.0–2.0 1.0–1.5 1000 $1,150 $1.15 0d 1 1.43mi
3600 E Simcoe St Lafayette, LA 1.0–3.0 1.0–2.0 1100 $1,300 $1.18 109d 5 1.43mi
505 E Main St Lafayette, LA 2.0 1.0 958 $895 $0.93 6d 1 1.47mi
126 S Refinery St Lafayette, LA 4.0 2.0 1550 $1,495 $0.96 139d 1 1.48mi
219 S Pierce St Lafayette, LA 3.0 1.0 1100 $800 $0.73 6d 1 1.49mi

Property features AI

Exterior

Parking
Carport (1 covered space, 1 total parking space)
Utilities
Gas: AtmosElectric: CityPublic sewer
Home design
Single family residence
Construction
Composition roofWood siding/frame construction
Exterior features
Chain link fenceCity street frontage

Interior

Kitchen
Electric stoveGas stove
Flooring
Tile flooringWood laminate flooring
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air conditioning
Interior features
Cultured marble countersGranite countersOther counter surfaces
Laundry & utility
Electric dryer hookup

Listing history 50 events

  1. 2026-09-24
    days on market $75,000 Active 150 DOM
  2. 2026-09-22
    days on market $75,000 Active 149 DOM
  3. 2026-09-21
    days on market $75,000 Active 148 DOM
  4. 2026-09-20
    days on market $75,000 Active 147 DOM
  5. 2026-09-19
    days on market $75,000 Active 146 DOM
  6. 2026-09-18
    days on market $75,000 Active 145 DOM
  7. 2026-09-17
    days on market $75,000 Active 144 DOM
  8. 2026-09-16
    days on market $75,000 Active 143 DOM
  9. 2026-09-15
    days on market $75,000 Active 142 DOM
  10. 2026-09-14
    days on market $75,000 Active 141 DOM
  11. 2026-09-13
    days on market $75,000 Active 140 DOM
  12. 2026-09-12
    days on market $75,000 Active 139 DOM
  13. 2026-09-11
    days on market $75,000 Active 138 DOM
  14. 2026-09-05
    days on market $75,000 Active 132 DOM
  15. 2026-09-04
    days on market $75,000 Active 131 DOM
  16. 2026-09-03
    days on market $75,000 Active 130 DOM
  17. 2026-08-31
    days on market $75,000 Active 127 DOM
  18. 2026-08-30
    days on market $75,000 Active 126 DOM
  19. 2026-08-29
    days on market $75,000 Active 125 DOM
  20. 2026-08-28
    days on market $75,000 Active 124 DOM
  21. 2026-08-27
    days on market $75,000 Active 123 DOM
  22. 2026-08-26
    days on market $75,000 Active 122 DOM
  23. 2026-08-25
    days on market $75,000 Active 121 DOM
  24. 2026-08-24
    days on market $75,000 Active 120 DOM
  25. 2026-08-23
    days on market $75,000 Active 119 DOM
  26. 2026-08-22
    days on market $75,000 Active 118 DOM
  27. 2026-08-21
    days on market $75,000 Active 117 DOM
  28. 2026-08-20
    days on market $75,000 Active 116 DOM
  29. 2026-08-19
    days on market $75,000 Active 115 DOM
  30. 2026-08-18
    days on market $75,000 Active 114 DOM
  31. 2026-08-17
    days on market $75,000 Active 113 DOM
  32. 2026-08-16
    days on market $75,000 Active 112 DOM
  33. 2026-08-15
    days on market $75,000 Active 111 DOM
  34. 2026-08-14
    days on market $75,000 Active 110 DOM
  35. 2026-08-13
    days on market $75,000 Active 109 DOM
  36. 2026-08-12
    days on market $75,000 Active 108 DOM
  37. 2026-08-11
    days on market $75,000 Active 107 DOM
  38. 2026-08-10
    days on market $75,000 Active 106 DOM
  39. 2026-08-09
    days on market $75,000 Active 105 DOM
  40. 2026-08-08
    days on market $75,000 Active 104 DOM
  41. 2026-08-07
    days on market $75,000 Active 103 DOM
  42. 2026-08-06
    days on market $75,000 Active 102 DOM
  43. 2026-08-05
    days on market $75,000 Active 101 DOM
  44. 2026-08-04
    days on market $75,000 Active 100 DOM
  45. 2026-08-03
    days on market $75,000 Active 99 DOM
  46. 2026-07-31
    days on market $75,000 Active 96 DOM
  47. 2026-07-30
    days on market $75,000 Active 95 DOM
  48. 2026-07-29
    remarks 699-char remark
  49. 2026-07-29
    pricedays on market $75,000 Active 94 DOM
  50. 2026-07-27
    days on market $80,000 Active 92 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
$480 · $40/mo
Projected year-2 tax
$480 · $40/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 ≥108°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$14,429
− Mortgage interest
−$4,201
− Property taxes
−$480
− Insurance
−$375
− Repairs & maintenance
−$1,154
− Management
−$1,154
− Depreciation
−$2,182
Taxable income
$4,883
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,172
After-tax cash flow
$4,653/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 · 10 photos

Good 80/100 Cosmetic rehab Est. rehab $6,570–$19,710 screening

This home is in good condition with recent updates and a good curb appeal. It is ready for a new owner or investor to move in.

Value-add opportunities

  • Both Painting the exterior siding — Fresh paint can enhance curb appeal and property value.
  • Both Landscaping improvements — A well-maintained yard can increase both resale and rental value.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 22/100

Zoned Schools

Elementary Dr. Raphael A. Baranco Elementary School F LA #516/646 Nat'l #36,758/41,679 Middle Paul Breaux Middle School F LA #100/218 Nat'l #7,937/14,009 High Northside High School F LA #186/265 Nat'l #14,491/17,239

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
B Composite livability gradescore 70/100

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 · 280,930 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
18% of renters

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

Price history

+126.3% since first listed
3 events — show timeline
  • 2026-04-23 Listed $80,000 AcadianaMLS
  • 2017-01-30 Sold (MLS) $38,000 AcadianaMLS
  • 2016-12-08 Listed $35,350 AcadianaMLS

Property tax history

+4.9%/yr

Latest (2025): $480 · -1.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…