234 1/2 N Pine St · Lafayette, LA 70501

$50,000

3 bd · 1.0 ba · 979 sqft · SingleFamily · 29 Days on market

Fair condition 5,662 sqft lot Est $81k · 38% under ↓ 44% since listing

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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 +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
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

This three bedroom home offers a fenced in yard. The living room is open to the kitchen. Features a one car carport. Schedule your showing today.

Key facts

• Open to kitchen
• One car carport
• Fenced in yard

Tags

• FENCED IN YARD
• OPEN TO KITCHEN
• ONE CAR CARPORT

Property features AI

Exterior

• Parking: Carport (1 covered space, total parking for 1)
• Utilities: Gas service by Atmos; Public sewer; Electric service from city
• Home design: Single family residence
• Construction: Wood siding; Frame construction; Composition roof; Metal roof
• Exterior features: Composition and metal roof; Wood siding and frame construction; Paved road frontage

Interior

• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; Window unit(s) for cooling
• Interior features: Laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $462 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 17.4% 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: 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 76% FRL vs 56% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 42% district-wide (-16 pts) — the specific schools serving this property underperform the Lafayette Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+7.3%/yr); 246 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 37% 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 $346 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 $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,250 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.04% ✓
• Cap rate: 17.38%
• Cash-on-cash: 39.59%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $81,257
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 N Pine St	0.22mi	3/1.0	979 (0%)	8mo	$60,500	$62	83
327 Sonny St	0.29mi	3/1.0	975 (-0%)	8mo	$37,000	$38	80
301 Doc Duhon St	0.38mi	3/1.0	1,000 (+2%)	7mo	$90,000	$90	73
114 Randolph Dr	0.49mi	3/1.0	920 (-6%)	7mo	$74,000	$80	62
108 Macklyn St	0.58mi	3/1.0	1,054 (+8%)	1mo	$50,000	$47	59
107 Odile St	0.55mi	2/1.0 (-1)	950 (-3%)	6mo	$96,000	$101	59
204 Doc Duhon St	0.46mi	3/1.0	900 (-8%)	9mo	$75,000	$83	57
382 Sunset Dr	0.63mi	3/1.0	857 (-12%)	4mo	$76,500	$89	47
315 Doc Duhon St	0.34mi	2/1.5 (-1)	1,102 (+13%)	14mo	$86,300	$78	44
211 Sonny St	0.36mi	2/2.0 (-1)	850 (-13%)	18mo	$44,000	$52	37
2826 Louisiana Ave Apt 1003	0.57mi	2/2.5 (-1)	1,100 (+12%)	18mo	$103,000	$94	27
209 Joy St	0.72mi	3/1.5	1,123 (+15%)	17mo	$140,500	$125	26

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: 40.8%
• Equity multiple: 2.86×
• Total profit: $26,004
• Equity at exit: $7,455

10-year hold

• IRR: 49.1%
• Equity multiple: 6.83×
• Total profit: $81,554
• Equity at exit: $4,323

Cash invested: $14,000 (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 70501

• Rents YoY: 7.3%
• Active inventory: 246
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,022 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $462

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 50%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
241 N Pine St Lafayette, LA	2.0	1.0	864	$950	$1.10	44d	1	0.02mi
2820 Louisiana Ave Lafayette, LA	1.0–2.0	1.0–2.0	821	$1,145	$1.39	14d	20	0.50mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	21d	1	0.54mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	14d	1	0.54mi
610 Sunset Dr Lafayette, LA	2.0	1.0	1000	$800	$0.80	44d	1	0.56mi
2826 Louisiana Ave #907 Lafayette, LA	2.0	2.5	1100	$950	$0.86	21d	1	0.57mi
2830 Louisiana Ave #6 Lafayette, LA	2.0	1.5	1100	$950	$0.86	14d	1	0.57mi
810 Fairmont Ln Lafayette, LA	3.0	1.0	1000	$992	$0.99	44d	1	0.82mi
319 Tissington St Lafayette, LA	2.0	1.0	956	$775	$0.81	44d	1	0.97mi
815 Martin Luther King Junior Dr Apt 29 Lafayette, LA	2.0	1.0	873	$800	$0.92	21d	1	1.17mi
815 Martin Luther King Junior Dr Unit 40 Lafayette, LA	2.0	1.0	873	$800	$0.92	44d	1	1.17mi
313 Hobson St Lafayette, LA	3.0	1.0	1000	$1,100	$1.10	21d	1	1.29mi
1002 E Simcoe St Lafayette, LA	4.0	2.0	1100	$950	$0.86	44d	1	1.38mi
127 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	21d	1	1.42mi
1030 9th St Lafayette, LA	2.0	1.0	800	$800	$1.00	44d	1	1.42mi
125 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	21d	1	1.43mi
206 N Washington St Lafayette, LA	3.0	1.0	900	$900	$1.00	21d	1	1.46mi

Listing history 21 events

1. 2026-06-18
   days on market $50,000 Active 29 DOM
2. 2026-06-17
   days on market $50,000 Active 28 DOM
3. 2026-06-16
   days on market $50,000 Active 27 DOM
4. 2026-06-15
   days on market $50,000 Active 26 DOM
5. 2026-06-14
   days on market $50,000 Active 24 DOM
6. 2026-06-13
   days on market $50,000 Active 23 DOM
7. 2026-06-10
   days on market $50,000 Active 21 DOM
8. 2026-06-09
   days on market $50,000 Active 20 DOM
9. 2026-06-08
   days on market $50,000 Active 19 DOM
10. 2026-06-07
    days on market $50,000 Active 18 DOM
11. 2026-06-05
    days on market $50,000 Active 15 DOM
12. 2026-06-03
    days on market $50,000 Active 14 DOM
13. 2026-06-02
    days on market $50,000 Active 13 DOM
14. 2026-06-01
    days on market $50,000 Active 12 DOM
15. 2026-05-31
    days on market $50,000 Active 11 DOM
16. 2026-05-30
    days on market $50,000 Active 10 DOM
17. 2026-05-19
    listed $50,000 Active
18. 2025-10-17
    status Active
19. 2025-10-17
    historical
20. 2025-09-02
    price $60,000
21. 2025-05-20
    listed $90,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥109°F today · 18 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

Taxation est. · year 1

• Rental income: $12,265
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$981
• − Management: −$981
• − Depreciation: −$1,455
• Taxable income: $5,048
• Est. tax owed @ 24.0%: −$1,211
• After-tax cash flow: $4,332/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

Fair 45/100 Moderate rehab

This three-bedroom home requires moderate renovations, focusing on updating the kitchen and bathroom, repairing interior walls, and addressing the roof. The property has a fenced yard and carport, but the current condition limits its resale and rental potential.

Repairs flagged

• Minor kitchen cabinets — simple update needed
• Major bathroom fixtures — old and in poor condition
• Major interior walls — significant damage and peeling paint

Value-add opportunities

• Resale update kitchen cabinets — modernizes space
• Resale replace bathroom fixtures — improves functionality
• Resale repair and paint interior walls — enhances overall appearance
• Both repair roof — essential for long-term value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · simple update needed	Minor	$500–3,000
bathroom fixtures · old and in poor condition	Major	$15,000–50,000
interior walls · significant damage and peeling paint	Major	$15,000–50,000
Total estimated repair cost · 3 items		$30,500–103,000

Value-add ROI direction

• Resale update kitchen cabinets — modernizes space ↑
• Resale replace bathroom fixtures — improves functionality ↑
• Resale repair and paint interior walls — enhances overall appearance ↑
• Both repair roof — essential for long-term value ↑

ⓘ 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

-44.4% since first listed

5 events — show timeline

• 2026-05-19 Listed $50,000 AcadianaMLS
• 2025-10-17 Relisted — AcadianaMLS
• 2025-10-17 Delisted — AcadianaMLS
• 2025-09-02 Price Changed $60,000 AcadianaMLS
• 2025-05-20 Listed $90,000 AcadianaMLS