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

$35,000

3 bd · 1.0 ba · 979 sqft · SingleFamily · 126 Days on market

Fair condition 5,662 sqft lot $36/sqft · 57% below area ↓ 50% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Livability +3.5/5.0
• Schools +2.2/10.0
• 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

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $553 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.3% 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; 23 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% 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 36% 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 $242 of loan paydown is wiped out by about $1k 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (30%) 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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 2.87% ✓
• Cap rate: 25.25%
• Cash-on-cash: 67.71%
• DSCR: 4.01
• GRM: 2.9

CMA / ARV

• ARV (median comp): $81,646
• List price: $35,000
• Delta: -57.13%
• 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
110 N Pine St	0.22mi	3/1.0	979 (0%)	11mo	$60,500	$62	81
327 Sonny St	0.29mi	3/1.0	975 (-0%)	11mo	$37,000	$38	77
300 Doc Duhon St	0.40mi	3/1.0	936 (-4%)	2mo	$70,000	$75	72
301 Doc Duhon St	0.38mi	3/1.0	1,000 (+2%)	10mo	$90,000	$90	71
127 Randolph Dr	0.46mi	2/1.0 (-1)	1,032 (+5%)	1mo	$50,000	$48	64
114 Randolph Dr	0.49mi	3/1.0	920 (-6%)	10mo	$74,000	$80	59
108 Macklyn St	0.58mi	3/1.0	1,054 (+8%)	4mo	$50,000	$47	57
107 Odile St	0.55mi	2/1.0 (-1)	950 (-3%)	9mo	$96,000	$101	56
204 Doc Duhon St	0.46mi	3/1.0	900 (-8%)	12mo	$75,000	$83	55
312 Darrel St	0.56mi	2/1.0 (-1)	899 (-8%)	2mo	$55,000	$61	54
382 Sunset Dr	0.63mi	3/1.0	857 (-12%)	7mo	$76,500	$89	44
315 Doc Duhon St	0.34mi	2/1.5 (-1)	1,102 (+13%)	18mo	$86,300	$78	42

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: 72.0%
• Equity multiple: 4.49×
• Total profit: $34,160
• Equity at exit: $5,219

10-year hold

• IRR: 77.1%
• Equity multiple: 10.78×
• Total profit: $95,796
• Equity at exit: $3,026

Cash invested: $9,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 18 active · 12 under contract
• Months of supply: 10.8 mo (9%/mo absorbed)
• Median asking: $69,900 ($75/sqft)
• Median days on market: 56 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +11.2% above 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: 2.9×

Monthly cashflow live

• Estimated rent: $1,006 high
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $553

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 40%

Sensitivity live

Price	-10% $577	-5% $565	+0% $553	+5% $541	+10% $529
Rent	-10% $474	-5% $513	+0% $553	+5% $593	+10% $632
Rate	-1.0pp $571	-0.5pp $562	base $553	+0.5pp $544	+1.0pp $535

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: $8,750
• Closing costs: $1,050
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
241 N Pine St Lafayette, LA	2.0	1.0	864	$950	$1.10	139d	1	0.02mi
204 Debaillon St Lafayette, LA	2.0	1.0	900	$800	$0.89	2d	1	0.33mi
2820 Louisiana Ave Lafayette, LA	1.0–3.0	1.0–2.0	876	$1,145	$1.31	0d	22	0.50mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	117d	1	0.54mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	109d	1	0.54mi
610 Sunset Dr Lafayette, LA	2.0	1.0	1000	$800	$0.80	139d	1	0.56mi
2826 Louisiana Ave #907 Lafayette, LA	2.0	2.5	1100	$950	$0.86	0d	1	0.57mi
2830 Louisiana Ave #6 Lafayette, LA	2.0	1.5	1100	$950	$0.86	109d	1	0.57mi
810 Fairmont Ln Lafayette, LA	3.0	1.0	1000	$992	$0.99	139d	1	0.82mi
319 Tissington St Lafayette, LA	2.0	1.0	956	$775	$0.81	139d	1	0.97mi
418 Tissington St Lafayette, LA	2.0	1.0	675	$875	$1.30	6d	1	0.97mi
517 Chopin St Lafayette, LA	2.0	1.0	1000	$900	$0.90	6d	1	1.13mi
1806 12th St Lafayette, LA	2.0	1.0	900	$775	$0.86	6d	1	1.14mi
815 Martin Luther King Jr Dr Lafayette, LA	2.0	1.0	873	$800	$0.92	6d	1	1.15mi
815 Martin Luther King Junior Dr Apt 29 Lafayette, LA	2.0	1.0	873	$800	$0.92	117d	1	1.17mi
815 Martin Luther King Junior Dr Unit 40 Lafayette, LA	2.0	1.0	873	$800	$0.92	139d	1	1.17mi
313 Hobson St Lafayette, LA	3.0	1.0	1000	$1,100	$1.10	117d	1	1.29mi
510 Pershing St Lafayette, LA	4.0	2.0	1000	$1,150	$1.15	6d	1	1.31mi
1002 E Simcoe St Lafayette, LA	4.0	2.0	1100	$950	$0.86	139d	1	1.38mi
127 Nancy Ln Lafayette, LA	2.0	1.0	600	$800	$1.33	6d	1	1.42mi
1030 9th St Lafayette, LA	2.0	1.0	800	$800	$1.00	139d	1	1.42mi
125 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	117d	1	1.43mi
206 N Washington St Lafayette, LA	3.0	1.0	900	$900	$1.00	117d	1	1.46mi

Property features AI

Exterior

• Parking: Carport (1 covered space, total parking for 1)
• Utilities: Gas service by AtmosPublic sewerElectric service from city
• Home design: Single family residence
• Construction: Wood sidingFrame constructionComposition roofMetal roof
• Exterior features: Composition and metal roofWood siding and frame constructionPaved road frontage

Interior

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

Listing history 50 events

1. 2026-09-24
   days on market $35,000 Active 126 DOM
2. 2026-09-24
   days on market $35,000 Active 125 DOM
3. 2026-09-22
   days on market $35,000 Active 124 DOM
4. 2026-09-21
   days on market $35,000 Active 123 DOM
5. 2026-09-20
   days on market $35,000 Active 122 DOM
6. 2026-09-19
   days on market $35,000 Active 121 DOM
7. 2026-09-18
   days on market $35,000 Active 120 DOM
8. 2026-09-17
   days on market $35,000 Active 119 DOM
9. 2026-09-15
   days on market $35,000 Active 118 DOM
10. 2026-09-14
    days on market $35,000 Active 117 DOM
11. 2026-09-13
    days on market $35,000 Active 116 DOM
12. 2026-09-12
    days on market $35,000 Active 115 DOM
13. 2026-09-11
    pricedays on market $35,000 Active 114 DOM
14. 2026-09-05
    days on market $40,000 Active 108 DOM
15. 2026-09-04
    days on market $40,000 Active 107 DOM
16. 2026-09-03
    days on market $40,000 Active 106 DOM
17. 2026-08-31
    days on market $40,000 Active 103 DOM
18. 2026-08-30
    days on market $40,000 Active 102 DOM
19. 2026-08-29
    days on market $40,000 Active 101 DOM
20. 2026-08-28
    days on market $40,000 Active 100 DOM
21. 2026-08-27
    days on market $40,000 Active 99 DOM
22. 2026-08-26
    days on market $40,000 Active 98 DOM
23. 2026-08-25
    days on market $40,000 Active 97 DOM
24. 2026-08-24
    days on market $40,000 Active 96 DOM
25. 2026-08-23
    days on market $40,000 Active 95 DOM
26. 2026-08-22
    days on market $40,000 Active 94 DOM
27. 2026-08-21
    days on market $40,000 Active 93 DOM
28. 2026-08-20
    days on market $40,000 Active 92 DOM
29. 2026-08-19
    days on market $40,000 Active 91 DOM
30. 2026-08-18
    days on market $40,000 Active 90 DOM
31. 2026-08-17
    days on market $40,000 Active 89 DOM
32. 2026-08-16
    days on market $40,000 Active 88 DOM
33. 2026-08-15
    days on market $40,000 Active 87 DOM
34. 2026-08-14
    days on market $40,000 Active 86 DOM
35. 2026-08-13
    days on market $40,000 Active 85 DOM
36. 2026-08-12
    days on market $40,000 Active 84 DOM
37. 2026-08-11
    days on market $40,000 Active 83 DOM
38. 2026-08-10
    days on market $40,000 Active 82 DOM
39. 2026-08-09
    days on market $40,000 Active 81 DOM
40. 2026-08-08
    days on market $40,000 Active 80 DOM
41. 2026-08-07
    days on market $40,000 Active 79 DOM
42. 2026-08-06
    days on market $40,000 Active 78 DOM
43. 2026-08-05
    days on market $40,000 Active 77 DOM
44. 2026-08-04
    pricedays on market $40,000 Active 76 DOM
45. 2026-08-03
    days on market $45,000 Active 75 DOM
46. 2026-07-31
    days on market $45,000 Active 72 DOM
47. 2026-07-30
    days on market $45,000 Active 71 DOM
48. 2026-07-29
    days on market $45,000 Active 70 DOM
49. 2026-07-27
    days on market $45,000 Active 68 DOM
50. 2026-07-23
    days on market $45,000 Active 64 DOM

ⓘ 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 1/10 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: $12,074
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$966
• − Management: −$966
• − Depreciation: −$1,018
• Taxable income: $6,463
• Est. tax owed @ 24.0%: −$1,551
• After-tax cash flow: $5,085/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 Est. rehab $24,475–$44,055 screening

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 ↑

ⓘ Rehab cost is a screening estimate — Moderate 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 J.w. Faulk 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

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Property features AI

Exterior

• Parking: Carport (1 covered space, total parking for 1)
• Utilities: Gas service by AtmosPublic sewerElectric service from city
• Home design: Single family residence
• Construction: Wood sidingFrame constructionComposition roofMetal roof
• Exterior features: Composition and metal roofWood siding and frame constructionPaved road frontage

Interior

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

Price history

-50.0% since first listed

6 events — show timeline

• 2026-06-26 Price Changed $45,000 AcadianaMLS
• 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