102 Laguna Ln · Lafayette, LA 70508

$234,500

3 bd · 2.5 ba · 1,584 sqft · SingleFamily public records · 9 Days on market

Built 2007 2,613 sqft lot Est $228k · at est. $35/mo HOA · 2% of rent

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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 +19.0/30.0
• ARV discount +6.2/15.0
• DSCR +6.0/10.0
• 1% rule +4.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful patio home with lots of upgrades! Luxurious features abound throughout! Beautiful slate flooring in entry, laundry, kitchen, breakfast area and living room. Kitchen includes stainless appliances, cypress cabinets, granite slab island and granite tile backsplash and countertops. Living room boasts a cathedral ceiling with cypress beam and gas fireplace with cypress mantle. The 1/2 bath downstairs has a pedestal sink and is great for guests and entertaining. Wood floors in master bedroom. Master bath and upstairs bath feature beautiful onyx countertops and travertine floors. Master bath has a new fully travertine tiled shower. Upstairs bath has tumbled marble tub surround. Upstairs bedrooms have large walk-in closets. Amazing covered slate and concrete patio. Also included are 2 inch wood blinds. All appliances included! This home is set apart from the rest, so make your appointment today!

Key facts

• Built-in cabinetry
• Separate food pantry
• 2,613 sq ft lot

Tags

• OPEN-CONCEPT FLOOR PLAN
• SPACIOUS ISLAND KITCHEN
• SEPARATE FOOD PANTRY
• OVERSIZED STAINLESS STEEL SINK
• DEDICATED LAUNDRY ROOM
• BUILT-IN CABINETRY

Property features AI

Finance

• HOA & community: Community association with quarterly fee; Association fee covers grounds maintenance

Exterior

• Parking: 2 covered parking spaces; 2-car carport
• Security: Gated community
• Utilities: Gas service by Atmos; Public sewer; Electric service by city
• Home design: Single family residence; Garden/patio style
• Construction: Brick veneer and HardiPlank-type siding with frame construction; Composition roof
• Exterior features: Outdoor lighting; Covered patio/porch; Privacy wood fencing (full)

Interior

• Kitchen: Dishwasher; Disposal; Gas cooktop; Microwave; Kitchen island; Granite counters
• Flooring: Carpet; Slate; Tile; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: High ceilings; Beamed ceilings; Crown molding; Double vanity; Kitchen island; Varied ceiling heights; Walk-in closet(s); Granite counters; Granite tile counters; Other countertop materials; Gas log ventless fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $234k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/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 $225k (3.9% below list).
• Recommended offer: $225k (3.9% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: Edgar Martin Middle School (math 40% / reading 53%, grade D+, #41 of 218 statewide, top 19%, 490 students, 59% FRL); O. Comeaux High School (math 38% / reading 40%, grade F, #86 of 265 statewide, top 33%, 1,098 students, 56% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents rising (+1.2%/yr); 464 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 31% of the median local income ($86k/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 $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.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 18y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,356 (3.9% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 0.96% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.43%
• DSCR: 1.20
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $228,096
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Laguna Ln	0.01mi	3/2.5	1,600 (+1%)	3mo	$210,000	$131	95
109 Flamingo Row	0.06mi	3/2.5	1,600 (+1%)	2mo	$175,000	$109	94
115 Flamingo Row	0.05mi	3/2.5	1,600 (+1%)	6mo	$230,000	$144	91
203 Flamingo Row	0.03mi	3/2.5	1,600 (+1%)	22mo	$242,000	$151	79
165 Milan Cir	0.06mi	3/2.0	1,693 (+7%)	16mo	$265,000	$157	70
107 Laguna Ln	0.03mi	2/2.0 (-1)	1,360 (-14%)	13mo	$220,000	$162	57
107 Papwood Cir	0.67mi	3/2.0	1,805 (+14%)	19mo	$212,000	$117	27

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 · 1.23% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.60×
• Total profit: $-26,508
• Equity at exit: $34,965

10-year hold

• IRR: -4.7%
• Equity multiple: 0.71×
• Total profit: $-18,873
• Equity at exit: $20,275

Cash invested: $65,660 (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 70508

• Home prices YoY: -34.7%
• Rents YoY: 1.2%
• Active inventory: 464
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,254 high
• Mortgage (P&I): −$1,230
• Tax from tax record: −$175 /mo · $2,103/yr
• Insurance: −$98
• HOA: −$35
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $243

Break-even live

Break-even rent $1,946

Max offer price $234,500

Occupancy floor 84%

Sensitivity live

Price	-10% $375	-5% $309	+0% $243	+5% $176	+10% $110
Rent	-10% $65	-5% $154	+0% $243	+5% $332	+10% $421
Rate	-1.0pp $361	-0.5pp $302	base $243	+0.5pp $182	+1.0pp $120

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: $58,625
• Closing costs: $7,035
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
536 Settlers Trace Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1103	$1,795	$1.63	14d	10	0.42mi
107 Papwood Cir Lafayette, LA	3.0	2.0	1805	$2,000	$1.11	21d	1	0.65mi
110 Frem Boustany Dr Lafayette, LA	1.0–3.0	1.0–2.0	1026	$2,030	$1.98	21d	15	0.80mi
215 Republic Ave Lafayette, LA	1.0–2.0	1.0–2.0	863	$1,455	$1.69	14d	16	0.90mi
5530 Ambassador Caffrey Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1194	$1,875	$1.57	14d	15	0.95mi
150 La Rue Vil Lafayette, LA	3.0	2.0	1650	$1,650	$1.00	14d	1	1.01mi
110 E Martial Ave Lafayette, LA	1.0–3.0	1.0–2.0	1047	$1,535	$1.47	14d	5	1.03mi
304 Renwood Cir Lafayette, LA	3.0	2.0	1761	$3,300	$1.87	21d	1	1.05mi
115 La Rue Vil Lafayette, LA	3.0	2.0	1860	$1,900	$1.02	45d	1	1.09mi
130 Brightwood Dr Lafayette, LA	3.0	2.0	1250	$1,800	$1.44	21d	1	1.11mi
402 E Martial Ave Lafayette, LA	3.0	2.0	1500	$4,000	$2.67	44d	1	1.14mi
404 E Martial Ave Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	44d	1	1.14mi
204 Student Ln Lafayette, LA	3.0	2.0	1976	$3,500	$1.77	44d	1	1.14mi
903 Canberra Rd Lafayette, LA	3.0	2.0	1752	$1,975	$1.13	21d	1	1.15mi
202 Student Ln Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	44d	1	1.16mi
406 E Martial Ave Lafayette, LA	4.0	2.0	2017	$5,000	$2.48	44d	1	1.16mi
102 Perth PL Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	21d	1	1.20mi
3606 Kaliste Saloom Rd Unit 201 Lafayette, LA	3.0	2.0	1402	$1,450	$1.03	21d	1	1.24mi
106 Shadow Springs Dr Lafayette, LA	3.0	2.0	1850	$2,295	$1.24	44d	1	1.27mi
302 Richland Ave Unit 103C Lafayette, LA	2.0	2.0	1409	$4,200	$2.98	44d	1	1.32mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	14d	17	1.36mi
201 Settlers Trace Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1024	$1,848	$1.80	14d	12	1.36mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	14d	18	1.37mi
119 Coconut Grove Cir Lafayette, LA	3.0	2.5	1600	$1,800	$1.12	44d	1	1.43mi
1042 Camellia Blvd Lafayette, LA	1.0–2.0	1.0–2.0	880	$1,941	$2.21	14d	10	1.43mi
1521 Camellia Blvd Lafayette, LA	1.0–3.0	1.0–2.0	1246	$2,342	$1.88	14d	16	1.48mi
709 Rosedown Ln Lafayette, LA	3.0	2.0	1800	$1,700	$0.94	44d	1	1.49mi

HOA detail

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

Listing history 17 events

1. 2026-06-01
   statusdays on market $234,500 Pending 9 DOM
2. 2026-05-31
   days on market $234,500 Active 8 DOM
3. 2026-05-30
   days on market $234,500 Active 7 DOM
4. 2026-05-23
   listed $234,500 Active
5. 2019-03-25
   soldstatus $210,000 911-char remark

   Show marketing remark (911 chars)

   Wonderful patio home with lots of upgrades! Luxurious features abound throughout! Beautiful slate flooring in entry, laundry, kitchen, breakfast area and living room. Kitchen includes stainless appliances, cypress cabinets, granite slab island and granite tile backsplash and countertops. Living room boasts a cathedral ceiling with cypress beam and gas fireplace with cypress mantle. The 1/2 bath downstairs has a pedestal sink and is great for guests and entertaining. Wood floors in master bedroom. Master bath and upstairs bath feature beautiful onyx countertops and travertine floors. Master bath has a new fully travertine tiled shower. Upstairs bath has tumbled marble tub surround. Upstairs bedrooms have large walk-in closets. Amazing covered slate and concrete patio. Also included are 2 inch wood blinds. All appliances included! This home is set apart from the rest, so make your appointment today!

6. 2019-03-25
   soldstatus $210,000

   Show marketing remark (911 chars)

   Wonderful patio home with lots of upgrades! Luxurious features abound throughout! Beautiful slate flooring in entry, laundry, kitchen, breakfast area and living room. Kitchen includes stainless appliances, cypress cabinets, granite slab island and granite tile backsplash and countertops. Living room boasts a cathedral ceiling with cypress beam and gas fireplace with cypress mantle. The 1/2 bath downstairs has a pedestal sink and is great for guests and entertaining. Wood floors in master bedroom. Master bath and upstairs bath feature beautiful onyx countertops and travertine floors. Master bath has a new fully travertine tiled shower. Upstairs bath has tumbled marble tub surround. Upstairs bedrooms have large walk-in closets. Amazing covered slate and concrete patio. Also included are 2 inch wood blinds. All appliances included! This home is set apart from the rest, so make your appointment today!

7. 2019-02-04
   listed $210,000 911-char remark

   Show marketing remark (911 chars)

   Wonderful patio home with lots of upgrades! Luxurious features abound throughout! Beautiful slate flooring in entry, laundry, kitchen, breakfast area and living room. Kitchen includes stainless appliances, cypress cabinets, granite slab island and granite tile backsplash and countertops. Living room boasts a cathedral ceiling with cypress beam and gas fireplace with cypress mantle. The 1/2 bath downstairs has a pedestal sink and is great for guests and entertaining. Wood floors in master bedroom. Master bath and upstairs bath feature beautiful onyx countertops and travertine floors. Master bath has a new fully travertine tiled shower. Upstairs bath has tumbled marble tub surround. Upstairs bedrooms have large walk-in closets. Amazing covered slate and concrete patio. Also included are 2 inch wood blinds. All appliances included! This home is set apart from the rest, so make your appointment today!

8. 2017-09-28
   soldstatus $198,000 586-char remark

   Show marketing remark (586 chars)

   Wonderful Move In Ready Townhouse! Slate flooring in entry, laundry, kitchen, dining and living rooms. Fireplace in living room plus cathedral ceilings with Cypress Beam. The mantel on fireplace is Cypress. Kitchen cabinets with a slab granite island, granite tile countertops and back splash. Wood floors in Master Bedroom. Tumbled marble tile floors and tub surround with onyx counter tops with double sinks in master Bath. Large rooms with extra-large closets. Amazing Covered Slate and Concrete Patio. Refrigerator remains. Don't miss this spectacular townhome in an Ideal Location.

9. 2017-08-14
   listed $200,000 586-char remark

   Show marketing remark (586 chars)

   Wonderful Move In Ready Townhouse! Slate flooring in entry, laundry, kitchen, dining and living rooms. Fireplace in living room plus cathedral ceilings with Cypress Beam. The mantel on fireplace is Cypress. Kitchen cabinets with a slab granite island, granite tile countertops and back splash. Wood floors in Master Bedroom. Tumbled marble tile floors and tub surround with onyx counter tops with double sinks in master Bath. Large rooms with extra-large closets. Amazing Covered Slate and Concrete Patio. Refrigerator remains. Don't miss this spectacular townhome in an Ideal Location.

10. 2015-03-19
    soldstatus $192,540
11. 2013-05-14
    soldstatus $183,000
12. 2013-05-14
    soldstatus $183,000
13. 2013-01-17
    listed $189,000
14. 2010-01-29
    listed $199,900
15. 2008-04-30
    soldstatus
16. 2008-04-29
    soldstatus $205,000
17. 2008-04-03
    listed $209,000

ⓘ 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: $2,103 · $175/mo
• Projected year-2 tax: $2,103 · $175/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 9/10 Extreme 7 d/yr ≥108°F today · 22 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: $27,043
• − Mortgage interest: −$13,136
• − Property taxes: −$2,103
• − Insurance: −$1,172
• − Repairs & maintenance: −$2,163
• − Management: −$2,163
• − HOA: −$420
• − Depreciation: −$6,822
• Taxable loss: −$937
• Est. tax savings @ 24.0%: +$225
• After-tax cash flow: $3,136/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): 40,592
• Household income: $86,005
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 1860.0

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 (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 20% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 2% 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: ▼ -76.28%
• Current HPI: 143.6305
• Rent YoY: ▲ 1.23%
• 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

+12.2% since first listed

14 events — show timeline

• 2026-05-23 Listed $234,500 AcadianaMLS
• 2019-03-25 Sold (Public Records) $210,000 Public Records
• 2019-03-25 Sold (MLS) $210,000 AcadianaMLS
• 2019-02-04 Listed $210,000 AcadianaMLS
• 2017-09-28 Sold (MLS) $198,000 AcadianaMLS
• 2017-08-14 Listed $200,000 AcadianaMLS
• 2015-03-19 Sold (Public Records) $192,540 Public Records
• 2013-05-14 Sold (Public Records) $183,000 Public Records
• 2013-05-14 Sold (MLS) $183,000 AcadianaMLS
• 2013-01-17 Listed $189,000 AcadianaMLS
• 2010-01-29 Listed $199,900 AcadianaMLS
• 2008-04-30 Sold (Public Records) — Public Records
• 2008-04-29 Sold (MLS) $205,000 AcadianaMLS
• 2008-04-03 Listed $209,000 AcadianaMLS

Property tax history

+2.6%/yr

Latest (2025): $2,103 · -1.1% YoY. Source: county tax records.